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    South Bend, IN Apartment Buildings for Sale

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    Turnkey 8-Unit Apartment Building
    Updated: Jul 21
    Turnkey 8-Unit Apartment Building

    117 Franklin Pl, South Bend, IN 46601

    $699,999
    5,552 sqft
    Fully occupied 8‑unit apartment building in downtown South Bend
    Well‑maintained property with long‑term tenants
    Strong rental history with steady cash flow
    View details
    Furnished Student Housing Townhomes
    Updated: Jun 19
    Furnished Student Housing Townhomes

    18088 Legacy Village Court, South Bend, IN 46637

    Contact for pricing
    44,800 sqft
    Built in 2009: 14 brick townhomes designed for student housing, each with 6 bedrooms and 4 bathrooms
    Includes 3,200 SF across the development and furnished interiors with large bedrooms and multiple common areas
    100% occupancy every year since 2009 and strong pre‑leasing performance for incoming years
    Current 6.58% cap rate; base rents averaging about 5.8% growth from 2020–2027
    Approved to expand from 84 to 98 students for the 2026–2027 school year
    View details
    66-Unit Student Housing Property
    66-Unit Student Housing Property

    1106 S 20TH ST, South Bend, IN 46615

    Contact for pricing
    58,544 sqft

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

    View details
    See what stands out in St. Joseph County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 3 Active listings in South Bend, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    13-Unit Apartment Building
    13-Unit Apartment Building

    952 Walnut Street, Nappanee, IN 46550

    $1,250,000
    12,022 sqft 0.65 AC lot

    One-story multifamily property with one- and two-bedroom residences and updated building components.

    View details
    Updated Apartment Building
    Updated Apartment Building

    952 Walnut Street, Nappanee, IN 46550

    $1,250,000
    12,022 sqft

    Multifamily property with large one- and two-bedroom units and a documented rental history.

    View details
    Mixed-Use Building with Storefronts
    Mixed-Use Building with Storefronts

    121 & 123 S Main St, Elkhart, IN 46516

    $795,000
    24,972 sqft

    Multi-tenant building features two Main Street storefront units and six apartments above, plus a 2024 roof.

    View details
    Apartment Building Portfolio
    Apartment Building Portfolio

    1106 North Michigan Street, Elkhart, IN 46514

    Contact for pricing

    Four Elkhart properties feature recent roof, mechanical, electrical, and interior updates.

    View details

    Off-Market Properties in South Bend, IN

    Consider similar Off-Market properties in South Bend, 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.

    3105 Western Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    3105 Western Ave, South Bend, IN 46619-3084

    Estimated value:
    $240,000
    2,880 sqft 0.06 AC lot
    View details
    407 Eddy St
    APARTMENT HOUSE (UNDER 5 UNITS)

    407 Eddy St, South Bend, IN 46617-3203

    Estimated value:
    $245,000
    3,024 sqft 0.17 AC lot
    View details
    602 Saint Louis Blvd
    APARTMENT HOUSE (UNDER 5 UNITS)

    602 Saint Louis Blvd, South Bend, IN 46617-1959

    Estimated value:
    $230,000
    2,058 sqft 0.06 AC lot
    View details
    2642 Western Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    2642 Western Ave, South Bend, IN 46619

    Estimated value:
    $265,000
    5,120 sqft 0.12 AC lot
    View details
    1313 31st St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1313 31st St, South Bend, IN 46615-1862

    Estimated value:
    $210,000
    1,584 sqft 0.17 AC lot
    View details
    422 College St
    APARTMENT HOUSE (UNDER 5 UNITS)

    422 College St, South Bend, IN 46628-2373

    Estimated value:
    $210,000
    3,068 sqft 0.24 AC lot
    View details
    2701 Northside Blvd
    APARTMENT HOUSE (UNDER 5 UNITS)

    2701 Northside Blvd, South Bend, IN 46615-1832

    Estimated value:
    $270,000
    3,776 sqft 0.17 AC lot
    View details
    1232-1234 Miami
    APARTMENT HOUSE (UNDER 5 UNITS)

    1232-1234 Miami, South Bend, IN 46601

    Estimated value:
    $230,000
    2,880 sqft 0.18 AC lot
    View details
    1434 Portage Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1434 Portage Ave, South Bend, IN 46616-1735

    Estimated value:
    $250,000
    5,232 sqft 0.13 AC lot
    View details
    2212 Michigan St
    APARTMENT HOUSE (UNDER 5 UNITS)

    2212 Michigan St, South Bend, IN 46613-2322

    Estimated value:
    $245,000
    3,264 sqft 0.16 AC lot
    View details
    2702 Western Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    2702 Western Ave, South Bend, IN 46619-3128

    Estimated value:
    $245,000
    3,456 sqft 0.12 AC lot
    View details
    5002 Lindenwood W Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    5002 Lindenwood W Dr, South Bend, IN 46637-1441

    Estimated value:
    $275,000
    5,738 sqft 0.43 AC lot
    View details
    742 Indiana Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    742 Indiana Ave, South Bend, IN 46613-1858

    Estimated value:
    $255,000
    4,888 sqft 0.10 AC lot
    View details
    1601 Kemble Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1601 Kemble Ave, South Bend, IN 46613-1811

    Estimated value:
    $270,000
    6,528 sqft 0.13 AC lot
    View details
    1526 Miami St, Unit 28
    APARTMENT HOUSE (UNDER 5 UNITS)

    1526 Miami St, South Bend, IN 46613-2846

    Unit 28
    Estimated value:
    $250,000
    4,672 sqft 0.12 AC lot
    View details
    3622 Mishawaka Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    3622 Mishawaka Ave, South Bend, IN 46615-2426

    Estimated value:
    $250,000
    5,152 sqft 0.09 AC lot
    View details
    2014 Lathrop St
    APARTMENT HOUSE (UNDER 5 UNITS)

    2014 Lathrop St, South Bend, IN 46628-3327

    Estimated value:
    $250,000
    1,680 sqft 0.76 AC lot
    View details
    2261 Johnson St
    APARTMENT HOUSE (UNDER 5 UNITS)

    2261 Johnson St, South Bend, IN 46628-3324

    Estimated value:
    $245,000
    1,769 sqft 0.40 AC lot
    View details
    2002 Kemble Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    2002 Kemble Ave, South Bend, IN 46613-1716

    Estimated value:
    $110,000
    2,808 sqft 0.16 AC lot
    View details
    401 Lasalle Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    401 Lasalle Ave, South Bend, IN 46601-1106

    Estimated value:
    $245,000
    2,804 sqft 0.11 AC lot
    View details
    2209 Washington St
    APARTMENT HOUSE (UNDER 5 UNITS)

    2209 Washington St, South Bend, IN 46628-2036

    Estimated value:
    $265,000
    3,240 sqft 0.11 AC lot
    View details

    South Bend, IN Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in South Bend, IN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 108,896 square feet of properties for sale, with an estimated market value of $699,999.

    Sale prices for two-family homes in South Bend, IN average $699,999 — 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 149K
    Population Growth (5Y) +1.7%
    Median Household Income $59,952
    College Educated 31.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    46601 $700K

    Taxes & Financing

    Tax Rate (average for all types) 2.53%
    Property Tax per SF $39.44 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in St. Joseph County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

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

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