About 642 Water Street
Excellent investment opportunity in the heart of Hobart! This 5-unit property offers a mix of one-bedroom and efficiency apartments, plus a larger 3-bedroom unit, all with strong rental history. With a total living area of 2,738 sq. ft. and on-site basement storage/common area, the property is both functional and efficient. Off-street parking available for tenants. Conveniently located near downtown Hobart, schools, shopping, and Lake George. A solid income-producing property ready to generate immediate cash flow for an investor!
Features of 642 Water Street
| MLS® # | 829278 |
|---|---|
| Price | $279,900 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Acres | 0.17 |
| Year Built | 1905 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Pending |
Community Information
| Address | 642 Water Street |
|---|---|
| Subdivision | Geo & Wm Earles |
| City | Hobart |
| County | Lake |
| State | IN |
| Zip Code | 46342 |
Amenities
| Parking | On Street |
|---|---|
| Is Waterfront | No |
| Waterfront | Lake Front |
| Has Pool | No |
Interior
| Interior Features | Other |
|---|---|
| Appliances | Dryer, Washer, Refrigerator, Range |
| Heating | Baseboard, Hot Water, Unit Control, Common |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Has Basement | Yes |
| Basement | Partially Finished, Walk-Out Access |
Exterior
| Exterior Features | Private Yard |
|---|---|
| Lot Description | Back Yard |
Additional Information
| Date Listed | October 13th, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Anthony Sobczak |
|---|---|
| Office | VIA Realty |