422 E Washington St

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Address: 422 E Washington St, Sullivan, IN 47882, USA
Chicago & Midwest + Apartment Buildings
Created date: July 30, 2026
Date last updated: September 30, 2026
Price: $159,900Investment Analyzer NEW!

Property Description

Investment Opportunity with Excellent Income Potential! This versatile multi-unit property is currently configured as 2 units but could easily be converted back to 3 units, offering outstanding flexibility for investors or owner-occupants. The main level features a spacious 3-bedroom, 1-bath unit with an area already plumbed for a second bathroom off the primary bedroom, providing added value and future potential. The upper level offers 2 bedrooms, 2 bathrooms, 2 kitchens, and a living room. It is currently being used as one unit but can easily be converted back into two separate apartments for additional rental income. Recent updates include new siding, a new roof, and a new water heater, helping minimize maintenance costs for years to come. Located directly on Sullivan's walking path in the heart of town, this property offers a prime location with convenient access to parks, shopping, dining, and local amenities. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income, this property offers exceptional flexibility and endless possibilities.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $159,900
Year Built: 1930
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 2
Number of Bathrooms: 2
Address: 422 E Washington St, Sullivan, IN 47882, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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