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    202 E 5Th St Fowler, IN 47944

    Pending
    For Sale
    $660,000

    Multi Family - Fowler, IN

    Type:Single Family Attached
    Property size:
    15,560 SF
    Lot size:
    0.26 Acres
    Days on Market:
    41
    Last Refresh:
    Dec 5 at 12:06 pm

    Property Features for 202 E 5Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Pending
    Rooms
    Basement
    APN
    040815223018000004
    Parking features
    Off Street, On Street
    Exterior features
    Balcony
    Basement Y/N
    1
    Size
    15,560 SF
    Lot size
    0.26 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1900
    Architectural style
    Other

    Re/Max Executives (219) 987-2230 [email protected]

    Listing agent Trisha Potts (219) 987-2230 License #RB14046118

    Listing date Oct 26, 2025

    MLS# 818685 Listing URL

    Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fowler Multifamily Investment Opportunity

    This sixteen-unit commercial property in Fowler, Indiana, presents an investment opportunity. The property has undergone over $100,000 in capital improvements within the last year, including a new roof, new exterior doors, and a new upper deck installed within the last 90 days. The property is currently rented with an 81 percent occupancy rate. The lot size is 0.255 acres and the building size is 15,560 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fowler
    County
    Benton
    State
    Indiana
    Longitude
    -87.322014
    Latitude
    40.617446

    Nearby Similar for Sale

    • New
      $900,000
      3.18 Acres

      Commercial Shops and Storage Facility

      Commercial-grade heated shops and storage on 3.18 acres in Fowler.
      4188 N 200 W, Fowler, IN 47944
      View Details
    • $269,900
      0.40 Acres

      Historic Fowler Commercial Building

      Spacious building, prime location, 12,000 sq ft
      106 Madison Ave, Fowler, IN 47944
      View Details

    FAQs

    What type of property is this?
    Apartment building - Sixteen-unit commercial property in Fowler, Indiana with recent capital improvements.
    Where is this apartment building located?
    The property is located at 202 E 5Th St Fowler, IN.
    What is the asking price?
    The asking price for this property is $660,000.
    What are key features of this property?
    This property features: - 1.9 percent CAP rate offers a strong return on investment.; - Over $100,000 in capital improvements were made in the last year.; - Recent upgrades include a **new roof, new exterior doors, and a new upper deck** (within the last 90 days).
    (219) 987-2230
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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
    202 E 5Th St Fowler, IN 47944
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