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19-Unit Apartment Complex
For Sale
$1,250,000

101 W Main St, Winamac, IN 46996

Nineteen brick apartments include studios, one- and two-bedroom units, plus shared laundry, courtyard, and resident parking.

Property Size14,845 SF
Price / SF$84.20
Days on Market124

Property Features for 101 W Main St

General Information

Standard status Active
Size 14,845 SF
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 19

Amenities

shared laundry room
grassy courtyard
private parking lot

Building Details

Year Built 1964
Construction brick
Tenancy Multi
Listing Agency: RE/MAX SELECT REALTY
Listed By: Lisa Malchow · License #RB16001784
Source: Kmsrealestategroup
Added: May 8 Changed: Sep 8 Last Checked: Aug 25 at 4:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX SELECT REALTY

Investment Insights

Based on property information with market context.

This 19-unit brick apartment complex offers a mix of studio, one-bedroom, and two-bedroom apartments, along with townhouse-style units. The property includes a shared laundry room, a grassy courtyard, and a private parking lot for residents. All units are currently occupied.

The complex is located at 101 West Main Street in Winamac, Indiana, and is described as being conveniently across from the courthouse square. The listing notes walkable access to amenities including restaurants, schools, a library, a town park, and walking paths.

The current unit mix is 6 two-bedroom townhouse apartments, 6 one-bedroom apartments, 4 two-bedroom apartments, and 3 studio apartments, providing a range of tenancy options within a single maintained multifamily asset.

Key Highlights

  • 19‑unit brick apartment complex in Winamac, IN (2‑story; built in 1964)
  • Unit mix includes 3 studio units, 6 one‑bedroom units, and 10 two‑bedroom units
  • Shared laundry facilities include 3 washers and 3 dryers (19 microwaves; 19 ranges/ovens; 19 refrigerators)

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Storage Facility Dental Office Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

19
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

423
Businesses Nearby

Demographics for 46996, IN

6,830
Population
3,053
Households
2.2
Avg Household Size
44
Median Age
17%
College-Educated
92%
High-School Grad
189.3 sq mi
ZIP Area
36
Density / Sq Mi
$60,287
Median Household Income
$40,014
Median Earnings
$690
Median Rent
$138,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Nineteen brick apartments include studios, one- and two-bedroom units, plus shared laundry, courtyard, and resident parking.
Where is this apartment building located?
The property is located at 101 W Main St Winamac, IN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 19‑unit brick apartment complex in Winamac, IN (2‑story; built in 1964); Unit mix includes 3 studio units, 6 one‑bedroom units, and 10 two‑bedroom units; Shared laundry facilities include 3 washers and 3 dryers (19 microwaves; 19 ranges/ovens; 19 refrigerators)
More about this property
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