316 S Lee Street, Garrett, IN 46738
316 S Lee Street, Garrett, IN 46738
316 S Lee Street, Garrett, IN 46738
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Listed by Ivan Koblov • Keller Williams Indy Metro NE • Cell: 317-850-7985
$219,900
Est. payment /mo
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3 Beds
3 Baths
2,004 SqFt
Pending

316 S Lee Street Garrett, IN 46738

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Timothy Vicsik

Timothy Vicsik

+1(574) 329-9587

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,004 sqft

MLS Listing ID 202632112

Style One and Half Story

Bedrooms 3

Full Baths 3

Abv Grd Liv Area 2,004

Total Fin. Sqft 2004

Year Built 1900

Annual Tax Amount $800

Tax Year 2025

Lot Size 5,662 Sqft

Property Sub-Type Triplex

Property Description

Well maintained fully occupied triplex - one of NE Indiana's stronger, faster-appreciating submarkets. Two units thoroughly updated within the last few years; third in good condition with a long-term tenant. Unit 1 (first floor, most updated): $1,000/mo Unit 2 (upstairs, long-term tenant, about 10 yrs): $750/mo Unit 3 (back, updated): $1,050/mo Owner pays utilities and lawn care. Off-street parking for 3-4 vehicles. Separate basement access for all units. 3 separate washer/dryer connections (gas and electric) are available and currently unused. Gross: $33,600/yr NOI: $24,900/yr Cap rate: 11.3% GRM 6.5

Location

State IN

County Dekalb County

Area Dekalb County

Direction GPS Friendly

Rooms

Family Room 750 x 1050

Dining Room 0 x 1000

Interior

Flooring Mixed

Appliance Building, Land, Lease

Laundry , 4

Exterior

Garage Spaces 1.0

Amenities Available Basement

Total Parking Spaces 4

Building

Lot Description Irregular

Story 2

Structure Type Aluminum,Brick

New Construction No

Schools

Elementary Schools J.E. Ober

Middle Schools Garrett

High Schools Garrett

School District Garrett Keyser Butler

Others

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202632112

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.

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Timothy Vicsik

Timothy Vicsik

Broker Associate | RB14051798

+1(574) 329-9587

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316 S Lee Street

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