Listing courtesy of RE/MAX Results · Listing agent: James Bausch · Cell: 574-742-4531
316 S Washington Street
Warsaw, IN 46580-4348Hood & Britton
- Basement
- Bedrooms
- 6
- Bathrooms
- 6
- Living area
- 2,836 sq ft
- Lot
- 0.2 ac
- Year built
- 1873
- Type
- Multi Family
- Listed
- May 25, 2026
- MLS #
- 202619931
About this home
*Back on the market at no fault of seller* This 6-unit brick investment property offers an excellent opportunity to grow your portfolio with strong income potential and recent updates already in place! Over the last 18 months, many improvements have been completed throughout the property, including updated paint, durable and easy-to-maintain LVP flooring, new roof, and more. Five units feature 1 bedroom and 1 bathroom with practical layouts designed for comfortable everyday living and an efficiency unit rounds out the property. Investors will appreciate the attractive 12.94% CAP rate along with the low-maintenance brick exterior. Conveniently located near Downtown Warsaw, tenants can enjoy easy access to local shopping, restaurants, parks, and other amenities. Whether you’re looking to expand your rental portfolio or step into multifamily investing, this property offers strong returns and upside potential!
Monthly payment estimate
$2,463/mo
- Principal & interest
- $1,971
- Property taxes
- $387
- Homeowners insurance
- $105
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2026 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
- Two
- Stories
- 2
- Total area
- 3,950 sq ft
- Finished area above grade
- 2,836 sq ft
- Unfinished area below grade
- 1,114 sq ft
- Below grade total
- 1,114 sq ft
- Bedrooms above grade
- 6
- Basement
- Crawl Space, Partial
- Flooring
- Carpet, Vinyl
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air
- Amenities
- Off Street Parking, Eat-In Kitchen
Exterior & parking
- Construction
- Brick
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Subdivision
- Hood & Britton
- Lot features
- Corner Lot, 0-2.9999
- Lot size (acres)
- 0.2 ac
- Lot dimensions
- 66X132
- County
- Kosciusko County
- Township
- Wayne
- Cross street
- Winona Ave
- Lots
- 339
- Platted
- Yes
- Planned unit development
- No
- Directions
- Heading South on IN 15, turn right on E Winona Ave, turn right onto S Columbia St, Property is on the right.
Schools
- Elementary school
- Washington
- Middle school
- Edgewood
- High school
- Warsaw
- School district
- Warsaw Community
Taxes & terms
- Annual taxes
- $4,641
- Tax year
- 2026
- Listing terms
- Cash, Conventional
- Possession
- Tenants Rights
- Parcel number
- 43-11-08-300-247.000-032
Included in the sale
- Included in sale
- Building,Land
Utilities
- Water
- City
- Sewer
- Public Sewer
Income & commercial
- Units
- 6
- Annual gross rent
- $78,435
- Net operating income
- $57,276
- Parking spaces
- 6
- Pets allowed
- Yes
- Tenant pays
- Electricity
- Electric meters
- 6
- Gas meters
- 1
- Water meters
- 1
- Insurance (annual)
- $3,080
- Water & sewer (annual)
- $4,434
- Fuel (annual)
- $7,556
- Trash (annual)
- $948
Location
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Listing courtesy of RE/MAX Results
