Four-Unit One-Bedroom Income
For Sale
$250,000
401 E Garfield St, Michigan City, IN 46360
Four one-bedroom units with three currently occupied, plus recent HVAC and window replacements.
Property SizeContact for details
Days on Market131
Property Features for 401 E Garfield St
General Information
Standard status
Active
Property subtype
Multi-Family
Occupancy
75%
Additional Details
Multifamily Units
4
Building Details
Year Built
1906
Tenancy
Multi
Listing Agency:
Key Realty Indiana, LLC
Listed By:
Cindy Malmquist
(219) 292-7056
Source:
Amyboston.realtopiare
Added: Jun 16
Changed: Oct 8
Last Checked: Oct 23 at 12:57PM
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 Key Realty Indiana, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit income property offers four one-bedroom apartments. Three units are currently occupied, and the remaining unit is vacant to allow for convenient showings.
Recent exterior and mechanical updates include new HVAC systems scheduled for 2025/2026 and new windows completed in 2025.
The property is being offered for sale as a multifamily/quadplex investment with an in-place rental mix and select capital improvements underway or completed.
Recent exterior and mechanical updates include new HVAC systems scheduled for 2025/2026 and new windows completed in 2025.
The property is being offered for sale as a multifamily/quadplex investment with an in-place rental mix and select capital improvements underway or completed.
Key Highlights
- Four 1‑bedroom units in a 1906‑built property
- 3 of 4 units are currently occupied (1 unit vacant for showing convenience)
- New HVAC scheduled for 2025/2026
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Explore this area
Business Placement
Demographics for 46360, IN
44,209
Population
21,652
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
76.6 sq mi
ZIP Area
577
Density / Sq Mi
$59,641
Median Household Income
$36,738
Median Earnings
$924
Median Rent
$155,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom units with three currently occupied, plus recent HVAC and window replacements.
Where is this quadplex located?
The property is located at 401 E Garfield St Michigan City, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Four 1‑bedroom units in a 1906‑built property; 3 of 4 units are currently occupied (1 unit vacant for showing convenience); New HVAC scheduled for 2025/2026
