701-703 N College Avenue Rensselaer, IN $ 369,900
701-703 N College Avenue
$ 369,900
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701-703 N College Avenue

Rensselaer, IN, 47978
$ 369,900
Bedrooms4 Baths2.0

Monthly Estimate*

$ 2,336

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Multi-Family Home for sale in Rensselaer, IN

for $369,900 with 4 bedrooms and 2 full baths. This home was built in 2012 on a lot size of 0.184.

Excellent Investment Opportunity! This well-maintained, fully furnished duplex offers established rental income and a convenient location. Both units are furnished and ready for continued use, providing added value and convenience for the next owner. Each unit offers a living room, dining area, fully-applianced kitchen, tiled bathroom w/heated floors, 2 bedrooms, & 1 car att. garage. Also, each patio door leads to their own private outdoor patio space, making this property an attractive option for an investor seeking an income-producing property. The property also provides flexibility for an owner-occupant who may choose to live in one unit while renting the other. In addition, future strategy potential exists to explore possibly a condominium conversion. Conveniently located on a corner lot in town, just off the I-65/SR 114 corridor, this property combines location, condition, furnishings, & income potential. Whether you're looking to expand an investment portfolio, pursue an owner-occupied strategy, or explore the potential for future condominium conversion and separate sale, this property offers multiple possibilities.

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Multi-Family Active

Price

$ 369,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,990

Style

Duplex

Lot Size

0.184

Year Built

2012

Town/City

Rensselaer

County/Region

Jasper

MLS | Web ID

844081

Features
Interior
Interior Amenities Ceiling Fan(s) Other
Fireplace Y/N N
Above Grade Finished Area 1820
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 4
Total Baths 2
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General
Sewer Public Sewer
Heating Forced Air Unit Control Natural Gas
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Appliances Dryer Washer Refrigerator Microwave Gas Water Heater Gas Range Dishwasher
Garage Spaces 2
Patio/Porch Features Other Patio
Pool Features None
Pets Allowed Yes
Year Built 2012
View Neighborhood
Township Marion
Levels One
Property Subtype Duplex
Tax Year 2025
County Jasper
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Thompsons Add
Garage Y/N Y
Rent Includes All Utilities
Total Rooms 10
Status Active
Directions Home is located on the Northeast corner of Hwy 114 (Clark Street) and North College Avenue.
City Rensselaer
High School District Rensselaer Central
Zoning Description Residential
Lot Size Square Feet 8015
Listing Terms Cash FHA Conventional
Tax Annual Amount 1990
Lease Considered Y/N N
Standard Status Active
Tax Assessed Value 196700
Legal Description THOMPSONS ADD PT S 110' LOT 1 BLK 1; AND THOMPSONS ADD 16.50' SW COR PT S 110' LOT 1 BLK 1
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Exterior
Exterior Amenities Other Private Yard
Parking Features Concrete Garage Door Opener Attached Garage Faces Front Driveway
Lot Features Corner Lot Rectangular Lot Landscaped
Water Source Public
Lot Size Acres 0.184
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Noelle Weishaar

Listing Agent

Jenkins Real Estate, Inc.

Broker

nweishaar@yahoo.com

Email

Affordability Calculator

$2,501
Per Month
93%
7%
0%
Monthly Principal & Interest
$2,336
Monthly Property Taxes
$166
Monthly 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
4001663 Elementary School
4001603 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/20/2026$369,900 Listed Price

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701-703 N College Avenue, Rensselaer, IN, 47978 is a Multi-Family Home for sale at $369,900 with a lot size of 0.184. 701-703 N College Avenue has 4 bedrooms, 2.0 baths, and was built in 2012. The property's zip code is 47978 which is in Rensselaer, IN