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    226 E Washington St Rensselaer, IN 47978

    Pending
    For Sale
    $599,000

    Quadruplex - Rensselaer, IN

    Type:Quadruplex
    Lot size:
    0.25 Acres
    Days on Market:
    42
    Last Refresh:
    Dec 6 at 5:06 am

    Property Features for 226 E Washington St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Pending
    Security features
    Smoke Detector(s)
    Rooms
    Basement
    APN
    370730020017209027
    Parking features
    Carport
    Pets allowed
    Call
    Interior features
    Ceiling Fan(s), High Ceilings, Granite Counters
    Exterior features
    Corner Lot, Private Entrance
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1906
    Floors in Building
    4
    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# 814093 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

    Rensselaer Quadruplex Investment Opportunity

    This completely remodeled four-unit property presents an investment opportunity for passive income. Located in the heart of Rensselaer's business district, the property allows tenants to walk to work, the pharmacy, local restaurants, and more. The unit makeup consists of one 2-bed/1-bath unit, two 2-bed/2-bath units, and one 1-bed/1-bath unit with loft space. The property has been remodeled with quality work, craftsmanship, and high-end materials and finishes, including spray foam insulation, energy star windows, and high-efficiency HVAC systems. The gross annual rent is $55,000. The owner is responsible for taxes, insurance, ground maintenance, and snow removal, while tenants pay all utilities. Situated on a 0.251-acre lot, this property offers an opportunity for real estate portfolio expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rensselaer
    County
    Jasper
    State
    Indiana
    Longitude
    -87.148904
    Latitude
    40.937735

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    FAQs

    What type of property is this?
    Quadplex - Remodeled four-unit property in Rensselaer's business district, offering immediate passive income.
    Where is this quadplex located?
    The property is located at 226 E Washington St Rensselaer, IN.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Immediate passive income with an over 8% cap rate when fully rented.; - **Completely remodeled with quality work, craftsmanship, and high-end materials and finishes.**; - Four units: 1- 2 bed/ 1 bath, 2- 2 bed/ 2 bath, and 1- 1 bed/ 1 bath with loft space.
    (219) 987-2230
    Request Owner's contact information
    226 E Washington St Rensselaer, IN 47978
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    Rensselaer, IN 47978
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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
    226 E Washington St Rensselaer, IN 47978
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