110 S Cowen Street, Garrett, IN 46738

• 5 beds |
• 3 baths |
• 3,342 sqft

Property Description

TRIPLEX in DeKalb County. This brick home situated on 2 lots near downtown Garrett is a turn key investment. Unit 1 (vacant for showings:upstairs) rents is a 3 bed 1 bath and rents for $975, unit 2 is 1 bed 1 bath and rents for $685 (month to month lease, unit 3 is a 1 bed 1 bath and rents for $675 (expires 1-31-27). $2335 monthly income! Property insurance is $926/yr and taxes are $2843/yr. Each unit is RUBS Water/sewer/trash. Professional management in place. 1 water/sewer meter, 3 electric meters, basement access from exterior. Each unit has a stove/refrigerator. Unit 1 has a gas furnace (1 gas meter). Unit 2 is electric baseboard. Unit 3 is all electric baseboard heat. Parking in the rear of unit. Owner pays to mow lawn. Year 1 Estimated Value: $228,800 Year 1 Appreciation Gain: $8,800 Year 1 ROI on Cash Invested: 19.6% Year 5 Estimated Value: $267,664 Year 5 Appreciation Gain: $47,664 Year 5 ROI on Cash Invested: 105.9%

Listing Status:

Pending

Date Added:

June 25, 2026

Data Last Updated:

July 7, 2026 at 4:59PM

Listing Office:

Open Door Rentals and Real Est : 260-333-7368

Listing Agent:

Tammie Jones : 260-438-1087

MLS ID:

202625190

Interior

• Basement: Full Basement
• Flooring: CarpetLaminate
• A/C: Window
• Heating: BaseboardForced Air

Exterior

• General: Brick
• Style: Two Story
• Other Structures: None
• Parking: GravelParking spaces: 6

Construction

• Roofing: Shingle

Location

• School District: Garrett Keyser Butler

Lot

• Zoning: OP17-09-04-233-020.000-013