Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Real Estate Group
Property view

202-204 Mill Street, 
Gaston, IN 47342

$168,900


4

Beds


2

Baths


2,202

Sq Ft


Multi-Family

Sold

MLS#

202532289

Source:

Indiana Regional MLS

Company Logo

Sorry, we are unable to map this address

About This Home

202-204 Mill Street

Prime Investment Opportunity in Gaston! This full-brick duplex, built in 2006, is one of the best investment properties in the area. Each side offers 1,101 sq ft with 2 bedrooms, 1 bath, interior laundry, a spacious living room, and an oak cabinet kitchen complete with appliances (refrigerator, dishwasher, range, microwave, and water softener). One unit is currently leased at $850/month, while the freshly remodeled vacant unit is ready to lease at $900/month. Tenants pay all utilities, and both units feature high-efficiency furnaces and owned water softeners—keeping operating costs low. The owner pays for mowing as needed (very little to mow) and the property insurance is only $1080/yr. Once fully rented, you should see around $21,000 a year in annual gross rent. The vacant unit has been recently updated with new flooring, fresh interior paint, a new gas stove, and a modernized bathroom. Outside, you’ll find plenty of street parking and the option to add a privacy fence on the south side for extra separation from neighboring businesses. One tenant has been there for 3+ yrs and wants to continue, and the vacant property was leased for 3 yrs before that expired. This property has been meticulously maintained and is truly turn-key.

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 2006

Price Summary

179,900

$81 per Sq. Ft.

MLS #:

202532289

Sold:

November 12, 2025


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,202 Sq. Ft.


Structure

Structure

Architectural Style:

One Story, Ranch

Building Area:

2,202 Sq. Ft.

Year Built:

2006


Lot

Lot Size (Sq. Ft):

6,970


Finances & Disclosures

Finances

Price:

$179,900

Price per Sq. Ft:

$81 per Sq. Ft.

202-204 Mill Street
Source:Indiana Regional MLS
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.