Multifamily Property with
New
For Sale
$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 Market2
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 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 7, Basement, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 5
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
APN
43-11-08-400-466.000-032
Size
5,558 SF
Lot size
0.20 Acres
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
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
Last Checked: Sep 15 at 12:06AM
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.
Investment Insights
Based on property information with market context.
This 5,558-square-foot multifamily property on 0.2 acres includes three apartments and a separate garage/workshop unit with office space. Apartment A offers four bedrooms and two baths following a stud-to-stud remodel in 2020, with updated plumbing and electrical, a 2023 rear deck, and a primary suite with direct deck access. Apartment B has one bedroom and one bath, while Apartment C includes two bedrooms, one bath, a jetted tub, and flooring added in 2021. Each apartment has a sizable kitchen and its own washer and dryer.
The fourth unit measures 40 by 30 feet and features 15-foot ceilings, a 12-foot overhead door, and two offices. A partial roof replacement was completed in 2021, and the sewer line was replaced in 2022. All three apartments are currently rented, with utilities billed back to tenants. The property is within walking distance of downtown Warsaw, Central Park, and Center Lake, and reports a CAP rate over 12%.
The fourth unit measures 40 by 30 feet and features 15-foot ceilings, a 12-foot overhead door, and two offices. A partial roof replacement was completed in 2021, and the sewer line was replaced in 2022. All three apartments are currently rented, with utilities billed back to tenants. The property is within walking distance of downtown Warsaw, Central Park, and Center Lake, and reports a CAP rate over 12%.
Key Highlights
- Three apartments plus a 40' x 30' garage/workshop unit
- 5,558 square feet on a 0.2‑acre parcel
- Apartment A remodeled to the studs in 2020 with updated plumbing and electrical
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
665
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three apartments accompany a garage/workshop with offices, storage, and 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 apartments plus a 40' x 30' garage/workshop unit; 5,558 square feet on a 0.2‑acre parcel; Apartment A remodeled to the studs in 2020 with updated plumbing and electrical
