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Four-Unit One-Bedroom Quadplex
For Sale
$249,900

407/411 E South Street, South Bend, IN 46601

Individually metered units support straightforward utility allocation and established rental operations.

Property SizeContact for details
Days on Market9

Property Features for 407/411 E South Street

General Information

Standard status Active
Property subtype Investment

Units

Unit Mix 4 x 1BR/1BA
Multifamily Units 4
Listing Agency: St. Joseph Realty Group
Listed By: Stephen DiJulius
Source: Midwestrealestategroup
Added: Aug 20 Changed: Aug 28 Last Checked: Aug 28 at 10:13AM

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 St. Joseph Realty Group

Investment Insights

Based on property information with market context.

This quadplex at 407/411 E South Street contains four one-bedroom, one-bathroom units. Each apartment is individually metered, providing separate utility measurement across the property. The existing unit configuration offers a consistent residential layout within a single multifamily asset.

The property is located in South Bend, Indiana, within the South Bend rental market. An established rental history adds operating context for a buyer evaluating the building as an addition to a multifamily portfolio or as a first multi-unit acquisition. The four-door structure keeps the asset concentrated while providing multiple residential units under one ownership.

Key Highlights

  • Four one‑bedroom, one‑bathroom units
  • Individual utility metering for each unit
  • Established rental history

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Nail Salon (Bike/Boat/Book/etc) Store Barber Shop Garden Center Cosmetic Store Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,910
Businesses Nearby

Demographics for 46601, IN

5,947
Population
2,862
Households
2.1
Avg Household Size
35
Median Age
22%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
2,974
Density / Sq Mi
$27,080
Median Household Income
$26,835
Median Earnings
$784
Median Rent
$131,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Individually metered units support straightforward utility allocation and established rental operations.
Where is this quadplex located?
The property is located at 407/411 E South Street South Bend, IN.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom units; Individual utility metering for each unit; Established rental history
More about this property
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