Listing courtesy of Open Door Rentals and Real Est · Listing agent: Lori DePew
17425 State Road 37
$315,000
$77.93 / sq ft
Harlan, IN 46743
Original price $325,000 · Price reduced on June 25, 2026
- Basement
- Bedrooms
- 7
- Bathrooms
- 4
- Living area
- 4,042 sq ft
- Lot
- 0.2 ac
- Year built
- 1900
- Type
- Fourplex
- Listed
- March 23, 2026
- MLS #
- 202609539
About this home
PRICE IMPROVEMENT! Investment opportunity in Harlan, IN! This 4-unit multifamily property at 17425 St Rd 37 offers immediate income with additional upside potential. All units are currently occupied, providing instant cash flow. Tenants pay their own electric, and all residents reimburse the owner monthly for water, sewer, trash, and gas through a RUBS system, helping to control expenses and protect NOI. The property also features ample off-street parking and a convenient location with easy access to surrounding areas. Professional property management is already in place, making this a seamless transition for investors seeking a low-maintenance asset with value-add potential.
Property details
Interior
- Levels
- Two
- Stories
- 2
- Total area
- 4,349 sq ft
- Finished area above grade
- 4,042 sq ft
- Unfinished area below grade
- 307 sq ft
- Below grade total
- 307 sq ft
- Bedrooms above grade
- 7
- Basement
- Partial
- Flooring
- Mixed
- Heating
- Forced Air
- Amenities
- Off Street Parking, Water Heater Gas, Sump Pump
Exterior & parking
- Construction
- Vinyl Siding
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Level
- Lot size (acres)
- 0.2 ac
- Lot dimensions
- 57x150
- County
- Allen County
- Township
- Springfield
- Platted
- Yes
- Planned unit development
- No
- Directions
- Near intersection of State Road 37 and Antwerp Road
Schools
- Elementary school
- Woodlan
- Middle school
- Woodlan
- High school
- Woodlan
- School district
- East Allen County
Taxes & terms
- Annual taxes
- $3,663
- Tax year
- 2025
- Possession
- tenant rights
- Parcel number
- 02-04-28-353-016.000-062
Included in the sale
- Included in sale
- Building,Land
Utilities
- Water
- City
- Sewer
- Public Sewer
Income & commercial
- Units
- 4
- Annual gross rent
- $36,480
- Net operating income
- $11,848
- Lease term
- 12 Months
- Parking spaces
- 10
- Pets allowed
- No
- Tenant pays
- Electricity, Fuel, Sewer, Trash Collection, Water
- Electric meters
- 4
- Gas meters
- 1
- Water meters
- 1
- Insurance (annual)
- $3,325
- Water & sewer (annual)
- $1,761
- Electric (annual)
- $871
- Fuel (annual)
- $2,889
- Trash (annual)
- $624
- Maintenance (annual)
- $11,500