Two-Unit Duplex with Separate
New
For Sale
$214,900
110 E Chestnut Street, New Carlisle, IN 46552
INVESTMENT, Two Story, New Carlisle, IN
Property Size2,356 SF
Lot Size0.17 Acres
Price / SF$91.21
Days on Market4
Property Features for 110 E Chestnut Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 3, Basement
Parking
3
Lot features
Level
Elementary school
Olive Twp
Middle school
New Prairie
High school
New Prairie
Elementary school district
New Prairie United School Corp.
Middle school district
New Prairie United School Corp.
High school district
New Prairie United School Corp.
Directions
US 20 to West to Filbert go S. to Chestnut go E.
Subdivision
St. Joseph County
Standard status
Active
APN
71-01-34-276-002.000-018
Size
2,356 SF
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
gas, unspecified utilities
Taxes and HOA fees
Tax Year
2026
Tax Description
5'W SIDE LOT 13 & 14 COMPTONS 1ST
Tax Annual Amount
1500
Legal Description
5'W SIDE LOT 13 & 14 COMPTONS 1ST
Utilities
Cooling system
Central Air
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet, Tile - Ceramic
Architectural style
Other
Buildings
1
Listing Agency:
Re/Max County Wide 1st · RE/MAX International
(574) 273-9547
Listed By:
Kim Huston · License #RB14023503
(574) 532-2128
Added: Oct 27
Changed: Oct 29
Last Checked: Oct 30 at 10:06AM
MLS# 202644682
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,356 square feet, with 1,178 square feet on each side. Both residences have three bedrooms, one bathroom, and a formal dining room. Remodeling was completed in 2018. The property has two furnaces and two water heaters; gas and town utility meters are separate. Laundry hookups are located in the east unit. The building dates to 1900 and occupies a 0.17-acre parcel. Flooring includes vinyl, carpet, and ceramic tile, and central air is installed.
Both units are occupied under month-to-month leases, and the property is being sold as-is. Parks, a school, and a library are a few blocks away in New Carlisle.
Both units are occupied under month-to-month leases, and the property is being sold as-is. Parks, a school, and a library are a few blocks away in New Carlisle.
Key Highlights
- 2,356 square feet total, with 1,178 square feet per unit
- Two three‑bedroom, one‑bath units, each with a formal dining room
- Both units remodeled in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,990
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,800
$359.8K
Cap Rate 7%
$257,000
$257.0K
Cap Rate 9%
$199,889
$199.9K
Market Conditions
NOI Build-Up for 2,356 SF
Gross rent
$35.1K $14.88/SF
− Vacancy
−$2.3K −$1.00/SF
EGI
$32.7K $13.88/SF
− OpEx
−$14.7K −$6.25/SF
NOI
$18.0K $7.64/SF
Area
St. Joseph County, IN
Vacancy
6.70%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,800
Cap Rate 7%
$257,000
Cap Rate 9%
$199,889
Alternative Uses
Best Use
Multifamily LT 5
$296.5K
$259.4K – $345.9K
NOI $20,753 @ 7.0% cap · market cap 9.66%
Second Best
Apartment 5plus
$257.0K
$224.9K – $299.8K
NOI $17,990 @ 7.0% cap · market cap 8.37%
Theoretical Best
Retail
$467.2K
$408.8K – $545.1K
NOI $32,703 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 46552, IN
6,478
Population
2,981
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
94%
High-School Grad
63.9 sq mi
ZIP Area
101
Density / Sq Mi
$79,464
Median Household Income
$53,849
Median Earnings
$811
Median Rent
$211,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, a formal dining room, and its own gas and town utility meters.
Where is this duplex located?
The property is located at 110 E Chestnut Street New Carlisle, IN.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: 2,356 square feet total, with 1,178 square feet per unit; Two three‑bedroom, one‑bath units, each with a formal dining room; Both units remodeled in 2018
