* 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 $16,690/month, with 20 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.
Active
$2,000,000
7028 E Heritage Dr, Pierceton, IN 46562
47beds
18,357sqft
Est.:
Multi Family
Built in 1976
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
On-site laundry facilitiesDedicated storage spaceCoin-operated machines
- 24 days
- on Zillow |
- 1,635 |
- 112 |
Zillow last checked: 7 hours ago
Listing updated: August 11, 2025 at 03:05pm
Listed by:
Jordan Wildman Home:260-498-0384,
eXp Realty, LLC
Source: IRMLS,MLS#: 202528244

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 47
- Bathrooms: 25
- Full bathrooms: 24
- 1/2 bathrooms: 1
Heating
- Natural Gas, Forced Air
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Vinyl
- Has basement: No
Interior area
- Total structure area: 18,357
- Total interior livable area: 18,357 sqft
- Finished area above ground: 18,357
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 48
- Parking features: Off Street, Circular Driveway, Concrete, Gravel, Shared Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Waterfront features: None, Pond
Lot
- Size: 6 Acres
- Features: Level
Details
- Additional structures: None
- Additional parcels included: 4312-22-400-223.000-029
- Parcel number: 431222400018.000029
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Asphalt, Shingle Siding, Vinyl Siding
- Foundation: Slab
- Roof: Asphalt,Metal,Shingle
Condition
- New construction: No
- Year built: 1976
Utilities & green energy
- Electric: REMC
- Gas: NIPSCO
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Features: Laundry Facilities
- Subdivision: None
Location
- Region: Pierceton
Financial & listing details
- Tax assessed value: $402,500
- Annual tax amount: $6,617
- Date on market: 7/19/2025
- Listing terms: Cash,Other
- Inclusions: Business, Land, Lease
- Lease term: 12 Months
- Total actual rent: 200280
- Tenant pays: Electricity, Fuel
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