Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    314 N Taylor St South Bend, IN 46601

    Sponsored
    Picture of Triplexes at N Taylor St 314, South Bend, IN
    For Sale
    $199,000

    Multi-Unit (2-4) - South Bend, IN

    Property size:
    5,480 SF
    Days on Market:
    14
    Last Refresh:
    Feb 1 at 11:06 pm

    Property Features for 314 N Taylor St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    100
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Kitchen, Living Room
    Bedrooms
    6
    Bathrooms
    3
    APN
    71-08-02-485-024.000-026
    Parking features
    Garage
    Basement Y/N
    1
    Size
    5,480 SF

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1912
    Year renovated
    1912
    Floors in Building
    2
    Flooring type
    Carpet, Tile
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Greg Owen

    EASY REALTY PROS (214) 909-9409

    Listing agent Greg Owen (321) 895-4636

    Listing date Jan 19, 2026

    MLS# 11633989 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spacious Multi-Use Downtown Property

    Located in downtown South Bend, this property at 314 N Taylor St offers potential for investors, business owners, or those seeking a centrally located asset. The property features six bedrooms and 2.5 bathrooms. The residence is suitable for use as a traditional rental, short-term lodging, or professional office space. A new roof was installed in 2022, and a partial refurbishment was completed in 2024. Upgraded flooring is planned for 2025. A new HVAC system is included and stored off-site, ready for installation. The home offers generous room sizes and multiple common areas, adaptable for residential or commercial use. Its location provides close proximity to local businesses, restaurants, parks, and transportation, with easy access to the St. Joseph County Courthouse, government offices, and Notre Dame-adjacent commerce. The property is suitable for a high-yield long-term rental, a short-term or furnished housing option, a mixed-use building, or a dedicated office property. The property has low property taxes, affordable insurance, and no HOA fees. The property size is 5480 square feet and is zoned 100.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm 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
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.257641
    Latitude
    41.679521

    Nearby Similar for Sale

    • $400,000
      0.26 Acres

      Turnkey Tavern with Apartment

      Fully-equipped bar/restaurant with a 2-bedroom apartment and heated garage.
      2209 Kemble Ave, South Bend, IN 46613
      View Details
    • $300,000
      2,394 SF

      Mixed-Use Property in Redevelopment Area

      Established convenience store with living quarters in active redevelopment area.
      1637 Kemble Ave, South Bend, IN 46613
      View Details
    • New
      $750,000
      0.32 Acres

      Historic Church in Downtown South Bend

      Exquisite stone church in downtown South Bend with development potential.
      302 W Washington St, South Bend, IN 46601
      View Details
    • $209,900
      2,104 SF

      Renovated Duplex in South Bend

      Tastefully renovated duplex with two 2-bedroom units in South Bend.
      802 N Olive St, South Bend, IN 46628
      View Details
    • $160,000
      Pending

      South Bend Triplex Investment Opportunity

      Well-maintained triplex with immediate cash flow in South Bend.
      338 N Olive St, South Bend, IN 46628
      View Details
    • $37,500
      2,403 SF

      South Bend Duplex Opportunity

      Duplex in South Bend, Indiana, suitable for investors or homeowners.
      2241 W Washington St, South Bend, IN 46628
      View Details
    • $650,000
      0.12 Acres

      Turn-Key Restaurant Opportunity in South Bend

      High-visibility commercial building with existing kitchen assets in developing corridor.
      2224 W Western Ave, South Bend, IN 46619
      View Details
    • New
      $135,000
      1,824 SF

      South Bend Duplex Investment Opportunity

      Two-story duplex with rental income potential near Mishawaka River Walk.
      3312 Mishawaka Ave, South Bend, IN 46615
      View Details
    • $140,000
      744 SF

      Western Avenue Commercial Building

      744 sq ft commercial space on Western Avenue in South Bend.
      4122 W Western Ave, South Bend, IN 46619
      View Details
    • $149,000
      0.22 Acres

      South Bend Mixed-Use Property

      Commercial building with vacant lot, suitable for mixed-use.
      3601 W Western Ave, South Bend, IN 46619
      View Details
    • $189,000
      1.21 Acres

      South Bend Mixed-Use Opportunity

      Unique mixed-use property with high visibility and endless opportunities.
      1530 S Walnut St, South Bend, IN 46619
      View Details
    • $239,900
      2,526 SF

      Income-Producing Duplex Near Campus

      Duplex near shopping, bypass, and campus, sold as-is.
      920 Merrill Ct, South Bend, IN 46637
      View Details

    FAQs

    What type of property is this?
    Triplex - Six-bedroom property in downtown South Bend with flexible usage options.
    Where is this triplex located?
    The property is located at 314 N Taylor St South Bend, IN.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Prime downtown South Bend location, close to businesses, government, entertainment, and transportation.; - Highly flexible property: residential rental, mixed-use, or dedicated office space.; - New roof installed in 2022 and upgraded flooring added in 2025.
    (407) 557-7126
    Request Owner's contact information
    314 N Taylor St South Bend, IN 46601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    314 N Taylor St
    South Bend, IN 46601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    314 N Taylor St South Bend, IN 46601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Greg Owen
    Real Estate License ID: 3147448
    (407) 557-7126
    Learn more
    Google sign-in failed. Please try again or use another login method.