Duplex with Detached and Attached
412 West Beardsley Avenue Elkhart, IN 46514
For Sale
$179,900
Duplex setup includes a 3-bedroom unit and a 1-bedroom unit, each with its own garage configuration.
Property Size1,912 SF
Price / SF$94.09
Days on Market30
Property Features for 412 West Beardsley Avenue
General Information
Standard status
Active
Size
1,912 SF
Property subtype
Multi Family / Duplex
Building Details
Year Built
1951
Listing Agency:
Realty Group Resources
(574) 264-2000
Listed By:
Cory White · License #RB14028504
(574) 264-2000
Source:
Compass
Added: Jun 30
Changed: Jul 21
Last Checked: Jul 28 at 1:58PM
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 Realty Group Resources
Investment Insights
Based on property information with market context.
This property is set up as a duplex with two separate living arrangements. One side offers 3 bedrooms and 1.5 bathrooms with a finished basement. The other side is configured as a 1-bedroom, 1-bath apartment or in-law suite.
The home includes a 2-car detached garage and a 1-car attached garage. The property is being sold as-is, where-is to cash buyers with proof of funds only, and it is noted that there is no working HVAC and minimal electric.
The property is listed for sale as a residential income duplex and will be of most interest to buyers comfortable with a renovation scope due to the reported HVAC and electrical condition.
The home includes a 2-car detached garage and a 1-car attached garage. The property is being sold as-is, where-is to cash buyers with proof of funds only, and it is noted that there is no working HVAC and minimal electric.
The property is listed for sale as a residential income duplex and will be of most interest to buyers comfortable with a renovation scope due to the reported HVAC and electrical condition.
Key Highlights
- Duplex setup with a 3‑bedroom, 1.5‑bath unit and a separate 1‑bedroom, 1‑bath apartment/in‑law suite
- Each side includes basement space: partial basement with block basement material
- Multiple garages: 2‑car detached garage plus 1‑car attached garage
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 | $24.6k | $12.84 |
| − Vacancy | −$1.8k | −$0.96 |
| EGI | $22.7k | $11.88 |
| − OpEx | −$6.8k | −$3.56 |
| NOI | $15.9k | $8.31 |
1,912 SF · lease $12.84/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$227.1K
$198.7K – $264.9K
NOI $15,896 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$202.6K
$177.2K – $236.3K
NOI $14,179 @ 7.0% cap · market cap 7.88%
Theoretical Best
Specialty Retail
$354.0K
$309.8K – $413.0K
NOI $24,780 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex setup includes a 3-bedroom unit and a 1-bedroom unit, each with its own garage configuration.
Where is this duplex located?
The property is located at 412 West Beardsley Avenue Elkhart, IN.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Duplex setup with a 3‑bedroom, 1.5‑bath unit and a separate 1‑bedroom, 1‑bath apartment/in‑law suite; Each side includes basement space: partial basement with block basement material; Multiple garages: 2‑car detached garage plus 1‑car attached garage
