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Quadplex With Renovations Started, As-Is
For Sale
$215,900

550 Lincolnway, Mishawaka, IN 46544

MULTI_FAMILY - Mishawaka, IN

Property Size3,116 SF
Lot Size0.17 Acres
Price / SF$69.29
Days on Market147

Property Features for 550 Lincolnway

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 7, Bathroom 3, Basement, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 5
Parking 6
Lot features 0-2.9999
Elementary school Lasalle
Middle school John Young
High school Mishawaka
Elementary school district School City of Mishawaka
Middle school district School City of Mishawaka
High school district School City of Mishawaka
Directions IN between N. Center street and Towle Ave on North side of the road.
Subdivision St. Joseph County
Standard status Active
APN 71-09-16-177-002.000-023
Size 3,116 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PT OF SW COR OF LOT 2 HURDS OUT LOTS & E 1/2 VAC ALLEY W. & ADJ
Legal Description PT OF SW COR OF LOT 2 HURDS OUT LOTS & E 1/2 VAC ALLEY W. & ADJ

Building Details

Year built 1892
Floors in Building 2
Number of units 4
Architectural style Other
Listing Agency: McKinnies Realty, LLC Elkhart
Listed By: Joshua Schirr · License #RB14043732
Added: Mar 11 Changed: Aug 3 Last Checked: Aug 4 at 5:06AM
MLS# 202607926

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 quadplex is being sold as-is, with renovations started but not completed. The existing interior layout includes seven bedrooms, four bathrooms, and a basement, offering a structure that may be suited for an investor looking to finish the improvements.

Located at 550 Lincolnway in Mishawaka, Indiana, within St. Joseph County, the property sits on a 0.17-acre lot and is built in 1892. The building size is listed at 3,116 square feet.

Given the as-is condition and that renovation work is already underway, buyers may want to evaluate scope, remaining work, and the best path to complete the interior updates for future occupancy or rental use.

Key Highlights

  • Renovations started, sold as‑is
  • Quadplex with seven bedrooms and four bathrooms plus basement
  • 3,116 square feet building size

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Grocery & Convenience Store Skin Care Clinic (Bike/Boat/Book/etc) Store Carpet & Flooring Store Big Box & Wholesale Store Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

957
Businesses Nearby

Demographics for 46544, IN

31,571
Population
13,661
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
88%
High-School Grad
39.8 sq mi
ZIP Area
793
Density / Sq Mi
$57,873
Median Household Income
$40,120
Median Earnings
$1,018
Median Rent
$151,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Quadplex sold as-is with renovations started and interior layout including seven bedrooms and four bathrooms.
Where is this quadplex located?
The property is located at 550 Lincolnway Mishawaka, IN.
What is the asking price?
The asking price for this property is $215,900.
What are key features of this property?
This property features: Renovations started, sold as‑is; Quadplex with seven bedrooms and four bathrooms plus basement; 3,116 square feet building size
More about this property
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