Duplex with Shared
313 South 7th Street Goshen, IN 46528
313 South 7th Street, Goshen, IN, 46528
$179,900
For Sale
$179,900
Duplex offering two rental units with shared basement laundry and utilities included in the rent.
Property Size2,196 SF
Price / SF$81.92
Days on Market104
Property Features for 313 South 7th Street
General Information
- Standard status
- Active
- Size
- 2,196 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1860
Listing agency
RE/MAX Results
(574) 533-9581
Listed by
Rose Chevalier · License #RB14044944
(574) 533-9581
Source
Compass
Added: Apr 9 Updated: Jul 21 at 12:10AM Checked: Jul 21 at 12:10AM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This duplex provides two separate rental units with a shared laundry area in the basement. The upper level unit includes two bedrooms and one bathroom. The main level unit has one designated bedroom, with flexibility for use of additional rooms to create a two-bedroom layout depending on configuration.
According to the owner, tenant payment history has been strong, with one tenant residing in the property for 15 years and the other for four years. Utilities are not split; utilities are included in the rent. The current tenants are on month-to-month arrangements, as a new lease has not been signed.
The property is listed for sale with a total size of 2,196 square feet, and it is presented as a straightforward residential income duplex with existing occupancy and operational continuity.
According to the owner, tenant payment history has been strong, with one tenant residing in the property for 15 years and the other for four years. Utilities are not split; utilities are included in the rent. The current tenants are on month-to-month arrangements, as a new lease has not been signed.
The property is listed for sale with a total size of 2,196 square feet, and it is presented as a straightforward residential income duplex with existing occupancy and operational continuity.
Key Highlights
- Duplex with two rental units: upper unit has 2 bedrooms and 1 bath; main level unit has 1 designated bedroom plus flexible space
- Shared basement laundry facilities with W/D hook‑ups; 1 washer and 1 dryer listed for the property
- Utilities are included in the rent and are not split between units; both tenants pay on time (per owner)
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 | $32.1k | $14.64 |
| − Vacancy | −$2.5k | −$1.16 |
| EGI | $29.6k | $13.48 |
| − OpEx | −$13.3k | −$6.07 |
| NOI | $16.3k | $7.42 |
2,196 SF · lease $14.64/SF/yr · vacancy 7.90% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$260.8K
$228.2K – $304.3K
NOI $18,257 @ 7.0% cap · market cap 10.15%
Second Best
Apartment 5plus
$232.6K
$203.6K – $271.4K
NOI $16,285 @ 7.0% cap · market cap 9.05%
Theoretical Best
Specialty Retail
$406.6K
$355.8K – $474.3K
NOI $28,460 @ 7.0% cap · market cap 15.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offering two rental units with shared basement laundry and utilities included in the rent.
Where is this duplex located?
The property is located at 313 South 7th Street Goshen, IN.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Duplex with two rental units: upper unit has 2 bedrooms and 1 bath; main level unit has 1 designated bedroom plus flexible space; Shared basement laundry facilities with W/D hook‑ups; 1 washer and 1 dryer listed for the property; Utilities are included in the rent and are not split between units; both tenants pay on time (per owner)
