Two-Unit Duplex with
For Sale
$185,000
410 E Winona Ave, Warsaw, IN 46580
Separate utility meters and laundry hookups serve both residences.
Property Size1,848 SF
Price / SF$100.11
Days on Market13
Property Features for 410 E Winona Ave
General Information
Standard status
Active
Size
1,848 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$3,675
Amenities
enclosed front porch
basement storage
washer/dryer hookups
Building Details
Buildings
1
Stories
2
Listing Agency:
RE/MAX Results
Listed By:
James Bausch · License #RB15000093
(574) 742-4531
Source:
Exprealty
Added: Oct 21
Changed: Nov 1
Last Checked: Nov 1 at 3:38PM
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 RE/MAX Results
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Investment Insights
Based on property information with market context.
This 1,848-square-foot duplex contains two residences. The main-level unit has two bedrooms, one bathroom, tall ceilings, floor-to-ceiling windows, built-in shelving, and an enclosed front porch. Basement storage and a two-car garage are also part of the property.
The upper unit offers one bedroom, one bathroom, a separate exterior entrance near the garage, and its own washer and dryer hookups. Both units have separate utility meters, and the upper residence has recently received fresh paint.
The upper unit offers one bedroom, one bathroom, a separate exterior entrance near the garage, and its own washer and dryer hookups. Both units have separate utility meters, and the upper residence has recently received fresh paint.
Key Highlights
- 1,848‑square‑foot duplex with two separate residences
- Main‑level unit has 2 bedrooms and 1 bathroom
- Upper unit has 1 bedroom, 1 bathroom, and a separate 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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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
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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 Ave 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: 1,848‑square‑foot duplex with two separate residences; Main‑level unit has 2 bedrooms and 1 bathroom; Upper unit has 1 bedroom, 1 bathroom, and a separate exterior entrance
