Two-Unit Duplex with
New
For Sale
$185,000
410 E Winona Avenue, Warsaw, IN 46580
INVESTMENT, Two Story, Warsaw, IN
Property Size1,848 SF
Lot Size0.21 Acres
Price / SF$100.11
Days on Market4
Property Features for 410 E Winona Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Basement, Bathroom 2, Bedroom 2, Bedroom 3
Parking
4
Parking features
Off Street
Subdivision
Runyans
Lot features
Level, 0-2.9999
Elementary school
Washington
Middle school
Edgewood
High school
Warsaw
Elementary school district
Warsaw Community
Middle school district
Warsaw Community
High school district
Warsaw Community
Directions
From IN 15, Turn Right onto E Winona Ave, turn right onto S Detroit St, turn left into the lane by Tripp Insurance parking lot, duplex is on the left
Standard status
Active
APN
43-11-08-200-041.000-032
Size
1,848 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
004-044-221 PT W 65 1/2 OF N 165' OL 2 RUNYAN & ELLIS
Tax Annual Amount
1118
Legal Description
004-044-221 PT W 65 1/2 OF N 165' OL 2 RUNYAN & ELLIS
Utilities
Cooling system
Central Air
Amenities
enclosed front porch
basement storage
washer/dryer hookups
Building Details
Year built
1870
Floors in Building
2
Number of units
2
Flooring type
Vinyl
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 21
Last Checked: Oct 24 at 7:06AM
MLS# 202643573
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 1,848-square-foot duplex contains two residences. The main-floor unit has two bedrooms, one bathroom, tall ceilings, floor-to-ceiling windows, built-in shelving, and an enclosed front porch. The upper unit has one bedroom, one bathroom, and a separate exterior entrance. Each unit has washer and dryer hookups, and the utilities are separately metered. Basement storage and a two-car garage are also included.
Built in 1870, the property sits on a 0.21-acre lot in Warsaw, Indiana. Exterior features include an asphalt roof, vinyl flooring, central air, and off-street parking.
Built in 1870, the property sits on a 0.21-acre lot in Warsaw, Indiana. Exterior features include an asphalt roof, vinyl flooring, central air, and off-street parking.
Key Highlights
- Two‑unit duplex with 1,848 square feet of living space
- Main‑level unit: two bedrooms, one bathroom, tall ceilings, and floor‑to‑ceiling windows
- Upper‑level residence includes one bedroom, one bathroom, and a private exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,649
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,980
$313.0K
Cap Rate 7%
$223,557
$223.6K
Cap Rate 9%
$173,878
$173.9K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$23.3K $12.60/SF
− Vacancy
−$929 −$0.50/SF
EGI
$22.4K $12.10/SF
− OpEx
−$6.7K −$3.63/SF
NOI
$15.6K $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%
$312,980
Cap Rate 7%
$223,557
Cap Rate 9%
$173,878
Alternative Uses
Best Use
Multifamily LT 5
$223.6K
$195.6K – $260.8K
NOI $15,649 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$200.3K
$175.3K – $233.7K
NOI $14,021 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$321.9K
$281.7K – $375.6K
NOI $22,536 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Explore this area
Business Placement
Demographics for 46580, IN
22,381
Population
8,873
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
88%
High-School Grad
71.1 sq mi
ZIP Area
315
Density / Sq Mi
$70,978
Median Household Income
$40,231
Median Earnings
$963
Median Rent
$175,700
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 - Separate utility meters and laundry hookups serve both residences.
Where is this duplex located?
The property is located at 410 E Winona Avenue Warsaw, IN.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,848 square feet of living space; Main‑level unit: two bedrooms, one bathroom, tall ceilings, and floor‑to‑ceiling windows; Upper‑level residence includes one bedroom, one bathroom, and a private exterior entrance
