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12-Unit Apartment Building
New
For Sale
$499,900

121 E Quincy Street, Garrett, IN 46738

COMMERCIAL, Garrett, IN

Property SizeContact for details
Lot Size0.07 Acres
Days on Market5

Property Features for 121 E Quincy Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description 67-Commercial
Rooms Basement
Parking features Off Street
Directions GPS 121 E Quincy St in Garrett
Subdivision Dekalb County
Standard status Active
APN 17-09-03-105-014.000-013
Lot size 0.07 Acres

Taxes and HOA fees

Tax Description Op
Tax Annual Amount 4480
Legal Description Op

Building Details

Year built 1900
Flooring type Tile
Listing Agency: Weichert Realtors - Hoosier Heartland
Listed By: Trey Forbes · License #RB14050149
Added: Sep 28 Last Checked: Oct 2 at 2:06AM
MLS# 202640209

Copyright © 2026 Northeastern 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.

Investment Insights

Based on property information with market context.

This 12-unit apartment property at 121 E Quincy Street in Garrett was built in 1900 and occupies a 0.07-acre site. The building includes a basement, tile flooring, and off-street parking. It is being sold as-is and requires substantial rehabilitation.

Occupancy is 58.33%. The property is in an Opportunity Zone and is described as close to downtown amenities and local schools.

Key Highlights

  • 12 apartment units on a 0.07‑acre site
  • Current occupancy: 58.33%
  • Built in 1900

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service Big Box & Wholesale Store Electrical Service

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

12
Residential units
58.3%
Occupancy

Location Intelligence

Trade Area within ½ mile

207
Businesses Nearby

Demographics for 46738, IN

8,183
Population
3,756
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
90%
High-School Grad
26.0 sq mi
ZIP Area
315
Density / Sq Mi
$62,212
Median Household Income
$37,137
Median Earnings
$855
Median Rent
$156,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Offered in its current condition, the property requires substantial rehabilitation.
Where is this apartment building located?
The property is located at 121 E Quincy Street Garrett, 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: 12 apartment units on a 0.07‑acre site; Current occupancy: 58.33%; Built in 1900
More about this property
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