Duplex with Private
911 S Logan Street, South Bend, IN 46615
For Sale
$220,000
Both one-bedroom units are vacant and have separate furnaces for independent heating.
Property Size1,316 SF
Price / SF$167.17
Days on Market19
Property Features for 911 S Logan Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
balcony
laundry hookups
Listing Agency:
Berkshire Hathaway HomeServices Northern Indiana Real Estate
Listed By:
Evan Forslund · License #RB17000532
(574) 340-2234
Source:
Exprealty
Added: Oct 20
Changed: Nov 4
Last Checked: Nov 6 at 11:19AM
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 Berkshire Hathaway HomeServices Northern Indiana Real Estate
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Investment Insights
Based on property information with market context.
This 1,316-square-foot duplex contains two one-bedroom units, each with its own exterior entrance and furnace. Both residences have updated kitchens and bathrooms, plus refreshed flooring and paint. The upper-level unit includes a street-facing balcony.
A roof installed four years ago and basement laundry hookups are additional property features.
A roof installed four years ago and basement laundry hookups are additional property features.
Key Highlights
- Two one‑bedroom units, both currently vacant
- 1,316‑square‑foot duplex with separate exterior entrances
- Updated kitchens, bathrooms, flooring, and paint in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,721
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,420
$234.4K
Cap Rate 7%
$167,443
$167.4K
Cap Rate 9%
$130,233
$130.2K
Market Conditions
NOI Build-Up for 1,316 SF
Gross rent
$18.2K $13.80/SF
− Vacancy
−$1.4K −$1.08/SF
EGI
$16.7K $12.72/SF
− OpEx
−$5.0K −$3.82/SF
NOI
$11.7K $8.91/SF
Area
South Bend, IN
Vacancy
7.80%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,420
Cap Rate 7%
$167,443
Cap Rate 9%
$130,233
Alternative Uses
Best Use
Multifamily LT 5
$167.4K
$146.5K – $195.4K
NOI $11,721 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$154.9K
$135.6K – $180.8K
NOI $10,846 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$332.9K
$291.3K – $388.4K
NOI $23,305 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
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Business Placement
Demographics for 46615, IN
14,777
Population
7,234
Households
2
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
3.3 sq mi
ZIP Area
4,478
Density / Sq Mi
$57,983
Median Household Income
$39,744
Median Earnings
$971
Median Rent
$127,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both one-bedroom units are vacant and have separate furnaces for independent heating.
Where is this duplex located?
The property is located at 911 S Logan Street South Bend, 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 one‑bedroom units, both currently vacant; 1,316‑square‑foot duplex with separate exterior entrances; Updated kitchens, bathrooms, flooring, and paint in both units
