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Well-Maintained Triplex For Sale

303 N Harrison Street Syracuse, IN 46567

303 N Harrison Street, Syracuse, IN, 46567
$325,000
Pending
For Sale
Claim this Listing
$325,000
Pending

MULTI_FAMILY - Syracuse, IN

Property Size1,920 SF
Lot Size0.04 Acres
AddedApr 14
Days on Market93
Last RefreshJul 15 at 12:06 am

Property Features for 303 N Harrison Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Rooms
Bedroom 4, Basement, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 1
Parking
8
Parking features
Off Street
Fireplace
1
Standard status
Pending
APN
43-04-05-300-484.000-026
Size
1,920 SF
Lot size
0.04 Acres

Taxes and HOA fees

Tax Year
2026
Tax Description
LOT 59 S & W 2nd ADD
Tax Annual Amount
1500

Utilities

Cooling system
Central Air

Building Details

Year built
1910
Floors in Building
2
Number of units
3
Flooring type
Laminate, Carpet, Vinyl, Wood
Roof type
Asphalt
Architectural style
Other

Listing agent Mckenzie Click

Listing office Listing Leaders, NCI-Culver 535 S Main Street, Culver, IN

Listing date Apr 14, 2026

MLS# 202613019

Copyright © 2026 North Central 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 well-maintained triplex offers three independently rented units within a total building size of 1,920 square feet. Unit 1 includes updated A/C. All three units have new refrigerators and stoves. The main water lines have been updated, and new exterior stairs have been added to provide access to Unit 3. Tenants in Units 1 and 2 own their washer/dryers, which are not included in the sale, while Unit 3 includes seller-owned appliances that will convey. Tenants are also using the garage as storage.

The property is located at 303 N Harrison Street in Syracuse, Indiana, in Kosciusko County. Public remarks indicate the home is just minutes from downtown Syracuse and the community center.

For buyers seeking a turnkey, occupied residential income property, this triplex is currently fully rented, offering immediate rental status at the time of sale. The recent updates to major building systems and in-unit appliances may reduce near-term turnover costs associated with appliances, and the updated exterior stair access supports continued practical use of Unit 3. Washer/dryer details should be noted during due diligence, particularly that Units 1 and 2 have tenant-owned units not included with the sale.

Key Highlights

  • Fully rented triplex with all 3 units currently occupied for immediate rental income
  • Unit 1 has updated A/C; central air is available and the home was built in 1910
  • All units include new refrigerators and stoves; Unit 3 includes seller‑owned appliances that will convey

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 $24.2k $12.60
− Vacancy −$965 −$0.50
EGI $23.2k $12.10
− OpEx −$7.0k −$3.63
NOI $16.3k $8.47
1,920 SF · lease $12.60/SF/yr · vacancy 3.99% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$232.3K
$203.2K – $271.0K (±1% cap)
NOI $16,259 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$208.1K
$182.1K – $242.8K (±1% cap)
NOI $14,568 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$334.5K
$292.7K – $390.3K (±1% cap)
NOI $23,415 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

HVAC Service Electrical Service Plumbing Service Big Box & Wholesale Store Garden Center Barber Shop Catering Service Skin Care Clinic Computer & Electronic Repair Butcher

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

FAQs

What type of property is this?
Triplex - All three units are currently rented, with updates including new stoves and refrigerators across the property.
Where is this triplex located?
The property is located at 303 N Harrison Street Syracuse, IN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Fully rented triplex with all 3 units currently occupied for immediate rental income; Unit 1 has updated A/C; central air is available and the home was built in 1910; All units include new refrigerators and stoves; Unit 3 includes seller‑owned appliances that will convey
Contact an agent
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