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Discover the incredible potential of this one-of-a-kind opportunity situated on approximately 3.73 scenic acres just 3 minutes from Cataract Marina and only moments from Cataract Falls, Lieber State Recreation Area, and I-70. Whether you're an investor looking for your next profitable project or a homeowner ready to build instant sweat equity, this property is packed with possibilities. Offering over 4,300 square feet, 5 bedrooms, 5 bathrooms, and an attached 3-car garage, the spacious layout provides an outstanding foundation for your vision. The home is being sold as-is and is ready for renovation, making it an excellent candidate for a rehab loan or experienced buyer looking to customize a property while building equity. The standout feature is the fully separate apartment complete with its own private entrance, garage, kitchen, living area, bedroom, bathroom, and laundry-creating an exceptional opportunity for multigenerational living, guest accommodations, long-term rental income, Airbnb potential, or a private home office. The ability to generate additional income while renovating or living on-site makes this property truly unique. Enjoy the peaceful setting with room to roam, entertain, garden, or simply relax while remaining just minutes from boating, fishing, kayaking, hiking, and some of Indiana's most beautiful outdoor recreation. With Cataract Marina only a short 3-minute drive away, weekend adventures are practically at your doorstep. (Realtor) Properties offering this much square footage, acreage, income-producing potential, and recreational access rarely become available at this price point. Whether you're planning to renovate and resell, build your investment portfolio, or create your dream country home with built-in rental income, this is an opportunity you won't want to miss. Bring your ideas, your contractor, and your imagination-this property's next chapter is waiting to be written!
Property Type(s):
Single Family
| Last Updated | 7/27/2026 | Tract | No Subdivision |
|---|---|---|---|
| Year Built | 1999 | Community | 6722 - Putnam - Cloverdale |
| Garage Spaces | 3.0 | County | Putnam |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Down Draft, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Oven, Range Hood, Water Heater |
| AREA | 6722 - Putnam - Cloverdale |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Vinyl Siding |
| GARAGE | Yes |
| HEAT | Baseboard, Electric, Natural Gas |
| INTERIOR | Breakfast Bar, Eat-in Kitchen, Walk-in Closet(s) |
| LOT | 3.73 acre(s) |
| PARKING | Attached, Detached |
| STORIES | Two, One and One Half |
| STYLE | Traditional |
| SUBDIVISION | No Subdivision |
| VIEW | Yes |
| VIEW DESCRIPTION | Trees/Woods |
| WATER | Public |
Location
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Listed with Three Seventeen Collective
Listing information is deemed reliable, but not guaranteed.
© 2026 Metropolitan Indianapolis Board of REALTORS®
© 2026 Metropolitan Indianapolis Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2026.
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