3-Suite Multifamily
For Sale
$625,000
330 N Sunnyside Ave, South Bend, IN 46617
Private living quarters are paired with shared kitchen, dining, and gathering areas.
Property Size2,800 SF
Price / SF$223.21
Days on Market9
Property Features for 330 N Sunnyside Ave
General Information
Standard status
Active
Size
2,800 SF
Net Operating Income
$36,060
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$58,500
Amenities
fireplace
laundry facility
shared kitchen
Building Details
Year Built
2008
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Coldwell Banker Real Estate Group
Listed By:
Tommy Kraemer
(574) 276-3072
Source:
Callcriswell
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 7 at 1:56PM
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 Coldwell Banker Real Estate Group
Investment Insights
Based on property information with market context.
This three-level brick multifamily property, built in 2008, contains three two-bedroom suites, each with a living room, kitchenette, and full bath. Shared areas include a full kitchen, dining room, gathering room with fireplace, and a large laundry facility on the main level. Dedicated parking is available.
The property is 1.3 miles from Notre Dame. Its private suites and communal rooms provide a combination of individual living space and shared interior areas.
The property is 1.3 miles from Notre Dame. Its private suites and communal rooms provide a combination of individual living space and shared interior areas.
Key Highlights
- Three two‑bedroom suites, each with a living room, kitchenette, and full bath
- Three‑level brick building constructed in 2008
- Main‑level shared kitchen, dining room, gathering room with fireplace, and large laundry facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,077
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,540
$461.5K
Cap Rate 7%
$329,671
$329.7K
Cap Rate 9%
$256,411
$256.4K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$45.4K $16.20/SF
− Vacancy
−$3.4K −$1.22/SF
EGI
$42.0K $14.99/SF
− OpEx
−$18.9K −$6.74/SF
NOI
$23.1K $8.24/SF
Area
South Bend, IN
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,540
Cap Rate 7%
$329,671
Cap Rate 9%
$256,411
Alternative Uses
Best Use
Apartment 5plus
$329.7K
$288.5K – $384.6K
NOI $23,077 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$708.4K
$619.8K – $826.4K
NOI $49,586 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
Demographics for 46617, IN
9,813
Population
5,502
Households
1.8
Avg Household Size
35
Median Age
60%
College-Educated
96%
High-School Grad
2.6 sq mi
ZIP Area
3,774
Density / Sq Mi
$73,700
Median Household Income
$37,331
Median Earnings
$1,422
Median Rent
$231,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - Private living quarters are paired with shared kitchen, dining, and gathering areas.
Where is this multifamily property located?
The property is located at 330 N Sunnyside Ave South Bend, IN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three two‑bedroom suites, each with a living room, kitchenette, and full bath; Three‑level brick building constructed in 2008; Main‑level shared kitchen, dining room, gathering room with fireplace, and large laundry facility
