Property listing for 204 2nd Street, Russellville, Indiana 46175
For SaleSingle Family Home

$200,000

204 2nd Street, Russellville, Indiana 46175

Generous 3-Bed Historic Home on Half-Acre Lot in Russellville

3 Bed · 2 Bath · 2,560 Sq Ft

Updated 1900-era two-story with hardwoods, detached 2-car garage

3

Beds

2

Baths

2,560

Sq Ft

1900

Built

0.5 acres

Lot

2-car detached

Garage

About 204 2nd Street

This is a home that reads large—2,560 square feet across two stories and sited on a level half-acre parcel with frontage on 2nd Street. Built in 1900 and thoughtfully updated, the house balances historic scale with practical modern upgrades: an updated kitchen and renovated bathrooms, wide-plank hardwood floors that run through the principal rooms, central air, and forced-air heat. Living spaces are generous and flexible, offering distinct rooms for family gatherings and quiet corners for work or reading.

Downstairs centers on a well-proportioned living room and a dining area that can host weekday meals or holiday dinners. The updated kitchen—one of the home's most used spaces—pairs newer finishes with a layout that supports both everyday routines and larger gatherings. Two full bathrooms have been refreshed to reduce near-term maintenance, and original-era details remain in place where they enhance character.

Upstairs houses the three bedrooms, each sized to fit full or queen beds and storage. The unfinished basement provides ready storage or a future workshop zone, while the detached two-car garage and additional driveway parking answer the needs of vehicles and lawn equipment. The roof is asphalt shingle and utilities include municipal water and sewer, Duke Energy electric, and Vectren gas.

Outside the half-acre lot opens possibilities: room for a vegetable garden, a play area, or an expansion project. The property sits a short walk from Russellville Community Center (≈0.2 mi) and Russellville Park (≈0.3 mi), giving homeowners green space and community programming within easy reach. For families, the North Putnam schools serve the town; North Putnam Sr High is noted locally for strong outcomes.

Practical investors and owner-occupants will note the assessed value that trails market indications and a valuation analysis that places fair market between $180,000–$220,000 (midpoint $200,000). The property was listed for auction in early May 2026—interested buyers should confirm auction terms and complete on-site inspections and title review. This is a rare combination in Russellville: a spacious, updated historic home on a large lot in a quiet small-town setting.

Home Highlights

Move-in ready condition with recent interior updatesSpacious 2,560 SF two-story layoutHalf-acre lot with expansion potentialDetached 2-car garageHardwood floorsCentral air and forced-air heatEstimated market value $180K–$220K

Property Features

Interior Features

  • 3 bedrooms, 2 full bathrooms
  • 2,560 square feet across two stories
  • Updated kitchen and renovated bathrooms
  • Hardwood floors in principal rooms
  • Central air and forced-air heating
  • Unfinished basement for storage or future finish

Exterior & Lot

  • 0.5-acre level lot with frontage on 2nd Street
  • Detached 2-car garage plus driveway parking
  • Asphalt shingle roof
  • Room for garden, play area, or expansion
  • Standard residential driveway access

Location & Neighborhood

  • Short walk to Russellville Community Center (≈0.2 mi)
  • Russellville Park within walking distance (≈0.3 mi)
  • Located in Russellville, Putnam County, Indiana
  • Served by North Putnam Community Schools
  • Quiet, residential street in a small-town setting

Walkability & Recreation

  • Walkability Rating: 40/100 — Car-Dependent
  • Russellville Park (0.3 mi) and Community Center (0.2 mi)
  • Local green space for daily walks and play
  • Easy driving access to regional amenities and services

Neighborhood & Location

Russellville is a small, close-knit town where community amenities are within easy reach. Residents enjoy the town park and community center just steps from this property, local events, and the quieter pace of Putnam County living. Families benefit from access to North Putnam Community Schools, including a highly regarded high school, while daily needs and larger shopping options are a short drive away. The neighborhood is primarily residential—quiet streets, level lots, and a strong small-town community feel.

Market Insights

Russellville's market today reads as balanced with a tilt toward steady demand. Local metrics show roughly 3 months of inventory and an average days on market near 45 — figures consistent with a market where sellers can find buyers relatively quickly but where buyers still have time to assess opportunities. Median sale prices in the immediate area cluster around $150,000, while our property-level sales-comparison analysis places this 3BR/2BA at an estimated $180k–$220k (midpoint $200k), reflecting size and lot-premium adjustments.

