323 South 6th Street, Goshen, IN 46528
Brick duplex with two separate units, hardwood floors, and washer/dryer amenities suited for rental or owner-occupancy.
- Added:
- May 28, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 6 at 6:10 am
Property Features for 323 South 6th Street
General Information
- Standard status
- Active
- Size
- 2,868 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1910
Listing agent Adam Pendl (574) 233-6141
Listing office eXp Realty, LLC (574) 233-6141
Listing date May 28, 2026
Source Compass
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 eXp Realty, LLC
HighLights
- Brick duplex built in 1910 with 2 units and 5 total bedrooms (2nd story has 2 bedrooms; lower unit has 3 bedrooms).
- Lower unit features hardwood floors, spacious entryway, and boiler heat; currently rented for $1,200/month with owner‑paid utilities.
- Upper unit includes hardwood floors, updated windows, newer bathroom, and a new kitchen with quartz countertops, tile backsplash, and stainless steel appliances; in‑unit washer/dryer.
- Boiler replaced in 2021 and roof updated around 2023; attic has extensive insulation.
- Basement is full and unfinished with additional washer/dryer hookups; includes 1 water meter and 1 gas meter.
- Off‑street parking plus carport and a large covered front porch; plans to increase upper rent to $1,800/month.
Overview
The duplex is located at 323 South 6th Street in Goshen, Indiana. It has a boiler replacement completed in 2021 and a roof update completed around 2023. Utility costs are described as running approximately $300–$500 per month, with owner-paid utilities noted for the lower unit.
For tenants or owner-occupants, the separate unit configuration supports flexible living or leasing arrangements. The presence of in-unit laundry in the upper unit and additional hookups in the basement can help accommodate everyday household needs, while exterior features like the covered porch and carport add day-to-day comfort. Current rents are provided in the remarks, including a noted plan to increase the upper unit rent from $1,600/month to $1,800/month.
Local Financial Insights For Multifamily LT 5
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 | $36.8k | $12.84 |
| − Vacancy | −$2.8k | −$0.96 |
| EGI | $34.1k | $11.88 |
| − OpEx | −$10.2k | −$3.56 |
| NOI | $23.8k | $8.31 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Goshen
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.831696
- Latitude
- 41.582554