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Two-Story 4-Unit Quadplex
For Sale
$315,000
Pending

17425 State Road 37, Harlan, IN 46743

INVESTMENT, Two Story, Harlan, IN

Property Size4,042 SF
Lot Size0.20 Acres
Days on Market174

Property Features for 17425 State Road 37

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 4
Full bathrooms 4
Rooms Basement, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 7, Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2
Parking 10
Lot features Level
Elementary school Woodlan
Middle school Woodlan
High school Woodlan
Elementary school district East Allen County
Middle school district East Allen County
High school district East Allen County
Directions Near intersection of State Road 37 and Antwerp Road
Subdivision Allen County
Standard status Pending
APN 02-04-28-353-016.000-062
Size 4,042 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Harlan lot 12 Ex N 25 of E 10Ft
Tax Annual Amount 3325
Legal Description Harlan lot 12 Ex N 25 of E 10Ft

Building Details

Year built 1900
Floors in Building 2
Number of units 4
Flooring type Mixed
Architectural style Other
Listing Agency: Open Door Rentals and Real Est
Listed By: Lori DePew · License #RB22001006
Added: Mar 23 Changed: Sep 5 Last Checked: Sep 12 at 1:06AM
MLS# 202609539

Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-story quadplex contains four residential units within a 4,042-square-foot property built in 1900. The interior includes mixed flooring, bedrooms, bathrooms, and a basement. All four units are occupied, and professional property management is already established.

Residents pay their own electric service and reimburse the owner for water, sewer, trash, and gas through a RUBS arrangement. The property sits on 0.1967 acres at 17425 State Road 37 in Harlan, Indiana, with off-street parking and access to surrounding areas.

Key Highlights

  • Four‑unit quadplex with all units currently occupied
  • 4,042 square feet on 0.1967 acres
  • Two‑story property built in 1900

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Building Supply Storage Facility Hair Salon Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

90
Businesses Nearby

Demographics for 46743, IN

2,309
Population
904
Households
2.6
Avg Household Size
34
Median Age
21%
College-Educated
84%
High-School Grad
23.3 sq mi
ZIP Area
99
Density / Sq Mi
$71,875
Median Household Income
$44,348
Median Earnings
$962
Median Rent
$186,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Occupied four-unit property with resident-paid utilities, off-street parking, and professional management in place.
Where is this quadplex located?
The property is located at 17425 State Road 37 Harlan, IN.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Four‑unit quadplex with all units currently occupied; 4,042 square feet on 0.1967 acres; Two‑story property built in 1900
More about this property
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