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Two-Unit Residential Income Property
New
For Sale
$149,900

823-821 W 3rd Street, Mishawaka, IN 46544

Well-maintained duplex with one currently unrented unit and access to nearby shopping, restaurants, schools, and parks.

Property Size1,956 SF
Price / SF$76.64
Days on Market2

Property Features for 823-821 W 3rd Street

General Information

Standard status Active
Size 1,956 SF
Property subtype Multi-Family

Building Details

Year Built 1900
Listing Agency: McKinnies Realty, LLC Elkhart
Listed By: Jennea Schirr · License #18456
Source: Housesinfortwayne
Added: Sep 18 Last Checked: Sep 18 at 3:06PM

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 McKinnies Realty, LLC Elkhart

Investment Insights

Based on property information with market context.

This duplex at 821 and 823 W. 3rd Street contains 1,956 square feet and was built in 1900. The property is described as being in good condition throughout, with one unit currently unrented because the owner was considering a sale. As a result, current income does not reflect full occupancy.

The property is in Mishawaka near shopping, restaurants, schools, parks, and other everyday amenities. Its two-unit configuration supports residential income use and may also accommodate an owner-occupant arrangement with rental income from the other unit, as described in the property information.

Key Highlights

  • Duplex at 821 and 823 W. 3rd Street
  • 1,956 square feet of residential space
  • Built in 1900

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Skin Care Clinic Computer & Electronic Repair Electrical Service

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

Location Intelligence

Trade Area within ½ mile

887
Businesses Nearby

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

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?
Duplex - Well-maintained duplex with one currently unrented unit and access to nearby shopping, restaurants, schools, and parks.
Where is this duplex located?
The property is located at 823-821 W 3rd Street Mishawaka, IN.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Duplex at 821 and 823 W. 3rd Street; 1,956 square feet of residential space; Built in 1900
More about this property
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