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Furnished Duplex with Attached Garages
For Sale
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701-703 N College Avenue, Rensselaer, IN 47978

Furnished residences include private patios, heated bathroom floors, and attached garages.

Property SizeContact for details
Days on Market9

Property Features for 701-703 N College Avenue

General Information

Standard status Active
Property subtype Multifamily, Land

Additional Details

Furnished Yes
Highway Access Yes
Multifamily Units 2

Amenities

heated floors
private patio

Building Details

Year Built 2012
Listing Agency: Jenkins, REALTORS, INC.
Listed By: Noelle Weishaar · License #RB14033296
Source: Crexi
Added: Aug 21 Changed: Aug 28 Last Checked: Aug 28 at 7:17PM

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 Jenkins, REALTORS, INC.

Investment Insights

Based on property information with market context.

Built in 2012, this furnished duplex contains two separate residences with matching layouts. Each unit includes a living room, dining area, fully applianced kitchen, tiled bathroom with heated floors, two bedrooms, and a one-car attached garage. Patio doors open to individual private outdoor patio areas, adding dedicated exterior space for both residences.

The property occupies a corner lot at 701-703 N College Avenue in Rensselaer, Indiana, just off the I-65/SR 114 corridor. Both units are furnished and have established rental income, supporting continued use while giving an owner-occupant the option to reside in one unit and rent the other. The existing configuration provides two complete residences within one property.

Key Highlights

  • Two‑unit duplex constructed in 2012
  • Both residences are furnished and generate established rental income
  • Each unit has 2 bedrooms and a 1 car att. garage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Plumbing Service Locksmith Daycare Center (Bike/Boat/Book/etc) Store Furniture & Home Goods Barber Shop

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

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

457
Businesses Nearby

Demographics for 47978, IN

10,815
Population
4,355
Households
2.5
Avg Household Size
42
Median Age
18%
College-Educated
91%
High-School Grad
263.7 sq mi
ZIP Area
41
Density / Sq Mi
$71,359
Median Household Income
$35,486
Median Earnings
$867
Median Rent
$180,900
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?
Duplex - Furnished residences include private patios, heated bathroom floors, and attached garages.
Where is this duplex located?
The property is located at 701-703 N College Avenue Rensselaer, IN.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two‑unit duplex constructed in 2012; Both residences are furnished and generate established rental income; Each unit has 2 bedrooms and a 1 car att. garage
(219) 866-5908 Call to check price and availability
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