210/218 S Silverwood Lane Goshen, IN 46526
MULTI_FAMILY - Goshen, IN
Property Features for 210/218 S Silverwood Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 16
- Bathrooms
- 8
- Rooms
- Bedroom 3, Bathroom 4, Bathroom 8, Bathroom 5, Bedroom 14, Bedroom 13, Bedroom 7, Bedroom 6, Bedroom 2, Bedroom 16, Bathroom 6, Bathroom 7, Bedroom 8, Bedroom 11, Bedroom 12, Bedroom 5, Bedroom 10, Bathroom 1, Bedroom 15, Bathroom 3, Bedroom 1, Bedroom 9, Bathroom 2, Bedroom 4
- Parking
- 16
- Standard status
- Active
- APN
- 20-11-08-328-025.000-015
- Size
- 6,608 SF
- Lot size
- 0.71 Acres
Taxes and HOA fees
- Tax Year
- 4051
- Tax Description
- Dellameade 8th N Pt Center Pt Lot 139 *and* Dellameade 8th NW Pt Lot 139
- Tax Annual Amount
- 2286
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1993
- Floors in Building
- 1
- Number of units
- 8
- Flooring type
- Finished
- Roof type
- Metal
- Architectural style
- Other
Listing agent Steve Miller License #RB14020487 (574) 238-1436
Listing office RE/MAX Results 1178 Fremont Ct., Goshen, IN (574) 533-9581
Listing date Jul 9, 2026
Copyright © 2026 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The buildings are located at 210/218 S Silverwood Lane in Goshen, Indiana, within Elkhart County.
With a total property size of 6,608 square feet on a 0.71-acre lot, this apartment community is currently operating with rents described as below market. The offering is positioned for an investor seeking to align rents with market levels over time.
Key Highlights
- Two‑building apartment community with four main‑level apartments per building (8 units total)
- Year built 1993 with finished flooring throughout
- Central air cooling
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.7k | $14.64 |
| − Vacancy | −$7.6k | −$1.16 |
| EGI | $89.1k | $13.48 |
| − OpEx | −$40.1k | −$6.07 |
| NOI | $49.0k | $7.42 |
