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196 E Main St, Wabash, IN, 46992

6beds
1baths
3,692sqft
$153,000
$41price/sqft
$1,455/moest. monthly cost
$58,200/yrincome needed

About This Home

Here is your chance to bring a remarkable piece of local history back to life. Built in the 1890s, this Queen Anne–style home offers approximately 3,692 sq ft on the first and second floors and showcases many exterior improvements already completed to restore its historic character. The property is protected by an Exterior Covenant held by Indiana Landmarks, ensuring its architectural features are preserved for generations. Inside, the home is ready for a full renovation. Plumbing, heating, electrical, flooring, walls, and trim will require substantial work, but several original elements remain, including portions of the staircase, detailed trim, and two impressive oak fireplace mantels. Many main-level windows have been replaced with custom-fitted Anderson units to replicate missing or damaged sashes. Originally built as a duplex, the layout includes two kitchens, two dining rooms, two living rooms, two bathrooms, and six second-floor bedrooms—providing flexibility to restore as a two-unit residence or reconfigure into a spacious single-family home. A full basement, attached two-stall garage, and a large third-floor attic offer storage or potential expansion space. Buyers will need pre-approval for both acquisition and renovation costs. A restoration plan must be submitted and approved prior to offer acceptance By the Historic Landmarks Foundation Board of Directors. As an added incentive, a $10,000 credit once the renovations are completed within 18 months of purchase and city of Wabash issues an occupancy permit.

Getting Around

61
WalkingSomewhat Walkable
0
TransitVery Limited Transit
31
BikeSomewhat Bikeable

Schools

5/10
Wabash Middle SchoolGrades 5-80.8 mi
7/10
Wabash High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1890

Materials

  • Foundation: Stone
  • Roof: Slate
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Victorian
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished,Exterior Entry

Bedroom1

  • Level: Upper

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main
  • Area: 228

Features

  • Formal Dining Room
  • Flooring: Hardwood,Other
  • Number of fireplaces: 2
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 3,692

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total structure area: 7,428
  • Total interior livable area: 3,692 sqft

Kitchen

  • Level: Main
  • Area: 204

Living Room

  • Level: Main
  • Area: 208

Property

Details

  • Parcel number: 851411403027.000009

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Porch Covered
  • Fencing: None

Lot

  • Lot size: 6,054 sqft
  • Features: Corner Lot,Level,City/Town/Suburb

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Hail
Inland Flooding
Lightning
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $773$9,276
Home Insurance *$138$1,656
Property Taxes $206$2,472
Electricity $338$4,061
Total$1,455$17,460
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$49,885/yr
40% on housing$43,650/yr
45% on housing$38,800/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$41This listing

vs Other Active Listings

Avg $/sqft

ZIP 46992$109
Wabash County$115

vs Homes Sold Last Month

Median $/sqft

ZIP 46992$110
Wabash County$92

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-14Price change$153,000
2025-12-12Listed for sale$180,000

For Sale by Agent

AgentRobert Lundquist
BrokerageLundquist Appraisals & Real Estate

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