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Elkhart, IN Apartment Buildings for Sale

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Mixed-Use Main Street Building
Updated: Mar 23
Mixed-Use Main Street Building

121 & 123 S Main Street, Elkhart, IN 46516

$795,000
0.18 AC lot
Large Main St building in Elkhart between Jackson and Jefferson with 2 storefronts and 6 apartments above
Main floor offers 2 units with retail windows, high ceilings, and 2 lofts plus a balcony (office or retail use)
Built in 1888 with flat roof; basement and mixed flooring (including carpet)
New roof installed in 2024
On‑street parking plus multiple public parking lots within walking distance
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Multifamily Rental Property
Updated: May 5
Multifamily Rental Property

301 W Jackson Boulevard, Elkhart, IN 46516

$130,000
2,502 sqft 0.08 AC lot
Currently utilized as a rental property
7 bedrooms and 3 bathrooms
Basement included
Finished flooring
Year built: 1900
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Twelve-Unit Multifamily Property
Twelve-Unit Multifamily Property

701 W Beardsley Avenue, Elkhart, IN 46514

$499,000
10,290 sqft 0.32 AC lot

12-unit multifamily with nine leased units, two vacant units, and an outbuilding on a 0.32-acre lot.

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Twelve-Unit Apartment Building
Twelve-Unit Apartment Building

701 W Beardsley Avenue, Elkhart, IN 46514

$499,000
0.33 AC lot

Twelve-unit multifamily asset with multiple vacancies and recent electrical improvements for future utility separation.

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Based on your search, we've compiled 47 Potential Opportunities for your consideration. Besides 4 Active listings in Elkhart, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 35 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

C-1 Multifamily Housing Development Site
C-1 Multifamily Housing Development Site

2394 Yankee Street, Niles, MI 49120

$329,900
1.45 AC lot

Zoned C-1 mixed use with existing leased units, duplexes, and cabins on a nearly 1.5-acre parcel.

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Furnished Student Housing Townhomes
Furnished Student Housing Townhomes

18088 Legacy Village Court, South Bend, IN 46637

$19,750,000
44,800 sqft

Brick townhomes designed for student living, with furnished interiors, abundant parking, and on-site recreation.

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66-Unit Student Housing Property
66-Unit Student Housing Property

1106 S 20TH ST, South Bend, IN 46615

$9,000,000
58,544 sqft

Multifamily student housing with 66 units and 133 beds, supported by extensive recent capital improvements and upgrades.

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Spansail Court Apartments
Spansail Court Apartments

2209 Spansail Dr, Niles, MI 49120

Contact for pricing
39,225 sqft 2.61 AC lot

48-unit multifamily community in Niles, Michigan.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land Near Shepherd University
Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000
3.70 AC lot

Prime land near Shepherd University with development potential.

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Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Prime Development Land, Springfield MO
Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000
29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

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Greenville Development Opportunity: 1.33 Acres
Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900
1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Off-Market Properties in Elkhart, IN

Consider similar Off-Market properties in Elkhart, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

208 State St
APARTMENT HOUSE (UNDER 5 UNITS)

208 State St, Elkhart, IN 46516-0012

Value Estimation by Request
8,204 sqft 0.39 AC lot
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1624 Windsong Dr, Unit 27
APARTMENT HOUSE (UNDER 5 UNITS)

1624 Windsong Dr, Elkhart, IN 46514-4190

Unit 27
Value Estimation by Request
4,512 sqft 1.03 AC lot
View details
1626 Windsong Dr
APARTMENT HOUSE (UNDER 5 UNITS)

1626 Windsong Dr, Elkhart, IN 46514-4192

Value Estimation by Request
4,512 sqft 0.31 AC lot
View details
100 Michigan St
APARTMENT HOUSE (UNDER 5 UNITS)

100 Michigan St, Elkhart, IN 46514-2567

Value Estimation by Request
5,970 sqft 0.24 AC lot
View details
465 Simpson Ave
APARTMENT HOUSE (UNDER 5 UNITS)

465 Simpson Ave, Elkhart, IN 46516-4754

Value Estimation by Request
3,827 sqft 0.27 AC lot
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465 Simpson Ave
APARTMENT HOUSE (UNDER 5 UNITS)

