Two-Building Apartment
210/218 S Silverwood Lane Goshen, IN 46526
210/218 S Silverwood Lane, Goshen, IN, 46526
$795,000
Pending
For Sale
$795,000
Pending
MULTI_FAMILY - Goshen, IN
Property Size6,608 SF
Lot Size0.71 Acres
Days on Market15
Property Features for 210/218 S Silverwood Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 16
- Bathrooms
- 8
- Rooms
- Bedroom 2, Bedroom 15, Bedroom 7, Bathroom 7, Bedroom 12, Bedroom 1, Bathroom 6, Bedroom 3, Bathroom 8, Bedroom 10, Bedroom 9, Bathroom 3, Bathroom 5, Bedroom 6, Bathroom 2, Bathroom 1, Bedroom 8, Bedroom 4, Bedroom 16, Bathroom 4, Bedroom 11, Bedroom 14, Bedroom 13, Bedroom 5
- Parking
- 16
- Standard status
- Pending
- APN
- 20-11-08-328-025.000-015
- Size
- 6,608 SF
- Lot size
- 0.71 Acres
Taxes and HOA fees
- Tax Year
- 4051
- Tax Description
- Dellameade 8th N Pt Center Pt Lot 139 *and* Dellameade 8th NW Pt Lot 139
- Tax Annual Amount
- 2286
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1993
- Floors in Building
- 1
- Number of units
- 8
- Flooring type
- Finished
- Roof type
- Metal
- Architectural style
- Other
Listing agency
RE/MAX Results
(574) 533-9581
Listed by
Steve Miller · License #CO88900013
(574) 238-1436
Added: Jul 9 Updated: Jul 20 at 11:49AM Checked: Jul 23 at 6:06AM
MLS# 202627704
Copyright © 2026 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale multifamily property features two apartment buildings containing four main-level apartments each, for a total of eight units. The community includes ample private parking and is supported by recent exterior and systems improvements, including metal roofs installed approximately seven years ago and HVAC systems updated approximately four years ago. Appliances are included with the units, and washer and dryer are provided to tenants.
The buildings are located at 210/218 S Silverwood Lane in Goshen, Indiana, within Elkhart County.
With a total property size of 6,608 square feet on a 0.71-acre lot, this apartment community is currently operating with rents described as below market. The offering is positioned for an investor seeking to align rents with market levels over time.
The buildings are located at 210/218 S Silverwood Lane in Goshen, Indiana, within Elkhart County.
With a total property size of 6,608 square feet on a 0.71-acre lot, this apartment community is currently operating with rents described as below market. The offering is positioned for an investor seeking to align rents with market levels over time.
Key Highlights
- Two‑building apartment community with four main‑level apartments per building (8 units total)
- Year built 1993 with finished flooring throughout
- Central air cooling
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.7k | $14.64 |
| − Vacancy | −$7.6k | −$1.16 |
| EGI | $89.1k | $13.48 |
| − OpEx | −$40.1k | −$6.07 |
| NOI | $49.0k | $7.42 |
6,608 SF · lease $14.64/SF/yr · vacancy 7.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$700.1K
$612.6K – $816.7K
NOI $49,004 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,640 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two-building apartment community with private parking, with roof and HVAC updates and in-unit appliances included.
Where is this apartment building located?
The property is located at 210/218 S Silverwood Lane Goshen, IN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two‑building apartment community with four main‑level apartments per building (8 units total); Year built 1993 with finished flooring throughout; Central air cooling
