***Investment Opportunity*** ***Immediate Passive Income***Great opportunity to expand your real estate portfolio with this completely remodeled 4 unit. Enjoy the benefits of passive income for years to come! Every inch of this property has been remodeled with quality work, craftsmanship, and high end materials and finishes, including spray foam insulation, energy star windows, high efficiency HVAC systems and MORE. Located in the heart of Rensselaer's business district, tenants can walk to work, the pharmacy, the local restaurants, and more. Unit makeup consists of 1- 2 bed/ 1 bath, 2- 2 bed/ 2 bath, and 1- 1 bed/ 1 bath with loft space. Gross rents total $55,000 annually, owner pays taxes, insurance, ground maintenance and snow removal. Tenants pay ALL utilities. With over an 8% cap rate when fully rented, this investment opportunity awaits its new beneficiary! Call an agent today!
Closed
$562,000
226 E Washington St, Rensselaer, IN 47978
--beds
--baths
--sqft
Quadruplex
Built in 1906
-- sqft lot
$-- Zestimate®
$--/sqft
$1,200 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,200/mo
Zestimate® history
Loading...
Owner options
List your home for rent
$1,200/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
Learn more$1,200/mo
Rent Zestimate®
Refinance and save
$3,139/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
See today's rates$3,139/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: January 12, 2026 at 11:16am
Listed by:
Trisha Potts,
RE/MAX Executives 219-987-2230
Bought with:
Mackenzie Deno, RB23002354
RE/MAX Executives
Source: NIRA as distributed by MLS GRID,MLS#: 814093
Facts & features
Interior
Heating
- Forced Air, Natural Gas
Appliances
- Included: Dryer, Washer, Refrigerator, Range, Microwave, Dishwasher
- Laundry: Multiple Locations, In Unit
Features
- Ceiling Fan(s), High Ceilings, Granite Counters
- Windows: Blinds, ENERGY STAR Qualified Windows
- Basement: Apartment,Finished
- Has fireplace: No
Interior area
- Finished area above ground: 3,730
Property
Parking
- Parking features: Additional Parking, Direct Access, Common, Attached Carport, Asphalt
- Has carport: Yes
Features
- Levels: Quad-Level
- Patio & porch: Covered, Rear Porch, Front Porch
- Exterior features: Private Entrance
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Downtown
Lot
- Size: 0.25 Acres
- Features: Corner Lot
Details
- Parcel number: 370730020017209027
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1906
Utilities & green energy
- Electric: 200+ Amp Service, Separate Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Varies By Unit, Smoke Detector(s)
Community
- Community features: None
Location
- Region: Rensselaer
- Subdivision: City/Rensselaer
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 1/12/2026 | Sold | $562,000-6.2% |
Source:  NIRA as distributed by MLS GRID #814093 Report a problem | ||
| 10/25/2025 | Pending sale | $599,000 |
Source: NIRA as distributed by MLS GRID #814093 Report a problem | ||
| 12/17/2024 | Listed for sale | $599,000+59800% |
Source: NIRA as distributed by MLS GRID #814093 Report a problem | ||
| 6/10/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/14/2024 | Price change | $1,300-7.1% |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,165 +7.8% | $216,100 +126.5% |
| 2023 | $1,081 -5.8% | $95,400 +13.3% |
| 2022 | $1,147 +4% | $84,200 +2.4% |
Find assessor info on the county website
Neighborhood: 47978
Nearby schools
GreatSchools rating
- 9/10Van Rensselaer Elementary SchoolGrades: 3-5Distance: 0.5 mi
- 6/10Rensselaer Middle SchoolGrades: 6-8Distance: 0.6 mi
- 6/10Rensselaer Central High SchoolGrades: 9-12Distance: 0.7 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- Indiana
- Jasper County
- Rensselaer
- 47978
- 226 E Washington St