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28 N Washington St, Knightstown, IN, 46148

2beds
5baths
7,872sqft
$325,000
$41price/sqft
$2,805/moest. monthly cost
$112,200/yrincome needed

About This Home

Updated investment property that checks all the boxes. Five unit building in historic Knightstown. Charming finishes, location, and appeal. Original hardwood floors, tall ceilings, and exposed brick walls mix with modern plumbing and electrical throughout. Unit 24 houses Historic Knightstown Inc and includes a show room, kitchenette, bathroom and storage. Unit 26 exudes character and features a lobby, three private offices and washer/dryer connection. Unit 28A (2nd FL) is features 14' ceilings and two large/open rooms. Unit 28B (2nd FL) is a fully renovated two bedroom apartment with open floor plan. Unit 32 is also fully renovated commercial unit. Each unit features an updated bathroom. Tenant pays gas & electric (individually metered). Owner pays water.

Getting Around

46
WalkingCar-Dependent
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

4/10
Knightstown High SchoolGrades 9-120.9 mi
7/10

Construction

Condition

  • Year built: 1900

Materials

  • Construction materials: Brick,Other,Masonry

Type & Style

  • Home type: MultiFamily
  • Architectural style: Traditional
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Electric Water Heater
  • Laundry features: Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Cellar,Partial

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 5
  • Full bathrooms: 1
  • 1/2 bathrooms: 4

Features

  • Ceiling-9+,Crown Molding
  • Flooring: Wood,Other,Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 7,872

Heating & Cooling

  • Heating features: Natural Gas,Forced Air,Other
  • Cooling features: Central Air

Interior Area

  • Total structure area: 10,758
  • Total interior livable area: 7,872 sqft

Property

Details

  • Parcel number: 331633241268.000030

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 4,486 sqft
  • Features: Level,City/Town/Suburb
  • Lot size dimensions: 38x75

Parking

  • Total spaces: 2
  • Parking features: Off Street Parking

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

  • Tornado
    TornadoVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Inland Flooding
Hail
Ice Storm
Lightning
Strong Wind
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 $1,643$19,716
Home Insurance *$260$3,120
Property Taxes $181$2,172
Electricity $721$8,659
Total$2,805$33,660
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$96,171/yr
40% on housing$84,150/yr
45% on housing$74,800/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: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.8%
3.8%
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 46148$107
Henry County$87

vs Homes Sold Last Month

Median $/sqft

ZIP 46148$97
Henry County$115

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
2025-08-25Price change$325,000
2025-05-12Listed for sale$340,000

For Sale by Agent

AgentCara J Huffman
BrokerageF.C. Tucker/Crossroads Real Estate

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