Duplex with Full
For Sale
$220,000
Pending
810 East 3rd Street, Mishawaka, IN 46544
Two residential units offer practical layouts for rental income or owner occupancy in Mishawaka.
Property Size2,178 SF
Days on Market150
Property Features for 810 East 3rd Street
General Information
Standard status
Pending
Size
2,178 SF
Property subtype
Multi Family / Duplex
Lease Term
1 Year
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,133
Amenities
2
Yes
Laminate, Part Carpet, Wood
Forced Air
1
Full Basement
4
No
Vinyl
Basement, Fenced Yard, Fireplace, Off Street Parking
Building Details
Year Built
1890
Buildings
2
Units
2
Listing Agency:
St. Joseph Realty Group
Listed By:
Kate Basham · License #RB24000999
(574) 344-9396
Source:
Compass
Added: May 19
Changed: Oct 2
Last Checked: Oct 15 at 1:48AM
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.
Located at 810 East 3rd Street in Mishawaka, this duplex contains two residential units, each configured with two bedrooms and one full bathroom. The property offers 2,178 square feet of building area, along with a full basement, fenced yard, fireplace, and off-street parking. Exterior siding is vinyl, and the building dates to 1890.
The property is positioned near schools, shopping, dining, parks, and major roadways. Its two-unit configuration supports continued rental use or an owner-occupancy arrangement with income from the additional unit. Interior finishes include laminate, partial carpeting, and wood flooring.
The property is positioned near schools, shopping, dining, parks, and major roadways. Its two-unit configuration supports continued rental use or an owner-occupancy arrangement with income from the additional unit. Interior finishes include laminate, partial carpeting, and wood flooring.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 2,178 square feet of building area
- Full basement and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,185
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,700
$383.7K
Cap Rate 7%
$274,071
$274.1K
Cap Rate 9%
$213,167
$213.2K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$29.3K $13.44/SF
− Vacancy
−$1.9K −$0.86/SF
EGI
$27.4K $12.58/SF
− OpEx
−$8.2K −$3.78/SF
NOI
$19.2K $8.81/SF
Area
St. Joseph County, IN
Vacancy
6.37%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,700
Cap Rate 7%
$274,071
Cap Rate 9%
$213,167
Alternative Uses
Best Use
Multifamily LT 5
$274.1K
$239.8K – $319.8K
NOI $19,185 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$237.6K
$207.9K – $277.2K
NOI $16,630 @ 7.0% cap · market cap 7.56%
Theoretical Best
Retail
$431.9K
$377.9K – $503.9K
NOI $30,233 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 46544, IN
31,571
Population
13,661
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
88%
High-School Grad
39.8 sq mi
ZIP Area
793
Density / Sq Mi
$57,873
Median Household Income
$40,120
Median Earnings
$1,018
Median Rent
$151,100
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer practical layouts for rental income or owner occupancy in Mishawaka.
Where is this duplex located?
The property is located at 810 East 3rd Street Mishawaka, IN.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 2,178 square feet of building area; Full basement and fenced yard
