Corner-Lot
303 W Main Street, Syracuse, IN 46567
For Sale
$225,000
INVESTMENT, Two Story, Syracuse, IN
Property Size1,800 SF
Lot Size0.18 Acres
Price / SF$125
Days on Market141
Property Features for 303 W Main Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Architectural style
Listing Agency:
Listing Leaders, NCI-Culver
(574) 842-4663
Listed By:
Mckenzie Click
(574) 780-8412
Added: Jun 25
Changed: Oct 28
Last Checked: Nov 12 at 9:06AM
MLS# 202625108
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story duplex contains 1,800 square feet on a 0.18-acre corner lot in downtown Syracuse. The property has four bedrooms, carpet and vinyl flooring, central air conditioning, and a basement. Long-term tenants are in place, providing current rental income.
Local shops, restaurants, and parks are nearby. The property is located at 303 W Main Street in Syracuse, Indiana.
Local shops, restaurants, and parks are nearby. The property is located at 303 W Main Street in Syracuse, Indiana.
Key Highlights
- 1,800‑square‑foot duplex with four bedrooms
- 0.18‑acre corner parcel in downtown Syracuse
- Two‑story building with basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,243
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,860
$304.9K
Cap Rate 7%
$217,757
$217.8K
Cap Rate 9%
$169,367
$169.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$22.7K $12.60/SF
− Vacancy
−$905 −$0.50/SF
EGI
$21.8K $12.10/SF
− OpEx
−$6.5K −$3.63/SF
NOI
$15.2K $8.47/SF
Area
Kosciusko County, IN
Vacancy
3.99%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,860
Cap Rate 7%
$217,757
Cap Rate 9%
$169,367
Alternative Uses
Best Use
Multifamily LT 5
$217.8K
$190.5K – $254.1K
NOI $15,243 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$195.1K
$170.7K – $227.6K
NOI $13,657 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$313.6K
$274.4K – $365.9K
NOI $21,951 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
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Business Placement
Demographics for 46567, IN
9,773
Population
5,849
Households
1.7
Avg Household Size
44
Median Age
25%
College-Educated
90%
High-School Grad
57.3 sq mi
ZIP Area
171
Density / Sq Mi
$73,277
Median Household Income
$46,327
Median Earnings
$964
Median Rent
$228,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Long-term tenants are in place, with shops, restaurants, and parks nearby in downtown Syracuse.
Where is this duplex located?
The property is located at 303 W Main Street Syracuse, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,800‑square‑foot duplex with four bedrooms; 0.18‑acre corner parcel in downtown Syracuse; Two‑story building with basement
