Multifamily

Garrett, IN Multifamily Properties for Sale

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Fully Renovated Duplex for Income
Updated: Mar 6
Fully Renovated Duplex for Income

200 E King Street, Garrett, IN 46738

$167,900
2,152 sqft 0.06 AC lot
Fully renovated duplex built in 1960 with two 2‑bedroom, 1‑bath units
Both units are currently vacant, offering flexibility to set market rents, choose tenants, or live in one unit
Utilities are separately metered for added convenience
Lower unit includes in‑unit laundry
Central air cooling; flooring includes vinyl and carpet
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Three-Unit Brick Triplex
Updated: Jun 25
Three-Unit Brick Triplex

110 S Cowen Street, Garrett, IN 46738

$220,000
2,272 sqft 0.14 AC lot
Triplex brick home in DeKalb County with 3 units: one 3BR/1BA and two 1BR/1BA units
Monthly rents: Unit 1 $975 (vacant for showings), Unit 2 $685 (month‑to‑month), Unit 3 $675 (lease expires 1/31/27)
RUBS utilities: each unit pays water/sewer/trash; shared setup includes 1 water/sewer meter and 3 electric meters
Heating: Unit 1 has a gas furnace (1 gas meter); Units 2 and 3 use electric baseboard heat
Each unit includes a stove and refrigerator; basement access is from the exterior
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Historic Bar and Two-Unit Property
Historic Bar and Two-Unit Property

118 N Peters Street, Garrett, IN 46738

$599,999
0.07 AC lot

Turnkey bar ownership with a new walk-in cooler, sound system, and two 2-bedroom residential apartments on additional lots.

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Brick Triplex Investment Property
Brick Triplex Investment Property

110 South Cowen Street, Garrett, IN 46738

$220,000
2,272 sqft

Three-unit brick triplex with separate electric meters and basement exterior access, configured with stove and refrigerator in each unit.

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Downtown Rented Triplex
Downtown Rented Triplex

217 W 2nd, Garrett, IN 46738

Contact for pricing

Three-unit triplex is fully rented, with recent updates to the units, and is offered sold as-is.

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Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 5 Active listings in Garrett, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 9 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Top-Bottom Duplex Income Property
Top-Bottom Duplex Income Property

334 W 5Th Street, Auburn, IN 46706

$185,000
1,748 sqft 0.10 AC lot

Top unit is vacant and ready to occupy, while bottom unit is leased through April 2027.

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Kendallville Age-Restricted Apartment Community
Kendallville Age-Restricted Apartment Community

1320 Knoll Crest Dr., Kendallville, IN 46755

$9,350,000
63,900 sqft

74-unit multifamily property for sale in Kendallville, Indiana.

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Updated Duplex with In-Unit Laundry
Updated Duplex with In-Unit Laundry

334 W 9th Street, Auburn, IN 46706

$229,900
1,846 sqft 0.18 AC lot

Two-unit duplex with remodeled bathrooms and in-unit washer/dryer in each unit, plus a one-car garage.

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Corner Lot Triplex with Off-Street Parking
Corner Lot Triplex with Off-Street Parking

403 North Main Street, Kendallville, IN 46755

$229,000
2,601 sqft

Triplex on a corner lot with off-street parking; tenant pays electric and seller covers water-sewer and garbage.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Wooded Homesite in Wheatfield, Indiana
Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing
0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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Expansive Land with Development Potential
Expansive Land with Development Potential

VL N Fleming Road, Fowlerville, MI 48836

$6,900,000
354.27 AC lot

350+ acres of prime land with two scenic lakes.

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University Park Developable Land
University Park Developable Land

976 Mesa Court, University Park, IL 60484

Contact for pricing
3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Residential Land in Mount Gilead
Residential Land in Mount Gilead

7326 State Route 19, Mount Gilead, OH 43338

Contact for pricing
0.40 AC lot

Land available in Mount Gilead with lake amenities.

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Off-Market Properties in Garrett, IN

Consider similar Off-Market properties in Garrett, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

111 Keyser St
APARTMENT HOUSE (UNDER 5 UNITS)

111 Keyser St, Garrett, IN 46738-1462

Value Estimation by Request
750 sqft 0.02 AC lot
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109 111th E King St
APARTMENT HOUSE (UNDER 5 UNITS)

109 111th E King St, Garrett, IN 46738

Value Estimation by Request
5,768 sqft 0.03 AC lot
View details
411 Quincy St
APARTMENT HOUSE (UNDER 5 UNITS)

411 Quincy St, Garrett, IN 46738-1149

Value Estimation by Request
2,400 sqft 0.10 AC lot
View details
119 Lee St
APARTMENT HOUSE (UNDER 5 UNITS)

119 Lee St, Garrett, IN 46738-1147

Value Estimation by Request
4,160 sqft 0.21 AC lot
View details
1601 Quincy St
APARTMENT HOUSE (UNDER 5 UNITS)

1601 Quincy St, Garrett, IN 46738-1238

Value Estimation by Request
2,904 sqft 0.16 AC lot
View details
111 Franklin St
APARTMENT HOUSE (UNDER 5 UNITS)

111 Franklin St, Garrett, IN 46738-1146

Value Estimation by Request
2,728 sqft 0.07 AC lot
View details
212 Randolph St
APARTMENT HOUSE (UNDER 5 UNITS)

212 Randolph St, Garrett, IN 46738-1470

Value Estimation by Request
3,591 sqft 0.07 AC lot
View details
52 Edgewater N Dr
MOBILE HOME PARK, TRAILER PARK

52 Edgewater N Dr, Garrett, IN 46738-9612

Value Estimation by Request
37.04 AC lot
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5760 County Rd 327
MOBILE HOME PARK, TRAILER PARK

5760 County Rd 327, Garrett, IN 46738-9746

Value Estimation by Request
5.39 AC lot
View details

Garrett, IN Multifamily Properties Market Trends and Statistics

Explore 14 multifamily properties for sale in Garrett, IN, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 6,696 square feet of properties for sale, with an estimated market value of $1,207,899.

Sale prices for multifamily properties in Garrett, IN start at $167,900, averaging $301,974, and reaching up to $599,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Triplexes 3
Duplexes 2

Demographics Overview

Population 8,462
Population Growth (5Y) -1.0%
Median Household Income $62,212
College Educated 20.8%

High-Yield Neighborhoods for Investment

Identify Garrett submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
46738 $331.6K

Taxes & Financing

Tax Rate (average for all types) 2.29%
Property Tax per SF $29.39 per SF
Tax Rate vs County Average 0.47 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in DeKalb County

New Delisted

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