Frankfort, IN 46041 559 W Washington St.
$229,000
Presented By: Dave Rodkey with Dave Rodkey, REALTORS; Main: 765-659-1828
Beds • 5
Baths • 5
SQFT • 2,710
Home Details
5 UNIT INCOME PROPERTY - Unit #4 needs renovating and is not rentable in its present condition. All 4 tenants are multi-year tenants that have been paying $600./month and have all agreed to pay $700./month beginning August 1, 2025. Owner pays all utilities. Tenants own the air conditioners. New gas water heater in 2024. Expense figures in far right column of info sheet (Annual Exp Paid by Owner) are actual expenses for calendar year 2024. Income figures in the Additional Information column are proforma. 12x8 shed goes with this property. Owner does not know where the east or south property lines are.
Presented By: Dave Rodkey with Dave Rodkey, REALTORS; Main: 765-659-1828
Interior Features for 559 W Washington St.
Bedrooms
Num. of 1 Bedrooms5
Num. of 2 Bedrooms0
Num. of 3 Bedrooms0
Num. of 4 Bedrooms0
Unit 1-# of Bedrooms1
Unit 2-# of Bedrooms1
Unit 3-# of Bedrooms1
Unit 4-# of Bedrooms1
Unit 5-# of Bedrooms1
Above Grade Bedrooms5
Beds5
Below Grade Bedrooms
Bathrooms
Unit 1-# of Bathrooms1
Unit 2-# of Bathrooms1
Unit 3-# of Bathrooms1
Below Grade Baths
Other Interior Features
Unit 3 SqFt396
Unit 1 SqFt528
Unit 2 SqFt608
Unit 5 SqFt354
Total Finished SqFt2710
Basement Y/NYes
Above Grade Finished SqFt2710
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt0
Main Level SqFt1355
Num. of Efficiencies0
BasementPartial Basement
Basement MaterialBrick
Dishwasher(s)
Disposal(s)
Dryer(s)
FlooringCarpet
Microwaves
Ranges/Ovens5
Refrigerators5
Total Number of Units5
W/D Hookups
Washers
Other Rooms
Total Rooms Below Grade
General for 559 W Washington St.
# of Buildings1
Age135
Agent First NameDave
Agent Last NameRodkey
Annual Electric Expense3485.08
Annual Fuel Expense1273.63
Annual Insurance Expense1400
Annual Trash Expense756
AreaClinton County
Assoc. Dues FrequencyNot Applicable
Associated Document Count
Auction Y/NNo
Bathrooms5
CityFrankfort
ClassINVESTMENT
CoolingNone
DOM
Elementary SchoolBlue Ridge / Green Meadows
FIPS Code18023
FeaturesPorch Covered, Water Heater Gas
Full Baths5
Half Baths
HeatingGas, Hot Water
High SchoolFrankfort
Inside City LimitsYes
Legal DescriptionArmantrout's addition part lot 4
LocationCity/Town/Suburb
Middle SchoolFrankfort
ModificationTimestamp2025-07-01T20:30:31.4
Net Income22939.37
New ConstructionNo
OwnerPaysBuilding Insurance, Electric, Heating, Maintenance, Sewer, Water
Pet Restrictions Y/NYes
REONo
Rent Income33600
School DistrictCommunity Schools of Frankfort
SewerCity
StatusActive
StatusActive
Status Detail0
Stories2
StyleTwo Story
SubdivisionOther
Tax Year2025
Tenant PaysNone
Total Sq Ft2710
TownshipCenter
TypeFiveplex
Year Built1890
Zoning DescriptionCB Central Business
Exterior for 559 W Washington St.
Approx. Lot Size Acres0.15
Electric Meters1
ExteriorVinyl
Gas Meters1
Lot DescriptionCorner
Lot Dimensions51x152
Lot Size Area6534
Number of Parking Spaces
OutbuildingShed
Outbuilding SqFt96
PoolNo
ROOF MATERIALShingle
Road AccessCity
Road SurfaceAsphalt
Water Meters1
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Frankfort Middle School
High School
Frankfort High School
Elementary School
Blue Ridge / Green Meadows Elementary School
Ryan Orr
Associate
