Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
Courtesy of eXp Realty, LLC, Marcy Fox, Cell: 317-588-0122
6 Beds
3 Baths
2,980 sqft

$288,807

807 S Franklin Street, Winamac IN, 46996

Price per sqft$96.92
Built in1890
Property size2,980 sqft
Property typeResidential

Overview

Active

Updated 12 days ago

A rare investment opportunity on 1.43 acres inside the Winamac city limits, offering three distinct living spaces, multiple garages, and plenty of parking. This property provides excellent flexibility for investors seeking income potential, extended-stay arrangements, or multi-living configurations. The main residence includes a spacious main-level layout with four bedrooms, a full bath, large living room, formal dining or family room, and an updated kitchen featuring island seating space, built-in coffee bar, and included appliances. A rear mudroom/laundry area provides additional storage, utility sink, washer/dryer, and a convenient half bath. The upper level is accessible by an interior staircase as well as a separate exterior entrance, creating a natural second living area. The upper space includes a loft-style living room, kitchenette with breakfast nook, two bedrooms, and a full bath. This floor has operated independently in the past and offers excellent potential for a private suite or separate living quarters. An attached one-car garage, two additional storage bays, lean-to, and concrete side patio add on-site utility for tenants or owners. The deep 1.43-acre lot extends to the rear tree line with the Panhandle Pathway located just beyond the back of the property. A second detached dwelling further enhances income options. This single-story structure includes an open kitchen and living area (appliances included), two bedrooms, a full bath, and its own attached garage (no direct interior access). Previously leased, this dwelling offers immediate or long-term rental potential. With versatile living spaces, multiple entrances, separate electric meters, abundant parking, and a desirable in-town acreage setting, this property presents numerous configuration options for investors or owner-occupants seeking supplemental income. A unique opportunity to acquire a flexible multi-living property in Winamac with room to expand, customize, or optimize rental arrangements.

$1,921/mo

Est. mortgage payment based on a $288,807 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202546828

Interior Features

Bedrooms
6
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
1.43 Acres

Other Property Details

Taxes
$2,000
Tax Frequency
Annually
Maintenance Expense
$6,000
MLS provider logo

Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Masterson & Associates Inc shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 9/28/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by the MLS, and that the use of the MLS data may be subject to an end user license agreement prescribed by IRMLS as amended from time to time. 

©2026 Indiana Regional MLS. All rights reserved.

Data last updated 12:29 AM UTC, 9/28/2026

DMCA Notice

 

Powered by Luxury Presence