Two-Story
New
For Sale
$115,000
108 N Washington Street, Pierceton, IN 46562
INVESTMENT, Two Story, Pierceton, IN
Property Size1,360 SF
Lot Size0.19 Acres
Price / SF$84.56
Days on Market3
Property Features for 108 N Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Basement, Bathroom 2
Parking
3
Basement
Block
Subdivision
Redkeys
Lot features
Rolling
Elementary school
Pierceton
Middle school
Whitko Jr/Sr
High school
Whitko Jr/Sr
Elementary school district
Whitko
Middle school district
Whitko
High school district
Whitko
Directions
Take US-30 to First Street/Main Street go right and then turn left onto Market Street. Next, turn right onto Washington Street, and your destination will be on the left.
Standard status
Active
APN
43-12-27-300-254.000-030
Size
1,360 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
10-107-29 LOT 2 BLK 6 REDKEYS ADD TO PIERCETON LESS A STP 5X55' IN THE NW COR
Tax Annual Amount
1000
Legal Description
10-107-29 LOT 2 BLK 6 REDKEYS ADD TO PIERCETON LESS A STP 5X55' IN THE NW COR
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(888) 611-3912
Listed By:
Geoff Cavender · License #RB17002203
(574) 527-1651
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 10 at 12:06AM
MLS# 202641819
Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. 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 two-story duplex contains 1,360 square feet and was built in 1900. The upstairs unit has been remodeled; the property also includes a basement and a yard. The parcel measures 0.19 acres, and the building has a history as a rental property.
Located at 108 N Washington Street in Pierceton, Indiana, the property has carpet flooring and a shingle roof.
Located at 108 N Washington Street in Pierceton, Indiana, the property has carpet flooring and a shingle roof.
Key Highlights
- Upstairs unit remodeled
- 1,360‑square‑foot duplex built in 1900
- 0.19‑acre parcel with a yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,319
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,380
$206.4K
Cap Rate 7%
$147,414
$147.4K
Cap Rate 9%
$114,656
$114.7K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$19.6K $14.40/SF
− Vacancy
−$823 −$0.60/SF
EGI
$18.8K $13.80/SF
− OpEx
−$8.4K −$6.21/SF
NOI
$10.3K $7.59/SF
Area
Kosciusko County, IN
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,380
Cap Rate 7%
$147,414
Cap Rate 9%
$114,656
Alternative Uses
Best Use
Multifamily LT 5
$164.5K
$144.0K – $192.0K
NOI $11,517 @ 7.0% cap · market cap 10.01%
Second Best
Apartment 5plus
$147.4K
$129.0K – $172.0K
NOI $10,319 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$236.9K
$207.3K – $276.4K
NOI $16,585 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Explore this area
Business Placement
Demographics for 46562, IN
4,718
Population
2,593
Households
1.8
Avg Household Size
42
Median Age
14%
College-Educated
85%
High-School Grad
60.3 sq mi
ZIP Area
78
Density / Sq Mi
$61,599
Median Household Income
$39,271
Median Earnings
$795
Median Rent
$185,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - The upper residence has been remodeled, and the property includes a basement and yard.
Where is this duplex located?
The property is located at 108 N Washington Street Pierceton, IN.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Upstairs unit remodeled; 1,360‑square‑foot duplex built in 1900; 0.19‑acre parcel with a yard
