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

Virtual tour
ActiveSite-Built Home

218 E Main Street

$166,500

$36.22 / sq ft

Est. $1,113/mo

Wabash, IN 46992Eastern

Original price $185,000 · Price reduced on April 13, 2026

  • Fireplace
  • Basement
Bedrooms
7
Bathrooms
4
Living area
4,597 sq ft
Lot
0.32 ac
Year built
1885
Type
Site-Built Home
Listed
December 20, 2025
MLS #
202549418

About this home

An extraordinary opportunity for the historic-home enthusiast! This imposing 19-room Victorian residence—built in 1885 for banker Frank Morse—offers approximately 4,597 sq ft of living area, 7-bedrooms and 4-full baths on a large corner double lot. A true example of the Italianate style, the home retains remarkable original features including a sweeping walnut staircase, three fireplaces, ornate wood trim, solid doors, and a beautifully bracketed cornice. The exterior showcases a newly rebuilt covered front porch, original brick construction, and the architectural presence only a home of this era can provide. While the property requires significant renovation, the groundwork is set for a rewarding restoration, with the interior fully cleared and a new roof installed in 2022. This is an exceptional chance to bring a historic treasure back to its full luster and create a stunning forever home. Indiana Landmarks Historical Covenants apply, requiring a reasonable renovation plan, approval of exterior work, and single-family owner-occupied use. A rare opportunity to steward one of the community’s architectural gems. Buyers may receive 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

$1,113/mo

Principal & interest
$911
Property taxes
$153
Homeowners insurance
$49
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.
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Property details

Interior

Levels
Two
Total rooms
19
Total area
5,332 sq ft
Finished area above grade
4,597 sq ft
Unfinished area below grade
735 sq ft
Main level
2,321 sq ft
Upper level
4,597 sq ft
Below grade total
735 sq ft
Bedrooms above grade
7
Full baths, main level
2
Full baths, upper level
2
Basement
Crawl Space, Partial, Unfinished, Outside Entrance, Walk-Up Access
Flooring
Hardwood, Vinyl
Fireplaces
3
Fireplace features
Dining Room, Extra Rm, Living/Great Rm
Laundry
Main Level
Interior features
Entrance Foyer

Exterior & parking

Style
Victorian
Construction
Brick, Wood Siding
Roof
Metal, Shingle
Foundation
Stone
Parking
Stone
Private pool
No
Other structures
Garden Shed
New construction
No

Waterfront & lake

Waterfront
No

Lot

Subdivision
Eastern
Lot features
Corner Lot
Lot size (acres)
0.32 ac
Lot dimensions
See plat map
Location type
City/Town/Suburb
County
Wabash County
Township
Noble
Cross street
Allen St
Road frontage
City Street
Road surface
Asphalt
Platted
Yes
Planned unit development
No
Directions
NE corner of Allen St & Main St. Wabash St to Main St 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
85-14-11-403-090.000-009

Utilities

Water
City
Sewer
Public Sewer
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
12

Location

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