Multifamily Property with
For Sale
Under Contract
$350,000
415 N Washington Street, Warsaw, IN 46580
INVESTMENT, Two Story, Warsaw, IN
Property Size5,558 SF
Lot Size0.20 Acres
Price / SF$62.97
Days on Market51
Property Features for 415 N Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 3, Bedroom 4, Basement, Bedroom 7, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Parking
8
Basement
Block
Subdivision
Hood & Britton
Lot features
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 N Detroit St, turn right onto E Ft Wayne St, turn right onto N Washington St, property is on the left.
Standard status
Active Under Contract
APN
43-11-08-400-466.000-032
Size
5,558 SF
Lot size
0.20 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Description
4-42-143 LOT 364 HOOD & BRITTON ADD AKA CITY OF WARSAW
Tax Annual Amount
2466
Legal Description
4-42-143 LOT 364 HOOD & BRITTON ADD AKA CITY OF WARSAW
Utilities
Cooling system
Heat Pump
Amenities
in-unit washer/dryer
back deck
jetted tub
Building Details
Year built
1890
Floors in Building
2
Number of units
4
Flooring type
Vinyl
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Results · RE/MAX International
(574) 269-6911
Listed By:
James Bausch · License #RB15000093
(574) 742-4531
Added: Sep 14
Changed: Oct 24
Last Checked: Nov 3 at 6:06PM
MLS# 202637922
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 5,558-square-foot multifamily property contains three residential apartments and a separate 40-by-30-foot workshop and garage with office space. Apartment A includes four bedrooms and two baths and was fully remodeled in 2020 with updated plumbing and electrical; its improvements also include a 2023 rear deck and a newly installed mini-split. Apartment B offers one bedroom and one bath, while Apartment C has two bedrooms, one bath with a jetted tub, and flooring installed in 2021. Each apartment includes a kitchen with substantial cabinetry and its own washer and dryer.
The workshop unit has 15-foot ceilings, a 12-foot overhead door, and two offices. The 0.2-acre property is located at 415 N Washington Street in Warsaw, within walking distance of downtown amenities, Central Park, and Center Lake. Additional work includes a partial roof replacement in 2021 and a sewer line installed in 2022. All three apartments are rented, utilities are billed back to tenants, and the property reports a CAP rate over 12%.
The workshop unit has 15-foot ceilings, a 12-foot overhead door, and two offices. The 0.2-acre property is located at 415 N Washington Street in Warsaw, within walking distance of downtown amenities, Central Park, and Center Lake. Additional work includes a partial roof replacement in 2021 and a sewer line installed in 2022. All three apartments are rented, utilities are billed back to tenants, and the property reports a CAP rate over 12%.
Key Highlights
- Three residential apartments plus a 40'x30' garage/workshop with office space
- 5,558 square feet on a 0.2‑acre parcel at 415 N Washington Street
- Apartment A remodeled down to the studs in 2020 with updated plumbing and electrical
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
665
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?
Multifamily property - Three apartments and a workshop unit support diversified rental use with tenant-paid utilities.
Where is this multifamily property located?
The property is located at 415 N Washington Street Warsaw, IN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three residential apartments plus a 40'x30' garage/workshop with office space; 5,558 square feet on a 0.2‑acre parcel at 415 N Washington Street; Apartment A remodeled down to the studs in 2020 with updated plumbing and electrical
