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    Corner Lot Duplex with 4 Bedrooms Title is generated by Realmo AI

    303 W Main Street, Syracuse, IN 46567

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    For Sale
    $225,000

    Duplex - Syracuse, IN

    Type:Duplex
    Property size:
    1,800 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $125/SF
    Added:
    Jun 25, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 26 at 5:06 pm

    Property Features for 303 W Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Laundry
    EntryLevel
    Combined
    Exterior features
    Basement, Shed
    Basement Y/N
    1
    Appliances
    Range
    Standard status
    Active
    APN
    43-04-06-200-317.000-026
    Size
    1,800 SF
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Vinyl
    Architectural style
    Other
    Additional Structures
    Packing Shed, Shed(s)

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    Contact an agent
    Mckenzie Click

    Listing agent Mckenzie Click

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

    Listing date Jun 25, 2026

    MLS# 202625108 Listing URL

    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.

    HighLights

    • Duplex in downtown Syracuse with 4 bedrooms and 2.5 bathrooms
    • Basement with laundry included in the home layout
    • Central air and forced‑air heating
    • Corner lot location
    • Includes range appliance
    • Features shed and vinyl and carpet flooring

    Overview

    This duplex offers a total of 4 bedrooms and 2.5 bathrooms across 1,800 square feet, situated on a corner lot totaling 0.18 acres. The property is configured as an income-producing residence, with long-term tenants already in place, providing immediate occupancy based on the current status described in the remarks.

    The home is located in downtown Syracuse, providing convenient access to local shops, restaurants, parks, and the broader downtown area. Its Main Street address also supports straightforward day-to-day accessibility for residents and visitors.

    For investors or owner-operators seeking a multifamily asset within walking-friendly downtown surroundings, this duplex presents a practical starting point with a modest bedroom-and-bath layout. With tenants currently in place, it may appeal to buyers looking for an occupied property option, while the corner lot setting adds additional outdoor space relative to a standard lot configuration.

    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 $22.7k $12.60
    − Vacancy −$905 −$0.50
    EGI $21.8k $12.10
    − OpEx −$6.5k −$3.63
    NOI $15.2k $8.47
    1,800 SF · lease $12.60/SF/yr · vacancy 3.99% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $217.8K
    $190.5K – $254.1K (±1% cap)
    NOI $15,243 @ 7.0% cap · market cap 6.77%
    Second Best
    Apartment 5plus
    $195.1K
    $170.7K – $227.6K (±1% cap)
    NOI $13,657 @ 7.0% cap · market cap 6.07%
    Theoretical Best
    Office A
    $313.6K
    $274.4K – $365.9K (±1% cap)
    NOI $21,951 @ 7.0% cap · market cap 9.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Kosciusko
    State
    Indiana
    Longitude
    -85.753936
    Latitude
    41.426918

    FAQs

    What type of property is this?
    Duplex - Duplex on a corner lot with 4 bedrooms and 2.5 bathrooms, currently occupied by long-term tenants.
    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: Duplex in downtown Syracuse with 4 bedrooms and 2.5 bathrooms; Basement with laundry included in the home layout; Central air and forced‑air heating
    More about this property
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