Twelve-Unit Multifamily
701 W Beardsley Avenue Elkhart, IN 46514
701 W Beardsley Avenue, Elkhart, IN, 46514
$499,000
Pending
For Sale
$499,000
Pending
MULTI_FAMILY - Elkhart, IN
Property Size10,290 SF
Lot Size0.32 Acres
Days on Market101
Property Features for 701 W Beardsley Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 16
- Bathrooms
- 12
- Rooms
- Bathroom 10, Bedroom 2, Bedroom 15, Bathroom 8, Bathroom 5, Bathroom 9, Bathroom 11, Bathroom 6, Bedroom 1, Bedroom 10, Bedroom 7, Bedroom 4, Bedroom 14, Bedroom 13, Bedroom 3, Bedroom 6, Bathroom 3, Bedroom 9, Bedroom 12, Bathroom 2, Bedroom 5, Bedroom 16, Bathroom 1, Bedroom 8, Bathroom 7, Bathroom 4, Bedroom 11, Bathroom 12, Basement
- Parking
- 12
- Standard status
- Pending
- APN
- 20-06-06-279-004.000-012
- Size
- 10,290 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- N ELKHART LOT 57 *and* N ELK 44X82 1/2 FT LOT 56
- Tax Annual Amount
- 2940
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 12
- Flooring type
- Vinyl, Carpet
- Architectural style
- Other
Listing agency
RE/MAX Results
(574) 533-9581
Listed by
Steve Miller · License #RB14020487
(574) 238-1436
Added: Apr 13 Updated: Jul 6 at 4:05PM Checked: Jul 22 at 11:06AM
MLS# 202613609
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 12-unit multifamily property at 701 W Beardsley Avenue includes nine leased units, one owner-occupied unit, and two vacant units that will require improvements for occupancy. The building has a durable rubber roof, and the boiler is approximately 8–10 years old. Recent electrical improvements may support future separation of utilities, which can be useful for an operator looking to manage expenses by unit. Additional site amenities include a pole barn.
The property totals 10,290 square feet and sits on a 0.32-acre lot. The seller has set a Multiple Offer Deadline of 4/23/26 at 10:00 PM, with response expected on 4/24/26. This timeline can help guide investors and owner-occupants in planning their review and underwriting.
For buyers seeking a hands-on, value-add approach, the two vacant units present a clear path to stabilize occupancy with renovation work. The mix of occupied and vacant units may also appeal to investors who want immediate in-place rent from the leased units while preparing the vacant units for future leasing. Recent electrical upgrades and existing building systems can be relevant considerations when planning capital improvements and operating structure.
The property totals 10,290 square feet and sits on a 0.32-acre lot. The seller has set a Multiple Offer Deadline of 4/23/26 at 10:00 PM, with response expected on 4/24/26. This timeline can help guide investors and owner-occupants in planning their review and underwriting.
For buyers seeking a hands-on, value-add approach, the two vacant units present a clear path to stabilize occupancy with renovation work. The mix of occupied and vacant units may also appeal to investors who want immediate in-place rent from the leased units while preparing the vacant units for future leasing. Recent electrical upgrades and existing building systems can be relevant considerations when planning capital improvements and operating structure.
Key Highlights
- 12‑unit multi‑family with 9 leased units, 1 owner‑occupied unit, and 2 vacant units
- Pro forma gross annual income exceeding $80,000
- Recent electrical improvements may allow for future separation of utilities to reduce expenses
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 12-unit multifamily with nine leased units, two vacant units, and an outbuilding on a 0.32-acre lot.
Where is this apartment building located?
The property is located at 701 W Beardsley Avenue Elkhart, IN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 12‑unit multi‑family with 9 leased units, 1 owner‑occupied unit, and 2 vacant units; Pro forma gross annual income exceeding $80,000; Recent electrical improvements may allow for future separation of utilities to reduce expenses
