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  • $1,800,000

    7028 E Heritage Dr, Pierceton, IN 46562

    47beds
    18,357sqft
    Multi Family
    Built in 1976
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $911 Estimated rent

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    $911/mo

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    $911/mo

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    $8,570/mo

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    $8,570/mo

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    What's special

    * 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.

    Zillow last checked: 7 hours ago

    Listing updated: October 02, 2025 at 01:27pm

    Listed by:

    Jordan Wildman Home:260-498-0384,

    eXp Realty, LLC

    Bought with:

    Scott Gingerich, RB15000998

    The Gingerich Group

    Source: IRMLS,MLS#: 202528244MLS Logo

    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

    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 & neighborhood

    Community
    • Community features: Laundry Facilities
    Location
    • Region: Pierceton
    • Subdivision: None

    HOA & financial

    Other financial information
    • Total actual rent: 233280

    Other

    Other facts
    • Listing terms: Cash,Other
    Services availability