# 4283 W 500 S, Albion, IN 46701

> **TL;DR:** 2bd/1ba residential multi family, $190,000 ($207/sqft), 920 sqft.
> Waterfront. Est. $823/mo. Listed 49 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $190,000 |
| Price/sqft | $207 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Square Feet | 920 |
| Lot Size | 6,839 sqft (0.16 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 49 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $823 |
| **Total** | **$823** |

## Nearby Schools

- **Elementary:** Central Noble
- **Middle:** Central Noble Jr/Sr
- **High:** Central Noble Jr/Sr

## Key Amenities

- Waterfront

## Property Highlights

- 0.16 acre lot
- Waterfront

## Description

### Agent Description
Prime opportunity on sought-after Big Lake with 50 feet of water frontage. Notorious for the best fishing around, this 920 sq ft home sits directly on the water in a great setting where opportunities like this don’t come around often. The structure offers solid bones and a newer roof (within the last couple of years), giving you a strong starting point. Interior will require renovation due to prior damage from burst water pipes during winter a couple of years ago—please refer to photos for current condition. Whether you’re an investor, flipper, or buyer looking to create your own lake getaway, this property is full of potential. With the right vision and updates, this could be transformed into a standout lake property in a highly desirable location. Rare chance to build equity and make Big Lake your own.

## Location

- **Address:** 4283 W 500 S, Albion, IN 46701
- **County:** Noble County
- **Neighborhood:** None
- **Coordinates:** 41.28052513, -85.50423508
- **Google Maps:** https://www.google.com/maps?q=41.28052513,-85.50423508

## Listing Agent

- **Name:** Vincent Crump
- **Brokerage:** North Eastern Group Realty
- **Phone:** 2603184990
- **Email:** vincecrump1@gmail.com

## Primary Photo

![4283 W 500 S - Primary Photo](http://lh.rdcpix.com/05a8deeb0bccdbd321d490cf02f49d3bl-f1924523383r.jpg)

*10 total photos available on [listing page](https://www.propertysimple.com/listing/4283-w-500-s-albion-in-46701-02612884)*

---

**MLS#:** 202612884 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/4283-w-500-s-albion-in-46701-02612884)

---

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