316 S Lee Street Garrett, IN ^$ 219,900

316 S Lee Street

^$ 219,900

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Recently Listed

316 S Lee Street

Garrett, IN, 46738

^$ 219,900

Bedrooms3 Baths3.0 Sq 2,004

Monthly Estimate*

^$ 1,388

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Multi-Family Home for sale in Garrett, IN

for $219,900 with 3 bedrooms and 3 full baths. This 2,004 square foot home was built in 1900.

Well maintained fully occupied triplex - one of NE Indiana's stronger, faster-appreciating submarkets. Two units thoroughly updated within the last few years; third in good condition with a long-term tenant. Unit 1 (first floor, most updated): $1,000/mo Unit 2 (upstairs, long-term tenant, about 10 yrs): $750/mo Unit 3 (back, updated): $1,050/mo Owner pays utilities and lawn care. Off-street parking for 3-4 vehicles. Separate basement access for all units. 3 separate washer/dryer connections (gas and electric) are available and currently unused. Gross: $33,600/yr NOI: $24,900/yr Cap rate: 11.3% GRM 6.5

Multi-Family Active

Price

^$ 219,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,500

Style

Triplex

Year Built

1900

Town/City

Garrett

County/Region

De Kalb

MLS | Web ID

202632112

Features

General

Heating Hot Water

Cooling Window

Sewer Public

Status Active Active

Full Baths 3

Half Baths 0

Bathrooms 3

Year Built 1900

New Construction No

Tenant Pays Cable

Subdivision None

Style One and Half Story

Stories Count 2

Township Keyser

Class INVESTMENT

Type Triplex

Age 126

Net Income 24900

Rent Income 33600

Features Basement

REO No

Status Detail 0

Area Dekalb County

High School Garrett

City Garrett

School District Garrett Keyser Butler

Total Sq Ft 2705

Elementary School J.E. Ober

Middle School Garrett

Legal Description Cowens First Addition Cowens First Addition N 1/2

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202632112

Agent First Name Ivan

Agent Last Name Koblov

DOM 0

Tax Year 2025

Interior

Basement Partial Basement

Flooring Mixed

Beds 3

Total Number of Units 3

Microwaves 0

Refrigerators 3

Washers 0

Dryer(s) 0

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 3

W/D Hookups 3

Exterior

Exterior Aluminum Brick

Pool No

Number of Parking Spaces 4

Lot Size Area 5663

Lot Dimensions 45x125

Lot Description Irregular

Water Meters 1

Electric Meters 1

Outbuilding None

Gas Meters 1

Waterfront Y/N No

* Excluded Features

List By

Ivan Koblov

Listing Agent

Keller Williams Indy Metro Ne

Broker

ivanche08@yahoo.com

Affordability Calculator

$1,597

Per Month

Monthly Principal & Interest: $1,388
Monthly Property Taxes: $208
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 Garrett, IN

Average List Price ^$190,000

Percent of Sale Price 14%

About Garrett, IN

6,226 Population

9% Since 2002

^$41,812 Median Income

36.3 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1237432 Elementary School

5156302 Middle School

Garrett High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/7/2026	$219,900		Listed Price

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316 S Lee Street, Garrett, IN, 46738 is a Multi-Family Home for sale at $219,900 with 2,004 sqft. 316 S Lee Street has 3 bedrooms, 3.0 baths, and was built in 1900. The property's zip code is 46738 which is in Garrett, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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 8/8/2026.

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316 S Lee Street

Multi-Family Home for sale in Garrett, IN

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