106 W Grace Street Rensselaer, IN ^$ 299,900

106 W Grace Street

^$ 299,900

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106 W Grace Street

Rensselaer, IN, 47978

^$ 299,900

Bedrooms8 Baths5.0 Sq 3,960

Monthly Estimate*

^$ 1,871

106 W Grace Street, Rensselaer, IN 47978 - Image 1

106 W Grace Street, Rensselaer, IN 47978 - Image 2

106 W Grace Street, Rensselaer, IN 47978 - Image 3

106 W Grace Street, Rensselaer, IN 47978 - Image 4

106 W Grace Street, Rensselaer, IN 47978 - Image 5

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Multi-Family Home for sale in Rensselaer, IN

for $299,900 with 8 bedrooms and 5 full baths. This 3,960 square foot home was built in 1948.

Excellent Investment Opportunity - 5-Unit Multi-Family Property Near Downtown. Unlock strong rental potential with this 5-unit apartment building situated on a desirable corner lot just minutes from downtown amenities. The property features a great unit mix appealing to a wide tenant base, including one 3-bedroom unit, one 2-bedroom unit, and three 1-bedroom unitseach offering 1 full bathroom. Tenants enjoy off-street parking with a dedicated parking lot. Whether you're expanding your portfolio or seeking your first multi-unit investment, this property offers steady cash flow potential.

Multi-Family Pending

Price

^$ 299,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,228

Style

Fiveplex

Year Built

1948

Town/City

Rensselaer

County/Region

Jasper

MLS | Web ID

202545828

Features

General

Heating Gas Forced Air

Cooling Window

Sewer City

Status Pending Pending

Full Baths 5

Half Baths 0

Bathrooms 5

Year Built 1948

New Construction No

Tenant Pays Electric

Subdivision None

Style Two Story

Stories Count 2

Township Marion

Class INVESTMENT

Type Fiveplex

Age 77

Net Income 23172

Rent Income 34800

Features Basement

REO No

Status Detail 0

Area Jasper County

High School Rensselaer Central

City Rensselaer

School District Rensselaer Central School Corp.

Total Sq Ft 5820

Elementary School Rensselaer Central

Middle School Rensselaer Central

Legal Description BENJ ADD PT BLK 1; ORIG PLAT LOT 12 BLK 11

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202545828

Agent First Name James

Agent Last Name Taulman

DOM 9

Tax Year 2024

Interior

Basement Full Basement Unfinished

Flooring Carpet Vinyl

Beds 8

Total Number of Units 5

Microwaves 5

Refrigerators 5

Washers 0

Dryer(s) 0

Dishwasher(s) 0

Disposal(s) 0

Above Grade Bedrooms 8

Below Grade Baths 0

Below Grade Bedrooms 0

Total Rooms Below Grade 0

Ranges/Ovens 5

W/D Hookups 0

Basement Material Block

Exterior

Exterior Vinyl

Pool No

Number of Parking Spaces 8

Lot Size Area 8625

Lot Dimensions Irregular

Lot Description Corner Level

Water Meters 1

Electric Meters 6

Outbuilding None

Gas Meters 1

Waterfront Y/N No

* Excluded Features

List By

James Taulman

Listing Agent

Stucker Rlty Inc

Broker

taulmanj@gmail.com

Affordability Calculator

$1,973

Per Month

Monthly Principal & Interest: $1,871
Monthly Property Taxes: $102
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Rensselaer, IN

Average List Price ^$549,450

Percent of Sale Price 83%

About Rensselaer, IN

5,684 Population

3% Since 2002

^$46,164 Median Income

37.15 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

5167071 Elementary School

5167070 Middle School

Rensselaer Central High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/13/2025	$299,900		Listed Price

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106 W Grace Street, Rensselaer, IN, 47978 is a Multi-Family Home for sale at $299,900 with 3,960 sqft. 106 W Grace Street has 8 bedrooms, 5.0 baths, and was built in 1948. The property's zip code is 47978 which is in Rensselaer, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Multiple Listing Service of the Indiana Regional Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Indiana Regional Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/7/2025.

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106 W Grace Street

Multi-Family Home for sale in Rensselaer, IN

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