Rita Beaty

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1887 S 700 E Street, Unit 1-2-3
Elwood, IN 46036

$239,900 - Status: Pending
SQFT: 2,508
MLS# 202609620

Great investment opportunity. This brick triplex sits on over an acre of land possibly leaving space to expand on the income potential. All 3 units are currently rented with 2 of the units being on month to month leases and the third expires in October 2026. Apartment 3 was gutted and redone in 2025 so it is all new from the studs out including electrical, plumbing, windows, doors and all new appliances. Plenty of off street parking, laundry connections in each unit, tenants pay electric and any cable/internet connections they want. Seller pays taxes, insurance, trash, landscaping/mowing, snow removal and electric for well pump. Property is on well and septic.

Property Features

MLS#: 202609620
Zip: 46036
Subdivision:
Development: Madison
Property Type: Multi Unit - Multiple
Number of Units: 3
Basement: Crawl
Cooling: None
Days on Site: 36
Heating: Baseboard
Home Style: Triplex
Lot Size: 1.14 acres
Roof Type: Asphalt
Stories: 1.0
Year Built: 1973

Feature Descriptions

Above Grade Finished SQFT: 2508
Amenities: Ceiling Fan, Off Street Parking, Countertops-Laminate, Detector-Smoke, Eat-In Kitchen, Water Heater Electric, Water Softener-Owned
Exterior: Brick
Location: Rural
Lot Description: Level, 0-2.9999
Lot Dimensions: 230x225
Owner Pays: Building Insurance, Electric, Maintenance, Tax, Trash Collection, Water Softener
Sale Inclusions: Building, Land
Sewer: Private, Septic
Tenant Pays: Cooling, Electric
Total Finished SQFT: 2508
Units: 3
Water: Private, Well

Local Schools

High School: Tipton
Middle School: Tipton
Elementary School: Tipton
School District: Tipton Community School Corp.

1887 S 700 E Street, Unit 1-2-3 | MLS# 202609620

This multi-family property located at 1887 S 700 E Street, Unit 1-2-3, Elwood, IN 46036 is currently listed for sale with an asking price of $239,900. S 700 E Street, Unit 1-2-3 is located within the Tipton Community School Corp. school district. Search Elwood real estate on rbeaty.coldwellbanker1stchoice.com today.

Listed By / Shown By

Listed By

Agency Name: Century 21 Scheetz - Carmel
Agency Contact: Cell: 317-339-7402
Agent Name: Cheryl Trietsch

Shown By

Agent Name: Rita Beaty
Agent Phone: (219) 575-2534
Agency Title: Coldwell Banker 1st Choice

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Coldwell Banker 1st Choice Rita Beaty (219) 575-2534

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