Single-family homes in Putnam County and Russellville typically appreciate at modest rates; recent data indicates ~3% one-year appreciation and about 15% over five years, pointing to gradual, stable growth rather than rapid inflation. Rental comps show estimated monthly rents near $1,100–$1,200 and a gross yield around 7.2% for similar homes — a reasonably attractive figure for buy-and-hold investors in a small-town context.

Given low inventory and the property’s large lot and recent interior updates, now is a sensible window for buyers seeking value and for investors who favor stable yields. Buyers should note this listing moved to auction in May 2026; that process can accelerate timelines and create bidding competition, so confirm auction details and complete due diligence (inspections, permits, title) before committing.

Nearby Schools

North Putnam Sr High School

High

10/10

North Putnam Middle School

Middle

5/10

Roachdale Elementary School

Elementary

5/10

Walkability & Recreation

40
Walkability
65
Recreation

Strong immediate access to Russellville Park and the community center within walking distance, with additional regional outdoor amenities a short drive away.

Investment Highlights

  • Recently updated kitchen and bathrooms enhance modern appeal
  • Spacious 0.5-acre lot offers outdoor potential
  • Detached 2-car garage provides ample storage and parking
  • Located near community amenities and parks
  • Historic charm with modern conveniences

Key Findings

  • Assessed value of $112,400 for 2024 tax year
  • Property listed for auction on May 4, 2026
  • Located in a small town with a population of approximately 300
  • High school rated 10/10; elementary and middle schools rated 5/10

Things to Consider

  • Built in 1900 — potential for aging infrastructure
  • Limited local amenities due to small town size
  • Property currently listed for auction — potential competition from other buyers

Opportunity Analysis

Well-maintained historic home in a peaceful small-town setting with recent updates and a spacious lot. Offers a blend of charm and modern convenience at a competitive price point.

Potential Use Scenarios

  • Ideal for buyers seeking a quiet, small-town lifestyle
  • Potential for further customization or expansion given the large lot
  • Consideration for rental income potential in a stable community

Risk Factors

  • Potential maintenance issues due to age of property
  • Limited local amenities may not appeal to all buyers
  • Auction listing may result in competitive bidding environment

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$180K

Midpoint

$200K

High

$220K

$78/SF estimated price per square foot

80% confidence

Sales comparison approach using recent sales of similar properties in Russellville. Adjusted for size, condition, and lot size. Assessed value of $112,400 appears below market.

As of 2026-05-16

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$150,000
Avg Days on Market45 days
Inventory3 months
1-Year Appreciation+3.0%

Demographics

Population (1 mi)300
Median Income (1 mi)$50,000

Stable small-town population with modest income levels.

Nearby Points of Interest

  • Russellville Community Center (0.2 mi)
  • Russellville Park (0.3 mi)

Located in a quiet residential area with proximity to community amenities and parks.

School District

DistrictNorth Putnam Community Schools
ElementaryRoachdale Elementary School (5/10)
MiddleNorth Putnam Middle School (5/10)
HighNorth Putnam Sr High School (10/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1900
Constructionwood frame
Stories2
Roofasphalt shingle
Heatingforced air
Coolingcentral AC
Basementunfinished
FireplaceNo
Conditiongood

Lot & Site

Lot Size0.5 acres (21,780 SF)
Topographylevel
Parkingdetached_garage
Parking Spaces2
FrontageFrontage on 2nd Street

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy
GasVectren Energy

Zoning & Land Use

DescriptionResidential
JurisdictionTown of Russellville

Allowed Uses

single family residential
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$112,400
Land$112,400
Annual Tax (2024)$321

Sale History

2026-05-04$0

Property listed for auction

Are You the Listing Agent?

Claim this property page to feature your contact info, photos, and list price.

Claim This Listing — $49

One-time fee. Your info appears on this page across CompCasa.

Request a Showing

Connect with a licensed local agent in this area.

Request a Showing

Are you a buyer's agent?

Claim ZIP 46175 — $49/yr

Property details may be compiled from public records, MLS-derived data, and automated analysis. Agent claim indicates the agent has claimed this profile or confirmed representation of the property; it does not mean the agent has verified all property details.

Request a Showing