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    Turnkey Duplex with Barn Income Title is generated by Realmo AI

    122 Crescent Street, Goshen, IN 46528

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    For Sale
    $185,000

    Duplex - Goshen, IN

    Type:Duplex
    Property size:
    2,382 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $77/SF
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for 122 Crescent Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Patio and Porch features
    Porch
    EntryLevel
    Upper,Main
    Exterior features
    Porch Covered, Barn
    Basement Y/N
    1
    Appliances
    Range
    Standard status
    Active
    APN
    20-11-09-281-002.000-015
    Size
    2,382 SF
    Lot size
    0.50 Acres

    Utilities

    Heating system
    Hot Water (Heating)

    Building Details

    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl
    Architectural style
    Other
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    James Bausch
    James Bausch

    Listing agent James Bausch License #RB15000093

    Listing office RE/MAX Results 358 Enterprise Drive, Warsaw, IN

    Listing date Jun 3, 2026

    MLS# 202621378 Listing URL

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

    HighLights

    • Duplex with long‑term tenants and consistent occupancy with no vacancies in the past four years
    • Both units are separately metered for gas and electric; tenants pay all utilities
    • Recent improvements include a newer high‑efficiency boiler heating system
    • Includes a barn that generates additional rental income of $150 per month
    • Basement included, plus 5 bedrooms across the property and 2 bathrooms
    • Corner lot in Goshen with covered porch and vinyl flooring; hot water heating and a range in the units

    Overview

    This turnkey duplex includes two residential units with separate utility metering. Tenants are responsible for gas and electric, and the property is described as having maintained consistent occupancy with no vacancies over the past four years. Heating is supported by a newer high-efficiency boiler system. The exterior includes a barn that is currently generating additional rental income of $150 per month.

    The property is set on a spacious corner lot in Goshen, Indiana, within Elkhart County. The listing provides an address of 122 Crescent Street, and the total land size is reported as 0.5 acres.

    For investors or buyers seeking an income-focused residential property, this duplex offers an established tenant setup with utilities handled via separate meters. The presence of the barn provides an additional revenue component alongside the two units. The seller is also offering $15,000 in escrow toward replacement of the roof(s), which may be an important consideration for ongoing property maintenance and budgeting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Goshen
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.82927
    Latitude
    41.58999

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    FAQs

    What type of property is this?
    Duplex - Duplex with two separately metered units and a barn for additional rental income, offered with long-term tenants in place.
    Where is this duplex located?
    The property is located at 122 Crescent Street Goshen, IN.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: Duplex with long‑term tenants and consistent occupancy with no vacancies in the past four years; Both units are separately metered for gas and electric; tenants pay all utilities; Recent improvements include a newer high‑efficiency boiler heating system
    (574) 742-4531
    We can help!
    Listing Contact
    James Bausch
    James Bausch
    Real Estate License ID: RB15000093
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    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.

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    122 Crescent Street, Goshen, IN 46528-2924
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