South Bend, IN Apartment Buildings for Sale

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Mishawaka, IN Granger, IN Niles, MI Osceola, IN New Carlisle, IN Elkhart, IN Lakeville, IN Holt, MI

Updated: May 7

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

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Updated: Jun 19

Furnished Student Housing Townhomes

18088 Legacy Village Court, South Bend, IN 46637

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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

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66-Unit Student Housing Property

1106 S 20TH ST, South Bend, IN 46615

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58,544 sqft

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

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Eight-Unit Apartment Building

118 Rhodes St, South Bend, IN 46637

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Eight-unit, 16-bedroom apartment complex in South Bend with access to major north-south commercial and campus amenities.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 4 Active listings in South Bend, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 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.

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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Mixed-Use Multifamily Development Site

2394 Yankee Street, Niles, MI 49120

$329,900

1.45 AC lot

Residential income property on nearly 1.5 acres with a leased front house, duplexes, and 11 rental cabins under C-1 zoning.

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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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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.

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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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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Retail-Zoned Development Land Opportunity

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

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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 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.

APARTMENT HOUSE (UNDER 5 UNITS)

3105 Western Ave, South Bend, IN 46619-3084

Value Estimation by Request

2,880 sqft 0.06 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

407 Eddy St, South Bend, IN 46617-3203

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3,024 sqft 0.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

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

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2,058 sqft 0.06 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2642 Western Ave, South Bend, IN 46619

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5,120 sqft 0.12 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

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

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1,584 sqft 0.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

422 College St, South Bend, IN 46628-2373

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3,068 sqft 0.24 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2701 Northside Blvd, South Bend, IN 46615-1832

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3,776 sqft 0.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1232-1234 Miami, South Bend, IN 46601

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2,880 sqft 0.18 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1434 Portage Ave, South Bend, IN 46616-1735

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5,232 sqft 0.13 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2212 Michigan St, South Bend, IN 46613-2322

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3,264 sqft 0.16 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2702 Western Ave, South Bend, IN 46619-3128

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3,456 sqft 0.12 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

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

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5,738 sqft 0.43 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

742 Indiana Ave, South Bend, IN 46613-1858

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4,888 sqft 0.10 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1601 Kemble Ave, South Bend, IN 46613-1811

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6,528 sqft 0.13 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1526 Miami St, South Bend, IN 46613-2846

Unit 28

Value Estimation by Request

4,672 sqft 0.12 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

3622 Mishawaka Ave, South Bend, IN 46615-2426

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5,152 sqft 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2014 Lathrop St, South Bend, IN 46628-3327

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1,680 sqft 0.76 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2261 Johnson St, South Bend, IN 46628-3324

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1,769 sqft 0.40 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2002 Kemble Ave, South Bend, IN 46613-1716

Value Estimation by Request

2,808 sqft 0.16 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

401 Lasalle Ave, South Bend, IN 46601-1106

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2,804 sqft 0.11 AC lot

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South Bend, IN Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in South Bend, IN, showcased through 4 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
46615	$9M
46637	$19.8M

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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South Bend, IN Apartment Buildings for Sale

117 Franklin Pl, South Bend, IN 46601

18088 Legacy Village Court, South Bend, IN 46637

1106 S 20TH ST, South Bend, IN 46615

118 Rhodes St, South Bend, IN 46637

Opportunities in Nearby Cities

701 W Beardsley Avenue, Elkhart, IN 46514

2394 Yankee Street, Niles, MI 49120

701 W Beardsley Avenue, Elkhart, IN 46514

2209 Spansail Dr, Niles, MI 49120

Potential Development Sites for Consideration

215 N Bear Creek Road, Asheville, NC 28806

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

N West Bypass, Springfield, MO 65802

71 Salters Road, Greenville, SC 29607

Off-Market Properties in South Bend, IN

3105 Western Ave, South Bend, IN 46619-3084

407 Eddy St, South Bend, IN 46617-3203

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

2642 Western Ave, South Bend, IN 46619

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

422 College St, South Bend, IN 46628-2373

2701 Northside Blvd, South Bend, IN 46615-1832

1232-1234 Miami, South Bend, IN 46601

1434 Portage Ave, South Bend, IN 46616-1735

2212 Michigan St, South Bend, IN 46613-2322

2702 Western Ave, South Bend, IN 46619-3128

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

742 Indiana Ave, South Bend, IN 46613-1858

1601 Kemble Ave, South Bend, IN 46613-1811

1526 Miami St, South Bend, IN 46613-2846

3622 Mishawaka Ave, South Bend, IN 46615-2426

2014 Lathrop St, South Bend, IN 46628-3327

2261 Johnson St, South Bend, IN 46628-3324

2002 Kemble Ave, South Bend, IN 46613-1716

401 Lasalle Ave, South Bend, IN 46601-1106

South Bend, IN Apartment Buildings Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Property Size Breakdown

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