Four-Unit Residential Income
536 E Center Street Warsaw, IN 46580
New
536 E Center Street, Warsaw, IN, 46580
$275,000
For Sale
$275,000
MULTI_FAMILY - Warsaw, IN
Property Size2,678 SF
Lot Size0.18 Acres
Price / SF$102.69
Days on Market2
Property Features for 536 E Center Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Basement, Bathroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 5, Bathroom 1
- Parking
- 6
- Fireplace
- 1
- Basement
- Block
- Standard status
- Active
- APN
- 43-11-08-200-267.000-032
- Size
- 2,678 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 4-44-159 STP S CENTER ST 8-32-6 .18A
- Tax Annual Amount
- 1750
Building Details
- Year built
- 1895
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Mixed
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
eXp Realty, LLC
(888) 611-3912
Listed by
Geoff Cavender · License #RB17002203
(574) 527-1651
Added: Jul 20 Checked: Jul 21 at 2:06PM
MLS# 202629063
Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. 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 four-unit residential income building offers additional on-site space, including a completely new garage that is split into two units. The garage is currently used by the owner for storage, and the layout provides flexibility to support income opportunities. The property also features a basement with substantial room for storage.
Located at 536 E Center Street in Warsaw, Indiana, the building sits on approximately 0.18 acres in Kosciusko County.
With 2,678 square feet of total property size, this is a straightforward addition for buyers looking to own a small multi-family asset and leverage the existing storage and garage configuration.
Located at 536 E Center Street in Warsaw, Indiana, the building sits on approximately 0.18 acres in Kosciusko County.
With 2,678 square feet of total property size, this is a straightforward addition for buyers looking to own a small multi-family asset and leverage the existing storage and garage configuration.
Key Highlights
- 4‑unit building in Warsaw with an on‑site garage split into 2 units (recently built); garage currently used for storage.
- Basement offers extensive storage space with additional potential.
- Built in 1895 with shingle roof.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $12.60 |
| − Vacancy | −$1.3k | −$0.50 |
| EGI | $32.4k | $12.10 |
| − OpEx | −$9.7k | −$3.63 |
| NOI | $22.7k | $8.47 |
2,678 SF · lease $12.60/SF/yr · vacancy 3.99% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.0K
$283.5K – $378.0K
NOI $22,678 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$290.3K
$254.0K – $338.7K
NOI $20,319 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$466.5K
$408.2K – $544.3K
NOI $32,658 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit residential income property with a new split garage and a large basement for storage in Warsaw, Indiana.
Where is this quadplex located?
The property is located at 536 E Center Street Warsaw, IN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 4‑unit building in Warsaw with an on‑site garage split into 2 units (recently built); garage currently used for storage.; Basement offers extensive storage space with additional potential.; Built in 1895 with shingle roof.
