605 N Huntington Street Syracuse, IN 46567
MULTI_FAMILY - Syracuse, IN
Property Features for 605 N Huntington Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bedroom 3, Basement, Bathroom 2, Bathroom 1
- Parking
- 3
- Standard status
- Active
- APN
- 43-04-06-200-336.000-026
- Size
- 1,278 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 8-24-98 S 1/2 LOT 41 SYRACUSE
- Tax Annual Amount
- 1360
Building Details
- Year built
- 1918
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent James Bausch License #RB15000093 (574) 742-4531
Listing office RE/MAX Results 358 Enterprise Drive, Warsaw, IN (574) 269-6911
Listing date Mar 26, 2026
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.
The property is described as being within walking distance to local shops and Syracuse Park & Beach. The units are separately metered for gas, electric, and water, with tenant-paid utilities. The owner covers sewer and trash.
Mechanical updates supported in the remarks include two newer HVAC systems and water heaters, intended to reduce near-term maintenance items. The roof is described as only a few years old. With two separate units and a setup that includes in-unit laundry in both, this duplex can fit buyers seeking a straightforward residential income property with defined utility responsibility for tenants.
Key Highlights
- Duplex built in 1918 with laminate flooring and asphalt roof.
- Main‑level unit: 1 bed/1 bath (previously used as a 2‑bedroom), with in‑unit laundry and covered front porch.
- Upstairs unit: 2 bed/1 bath with in‑unit laundry.
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 | $16.1k | $12.60 |
| − Vacancy | −$643 | −$0.50 |
| EGI | $15.5k | $12.10 |
| − OpEx | −$4.6k | −$3.63 |
| NOI | $10.8k | $8.47 |
