106 W Grace Street Rensselaer, IN ^$ 299,900

106 W Grace Street

^$ 299,900

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106 W Grace Street

Rensselaer, IN, 47978

^$ 299,900

Bedrooms8 Baths5.0

Monthly Estimate*

^$ 1,871

106 W Grace Street, Rensselaer, IN 47978 - Image 1

106 W Grace Street, Rensselaer, IN 47978 - Image 2

106 W Grace Street, Rensselaer, IN 47978 - Image 3

106 W Grace Street, Rensselaer, IN 47978 - Image 4

106 W Grace Street, Rensselaer, IN 47978 - Image 5

Multi-Family Home for sale in Rensselaer, IN

for $299,900 with 8 bedrooms and 5 full baths. This home was built in 1948 on a lot size of 0.198.

Excellent Investment Opportunity - 5-Unit Multi-Family Property Near Downtown. Unlock strong rental potential with this 5-unit apartment building situated on a desirable corner lot just minutes from downtown amenities. The property features a great unit mix appealing to a wide tenant base, including one 3-bedroom unit, one 2-bedroom unit, and three 1-bedroom units--each offering 1 full bathroom. Tenants enjoy off-street parking with a dedicated parking lot. Whether you're expanding your portfolio or seeking your first multi-unit investment, this property offers steady cash flow potential.

Multi-Family Pending

Price

^$ 299,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,228

Style

Apartment

Lot Size

0.198

Year Built

1948

Town/City

Rensselaer

County/Region

Jasper

MLS | Web ID

830642

Features

Interior

Interior Amenities None

Fireplace Y/N N

Above Grade Finished Area 3960

Half Baths 0

3/4 Baths 0

Total Bedrooms 8

Total Baths 5

General

Sewer Public Sewer

Heating Central Natural Gas Forced Air

Appliances Microwave Refrigerator Range

Pets Allowed Number Limit

Year Built 1948

View City

Township Marion

Levels Two

Property Subtype Apartment

Tax Year 2024

Gross Income 34800

County Jasper

New Construction N

Property Type Residential Income

HOA N

Subdivision Name Benj Add

Garage Y/N N

Rent Includes Electricity Water Trash Collection Sewer Gas

Total Rooms 18

Full Baths 5

Status Pending

Directions From the intersection of 231 and 114. Go east on 114. House is on the north side of the road.

City Rensselaer

High School District Rensselaer Central

Zoning Description Business

Lot Size Square Feet 8625

Listing Terms Cash Conventional

Tax Annual Amount 1228

Standard Status Pending

Tax Assessed Value 104200

Legal Description BENJ ADD PT BLK 1; ORIG PLAT LOT 12 BLK 11

Exterior

Exterior Amenities Rain Gutters

Parking Features Gravel Off Street

Lot Features Corner Lot

Water Source Public

Total Parking 8

Lot Size Acres 0.198

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

James Taulman

Listing Agent

Stucker Realty, Inc.

Broker

taulmanj@gmail.com

Affordability Calculator

$1,973

Per Month

Monthly Principal & Interest: $1,871
Monthly Property Taxes: $102
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Rensselaer, IN

Average List Price ^$549,450

Percent of Sale Price 83%

About Rensselaer, IN

5,684 Population

3% Since 2002

^$46,164 Median Income

37.15 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4001663 Elementary School

4001603 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/11/2025	$299,900		Listed Price

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106 W Grace Street, Rensselaer, IN, 47978 is a Multi-Family Home for sale at $299,900 with a lot size of 0.198. 106 W Grace Street has 8 bedrooms, 5.0 baths, and was built in 1948. The property's zip code is 47978 which is in Rensselaer, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana 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 reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/8/2025.

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106 W Grace Street

Multi-Family Home for sale in Rensselaer, IN

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