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    308 E Madison St Goshen, IN 46550

    Pending
    For Sale
    $279,900

    Fiveplex - Goshen, IN

    Property size:
    2,050 SF
    Lot size:
    0.05 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 308 E Madison St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    5
    APN
    20-11-09-480-013.000-015
    Exterior features
    Water Heater Gas, None
    Basement Y/N
    1
    Appliances
    Dryer, Range
    Size
    2,050 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Floors in Building
    2
    Number of units
    5
    Architectural style
    Other

    AT HOME REALTY GROUP (574) 968-0100 [email protected]

    Listing agent Drew Overmyer (574) 968-0100 License #RB19002001

    Listing date Nov 7, 2025

    MLS# 202528514 Listing URL

    Copyright © 2025 Greater South Bend-Mishawaka Association 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

    Goshen Fiveplex: Turn-Key Investment

    This is a five-unit apartment building located in Goshen, Indiana. The property contains 2,050 square feet of space and sits on a lot of approximately 0.05 acres. The building features five updated units, with four of the five units remodeled in 2024. All five units are currently occupied, offering immediate income potential. A new roof was installed in 2025. This property is located in Elkhart County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Goshen
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.830675
    Latitude
    41.582228

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    FAQs

    What type of property is this?
    Apartment building - Five-unit apartment building in Goshen, Indiana, fully occupied and cash-flowing.
    Where is this apartment building located?
    The property is located at 308 E Madison St Goshen, IN.
    What is the asking price?
    The asking price for this property is $279,900.
    What are key features of this property?
    This property features: - Cash-flowing 5-unit apartment building.; - Turn-key acquisition with all 5 units currently occupied.; - 4 out of 5 units remodeled in 2024.
    (574) 968-0100
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    308 E Madison St Goshen, IN 46550
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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
    308 E Madison St Goshen, IN 46550
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