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Triplex with Separately Metered Units

307 State Street, La Porte, IN 46350

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For Sale

$179,000

MULTI_FAMILY - LaPorte, IN

Property size:

2,519 SF

Lot size:

0.11 Acres

Price / SF:

$71/SF

HighLights

Triplex with separately metered units simplifies management and utility responsibility.
Immediate opportunity for maximum market rent with one unit rent‑ready.
Vacant upper unit (as of 5/30) provides flexibility for renovations, owner occupancy, or increased rental income.
Located in a strong rental area with consistent tenant demand.
Long‑term tenant in place in one unit at $555/month with room for rental growth.
Several new windows have recently been added.

We can help!

Contact an agent

Michelle Bordeau

For Sale

$179,000

MULTI_FAMILY - LaPorte, IN

Property size:

2,519 SF

Lot size:

0.11 Acres

Price / SF:

$71/SF

Added:: May 15, 2026
Days on Market:: 54
Last Refresh:: Jul 7 at 1:06 pm

Property Features for 307 State Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 6
Bathrooms: 3
Rooms: Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3, Basement, Bathroom 1, Bedroom 4
Standard status: Active
APN: 46-06-36-154-013.000-043
Size: 2,519 SF
Lot size: 0.11 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: 05-06-36-154-013 Original Survey West 40 Ft Lt 248 & E 3 Ft Lt 249 Ex N 35 Ft
Tax Annual Amount: 3000

Building Details

Year built: 1920
Floors in Building: 2
Number of units: 3
Flooring type: Carpet
Architectural style: Other

We can help!

Contact an agent

Michelle Bordeau

Listing agent Michelle Bordeau License #RB20001750

Listing office SUNRISE Realty 6442 E Waco Dr, Elkhart, IN

Listing date May 15, 2026

MLS# 202618634

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.

HighLights

Triplex with separately metered units simplifies management and utility responsibility.
Immediate opportunity for maximum market rent with one unit rent‑ready.
Vacant upper unit (as of 5/30) provides flexibility for renovations, owner occupancy, or increased rental income.
Located in a strong rental area with consistent tenant demand.
Long‑term tenant in place in one unit at $555/month with room for rental growth.
Several new windows have recently been added.

Overview

This triplex offers three separately metered units, which can simplify day-to-day management and utility responsibility. One unit has recently been turned and is rent-ready, providing an immediate leasing option. Another unit is currently rented with a long-term tenant paying $555 per month. The spacious upper unit is scheduled to be vacant as of 5/30, allowing for renovations, owner occupancy, or re-leasing. Several new windows have been added to the property, supporting ongoing exterior and weatherization improvements.

The property is located at 307 State Street in LaPorte, Indiana (La Porte County). With a lot size of 0.11 acres and total building area of 2,519 square feet, the configuration is well-suited to an owner seeking multi-unit income while maintaining control over unit-level decisions.

For investors or owner-occupants, the mix of a rent-ready unit and an upcoming vacancy date creates flexibility for aligning renovations and leasing plans. The separately metered setup can help keep expenses unit-specific, while the existing in-place tenant provides continuity as the remaining unit transitions.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

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Local Demand

City: La Porte
County: LaPorte
State: Indiana
Longitude: -86.718079
Latitude: 41.614285

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For sale
Triplexes
IN
La Porte
46350
307 State Street

What type of property is this?

Triplex - Triplex with separately metered units, including a rent-ready unit and a unit scheduled to be vacant soon.

Where is this triplex located?

The property is located at 307 State Street La Porte, IN.

What is the asking price?

The asking price for this property is $179,000.

What are key features of this property?

This property features: Triplex with separately metered units simplifies management and utility responsibility.; Immediate opportunity for maximum market rent with one unit rent‑ready.; Vacant upper unit (as of 5/30) provides flexibility for renovations, owner occupancy, or increased rental income.

307 State Street, La Porte, IN 46350

MULTI_FAMILY - LaPorte, IN

Property Features for 307 State Street

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail Building with Garage Work Area

La Porte Commercial Opportunity

Move-In Ready Corner Office Building

Restaurant Opportunity in La Porte

Brick Office Building with Garage

Smoothie King For Lease

LaPorte Townhome Multifamily Investment Property

Former Pizza Hut For Sale

Religious Facility with Sanctuary and Kitchen

Mixed-Use Property with Vacant Apartment

Drive-Thru Restaurant For Sale

Retail Showroom with Garage Workspace

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