Listing courtesy of Tarter Realty Auction and Appraisal Company · Listing agent: Jill Friend · Office: 765-595-8155
ActiveApartment
118 S Walnut Street
Ridgeville, IN 47380
- Basement
- Bedrooms
- 7
- Bathrooms
- 4
- Living area
- 6,142 sq ft
- Lot
- 0.13 ac
- Year built
- 1909
- Type
- Apartment
- Listed
- September 3, 2026
- MLS #
- 202636454
About this home
Investor’s dream in downtown Ridgeville! This building features two newly renovated 2BR/1BA apartments currently rented for $550 & $600/mo, each with laundry hookups and new electric furnaces (leases available). Main level includes a former retail space with working restroom and a 3BR/1.5BA apartment in need of renovation. Upstairs offers 2,000+ sq ft of storage with great potential. Don’t miss this income producing opportunity
Monthly payment estimate
$667/mo
- Principal & interest
- $602
- Property taxes
- $33
- Homeowners insurance
- $32
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2025 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- Two
- Stories
- 2
- Total area
- 7,374 sq ft
- Finished area above grade
- 6,142 sq ft
- Unfinished area above grade
- 1,232 sq ft
- Main level
- 2,900 sq ft
- Upper level
- 3,242 sq ft
- Bedrooms above grade
- 7
- Basement
- Crawl Space, Partial
- Flooring
- Concrete, Laminate, Vinyl
- Heating
- Electric, Forced Air
- Cooling
- Multiple Cooling Units
- Amenities
- Basement, Ceiling Fan, Countertops-Laminate, Sump Pump
Exterior & parking
- Style
- Traditional
- Construction
- Brick, Vinyl Siding
- Roof
- Metal
- Foundation
- Block
- Parking
- Off Street, On Street
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- 0-2.9999
- Lot size (acres)
- 0.13 ac
- Lot dimensions
- 44x132
- Location type
- City/Town/Suburb
- Inside city limits
- Yes
- County
- Randolph County
- Township
- Franklin
- Platted
- Yes
- Planned unit development
- No
- Directions
- East on IN-32. Left on IN-1. Right on IN-28. Right on S Walnut Street.
Schools
- Elementary school
- Deerfield
- Middle school
- Driver
- High school
- Winchester
- School district
- Randolph Central School Corp.
Taxes & terms
- Annual taxes
- $393
- Tax year
- 2025
- Listing terms
- Cash, Conventional
- Possession
- Negotiable
- Parcel number
- 68-05-12-279-072.000-002
Included in the sale
- Included in sale
- Building
Utilities
- Water
- City
- Sewer
- Public Sewer
Income & commercial
- Units
- 5
- Buildings
- 1
- Annual gross rent
- $13,800
- Net operating income
- $12,987
- Pets allowed
- No
- Tenant pays
- Cooling, Electricity, Sewer, Trash Collection, Water
- Electric (annual)
- $420
Units
| Unit | Count | Beds | Baths | Rent | Garage |
|---|---|---|---|---|---|
| — | — | 2 | 1 | $550 | — |
| — | — | 2 | 1 | $600 | — |
| — | — | 3 | 1 | — | — |
| — | — | 0 | — | — | — |
| — | — | 0 | — | — | — |
Location
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