328 Jay Street is a property that demands an honest assessment and a visionary's touch. This is not a project for the faint of heart; it is a full-scale restoration opportunity in a prime Rochester location. The Reality The structure is currently in a severe state of disrepair and is officially disclosed as non-livable and not habitable in its current condition. Prospective buyers must be aware of significant structural defects, including compromised flooring, unstable roofing, weakened support beams, and crumbling masonry. Additionally, the interior likely contains airborne contaminants. Due to these hazardous conditions, entry is strictly regulated: No individuals under 18 years of age are permitted on-site. All visitors must sign a Release of Liability prior to entry. The Potential For the experienced contractor or ambitious investor, the value lies in the large yard and the unbeatable central location. This property sits just steps away from: Riddle Elementary School Fulton County Fairgrounds The Public Library Downtown Rochester The surrounding neighborhood is well-established, with property values that will support significant improvements to the site. Whether you choose a total "studs-up" reconstruction or a fresh start on a substantial lot, the footprint offers a rare chance to build equity in a highly accessible part of town.
US 31 Business Route to 4th Street, West to the Northwest corner of Jay and 4th Street
| MLS # | 202609602 |
|---|---|
| Date Listed | 2026-03-22 |
| Status | Active |
| Property Type | Residential |
| Property SubType | Site-Built Home |
| Finished Square Feet | 2,052 sqft |
| Total Square Feet | 2,511 sqft |
| New Construction | No |
| Style | Two Story |
| Type | Site-Built Home |
| Basement | Yes |
| Bedrooms | 4 |
| Bathrooms | 1 |
| Annual Taxes | $64.00 |
| Year Taxes Payable | 2025 |
| Year Built | 1930 |
| Virtual Tour | propertypanorama.com » |
| Days on Market | 189 |
| Homestead Year | No |
| Design | Traditional |
|---|---|
| Cooling | Central Air |
| Heating | Gas |
| Garage | Detached |
| Main Level Laundry | Yes |
| Living Room | 15 × 16 | Main Level |
| Dining Room | 15 × 15 | Main Level |
| Kitchen | 9 × 12 | Main Level |
| Breakfast Area | 9 × 9 | Main Level |
| Master Bedroom | 9 × 10 | Main Level |
| 2nd Bedroom | 12 × 15 | Upper Level |
| 3rd Bedroom | 11 × 15 | Upper Level |
| 4th Bedroom | 14 × 15 | Upper Level |
| Full Baths | 1 Main |
| Construction | Site-Built Home |
|---|---|
| Exterior | Vinyl |
| Lot Size | 13,547 sq ft |
| Acreage | 0.31 Acres |
| Lot Dimensions | 82X165 |
| Sewer | City |
| Water | City |
| Fence | None |
| Area | Fulton County |
|---|---|
| County | Fulton |
| Subdivision | None |
| Township | Rochester |
| City | Rochester |
| State | IN |
| Zip | 46975 |
| School District | Rochester Community School Corp. |
|---|---|
| Elementary | Columbia / Riddle |
| Middle School | Rochester Community |
| High School | Rochester Community |
| Assoc. Dues | $0.00 Not Applicable |
|---|
MLS# 202609602
Listing Provided Courtesy of Jeff Owens
Patton Hall Real Estate
Office: 574-267-7501
Listing updated October 1, 2026 at 7:15 am
Last checked 17 minutes ago
IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.