Charming Historic Home on Double Lot With Endless Potential — Only $149,900
516 W Hill St, Wabash, IN 46992
Located in the heart of Wabash, this spacious and character-filled property presents a rare opportunity to revive a true piece of local history. Priced at an attractive $149,900, 516 W Hill Street offers remarkable architectural charm, original craftsmanship, and generous living space, all set on a double lot with a detached 2-car garage and carport. For buyers who appreciate historic homes and are ready to bring out their full potential, this residence delivers incredible value and possibility.
Historic Character From the Moment You Enter
The home’s charm begins immediately upon entry with an impressive, beautifully crafted staircase, highlighted by a stunning brass chandelier—a timeless focal point that sets the tone for the craftsmanship found throughout the home. Original woodwork, tall ceilings, and period details give the property a sense of warmth and grandeur that is difficult to replicate in modern construction.
Much of the home still features its original hardwood floors, which could be refinished to bring back their natural beauty. The presence of original tile also adds to the authenticity and historic appeal, giving the home a foundation of quality materials that renovation enthusiasts will appreciate.
Spacious Layout With Five Bedrooms
With five bedrooms and 1.5 bathrooms, this home provides a large and flexible footprint. Whether you envision multiple bedrooms, guest rooms, hobby spaces, or home offices, there is room to grow and accommodate a variety of lifestyles. The layout allows for creative reimagining while still preserving the home’s historic soul.
One of the standout features is the staircase leading to the unfinished attic, an area filled with potential. This attic could be transformed into an additional bedroom, studio, playroom, or even a cozy retreat. The ability to finish this space adds significant future value and gives buyers the chance to personalize the home to suit their needs.
A Bright and Inviting Sunroom
Another highlight of the property is the large sunroom, an inviting space filled with natural light. With its expansive windows and views of the yard, the sunroom offers a tranquil spot for morning coffee, afternoon reading, or entertaining guests. It is the type of room that quickly becomes a favorite, offering year-round enjoyment and extending the home’s living area.
Set on a Double Lot With Excellent Outdoor Amenities
The home sits on a spacious double lot, an uncommon benefit in this area. This extra outdoor space provides opportunities for gardening, landscaping, play areas, or outdoor entertaining. Whether you dream of adding a firepit, planting a garden, or creating a beautiful outdoor oasis, the possibilities are abundant.
The property also includes a detached two-car garage, complete with a connected carport, offering ample parking and storage. The concrete driveway and additional uncovered parking ensure convenience for homeowners and guests alike.
Recent Updates Already Completed
While the home does require TLC and restoration, many important updates have already been completed—reducing the workload for the next owner and focusing efforts on cosmetic improvements. Recent updates include:
New gas lines, offering safety and peace of mind
Boiler serviced in 2024, ensuring the heating system is functioning as expected
Plumbing repairs on the main level, addressing essential water needs
New wiring updates in portions of the attic, supporting improved electrical reliability
These updates show that key systems have been maintained or improved, allowing buyers to focus primarily on restoring the home’s beauty and making it their own.
An Incredible Chance to Revitalize a Wabash Gem
For lovers of historic homes, this property represents a dream renovation opportunity. With its original architectural details, spacious layout, double lot, and already-started updates, 516 W Hill Street is ready for someone to bring their vision, creativity, and passion for restoration. Whether you’re a homeowner seeking a long-term project or an investor looking for a property with character and potential, this home stands out as a rare and rewarding find.
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FROM ZILLOW