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409 Waynetown Road, 
Crawfordsville, IN 47933

$249,900


Bed


Bath


-

Sq Ft


Multi-Family

Pending

Listed by

Lisa Taylor

Taylor Real Estate Specialists

765-362-4123

Last updated:

September 17, 2026, 07:40 AM

MLS#

22122420

Source:

IN MIBOR | Licensed in Indiana

About This Home

409 Waynetown Road

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 investor 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.

Home Facts

Multi-Family

Built in 1964

Subdivision & Development:

No Subdivision

Price Summary

249,900

MLS #:

22122420

Last Updated:

September 17, 2026, 07:40 AM

Added:

15 day(s) ago


Structure

Structure

Architectural Style:

Ranch

Year Built:

1964


Lot

Lot Size (Sq. Ft):

23,086


Finances & Disclosures

Finances

Price:

$249,900

Source:IN MIBOR | Licensed in Indiana
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.