12-Unit Apartment Building with Pole
For Sale
$499,000
Pending
701 W Beardsley Avenue, Elkhart, IN 46514
MULTI_FAMILY - Elkhart, IN
Property Size10,290 SF
Lot Size0.32 Acres
Days on Market115
Property Features for 701 W Beardsley Avenue
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
16
Bathrooms
12
Full bathrooms
12
Rooms
Bathroom 8, Bathroom 9, Bathroom 2, Bedroom 15, Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 12, Bedroom 14, Bathroom 5, Bedroom 11, Bathroom 1, Basement, Bedroom 16, Bedroom 13, Bedroom 9, Bathroom 7, Bathroom 4, Bathroom 6, Bedroom 1, Bathroom 11, Bedroom 10, Bedroom 7, Bedroom 6, Bedroom 12, Bathroom 3, Bedroom 2, Bathroom 10, Bedroom 8
Parking
12
Lot features
City/ Town/ Suburb, 0-2.9999
Elementary school
Mary Daly
Middle school
West Side
High school
Elkhart
Elementary school district
Elkhart Community Schools
Middle school district
Elkhart Community Schools
High school district
Elkhart Community Schools
Directions
SW corner of N. Michigan St. and W. Beardsley Ave.
Subdivision
Elkhart County
Standard status
Pending
APN
20-06-06-279-004.000-012
Size
10,290 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N ELKHART LOT 57 *and* N ELK 44X82 1/2 FT LOT 56
Tax Annual Amount
2940
Legal Description
N ELKHART LOT 57 *and* N ELK 44X82 1/2 FT LOT 56
Building Details
Year built
1900
Floors in Building
2
Number of units
12
Flooring type
Carpet, Vinyl
Architectural style
Other
Listing Agency:
RE/MAX Results · RE/MAX International
(574) 533-9581
Listed By:
Steve Miller · License #CO88900013
(574) 238-1436
Added: Apr 13
Changed: Aug 1
Last Checked: Aug 5 at 6:06PM
MLS# 202613609
Copyright © 2026 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 12-unit apartment building on 0.32 acres includes a mix of 9 leased units, 1 owner-occupied unit, and 2 vacant units that need improvements for occupancy. Interior finishes include carpet and vinyl flooring, and the property has a basement.
The building features a durable rubber roof and a boiler approximately 8–10 years old. Recent electrical improvements may support future separation of utilities, which can help streamline building operations. A pole barn is also included on the property.
Built in 1900, this is a straightforward buy-and-improve opportunity for an investor looking to stabilize vacant units and capitalize on in-place leasing while addressing needed improvements.
The building features a durable rubber roof and a boiler approximately 8–10 years old. Recent electrical improvements may support future separation of utilities, which can help streamline building operations. A pole barn is also included on the property.
Built in 1900, this is a straightforward buy-and-improve opportunity for an investor looking to stabilize vacant units and capitalize on in-place leasing while addressing needed improvements.
Key Highlights
- 12‑unit apartment building with 9 leased units, 1 owner‑occupied unit, and 2 vacant units
- 0.32‑acre lot with 10,290 SF building size
- Durable rubber roof
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 46514, IN
42,048
Population
17,987
Households
2.3
Avg Household Size
39
Median Age
21%
College-Educated
86%
High-School Grad
38.7 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,784
Median Household Income
$40,909
Median Earnings
$1,084
Median Rent
$170,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit multifamily property on a 0.32-acre lot with a pole barn, rubber roof, and recent electrical improvements.
Where is this apartment building located?
The property is located at 701 W Beardsley Avenue Elkhart, IN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 12‑unit apartment building with 9 leased units, 1 owner‑occupied unit, and 2 vacant units; 0.32‑acre lot with 10,290 SF building size; Durable rubber roof
