Sold for $1,800,000 Listed for $2,000,000
This property is not currently for sale or for rent.
* POTENTIAL PARTIAL SELLER FINANCING! * An exceptional investment opportunity awaits with this well-maintained 24-unit apartment complex situated on a sprawling 6-acre lot in charming Pierceton, IN. Comprised of 12 duplexes, the property features twenty-three 2 bed / 1 bath units and one 1 bed / 1 bath unit, offering a total rental income of $19,440/month, with 23 units currently leased. Income can easily be brought up through multiple avenues! Each unit includes off-street parking for two cars, and tenants pay their own gas and electricity—keeping overhead low. A separate building provides on-site laundry facilities with coin-operated machines, a garage, and dedicated storage space, generating additional income potential and convenience for tenants. Ideally located near Pierceton Skate Park, Forest Ridge Family Campground, and just 15 minutes from Downtown Warsaw, this property offers the perfect balance of peaceful living with quick access to nearby amenities. Also very strong medical employers in close proximity allowing for strong tenant base! Whether you're expanding your portfolio or seeking a high-performing multifamily asset, this turnkey complex delivers stable cash flow, long-term growth, and rare scale in a desirable setting.
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| MLS # | 202528244 |
|---|---|
| Date Listed | 2025-07-18 |
| Status | Sold |
| Property Type | Investment |
| Property SubType | Apartment Complex |
| Square Feet | 18357 sqft |
| New Construction | No |
| Style | One Story |
| Type | Apartment Complex |
| Bedrooms | 47 |
| Bathrooms | 25 (24 Full, 1 Half) |
| Annual Taxes | $11,856.00 |
| Year Taxes Payable | 2025 |
| Year Built | 1976 |
| Days on Market | 63 |
| Living Room | 23 × 0 | Level |
| 4th Bedroom | 25 × 24 | Level |
| 5th Bedroom | 24 × 24 | Level |
| Extra Room | 3 × 3 | Level |
| Full Baths | 47 Main |
| Construction | Apartment Complex |
|---|---|
| Lot Size | 261,360 sq ft |
| Acreage | 6.00 Acres |
| Fence | None |
| Area | Kosciusko County |
|---|---|
| County | Kosciusko |
| Subdivision | None |
| Township | Washington |
| City | Pierceton |
| State | IN |
| Zip | 46562 |
| School District | Whitko |
|---|---|
| Elementary | Pierceton |
| Middle School | Whitko |
| High School | Whitko |
| Assoc. Dues | $0.00 Not Applicable |
|---|
MLS# 202528244
IDX information provided by the Indiana Regional MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Jordan Wildman
eXp Realty, LLC
Home: 260-498-0384
Listing updated October 2, 2025 at 4:30 pm
Last checked 10 minutes ago