701-703 N College Avenue

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Address: 701 N College Ave, Rensselaer, IN 47978, USA
Chicago & Midwest + Apartment Buildings
Created date: August 20, 2026
Date last updated: September 13, 2026
Price: $369,900Investment Analyzer NEW!

Property Description

Excellent Investment Opportunity! This well-maintained, fully furnished duplex offers established rental income and a convenient location. Both units are furnished and ready for continued use, providing added value and convenience for the next owner. Each unit offers a living room, dining area, fully-applianced kitchen, tiled bathroom w/heated floors, 2 bedrooms, & 1 car att. garage. Also, each patio door leads to their own private outdoor patio space, making this property an attractive option for an investor seeking an income-producing property. The property also provides flexibility for an owner-occupant who may choose to live in one unit while renting the other. In addition, future strategy potential exists to explore possibly a condominium conversion. Conveniently located on a corner lot in town, just off the I-65/SR 114 corridor, this property combines location, condition, furnishings, & income potential. Whether you're looking to expand an investment portfolio, pursue an owner-occupied strategy, or explore the potential for future condominium conversion and separate sale, this property offers multiple possibilities.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $369,900
Year Built: 2012
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 4
Number of Bathrooms: 2
Address: 701-703 N College Avenue, Rensselaer, IN 47978, 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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