Leased Duplex with
New
For Sale
$199,900
322 W Mitchell Street, Kendallville, IN 46755
Corner-lot duplex with two occupied units, extended leases, and furnished Unit 2 conveying with the property.
Property Size1,882 SF
Price / SF$106.22
Days on Market2
Property Features for 322 W Mitchell Street
General Information
Standard status
Active
Size
1,882 SF
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$20,111
Additional Details
Furnished
Yes
Cap Rate
10%
Multifamily Units
2
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
Katie Slepsky, @Properties
Listed By:
Carson and Lisa Lowry Real Estate
(812) 305-4663
Source:
Carsonlowryrealestate
Added: Sep 20
Last Checked: Sep 21 at 6:55AM
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 Katie Slepsky, @Properties
Investment Insights
Based on property information with market context.
This 1,882-square-foot duplex was built in 1960 and is fully leased with both units occupied. Leases extend through October 1, 2027. Unit 2 is furnished, and the owner-provided furniture conveys with the property. Utility responsibility varies by unit: Unit 1 tenants pay their own electric and gas, while the owner covers water and trash; the owner currently pays all utilities for Unit 2.
The property sits on a corner lot with off-street parking and additional street parking. Its location is a few blocks from downtown Kendallville, with shopping, restaurants, and downtown amenities nearby. A 48-hour tenant notice is required for showings.
The property sits on a corner lot with off-street parking and additional street parking. Its location is a few blocks from downtown Kendallville, with shopping, restaurants, and downtown amenities nearby. A 48-hour tenant notice is required for showings.
Key Highlights
- 1,882‑square‑foot duplex built in 1960
- Both units occupied with leases extending through October 1, 2027
- Fully furnished Unit 2; owner‑provided furniture conveys
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
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Business Placement
Demographics for 46755, IN
15,721
Population
6,857
Households
2.3
Avg Household Size
40
Median Age
17%
College-Educated
85%
High-School Grad
74.9 sq mi
ZIP Area
210
Density / Sq Mi
$66,034
Median Household Income
$41,567
Median Earnings
$722
Median Rent
$160,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex with two occupied units, extended leases, and furnished Unit 2 conveying with the property.
Where is this duplex located?
The property is located at 322 W Mitchell Street Kendallville, IN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,882‑square‑foot duplex built in 1960; Both units occupied with leases extending through October 1, 2027; Fully furnished Unit 2; owner‑provided furniture conveys
