4283 W 500 S Albion, IN $ 200,000
4283 W 500 S
$ 200,000
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4283 W 500 S

Albion, IN, 46701
$ 200,000
Bedrooms2 Baths1.0 Sq 920

Monthly Estimate*

$ 1,231

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Multi-Family Home for sale in Albion, IN

for $200,000 with 2 bedrooms and 1 full bath. This 920 square foot home was built in 1950.

Prime opportunity on sought-after Big Lake with 50 feet of water frontage. Notorious for the best fishing around, this 920 sq ft home sits directly on the water in a great setting where opportunities like this dont come around often. The structure offers solid bones and a newer roof (within the last couple of years), giving you a strong starting point. Interior will require renovation due to prior damage from burst water pipes during winter a couple of years agoplease refer to photos for current condition. Whether youre an investor, flipper, or buyer looking to create your own lake getaway, this property is full of potential. With the right vision and updates, this could be transformed into a standout lake property in a highly desirable location. Rare chance to build equity and make Big Lake your own.

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Multi-Family Active

Price

$ 200,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Traditional

Year Built

1950

Town/City

Albion

County/Region

Noble

MLS | Web ID

202612884

Features
General
Heating Gas Forced Air
Cooling Central Air
Water Access Type Lakefront
Sewer Regional
Status Active Active
Full Baths 1
Half Baths 0
Bathrooms 1
Year Built 1950
Parking Off Street
New Construction No
Tenant Pays Other
Subdivision None
Style One Story
Stories Count 1
Township Noble
Class INVESTMENT
Type Other
Age 76
Net Income 0
Rent Income 0
Features Ceiling Fan
REO No
Status Detail 0
Area Noble County
Location Lake
High School Central Noble Jr/Sr
City Albion
School District Central Noble Community
Architectural Style Traditional
Total Sq Ft 920
Elementary School Central Noble
Middle School Central Noble Jr/Sr
Legal Description High Point Resort Big Lake Lot 45; E Side Frl Nw1/4 Ne1/4 Sec 32 .04a (100-172) 5' Strip East of Highpoint Add Big Lake Lot 45 (100-173)
Agent First Name Vincent
Agent Last Name Crump
DOM 1
Tax Year 2026
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Interior
Basement Crawl
Flooring Other
Beds 2
Total Number of Units 1
Microwaves 0
Refrigerators 0
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 2
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 0
W/D Hookups 0
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Exterior
Exterior Vinyl
Water Frontage 50
Driveway Gravel
Pool No
Number of Parking Spaces 2
Waterfront Lake
Lot Size Area 6839
Lot Dimensions 150x50
Lot Description Lake
Fence None
Water Meters 1
Electric Meters 1
Outbuilding Shed
Gas Meters 1
Lake Non Ski Lake
Waterfront Y/N Yes
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* Excluded Features
List By
Vincent Crump

Listing Agent

North Eastern Group Realty

Broker

vincecrump1@gmail.com

Email

Affordability Calculator

$1,231
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,231
Monthly Property Taxes
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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
5171037 Elementary School
5166452 Middle School
Central Noble Jr/Sr High School High School
Pricing History
DatePricePrice ChangeDescription
4/14/2026$200,000 Listed Price

Map


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4283 W 500 S, Albion, IN, 46701 is a Multi-Family Home for sale at $200,000 with 920 sqft. 4283 W 500 S has 2 bedrooms, 1.0 baths, and was built in 1950. The property's zip code is 46701 which is in Albion, IN