Listing courtesy of The Gingerich Group · Listing agent: Scott Gingerich

Virtual tour
ActiveDuplex

1422 E Center Street

$230,000

$106.19 / sq ft

Est. $1,632/mo

Warsaw, IN 46580

  • Basement
Bedrooms
2
Bathrooms
2.5
Living area
2,166 sq ft
Lot
0.2 ac
Year built
1910
Type
Duplex
Listed
September 30, 2026
MLS #
202640446

About this home

Opportunity and flexibility come together at this completely remodeled mixed-use property located along highly traveled Center Street in Warsaw. Offering 2,544 square feet and extensively renovated in 2023, this property is currently configured with professional office space on the main level and a separate residential apartment upstairs, creating an excellent opportunity for an investor or business owner looking to offset expenses with rental income. The main level offers a functional office layout featuring a private office or conference room, two additional open work areas, a kitchen, and bathroom space. Upstairs, the separate residential apartment provides its own kitchen and living space, allowing the property to serve multiple purposes under its R2 zoning. Both levels also offer the flexibility to be used residentially, making this an attractive option for investors looking for a duplex-style property. The 2023 renovation included updates to the flooring, electrical, plumbing, kitchens, bathrooms, and windows, giving the property a fresh, updated feel while taking care of many of the major improvements. The roof is also approximately three years old. Situated on a .20-acre lot with approximately 10 parking spaces, the property enjoys excellent visibility along Center Street with approximately 9,500 vehicles passing daily and convenient access to downtown Warsaw.

Monthly payment estimate

$1,632/mo

Principal & interest
$1,259
Property taxes
$306
Homeowners insurance
$67
Your loan

  • 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
One and One Half
Stories
2
Total area
2,336 sq ft
Finished area above grade
2,166 sq ft
Unfinished area below grade
170 sq ft
Below grade total
170 sq ft
Bedrooms above grade
2
Basement
Partial
Flooring
Carpet, Vinyl
Heating
Forced Air
Cooling
Central Air
Amenities
Ceiling Fan, Off Street Parking

Exterior & parking

Construction
Metal Siding
Parking
Asphalt
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot features
Level
Lot size (acres)
0.2 ac
Lot dimensions
132X66
County
Kosciusko County
Township
Wayne
Platted
Yes
Planned unit development
No
Directions
From US 30, head west on Center Street. Property is on the left.

Schools

Elementary school
Jefferson
Middle school
Lakeview
High school
Warsaw
School district
Warsaw Community

Taxes & terms

Annual taxes
$3,671
Tax year
2025
Tax exemptions
No Exemptions
Listing terms
Cash, Conventional
Possession
At Closing
Parcel number
43-11-09-300-750.000-032

Included in the sale

Included in sale
Building,Land,Lease

Utilities

Water
City
Sewer
Public Sewer
Electric provider
NIPSCO
Gas provider
NIPSCO

Income & commercial

Units
2
Annual gross rent
$27,000
Net operating income
$14,900
Lease term
Month To Month
Parking spaces
9
Pets allowed
No
Tenant pays
Cable TV
Electric meters
1
Gas meters
1
Water meters
1
Insurance (annual)
$1,800
Water & sewer (annual)
$1,513
Electric (annual)
$2,018
Fuel (annual)
$2,018
Trash (annual)
$480
Maintenance (annual)
$600

Location

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