465 Simpson Ave, Elkhart, IN 46516-4754

Value Estimation by Request
4,070 sqft 0.23 AC lot
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465 Simpson Ave
APARTMENT HOUSE (UNDER 5 UNITS)

465 Simpson Ave, Elkhart, IN 46516-4754

Value Estimation by Request
4,070 sqft 0.32 AC lot
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214 Main St
APARTMENT HOUSE (UNDER 5 UNITS)

214 Main St, Elkhart, IN 46516-3172

Value Estimation by Request
11,325 sqft 0.09 AC lot
View details
30082 Tower Rd
APARTMENT HOUSE (UNDER 5 UNITS)

30082 Tower Rd, Elkhart, IN 46516-7006

Value Estimation by Request
2,400 sqft 0.29 AC lot
View details
3803 Main St
APARTMENT HOUSE (UNDER 5 UNITS)

3803 Main St, Elkhart, IN 46517-3510

Value Estimation by Request
4,048 sqft 1.23 AC lot
View details
2006 Raintree Dr, Unit 8
APARTMENT HOUSE (UNDER 5 UNITS)

2006 Raintree Dr, Elkhart, IN 46514-4185

Unit 8
Value Estimation by Request
4,512 sqft 0.70 AC lot
View details
2002 Raintree Dr, Unit 4
APARTMENT HOUSE (UNDER 5 UNITS)

2002 Raintree Dr, Elkhart, IN 46514-4183

Unit 4
Value Estimation by Request
4,512 sqft 0.70 AC lot
View details
213 Sycamore St
APARTMENT HOUSE (UNDER 5 UNITS)

213 Sycamore St, Elkhart, IN 46516

Value Estimation by Request
4,116 sqft 0.09 AC lot
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636 Moody Ave
APARTMENT HOUSE (UNDER 5 UNITS)

636 Moody Ave, Elkhart, IN 46516-2958

Value Estimation by Request
2,688 sqft 3.71 AC lot
View details
113 State St
APARTMENT HOUSE (UNDER 5 UNITS)

113 State St, Elkhart, IN 46516-3626

Value Estimation by Request
5,472 sqft 0.05 AC lot
View details
2305 Main St
APARTMENT HOUSE (UNDER 5 UNITS)

2305 Main St, Elkhart, IN 46517-4700

Value Estimation by Request
3,024 sqft 0.30 AC lot
View details
116 Main St
APARTMENT HOUSE (UNDER 5 UNITS)

116 Main St, Elkhart, IN 46516-3122

Value Estimation by Request
6,440 sqft 0.05 AC lot
View details
1629 Windsong Dr, Unit 31
APARTMENT HOUSE (UNDER 5 UNITS)

1629 Windsong Dr, Elkhart, IN 46514-4194

Unit 31
Value Estimation by Request
4,512 sqft 0.49 AC lot
View details
2007 Raintree Dr, Unit 9
APARTMENT HOUSE (UNDER 5 UNITS)

2007 Raintree Dr, Elkhart, IN 46514-4176

Unit 9
Value Estimation by Request
4,512 sqft 0.74 AC lot
View details
1916 Raintree Dr
APARTMENT HOUSE (UNDER 5 UNITS)

1916 Raintree Dr, Elkhart, IN 46514-4100

Value Estimation by Request
4,512 sqft 0.44 AC lot
View details

Elkhart, IN Apartment Buildings Market Trends and Statistics

Explore 39 apartment buildings for sale in Elkhart, IN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 12,792 square feet of properties for sale, with an estimated market value of $629,000.

Sale prices for two-family homes in Elkhart, IN start at $130,000, averaging $314,500, and reaching up to $499,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 99K
Population Growth (5Y) -0.8%
Median Household Income $57,378
College Educated 17.6%

High-Yield Neighborhoods for Investment

Identify Elkhart submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
46516 $462.5K
46514 $499K

Taxes & Financing

Tax Rate (average for all types) 2.57%
Property Tax per SF $42.55 per SF
Tax Rate vs County Average 0.11 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Elkhart County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Elkhart fall within the 100,000+ square foot range.

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