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8-Unit Apartment Building
For Sale
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1432 Portage Ave, South Bend, IN 46616

Eight one-bedroom residences include one current vacancy and tenant-paid electric.

Property SizeContact for details
Days on Market145

Property Features for 1432 Portage Ave

General Information

Standard status Active
Property subtype Multifamily

Property Condition

Severity Repairs Needed
Evidence in need of some updates and improvements

Units

Unit Mix 8 x 1BR/1BA
Multifamily Units 8

Additional Details

Gross Income $49,800
Listing Agency: Tiffany Group
Listed By: Joseph Tiffany · License #IN RB140033909
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 2:21PM

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 Tiffany Group

Investment Insights

Based on property information with market context.

This apartment building contains 8 one-bedroom, one-bath units, with 1 vacancy at present. The property needs updates and improvements, providing a clear renovation component for the next owner.

Residents pay their own electric service. Ownership covers water, trash, common-area electric, and gas. The building is located at 1432 Portage Ave in South Bend, near downtown South Bend.

Key Highlights

  • 8 one‑bedroom, one‑bath apartment units
  • 1 unit currently vacant
  • Tenants pay electric service

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

224
Businesses Nearby

Demographics for 46616, IN

6,167
Population
2,824
Households
2.2
Avg Household Size
34
Median Age
40%
College-Educated
91%
High-School Grad
1.4 sq mi
ZIP Area
4,405
Density / Sq Mi
$56,293
Median Household Income
$35,232
Median Earnings
$1,019
Median Rent
$136,400
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?
Apartment building - Eight one-bedroom residences include one current vacancy and tenant-paid electric.
Where is this apartment building located?
The property is located at 1432 Portage Ave South Bend, IN.
What are key features of this property?
This property features: 8 one‑bedroom, one‑bath apartment units; 1 unit currently vacant; Tenants pay electric service
More about this property
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