Duplex with Back Yard and
3812 S Washingron Street Marion, IN 46953
New
3812 S Washingron Street, Marion, IN, 46953
$117,000
For Sale
$117,000
MULTI_FAMILY - Other - Marion, IN
Property Size1,644 SF
Lot Size0.18 Acres
Price / SF$71.17
Days on Market3
Property Features for 3812 S Washingron Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Basement, Bedroom 3
- Parking
- 3
- Basement
- Block
- Standard status
- Active
- APN
- 27-07-19-201-029.000-002
- Size
- 1,644 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- 16-18-4569 LOT 48 KNIGHT & OVERMAN 2ND ADD 11/30/99 #55178
- Tax Annual Amount
- 1000
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Wood
- Architectural style
- Other
Listing Agency
RE/MAX Realty One
(765) 454-7300
1801 S Elizabeth St, Kokomo, IN
Listed by
Cathy Hunnicutt · License #RB15000856
(765) 618-9394
Added: Jul 17 Checked: Jul 19 at 5:06 am
MLS# 202628842
Copyright © 2026 REALTORS Association of Central Indiana. 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 duplex property is configured with upstairs and downstairs apartments within the same facility. The home also includes a large back yard area, an open deck, and parking located in the back.
The property is offered for sale at 3812 S Washingron Street in Marion, Indiana (Grant County). Public remarks note the duplex is across the street from IWU.
With a relatively compact footprint, the layout is designed to provide two separate residential units while keeping outdoor and parking amenities grouped to the rear of the property.
The property is offered for sale at 3812 S Washingron Street in Marion, Indiana (Grant County). Public remarks note the duplex is across the street from IWU.
With a relatively compact footprint, the layout is designed to provide two separate residential units while keeping outdoor and parking amenities grouped to the rear of the property.
Key Highlights
- Duplex with upstairs/downstairs apartment layout
- Large back yard with open deck and back parking
- Includes 3 bedrooms and 2 bathrooms across the home
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.8k | $9.00 |
| − Vacancy | −$2.0k | −$1.22 |
| EGI | $12.8k | $7.78 |
| − OpEx | −$3.8k | −$2.33 |
| NOI | $9.0k | $5.45 |
1,644 SF · lease $9.00/SF/yr · vacancy 13.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$127.9K
$111.9K – $149.2K
NOI $8,954 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$117.0K
$102.3K – $136.5K
NOI $8,187 @ 7.0% cap · market cap 7.00%
Theoretical Best
Specialty Retail
$319.3K
$279.4K – $372.5K
NOI $22,349 @ 7.0% cap · market cap 19.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex layout offers upstairs and downstairs apartments, plus a large back yard, open deck, and rear parking area.
Where is this duplex located?
The property is located at 3812 S Washingron Street Marion, IN.
What is the asking price?
The asking price for this property is $117,000.
What are key features of this property?
This property features: Duplex with upstairs/downstairs apartment layout; Large back yard with open deck and back parking; Includes 3 bedrooms and 2 bathrooms across the home
