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    Washington, IN Residential Income Properties for Sale

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    Wheatland, IN Cannelburg, IN Bicknell, IN Plainville, IN Petersburg, IN Loogootee, IN Kentland, IN Otwell, IN
    19-Unit Multifamily Portfolio
    Updated: Dec 10, 2024
    19-Unit Multifamily Portfolio

    309 Southeast 2nd Street, Washington, IN 47501

    $1,500,000
    3,269 sqft
    19 rental units offered together as one portfolio
    Professional property manager already in place
    3,269‑square‑foot building at 309 Southeast 2nd Street
    Full unfinished basement, open porch, and off‑street parking
    Building constructed in 1890
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 25 Potential Opportunities for your consideration. Besides 1 Active listings in Washington, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 16 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.

    Two-Story Triplex with Parking
    Two-Story Triplex with Parking

    900 E Cherry Street, Petersburg, IN 47567

    $249,900
    2,316 sqft 0.25 AC lot

    Fully occupied three-unit property with appliances, updated kitchen cabinets, and off-street parking.

    View details
    Furnished Duplex with Office Area
    Furnished Duplex with Office Area

    1904 Washington Ave, Vincennes, IN 47591

    $289,900
    2,402 sqft

    Two furnished residential units accompany a flexible office area with reception, waiting room, and half bath.

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    Income-Generating Triplex Rental
    Income-Generating Triplex Rental

    900 E Cherry St, Petersburg, IN 47567

    $249,900
    2,316 sqft

    Fully occupied triplex with two 2-bedroom units and one 1-bedroom unit, plus off-street parking and in-unit appliances.

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    Twelve-Unit Apartment Building
    Twelve-Unit Apartment Building

    304 Shelby St, Vincennes, IN 47591

    $660,000

    Well-maintained 12-unit building with all units configured as 2-bedroom, 1-bath layouts.

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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.

    Residential Lot in Warren Estates
    Residential Lot in Warren Estates

    Warren Estates lot: 62, Vincennes, IN 47591

    Contact for pricing
    0.67 AC lot

    0.67 acre residential lot with utilities in Vincennes, IN.

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    Residential Land in Lakewood, Vincennes
    Residential Land in Lakewood, Vincennes

    Lakewood lot: 1, Vincennes, IN 47591

    $55,000
    1.25 AC lot

    Residential land with city services and mature wooded lots.

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    Residential Land in Vincennes, Indiana
    Residential Land in Vincennes, Indiana

    Lakewood lot: 7, Vincennes, IN 47591

    $50,000
    0.87 AC lot

    Residential land with city services and desirable amenities.

    View details
    Residential Land in Lakewood
    Residential Land in Lakewood

    Lakewood lot: 38, Vincennes, IN 47591

    $45,000
    0.88 AC lot

    Residential land with city services and wooded surroundings.

    View details

    Off-Market Properties in Washington, IN

    Consider similar Off-Market properties in Washington, 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.

    410 National Hwy
    APARTMENT HOUSE (UNDER 5 UNITS)

    410 National Hwy, Washington, IN 47501-4114

    $245,000
    Estimated value
    2,706 sqft 0.09 AC lot
    View details
    22 4th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    22 4th St, Washington, IN 47501-2904

    $255,000
    Estimated value
    5,456 sqft 0.11 AC lot
    View details
    1015 Walnut St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1015 Walnut St, Washington, IN 47501-2442

    $265,000
    Estimated value
    3,120 sqft 0.17 AC lot
    View details
    410 Van Trees St
    APARTMENT HOUSE (UNDER 5 UNITS)

    410 Van Trees St, Washington, IN 47501-2947

    $245,000
    Estimated value
    2,948 sqft 0.08 AC lot
    View details
    414416 National Hwy
    APARTMENT HOUSE (UNDER 5 UNITS)

    414416 National Hwy, Washington, IN 47501

    $235,000
    Estimated value
    1,944 sqft 0.09 AC lot
    View details
    2200 National Hwy
    APARTMENT HOUSE (UNDER 5 UNITS)

    2200 National Hwy, Washington, IN 47501-4516

    $240,000
    Estimated value
    2,970 sqft 0.44 AC lot
    View details
    125 Ml St
    APARTMENT HOUSE (UNDER 5 UNITS)

    125 Ml St, Washington, IN 47501-3670

    $270,000
    Estimated value
    5,400 sqft 0.10 AC lot
    View details
    Memorial Ave
    MOBILE HOME PARK, TRAILER PARK

    Memorial Ave, Washington, IN 47501

    $245,000
    Estimated value
    12.47 AC lot
    View details
    15 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    15 Main St, Washington, IN 47501-2983

    $255,000
    Estimated value
    3,106 sqft 0.09 AC lot
    View details
    421 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    421 Main St, Washington, IN 47501-2917

    $265,000
    Estimated value
    5,396 sqft 0.08 AC lot
    View details
    404 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    404 Main St, Washington, IN 47501-2916

    $245,000
    Estimated value
    4,290 sqft 0.05 AC lot
    View details
    7 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    7 Main St, Washington, IN 47501-2971

    $270,000
    Estimated value
    5,568 sqft 0.13 AC lot
    View details
    Countryview Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    Countryview Dr, Washington, IN 47501

    $245,000
    Estimated value
    3,379 sqft 2.22 AC lot
    View details
    108 7th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    108 7th St, Washington, IN 47501-2878

    $240,000
    Estimated value
    2,640 sqft 0.05 AC lot
    View details
    110 Es St
    APARTMENT HOUSE (UNDER 5 UNITS)

    110 Es St, Washington, IN 47501-3220

    $235,000
    Estimated value
    2,436 sqft 0.03 AC lot
    View details
    1304 Hwy 57s
    MOBILE HOME PARK, TRAILER PARK

    1304 Hwy 57s, Washington, IN 47501

    $215,000
    Estimated value
    864 sqft 11.73 AC lot
    View details

    Washington, IN Residential Income Properties Market Trends and Statistics

    Explore 17 residential income properties for sale in Washington, IN on our real estate platform. These investment opportunities span a total of 3,269 square feet of properties for sale, with an estimated market value of $1,500,000.

    Sale prices for residential income properties in Washington, IN average $1,500,000 — 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

    Multifamily properties 2
    Apartment buildings 1

    Demographics Overview

    Population 18K
    Population Growth (5Y) +1.9%
    Median Household Income $60,476
    College Educated 21.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    47501 $1.5M

    Taxes & Financing

    Tax Rate (average for all types) 2.21%
    Property Tax per SF $42.19 per SF
    Tax Rate vs County Average 0.21 pp above county avg
    Average Loan-to-Value 65.0%

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