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Four-Unit Apartment Building

480 W 400 N, Jasper, IN 47546

For Sale
$299,900

The one-bedroom residences include shared coin-operated laundry and basement storage.

Property Size3,328 SF
Lot Size2.62 Acres
Price / SF$90.11
Days on Market15

Property Features for 480 W 400 N

General Information

Standard status Active
Size 3,328 SF
Lot size 2.62 Acres
Property subtype Multi-Family
Occupancy 75%

Units

Unit Mix 4 x 1BR/1BA
Multifamily Units 4

Additional Details

Tenant in Place Yes

Amenities

screened in porch
basement for storage
coin operated washer and dryer

Building Details

Year Built 1968
Buildings 1
Listing Agency: SELL4FREE-WELSH REALTY CORPORATION
Listed By: Gary Schnell · License IN RB14046630
Source: Fortwayneareahomesforsale
Added: Oct 26 Changed: Nov 8 Last Checked: Oct 30 at 1:27PM

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 SELL4FREE-WELSH REALTY CORPORATION

Rey
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Investment Insights

Based on property information with market context.

On Jasper’s north side, this 3,328-square-foot fourplex occupies a 2.62-acre parcel. All four apartments have one bedroom and one bathroom; three are leased, while the fourth is vacant. A lower-level apartment has a screened porch, and basement space provides storage. Recent work includes flooring in two units, paint, light fixtures, and a garbage disposal.

The property is minutes from shopping and restaurants. Parking serves residents and visitors. Included appliances comprise four ranges, four refrigerators, four microwaves, four window air-conditioning units, and a coin-operated washer and dryer.

Key Highlights

  • 3,328‑square‑foot fourplex on a 2.62‑acre parcel
  • Four one‑bedroom, one‑bathroom units; three leased and one vacant
  • Coin‑operated washer and dryer included

Property Analytics

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Lease Details

4
Residential units
75%
Occupancy

Location Intelligence

Trade Area within ½ mile

2
Businesses Nearby

Demographics for 47546, IN

22,445
Population
10,080
Households
2.2
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
121.6 sq mi
ZIP Area
185
Density / Sq Mi
$67,806
Median Household Income
$41,824
Median Earnings
$767
Median Rent
$232,300
Median Home Value
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - The one-bedroom residences include shared coin-operated laundry and basement storage.
Where is this quadplex located?
The property is located at 480 W 400 N Jasper, IN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 3,328‑square‑foot fourplex on a 2.62‑acre parcel; Four one‑bedroom, one‑bathroom units; three leased and one vacant; Coin‑operated washer and dryer included
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