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4-Unit Quadplex with Separate Meters

1413 Prairie St, Elkhart, IN 46516

For Sale
$174,900

Metal roofing and vinyl siding distinguish this four-unit residential income property.

Property Size3,448 SF
Price / SF$50.73
Days on Market97

Property Features for 1413 Prairie St

General Information

Standard status Active
Size 3,448 SF
Property subtype Multi-Family

Additional Details

Utilities to Site Yes
Multifamily Units 4

Building Details

Year Built 1920
Listing Agency: Myers Trust Real Estate
Listed By: Andrew Myers · License IN RB14031728
Source: Kmsrealestategroup
Added: Aug 10 Changed: Oct 25 Last Checked: Oct 7 at 3:05PM

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

Rey
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Investment Insights

Based on property information with market context.

Located at 1413 Prairie St in Elkhart, IN, this 3,448-square-foot quadplex contains four residential units. One unit is currently rented, while two vacant units appear ready for occupancy; the remaining vacant unit may require minor repairs before it can be rented. The property includes four separate gas meters and four separate electric meters, along with a metal roof and vinyl siding.

The property is offered in its existing condition and will be sold as is, where is. Buyers should independently verify operating expenses and the condition of each unit during their evaluation.

Key Highlights

  • Four‑unit quadplex totaling 3,448 square feet
  • One unit currently rented; two vacant units appear ready to rent
  • Remaining vacant unit may need minor repairs before rental

Property Analytics

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Lease Details

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

382
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?
Quadplex - Metal roofing and vinyl siding distinguish this four-unit residential income property.
Where is this quadplex located?
The property is located at 1413 Prairie St Elkhart, IN.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Four‑unit quadplex totaling 3,448 square feet; One unit currently rented; two vacant units appear ready to rent; Remaining vacant unit may need minor repairs before rental
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