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409 Waynetown Road

Crawfordsville, IN 47933
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Bed 0

Bed

Bath 0

Bath

Acres0.53

Acre(Lot)

INVESTOR OPPORTUNITY! Add a four-unit income-producing property to your portfolio with $2900 in current monthly rental income, or $34,800 annually. Priced at $249,900, this Crawfordsville fourplex offers multiple revenue streams, four separate apartments, and additional storage that adds value for both the owner and tenants. The property includes two 1-bedroom apartments plus larger 2- and 3-bedroom units, providing a diverse mix that can appeal to different segments of the rental market. The lower-level apartment is one of the four units and is one of the larger apartments. It features a partial walk-out design, egress windows, and exterior access. Select units also offer laundry connections. Current rents are well below market rates and range from $575 to $825 per month, giving an inv estor an established income stream from day one and potential growth. Tenants pay their own electric, while the owner currently pays sewer, trash pickup, lawn care, and gas where applicable. Beyond the four apartments, the property offers four separate storage units and a carport accommodating two vehicles. The former attached garage is now utilized strictly for storage. The approximately 0.53-acre property also features a brick exterior, mature trees, and asphalt parking. At $249,900, the property represents an attractive entry point for investors seeking a multi-family asset with four rental units, established rents, multiple bedroom configurations, and additional storage income potential. Whether you're expanding an existing portfolio or looking for your first multi-family investment, this property offers the opportunity to build equity while generating rental income. Conveniently located on Waynetown Road in Crawfordsville and served by Crawfordsville Community Schools. Property is being sold subject to tenant rights.

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Detail Ic Property Details

Property Type : Residential Income

Price : $249,900

AD Id : 90976726

MLS Id : MBR22122420

Lot Size : 0.53 Acre

Year Built : 1964

County : Montgomery

Subdivision: No Subdivision

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Feature Features

  • Room Information

    Has Basement: Yes

    Interior Features

    Roof: Metal Laundry Features: Connections Some, Laundry Room

    Roofing Information

    Metal
  • Flooring Information

    Construction Materials: Brick
  • Heating & Cooling

    Heating: Electric, Forced Air, Natural Gas, Heat Pump, High Efficiency (90%+ AFUE ) Cooling: Central Air, Heat Pump

  • Building Information

    Year Built: 1964
  • Exterior Features

    Storage Construction Materials: Brick Foundation Details: Block

  • Lot Information

    Lot Description: Irregular Lot, Not In Subdivision, Mature Trees Lot Square Feet: 23087 Lot Acres: 0.53

    Property Information

    Property Type: Residential Income Sub Type: Quadruplex Style: Ranch Structure Type: Quadruplex

  • Listing Price Information

    Original List Price:$249900

  • Tax Information

    Tax Lot: 07-31-332-045.001-030 Tax Legal Description: Pt Swq 31-19-4 0.53 A Tax Year: 2025 Parcel Number: 540731332045001030 Tax Exemption: Other Tax Exemption/See Remarks

  • Parking Information

    Carport, Detached, Asphalt

  • School Information

    Junior High School: Crawfordsville Middle School
  • Location Information

    Subdivision: No Subdivision City: Crawfordsville Direction: GPS Friendly
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
412 Spann Avenue, Crawfordsville, IN, 47933 $224,900 -- -- -- 0.12 Acre
912 W Market Street, Crawfordsville, IN, 47933 $169,900 -- -- -- 0.14 Acre
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ByOwner last updated this listing 09/04/2026 @ 18:20

MLS: MIBOR #22122420 LISTED BY: Lisa Taylor, Taylor Real Estate Specialists 765-362-4123 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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