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1887 S 700 E Street Elwood, IN $ 239,900
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1887 S 700 E Street
$ 239,900
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1887 S 700 E Street

Elwood, IN, 46036
$ 239,900
Bedrooms6 Baths3.0 Sq 2,508

Monthly Estimate*

$ 1,477

1887 S 700 E Street, Elwood, IN 46036 - Image 1
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1887 S 700 E Street, Elwood, IN 46036 - Image 7
1887 S 700 E Street, Elwood, IN 46036 - Image 8
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1887 S 700 E Street, Elwood, IN 46036 - Image 11
1887 S 700 E Street, Elwood, IN 46036 - Image 12
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Multi-Family Home for sale in Elwood, IN

for $239,900 with 6 bedrooms and 3 full baths. This 2,508 square foot home was built in 1973.

Great investment opportunity. This brick triplex sits on over an acre of land possibly leaving space to expand on the income potential. All 3 units are currently rented with 2 of the units being on month to month leases and the third expires in October 2026. Apartment 3 was gutted and redone in 2025 so it is all new from the studs out including electrical, plumbing, windows, doors and all new appliances. Plenty of off street parking, laundry connections in each unit, tenants pay electric and any cable/internet connections they want. Seller pays taxes, insurance, trash, landscaping/mowing, snow removal and electric for well pump. Property is on well and septic.

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Multi-Family Active

Price

$ 239,900

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 1,969

Style

Ranch

Year Built

1973

Town/City

Elwood

County/Region

Madison

MLS | Web ID

202609620
Features
General
Heating Baseboard
Cooling None
Sewer Private Septic
# of Buildings 1
Status Active Active
Full Baths 3
Half Baths 0
Bathrooms 3
Year Built 1973
Parking Gravel
New Construction No
Tenant Pays Cooling Electric
Subdivision None
Style One Story
Stories Count 1
Township Madison
Class INVESTMENT
Type Triplex
Age 53
Net Income 22251
Rent Income 28620
Unit Number 1-2-3
Features Ceiling Fan Off Street Parking Countertops-Laminate Detector-Smoke Eat-In Kitchen Water Heater Electric Water Softener-Owned
REO No
Status Detail 0
Area Tipton County
Location Rural
High School Tipton
City Elwood
School District Tipton Community School Corp.
Architectural Style Ranch
Total Sq Ft 2508
Elementary School Tipton
Middle School Tipton
Legal Description Pt W1/2 Sw Sw 8-21-6 1.137 Ac
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202609620
Agent First Name Cheryl
Agent Last Name Trietsch
DOM 1
Tax Year 2025
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Exterior
Road Surface Asphalt
Road Access County
Exterior Brick
Driveway Gravel
Pool No
Number of Parking Spaces 9
Lot Size Area 49528
Lot Dimensions 230x225
Lot Description Level 0-2.9999
Fence None
Water Meters 0
Electric Meters 4
Outbuilding None
Water Features None
Gas Meters 0
Waterfront Y/N No
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Interior
Basement Crawl
Flooring Laminate
HVAC Ceiling Fan
Beds 6
Total Number of Units 3
Microwaves 1
Refrigerators 3
Washers 1
Dryer(s) 1
Dishwasher(s) 0
Disposal(s) 1
Above Grade Bedrooms 6
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 3
W/D Hookups 3
Basement Material Block
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* Excluded Features
List By
Cheryl Trietsch

Listing Agent

Century 21 Scheetz - Carmel

Broker

ctrietsch@c21scheetz.com

Email

Affordability Calculator

$1,641
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,477
Monthly Property Taxes
$164
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1237669 Elementary School
1237192 Middle School
Tipton High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/23/2026$239,900 Listed Price

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1887 S 700 E Street, Elwood, IN, 46036 is a Multi-Family Home for sale at $239,900 with 2,508 sqft. 1887 S 700 E Street has 6 bedrooms, 3.0 baths, and was built in 1973. The property's zip code is 46036 which is in Elwood, IN

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