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

823 W 3rd Street, Mishawaka, IN 46544

Established neighborhood setting near shopping, restaurants, schools, parks, and everyday amenities.

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

Property Features for 823 W 3rd Street

General Information

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

Building Details

Year Built 1900
Listing Agency: Century 21 Bradley Realty, Inc
Listed By: Patton Hall
Source: Pattonhall
Added: Sep 18 Last Checked: Sep 19 at 9:33AM

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 Century 21 Bradley Realty, Inc

Investment Insights

Based on property information with market context.

This duplex contains two residential units within approximately 1,956 square feet of building area. Constructed in 1900, the property is described as being in good condition and offers a straightforward two-unit configuration. One unit was intentionally left unrented while the property was being considered for sale, so current income does not reflect full occupancy.

The property is located at 823 W 3rd Street in Mishawaka, Indiana, near shopping, restaurants, schools, parks, and other daily conveniences. Its existing duplex layout provides flexibility for continued rental use or an owner-occupant arrangement with a separate unit.

Key Highlights

  • Duplex with two residential units
  • Approximately 1,956 square feet of building area
  • Built in 1900

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Skin Care Clinic Computer & Electronic Repair Furniture & Home Goods Carpet & Flooring Store (Bike/Boat/Book/etc) Store Catering 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Established neighborhood setting near shopping, restaurants, schools, parks, and everyday amenities.
Where is this duplex located?
The property is located at 823 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 with two residential units; Approximately 1,956 square feet of building area; Built in 1900
More about this property
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