Listing courtesy of Lundquist Appraisals & Real Estate · Listing agent: Robert Lundquist · bob@lundquistrealestate.com

Virtual tour
ActiveSite-Built Home

196 E Main Street

$153,000

$41.44 / sq ft

Est. $1,022/mo

Wabash, IN 46992

Original price $180,000 · Price reduced on April 13, 2026

  • 2-car garage
  • Fireplace
  • Basement
Bedrooms
6
Bathrooms
0.5
Living area
3,692 sq ft
Lot
0.14 ac
Year built
1890
Type
Site-Built Home
Listed
December 12, 2025
MLS #
202548742

About this home

Here is your chance to bring a remarkable piece of local history back to life. Built in the 1890s, this Queen Anne–style home offers approximately 3,692 sq ft on the first and second floors and showcases many exterior improvements already completed to restore its historic character. The property is protected by an Exterior Covenant held by Indiana Landmarks, ensuring its architectural features are preserved for generations. Inside, the home is ready for a full renovation. Plumbing, heating, electrical, flooring, walls, and trim will require substantial work, but several original elements remain, including portions of the staircase, detailed trim, and two impressive oak fireplace mantels. Many main-level windows have been replaced with custom-fitted Anderson units to replicate missing or damaged sashes. Originally built as a duplex, the layout includes two kitchens, two dining rooms, two living rooms, two bathrooms, and six second-floor bedrooms—providing flexibility to restore as a two-unit residence or reconfigure into a spacious single-family home. A full basement, attached two-stall garage, and a large third-floor attic offer storage or potential expansion space. Buyers will need pre-approval for both acquisition and renovation costs. A restoration plan must be submitted and approved prior to offer acceptance By the Historic Landmarks Foundation Board of Directors. As an added incentive, a $10,000 credit once the renovations are completed within 18 months of purchase and city of Wabash issues an occupancy permit.

Monthly payment estimate

$1,022/mo

Principal & interest
$837
Property taxes
$140
Homeowners insurance
$45
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: estimated at 1.1% of the price per year — the MLS reports no full tax bill for this home yet.
  • 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.
Change taxes, insurance and more in the full calculator

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Property details

Interior

Levels
Two
Total rooms
16
Total area
7,428 sq ft
Finished area above grade
3,692 sq ft
Unfinished area above grade
1,890 sq ft
Unfinished area below grade
1,846 sq ft
Main level
1,846 sq ft
Upper level
1,846 sq ft
Below grade total
1,846 sq ft
Bedrooms above grade
6
Half baths, below grade
1
Basement
Full, Unfinished, Outside Entrance
Flooring
Hardwood
Fireplaces
2
Fireplace features
Living/Great Rm
Laundry
Main Level
Interior features
Formal Dining Room, Main Floor Laundry

Exterior & parking

Style
Historic, Victorian
Construction
Wood Siding
Roof
Slate
Foundation
Stone
Garage spaces
2
Attached garage
Yes
Garage type
Attached
Garage sq ft
580 sq ft
Parking
Garage Door Opener
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot features
Corner Lot, Level
Lot size (acres)
0.14 ac
Lot dimensions
See plat map
Location type
City/Town/Suburb
County
Wabash County
Township
Noble
Cross street
Allen Street
Road frontage
City Street
Road surface
Asphalt
Platted
Yes
Planned unit development
No
Directions
Wabash Street to Main Street then east 2 blocks.

Schools

Elementary school
OJ Neighbors
Middle school
Wabash
High school
Wabash
School district
Wabash City Schools

HOA & community

Community amenities
Sidewalks
Association restrictions
No

Taxes & terms

Tax year
2024
Tax exemptions
Tax Exempt, No Exemptions
Listing terms
Cash, Conventional
Possession
At closing
Parcel number
85-14-11-403-027.000-009

Utilities

Water
City
Sewer
Public Sewer
Utilities
Cable Available
Electric provider
Duke Energy Indiana
Gas provider
NIPSCO
Water provider
Indiana American Water Co
Cable / internet provider
Comcast/Xfinity,Cinergy MetroNet

Income & commercial

Gas meters
14

Location

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