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    190 E Washington St Morgantown, IN 46160

    For Sale
    $175,000

    Craftsman,Traditional, Triplex - Morgantown, IN

    Type:Triplex
    Lot size:
    0.13 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 6 at 2:06 pm

    Property Features for 190 E Washington St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Security features
    Smoke Detector(s)
    Rooms
    Basement
    APN
    551424470019000013
    Exterior features
    Corner Lot
    Basement Y/N
    1
    Lot size
    0.13 Acres

    Utilities

    Cooling system
    Central Air, Multi Units, Window Unit(s)

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Vinyl Siding
    Architectural style
    Craftsman

    Indiana Realty Pros, Inc. (317) 888-5000 [email protected]

    Listing agent Ron Rose (317) 888-5000 License #RB14036143

    Listing date Nov 22, 2025

    MLS# 22015330 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income Producing Triplex in Morgantown

    This income-producing triplex is situated in a walkable location near downtown Morgantown. The property features two apartments on the main level, each with one bedroom and one bathroom. The upstairs apartment includes two bedrooms and one bathroom. The gross monthly income is $2,385. Lease terms are available upon request. The property also has a basement. Each of the three apartments has a private entrance and on-site parking. The washer, dryer, oven/range, and refrigerator in each apartment are included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Morgan
    State
    Indiana
    Longitude
    -86.25851
    Latitude
    39.37139

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      Morgantown Triplex For Sale

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      Morgantown Duplex with Rental Income

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    FAQs

    What type of property is this?
    Triplex - Triplex in walkable location with gross monthly income.
    Where is this triplex located?
    The property is located at 190 E Washington St Morgantown, IN.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Income-producing triplex generating $2,385 gross monthly income.; - Walkable location to downtown Morgantown.; - Three apartments with private entrances and onsite parking.
    (317) 888-5000
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    190 E Washington St Morgantown, IN 46160
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