Four-Unit Residential
New
For Sale
$325,000
407 Wooster Road, Winona Lake, IN 46590
INVESTMENT, Two Story, Winona Lake, IN
Property Size4,047 SF
Lot Size0.29 Acres
Price / SF$80.31
Days on Market2
Property Features for 407 Wooster Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 4, Basement, Bedroom 3, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 5, Bathroom 4, Bathroom 1, Bedroom 2
Parking
8
Basement
Block
Subdivision
Farmstead
Lot features
0-2.9999
Elementary school
Jefferson
Middle school
Edgewood
High school
Warsaw
Elementary school district
Warsaw Community
Middle school district
Warsaw Community
High school district
Warsaw Community
Directions
From Winona Ave, heading E, take the second exit on the roundabout onto Kings Hwy. At the stop sign, turn left. Property is on the left.
Standard status
Active
APN
43-11-15-400-256.000-033
Size
4,047 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
6-70-15 LOT 24 FARMSTEAD ADD
Tax Annual Amount
980
Legal Description
6-70-15 LOT 24 FARMSTEAD ADD
Utilities
Cooling system
Central Air
Building Details
Year built
1948
Floors in Building
2
Number of units
4
Flooring type
Carpet, Finished, Wood
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Results · RE/MAX International
(574) 269-6911
Listed By:
James Bausch
(574) 742-4531
Added: Oct 19
Last Checked: Oct 20 at 8:06AM
MLS# 202643295
Copyright © 2026 Kosciusko Board of Realtors MLS. 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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Investment Insights
Based on property information with market context.
This 4,047-square-foot residential property contains four units on a 0.29-acre lot. The main residence has two bedrooms and 1.5 bathrooms, with hardwood floors, a fireplace, built-in bookshelves, a separate dining room, and a kitchen. Three additional apartments each have one bedroom and one bathroom; they are located in the walkout lower level and above the garages. The property also includes a two-bay garage and a breezeway. Built in 1948, it has central air conditioning.
Grace College is across the street, and the Village at Winona, with restaurants, shopping, and entertainment, is within walking distance. Walking and biking trails are at the edge of campus. Two units are currently vacant. Tenants pay their own electricity, while the landlord covers the other utilities.
Grace College is across the street, and the Village at Winona, with restaurants, shopping, and entertainment, is within walking distance. Walking and biking trails are at the edge of campus. Two units are currently vacant. Tenants pay their own electricity, while the landlord covers the other utilities.
Key Highlights
- Four residential units: one 2‑bedroom, 1.5‑bath residence and three 1‑bedroom, 1‑bath apartments
- 4,047 square feet on a 0.29‑acre lot
- Two‑bay garage and breezeway
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 - Three one-bedroom apartments accompany a two-bedroom, 1.5-bath main residence.
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 residential units: one 2‑bedroom, 1.5‑bath residence and three 1‑bedroom, 1‑bath apartments; 4,047 square feet on a 0.29‑acre lot; Two‑bay garage and breezeway
