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4-Unit Quadplex with Separate Meters
For Sale
$174,900
Pending

1413 Prairie St, Elkhart, IN 46516

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

Property Size3,448 SF
Days on Market15

Property Features for 1413 Prairie St

General Information

Standard status Pending
Size 3,448 SF
Property subtype Residential Income

Additional Details

Utilities to Site Yes
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $5,616
Listing Agency: Myers Trust Real Estate
Listed By: Andrew Myers · License #RB14031728
Source: Exprealty
Added: Jul 29 Changed: Aug 11 Last Checked: Aug 11 at 5:08AM

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.

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

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Barber Shop Computer & Electronic Repair Plumbing Service (Bike/Boat/Book/etc) Store HVAC Service

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

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

841
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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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
More about this property
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