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Occupied Triplex with Updated Systems
For Sale
$165,000

691 West Hill Street, Wabash, IN 46992

Three-unit residential property with established tenancy, private laundry, and recent roof and water-line improvements.

Property Size3,450 SF
Price / SF$47.83
Days on Market115

Property Features for 691 West Hill Street

General Information

Standard status Active
Size 3,450 SF
Property subtype Multi Family / Triplex
Occupancy 100%

Units

Unit Mix 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $1,828

Amenities

on-site laundry
Wall AC
2
Yes
Carpet, Laminate
3
Electricity, Gas, Forced Air
Block
1
Crawl, Partial Basement
5
No
Aluminum
Basement
Metal

Building Details

Year Built 1910
Buildings 1
Units 3
Listing Agency: Keller Williams Indy Metro NE
Listed By: Angelina Sims · License #RB16000889
Source: Compass
Added: May 9 Changed: Aug 30 Last Checked: Aug 30 at 11:56PM

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 Keller Williams Indy Metro NE

Investment Insights

Based on property information with market context.

This 3,450-square-foot triplex, built in 1910, contains two two-bedroom, one-bath units and one one-bedroom, one-bath unit. All three units are occupied, with tenants reported in place for more than five years. On-site laundry serves the property, while wall AC and a crawl space with partial basement are among the existing features.

Recent property work includes installation of a metal roof and replacement of the main water line. The building is located at 691 West Hill Street in Wabash, Indiana. Its three-unit configuration, established tenancy, and documented updates provide a clear overview for buyers evaluating a residential income property.

Key Highlights

  • Three‑unit triplex totaling 3,450 square feet
  • Unit mix includes two 2 bed/1 bath units and one 1 bed/1 bath unit
  • Fully occupied with tenants in place for 5+ years

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office HVAC Service Spa & Massage Center Parking Lot & Garage Big Box & Wholesale Store Furniture & Home Goods

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

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

347
Businesses Nearby

Demographics for 46992, IN

16,183
Population
7,654
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
92%
High-School Grad
163.2 sq mi
ZIP Area
99
Density / Sq Mi
$65,500
Median Household Income
$39,378
Median Earnings
$697
Median Rent
$141,800
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?
Triplex - Three-unit residential property with established tenancy, private laundry, and recent roof and water-line improvements.
Where is this triplex located?
The property is located at 691 West Hill Street Wabash, IN.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Three‑unit triplex totaling 3,450 square feet; Unit mix includes two 2 bed/1 bath units and one 1 bed/1 bath unit; Fully occupied with tenants in place for 5+ years
More about this property
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