1957 E State Road 524 Wabash, IN $ 619,500
1957 E State Road 524
$ 619,500
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1957 E State Road 524

Wabash, IN, 46992
$ 619,500
Bedrooms11 Baths3.0 Sq 3,136

Monthly Estimate*

$ 3,865

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Multi-Family Home for sale in Wabash, IN

for $619,500 with 11 bedrooms and 3 full baths. This 3,136 square foot home was built in 1942.

This fully updated 5-unit apartment strip sits on a sprawling 10-acre parcel and is 100% rentedoffering instant income for savvy investors. The complex includes (2) one-bedroom units and (3) two-bedroom units, all modernized and well-maintained for long-term tenant retention. In addition to the apartments, the property features a spacious 3,136 sq ft home with 3-4 bedrooms, 3 full baths, and a 2-car attached garage with a full loft. With the right zoning approval, this home could easily be converted into a duplex, adding even more rental potential. But thats not all, this property also includes multiple concrete pads perfect for campers, park models, or small trailers, opening the door for expanded income streams such as short-term rentals or seasonal tenants. Whether you're looking to diversify your portfolio, generate passive income, or expand into multi-unit or vacation rental markets, this property offers incredible potential and flexibility.

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Multi-Family Active

Price

$ 619,500

Bedrooms

11

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,022

Style

Apartment Building

Year Built

1942

Town/City

Wabash

County/Region

Wabash

MLS | Web ID

202547063

Features
General
Heating Gas Forced Air Other Heating System Propane Tank Owned
Cooling Central Air Window Multiple Cooling Units
Sewer Private Septic
# of Buildings 4
Status Active Active
Full Baths 3
Half Baths 0
Bathrooms 3
Year Built 1942
Parking Lot
New Construction No
Tenant Pays Deposit Value
Subdivision None
Style Other
Stories Count 2
Township Lagro
Class INVESTMENT
Type Apartment Building
Age 83
Net Income 35809.08
Rent Income 61800
Features Off Street Parking Storage
REO No
Status Detail 0
Common Amenities Laundry Facilities
Area Wabash County
Location Rural
High School Northfield
City Wabash
School District MSD of Wabash County Schools
Total Sq Ft 5048
Elementary School Metro North/Sharp Creek
Middle School Northfield
Legal Description PT SE 32-28-7 10AC
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202547063
Agent First Name Sarah
Agent Last Name Mast
DOM 9
Tax Year 2025
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Interior
Basement Crawl Partial Basement Unfinished
Flooring Carpet Laminate Mixed
Beds 3
Total Number of Units 6
Microwaves 5
Refrigerators 5
Washers 2
Dryer(s) 2
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 3
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 6
W/D Hookups 4
Basement Material Block
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Exterior
Exterior Metal Stone Vinyl
Driveway Asphalt
Pool No
Number of Parking Spaces 14
Lot Size Area 435600
Lot Dimensions 10 acres
Lot Description Irregular Partially Wooded
Water Meters 0
Outbuilding None
Waterfront Y/N No
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* Excluded Features
List By
Sarah Mast

Listing Agent

Real Broker, Llc

Broker

sarahmast@indiana-realtor.com

Email

Affordability Calculator

$4,117
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,865
Monthly Property Taxes
$252
Monthly 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
2153036 Elementary School
1236057 Middle School
Northfield High School High School
Pricing History
DatePricePrice ChangeDescription
11/23/2025$619,500 Listed Price

Map


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1957 E State Road 524, Wabash, IN, 46992 is a Multi-Family Home for sale at $619,500 with 3,136 sqft. 1957 E State Road 524 has 11 bedrooms, 3.0 baths, and was built in 1942. The property's zip code is 46992 which is in Wabash, IN