4-Unit
New
For Sale
$325,000
407 Wooster Road, Winona Lake, IN 46590
Two residences are vacant, providing flexibility for owner occupancy or tenant placement.
Property Size4,047 SF
Price / SF$80.31
Days on Market5
Property Features for 407 Wooster Road
General Information
Standard status
Active
Size
4,047 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1.5BA, 3 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1948
Listing Agency:
Jessica Jordan, Rochester Realty, LLC
Listed By:
Patton Hall
(574) 267-7501
Source:
Pattonhall
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 6:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jessica Jordan, Rochester Realty, LLC
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Investment Insights
Based on property information with market context.
This 4,047-square-foot quadplex, built in 1948, contains four distinct residences. The main unit has two bedrooms, 1.5 bathrooms, hardwood floors, a fireplace, built-in bookshelves, a separate dining room, and a kitchen with ample cabinetry. Its dining room has also served as a third bedroom. Two one-bedroom, one-bathroom apartments occupy the walkout lower level; one has an eat-in kitchen and pantry. The fourth unit, above the garages, has an open living, dining, and kitchen area. Two of the four units are vacant. The property also includes a breezeway and two garage bays.
Grace College is directly across Wooster Road. The Village at Winona, with restaurants, shops, and entertainment, is within walking distance, and biking and walking trails are accessible at the edge of campus.
Grace College is directly across Wooster Road. The Village at Winona, with restaurants, shops, and entertainment, is within walking distance, and biking and walking trails are accessible at the edge of campus.
Key Highlights
- Four residences in a 4,047‑square‑foot building constructed in 1948
- Unit mix includes one 2‑bedroom, 1.5‑bath residence and three 1‑bedroom, 1‑bath units
- Two units are currently vacant
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
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Business Placement
Demographics for 46590, IN
5,053
Population
1,969
Households
2.6
Avg Household Size
29
Median Age
51%
College-Educated
93%
High-School Grad
2.8 sq mi
ZIP Area
1,805
Density / Sq Mi
$97,813
Median Household Income
$44,482
Median Earnings
$1,074
Median Rent
$242,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Two residences are vacant, providing flexibility for owner occupancy or tenant placement.
Where is this quadplex located?
The property is located at 407 Wooster Road Winona Lake, 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: Four residences in a 4,047‑square‑foot building constructed in 1948; Unit mix includes one 2‑bedroom, 1.5‑bath residence and three 1‑bedroom, 1‑bath units; Two units are currently vacant
