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    226/228 W Jackson Blvd Elkhart, IN 46516

    Pending
    For Sale
    $900,000

    Apartment Building - Elkhart, IN

    Property size:
    14,872 SF
    Lot size:
    0.44 Acres
    Days on Market:
    36
    Last Refresh:
    Dec 15 at 12:06 am

    Property Features for 226/228 W Jackson Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    20
    Bathrooms
    21
    APN
    20-06-05-332-012.000-012
    Parking features
    Paved or Surfaced
    Exterior features
    Off Street Parking, Water Heater Gas, Laundry Facilities, Outbuilding
    Appliances
    Dryer, Range
    Size
    14,872 SF
    Lot size
    0.44 Acres

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas

    Building Details

    Floors in Building
    3
    Number of units
    21
    Flooring type
    Wood
    Building materials
    Brick
    Roof type
    Rubber, Shingle
    Architectural style
    Other
    Additional Structures
    Outbuilding

    Myers Trust Real Estate (574) 875-5149 [email protected]

    Listing agent Zachery Hochstetler (574) 875-5149 License #RB14046148

    Listing date Nov 10, 2025

    MLS# 202522419 Listing URL

    Copyright © 2025 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.

    Overview

    Elkhart Apartment Building Investment

    This investment opportunity in Elkhart includes 21 units across two apartment buildings, with 16 units in one building and 5 units in the other. The buildings are fully occupied. The property, situated on 0.438 acres, features 14,872 square feet of space. A two-car garage is located onsite, presenting additional income possibilities. Recent improvements include new windows installed in 2023, new asphalt on the parking lot in 2022, and a new TPO roof in 2023.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.976302
    Latitude
    41.686825

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    FAQs

    What type of property is this?
    Apartment building - 21 units in two buildings, fully occupied, investment opportunity.
    Where is this apartment building located?
    The property is located at 226/228 W Jackson Blvd Elkhart, IN.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Fully occupied 21-unit investment property.; - New TPO roof (2023).; - New windows (2023).
    (574) 875-5149
    Request Owner's contact information
    226/228 W Jackson Blvd Elkhart, IN 46516
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    226/228 W Jackson Blvd Elkhart, IN 46516
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