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Duplex with Detached Garage
For Sale
Contact for pricing
Pending

701 Lincolnway West, Ligonier, IN 46767

Duplex offers a 1-bedroom front unit and 2-bedroom back unit, with both apartments currently rented.

Property SizeContact for details
Days on Market140

Property Features for 701 Lincolnway West

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 2
Listing Agency: Myers Trust Real Estate
Listed By: David Singell · License #IN RB14014677
Source: Crexi
Added: Apr 11 Changed: Jul 22 Last Checked: Aug 26 at 8:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Myers Trust Real Estate

Investment Insights

Based on property information with market context.

This property is currently used as a duplex with two rental apartments. The front apartment is a 1-bedroom unit, and the back apartment is a 2-bedroom unit; both units are rented and tenant rights will be observed.

A detached garage measuring 16 x 24 is also included. The garage had previously been used for business.

Overall, the layout provides two income-producing residences under one property, with a separate accessory structure that may support a variety of practical uses depending on approval and local requirements.

Key Highlights

  • Duplex with two rented apartments: 1‑bedroom front unit and 2‑bedroom back unit
  • Both units are currently rented, with tenant rights to be observed
  • Includes a 16 x 24 detached garage previously used for business

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage Spa & Massage Center Law Firm Kitchen & Bath Showroom

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

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

312
Businesses Nearby

Demographics for 46767, IN

8,599
Population
3,209
Households
2.7
Avg Household Size
30
Median Age
9%
College-Educated
59%
High-School Grad
67.8 sq mi
ZIP Area
127
Density / Sq Mi
$75,827
Median Household Income
$45,377
Median Earnings
$872
Median Rent
$186,200
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?
Duplex - Duplex offers a 1-bedroom front unit and 2-bedroom back unit, with both apartments currently rented.
Where is this duplex located?
The property is located at 701 Lincolnway West Ligonier, IN.
What are key features of this property?
This property features: Duplex with two rented apartments: 1‑bedroom front unit and 2‑bedroom back unit; Both units are currently rented, with tenant rights to be observed; Includes a 16 x 24 detached garage previously used for business
(574) 536-1191 Call to check price and availability
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