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    981 E Washington St Rensselaer, IN 47978

    Pending
    For Sale
    $499,900

    Apartment - Rensselaer, IN

    Type:Apartment
    Lot size:
    0.52 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 6 at 5:06 am

    Property Features for 981 E Washington St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Pending
    Security features
    Smoke Detector(s)
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    12
    Bathrooms
    6
    APN
    370729000058000027
    Pets allowed
    No
    Interior features
    Ceiling Fan(s)
    Exterior features
    Rain Gutters
    Appliances
    Dryer, Range, Range - Gas, Refrigerator
    Lot size
    0.52 Acres

    Utilities

    Heating system
    Central, Hot Water (Heating), Natural Gas

    Building Details

    Year built
    1967
    Floors in Building
    1
    Architectural style
    Other

    Jenkins Realtors, Inc (219) 866-5908 [email protected]

    Listing agent JoAnn McElfresh (219) 866-5908 License #RB14035248

    Listing date Nov 12, 2025

    MLS# 829313 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

    Well-Maintained Rensselaer Income Property

    This well-maintained income property in Rensselaer, Indiana, features six units within a 4040 square foot building. Located across from Van Rensselaer schools, each unit includes a living room, eating area, and a kitchen equipped with a gas stove and refrigerator. The units also offer two bedrooms with hardwood floors and one bathroom. Each unit is equipped with its own newer boiler for hot water heat, as well as a newer window AC unit that combines cooling and heating capabilities. Recent updates to the complex include new 50-year GAF shingles installed in 2013 and new hot water heaters in 2024. The boilers, refrigerators, and stoves have all been replaced within the last 10 years. A common laundry area is available, featuring coin-operated units with two washers, two dryers, and a sink, along with individual cabinets for each unit's laundry items. The seller is responsible for covering the utilities for the common laundry area only. The property is situated on a 0.52-acre lot.
    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 Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rensselaer
    County
    Jasper
    State
    Indiana
    Longitude
    -87.140144
    Latitude
    40.937888

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    FAQs

    What type of property is this?
    Apartment building - Six-unit income property with recent updates in Rensselaer, Indiana.
    Where is this apartment building located?
    The property is located at 981 E Washington St Rensselaer, IN.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Well-maintained 6-unit income property.; - Recent updates including **new 50-year GAF shingles (2013) and new hot water heaters (2024).**; - Each unit features 2 bedrooms with hardwood floors, living room, eating area, kitchen, and 1 bath.
    (219) 866-5908
    Request Owner's contact information
    981 E Washington St 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
    981 E Washington St Rensselaer, IN 47978
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