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3-Unit Residential Triplex
New
For Sale
$199,900

1051 Middlebury Street, Elkhart, IN 46516

INVESTMENT, Two and Half Story, Elkhart, IN

Property Size3,630 SF
Lot Size0.25 Acres
Price / SF$55.07
Days on Market2

Property Features for 1051 Middlebury Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 3, Basement, Bathroom 1, Bathroom 2, Bedroom 1
Parking 8
Lot features 0-2.9999
Elementary school Riverview
Middle school Pierre Moran
High school Elkhart
Elementary school district Elkhart Community Schools
Middle school district Elkhart Community Schools
High school district Elkhart Community Schools
Directions Middlebury Street, West of Goshen Ave.
Subdivision Elkhart County
Standard status Active
APN 20-06-09-202-016.000-012
Size 3,630 SF
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 4051
Tax Description IN NE 81X162FT ON MIDD STREET SEC 9 .33A
Tax Annual Amount 1800
Legal Description IN NE 81X162FT ON MIDD STREET SEC 9 .33A

Utilities

Cooling system Central Air, Wall Unit(s)

Amenities

on site parking
tenant storage space

Building Details

Year built 1905
Floors in Building 2
Number of units 3
Flooring type Mixed
Roof type Asphalt
Architectural style Other
Listing Agency: Bontrager Realty, LLC
Listed By: Travis Bontrager · License #RB14037902
Added: Oct 17 Last Checked: Oct 18 at 1:06AM
MLS# 202643153

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.

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Investment Insights

Based on property information with market context.

This 3,630-square-foot residential triplex contains three apartments on a 0.245-acre lot. The first-floor unit has two bedrooms, one bath, a basement, central heating and air conditioning, and laundry. The second-floor apartment offers two bedrooms and one bath, with central heat and window air conditioning. A one-bedroom, one-bath apartment occupies the third floor and has electric baseboard heat and window air conditioning.

The building dates to 1905. Improvements include plumbing and electrical updates, some replacement vinyl windows, and a roof replaced in 2016. Gas and electric service are separately metered; water and sewer are not. The property also has on-site parking and tenant storage space. Long-term tenants occupy the three units.

Key Highlights

  • Three apartments totaling 3,630 square feet on a 0.245‑acre lot
  • Unit mix: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
  • Roof replaced in 2016; plumbing and electrical systems have updates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom Pharmacy HVAC Service Barber Shop (Bike/Boat/Book/etc) Store

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

Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

184
Businesses Nearby

Demographics for 46516, IN

33,670
Population
14,137
Households
2.4
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
17.5 sq mi
ZIP Area
1,924
Density / Sq Mi
$54,934
Median Household Income
$39,189
Median Earnings
$986
Median Rent
$150,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Gas and electric service are separately metered; water and sewer are not.
Where is this triplex located?
The property is located at 1051 Middlebury Street Elkhart, IN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three apartments totaling 3,630 square feet on a 0.245‑acre lot; Unit mix: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Roof replaced in 2016; plumbing and electrical systems have updates
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