Listing courtesy of Homes Land & Lakes Realty · Listing agent: Darren Carnes

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Under contractDuplex

305 S Clay Street

$129,900

$75.17 / sq ft

Claypool, IN 46510

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Bedrooms
4
Bathrooms
2
Living area
1,728 sq ft
Lot
0.2 ac
Year built
1999
Type
Duplex
Listed
July 27, 2026
MLS #
202630280

About this home

Fully Vacant Duplex – Investor Opportunity! Attention investors and owner-occupants! This fully vacant up/down duplex offers the perfect opportunity to set your own rents or live in one unit while generating income from the other. Each spacious unit features 2 bedrooms, 1 bathroom, and approximately 864 square feet of living space. Both units include refrigerators, stoves, and laundry hookups, while the upstairs unit also includes a dishwasher and a second interior stairwell for proper egress. The utilities are completely separated (minus water and sewer), making this an attractive property for tenants. The upstairs unit is all electric with baseboard heat, and the downstairs unit has gas and electric service with a gas furnace. The property has recently become 100% vacant and needs some minor updates to be rent-ready. The previous owner rented the downstairs unit for $800 per month and the upstairs unit for $750 per month, providing an excellent opportunity to update the property and lease at today's market rates. The seller is highly motivated, creating an outstanding chance to add a cash-flowing duplex to your portfolio or begin your real estate investment journey. Opportunities to purchase a completely vacant duplex are hard to find—schedule your showing today before this one is gone!

Property details

Interior

Levels
Two
Stories
2
Total area
1,728 sq ft
Finished area above grade
1,728 sq ft
Bedrooms above grade
4
Basement
Slab
Flooring
Carpet, Ceramic Tile, Vinyl
Heating
Baseboard, Ceiling
Amenities
Ceiling Fan, Off Street Parking, Cable Ready, Washer Hook-Up

Exterior & parking

Construction
Metal Siding
Roof
Metal
Parking
Off Street, Private
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot features
Level
Lot size (acres)
0.2 ac
Lot dimensions
66x132
County
Kosciusko County
Township
Clay
Platted
Yes
Planned unit development
No
Directions
SR 15 to W 700 S, turn east (left) go to stop sign, turn right onto S Clay Street, follow S Clay Street to address.

Schools

Elementary school
Claypool
Middle school
Edgewood
High school
Warsaw
School district
Warsaw Community

Taxes & terms

Annual taxes
$2,107
Tax year
2026
Assessed value
$144,800
Listing terms
Cash, Conventional
Possession
Day of Closing
Parcel number
43-15-20-100-128.000-002

Included in the sale

Included in sale
Building,Land

Utilities

Water
City
Sewer
Public Sewer
Electric provider
NIPSCO
Gas provider
NIPSCO
Water provider
Indiana American Water Co

Income & commercial

Units
2
Annual gross rent
$18,600
Net operating income
$12,736
Parking spaces
4
Pets allowed
No
Tenant pays
Cable TV, Electricity, Fuel, Heat
Electric meters
2
Gas meters
1
Water meters
1
Insurance (annual)
$1,117
Water & sewer (annual)
$2,640

Location

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$129,900

4 beds · 2 baths