Two-Unit
For Sale
$155,000
169 N 6th Street, Elkhart, IN 46516
INVESTMENT, Two Story, Elkhart, IN
Property Size1,514 SF
Lot Size0.12 Acres
Price / SF$102.38
Days on Market50
Property Features for 169 N 6th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Basement, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4
Parking
2
Lot features
Level
Elementary school
Beardsley
Middle school
North Side
High school
Elkhart
Elementary school district
Elkhart Community Schools
Middle school district
Elkhart Community Schools
High school district
Elkhart Community Schools
Directions
East on W Lexington Ave, turn left onto N 6th St to duplex
Subdivision
Elkhart County
Standard status
Active
APN
20-06-05-306-019.000-012
Size
1,514 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
FIELDHOUSE 5TH LOT 201
Tax Annual Amount
2060
Legal Description
FIELDHOUSE 5TH LOT 201
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(888) 611-3912
Listed By:
Cara Warren · License #18871
(574) 505-6712
Added: Sep 11
Changed: Oct 29
Last Checked: Oct 30 at 3:06PM
MLS# 202637911
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.
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Investment Insights
Based on property information with market context.
This 1,514-square-foot duplex contains two living units: one with three bedrooms and one full bathroom, and another with one bedroom and one full bathroom. Vinyl and carpet are used as floor coverings. The property was built in 1900, and a sewer line was installed recently; windows were replaced in 2023. The parcel measures 0.122 acres.
At 169 N 6th Street in Elkhart, the property is near downtown, shopping, dining, and everyday services. Its separate unit layouts provide distinct residential spaces within the same building.
At 169 N 6th Street in Elkhart, the property is near downtown, shopping, dining, and everyday services. Its separate unit layouts provide distinct residential spaces within the same building.
Key Highlights
- Two units: one with 3 bedrooms and 1 full bathroom; the other with 1 bedroom and 1 full bathroom
- 1,514 square feet on a 0.122‑acre lot
- Windows replaced in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,587
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,740
$251.7K
Cap Rate 7%
$179,814
$179.8K
Cap Rate 9%
$139,856
$139.9K
Market Conditions
NOI Build-Up for 1,514 SF
Gross rent
$19.4K $12.84/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$18.0K $11.88/SF
− OpEx
−$5.4K −$3.56/SF
NOI
$12.6K $8.31/SF
Area
Elkhart County, IN
Vacancy
7.50%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,740
Cap Rate 7%
$179,814
Cap Rate 9%
$139,856
Alternative Uses
Best Use
Multifamily LT 5
$179.8K
$157.3K – $209.8K
NOI $12,587 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$160.4K
$140.4K – $187.1K
NOI $11,228 @ 7.0% cap · market cap 7.24%
Theoretical Best
Specialty Retail
$280.3K
$245.3K – $327.0K
NOI $19,621 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate living areas offer a four-bedroom and a one-bedroom configuration in one property.
Where is this duplex located?
The property is located at 169 N 6th Street Elkhart, IN.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Two units: one with 3 bedrooms and 1 full bathroom; the other with 1 bedroom and 1 full bathroom; 1,514 square feet on a 0.122‑acre lot; Windows replaced in 2023
