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Duplex with Single-Family Flexibility
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206 S 3rd Street, Kentland, IN 47951

Two-story duplex layout with ADA-accessible bath, adaptable units, and the option to convert to a single-family home.

Property SizeContact for details
Days on Market59

Property Features for 206 S 3rd Street

General Information

Standard status Active
Property subtype Multifamily
Zoning duplex

Building Details

Year Built 1938
Stories 2
Listing Agency: McColly Real Estate Portage Willowcreek
Listed By: Katie Wietbrock · License #RB14044871
Source: Crexi
Added: Jun 8 Changed: Jul 10 Last Checked: Aug 5 at 11:15AM

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 McColly Real Estate Portage Willowcreek

Investment Insights

Based on property information with market context.

This two-story property is currently zoned as a duplex and offers multiple configuration options for an owner-occupant or investor. The main level includes two bedrooms, with one very small bedroom, a kitchen, and an ADA-accessible 3/4 bath that includes wheelchair ramp access. The upper level provides additional bedrooms along with a second kitchen and a full bath. An interior spiral staircase connects the levels and can be removed to restore complete separation between the units, if desired. The home needs updating and repairs, and it is being sold as-is.

While details such as frontage, traffic, and nearby anchors are not provided, the property’s use flexibility is the core feature. Its ability to function as a duplex or be converted into a single-family residence is supported by the existing multi-kitchen, multi-level layout and the removable internal connection between floors.

For tenants, buyers, and operators seeking a customizable residential income or owner-occupant setup, this structure supports either maintaining two distinct living areas or using the entire home as one residence. The ADA-accessible main-level bath and ramp access can also be a practical consideration for accessibility-focused occupants. Because the property is sold as-is and requires repairs, prospective purchasers should plan for renovation and update work to realize the different living configurations.

Key Highlights

  • Two‑story home built in 1938 with current duplex zoning and flexible living configuration
  • Main level includes 2 bedrooms, a kitchen, and an ADA‑accessible 3/4 bath with wheelchair ramp access
  • Upper level offers additional bedrooms, a second kitchen, and a full bath

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Electrical Service Grocery & Convenience Store Storage Facility Parking Lot & Garage (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

216
Businesses Nearby

Demographics for 47951, IN

2,061
Population
1,158
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
82%
High-School Grad
59.5 sq mi
ZIP Area
35
Density / Sq Mi
$63,228
Median Household Income
$33,768
Median Earnings
$828
Median Rent
$102,400
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?
Duplex - Two-story duplex layout with ADA-accessible bath, adaptable units, and the option to convert to a single-family home.
Where is this duplex located?
The property is located at 206 S 3rd Street Kentland, IN.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Two‑story home built in 1938 with current duplex zoning and flexible living configuration; Main level includes 2 bedrooms, a kitchen, and an ADA‑accessible 3/4 bath with wheelchair ramp access; Upper level offers additional bedrooms, a second kitchen, and a full bath
More about this property
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