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Furnished Duplex with Private Patios
New
For Sale
$369,900

701-703 N College Avenue, Rensselaer, IN 47978

Residential Income, Rensselaer, IN

Property SizeContact for details
Lot Size0.18 Acres
Days on Market2

Property Features for 701-703 N College Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Residential
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1
Parking features Garage, Driveway, Open
Patio and Porch features Patio
Pets allowed Yes
Interior features Ceiling Fan(s)
Exterior features Private Yard
Appliances Dryer, Washer, Refrigerator, Microwave, Gas Water Heater, Gas Range, Dishwasher
Subdivision Thompsons Add
Lot features Corner Lot, Rectangular Lot, Landscaped
Elementary school district Rensselaer Central
Middle school district Rensselaer Central
High school district Rensselaer Central
Directions Home is located on the Northeast corner of Hwy 114 (Clark Street) and North College Avenue.
Standard status Active
APN 370719001005002027
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description THOMPSONS ADD PT S 110' LOT 1 BLK 1; AND THOMPSONS ADD 16.50' SW COR PT S 110' LOT 1 BLK 1
Tax Annual Amount 1990
Legal Description THOMPSONS ADD PT S 110' LOT 1 BLK 1; AND THOMPSONS ADD 16.50' SW COR PT S 110' LOT 1 BLK 1

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Amenities

private patio
heated bathroom floors
fully-applianced kitchen

Building Details

Year built 2012
Floors in Building 1
Listing Agency: Jenkins Real Estate, Inc.
Listed By: Noelle Weishaar · License #RB14033296
Added: Aug 20 Last Checked: Aug 21 at 1:06AM
MLS# 844081

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. 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.

Built in 2012, this duplex contains two furnished residences, each with a living room, dining area, kitchen, bathroom, two bedrooms, and an attached one-car garage. Both units include appliances, tiled bathrooms with heated floors, and individual patio areas. Natural gas forced-air heating, public water, and public sewer serve the property.

The building occupies a 0.184-acre corner lot at 701-703 N College Avenue in Rensselaer, with access to the I-65 and SR 114 corridor. Exterior amenities include private yard space, patios, driveway parking, and open parking. The property also includes a washer, dryer, refrigerator, microwave, gas range, dishwasher, and gas water heater.

Key Highlights

  • Two‑unit duplex built in 2012
  • 0.184‑acre corner lot in Rensselaer
  • Each unit includes 2 bedrooms and a 1‑car attached 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 - Two furnished units offer separate patios, attached garages, appliances, and heated bathroom floors.
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 built in 2012; 0.184‑acre corner lot in Rensselaer; Each unit includes 2 bedrooms and a 1‑car attached garage
More about this property
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