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Newly Built Apartment Building
New
For Sale
$725,000

601 S Burson St, Winamac, IN 46996

Six-unit apartment property with varied layouts, full appliance packages, and dedicated paved parking for residents.

Property Size5,872 SF
Price / SF$123.47
Days on Market6

Property Features for 601 S Burson St

General Information

Standard status Active
Size 5,872 SF

Units

Unit Mix 4 x 2BR, 2 x 2BR/2BA
Multifamily Units 6
Parking per Unit 2

Building Details

Year Built 2023
Buildings 3
Listing Agency: RE/MAX Select Realty
Listed By: Lisa Malchow · License #RB16001784
Source: Realtopiare
Added: Aug 25 Changed: Aug 28 Last Checked: Aug 29 at 12:10PM

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 Select Realty

Investment Insights

Based on property information with market context.

Completed in 2023, this apartment property contains six residences arranged across three duplex buildings. Four residences are single-story two-bedroom units, while the remaining duplex provides two-story layouts with two bedrooms and two bathrooms per unit. Each residence includes a refrigerator, range, microwave, dishwasher, and washer and dryer, along with two paved parking spaces.

The property is located at 601 S Burson St in Winamac, near a school, the Panhandle Pathway trail, the town park, and downtown. Its combination of recently constructed improvements, consistent two-bedroom layouts, in-unit appliances, and assigned paved parking creates a clearly defined multifamily offering.

Key Highlights

  • Six apartment units across three duplex buildings
  • Constructed in 2023
  • Four single‑story two‑bedroom residences

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Storage Facility Carpet & Flooring Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

299
Businesses Nearby

Demographics for 46996, IN

6,830
Population
3,053
Households
2.2
Avg Household Size
44
Median Age
17%
College-Educated
92%
High-School Grad
189.3 sq mi
ZIP Area
36
Density / Sq Mi
$60,287
Median Household Income
$40,014
Median Earnings
$690
Median Rent
$138,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit apartment property with varied layouts, full appliance packages, and dedicated paved parking for residents.
Where is this apartment building located?
The property is located at 601 S Burson St Winamac, IN.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Six apartment units across three duplex buildings; Constructed in 2023; Four single‑story two‑bedroom residences
More about this property
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