Two-Unit Duplex with
New
For Sale
$224,000
913 S Main Street, Goshen, IN 46526
INVESTMENT, One and Half Story, Goshen, IN
Property Size1,434 SF
Lot Size0.25 Acres
Price / SF$156.21
Days on Market4
Property Features for 913 S Main Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 3, Basement, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking
2
Parking features
Garage
Lot features
City/ Town/ Suburb, Near Walking Trail, Level
Elementary school
West Goshen
Middle school
Goshen
High school
Goshen
Elementary school district
Goshen Community Schools
Middle school district
Goshen Community Schools
High school district
Goshen Community Schools
Directions
State Rd 15 to Plymouth Ave To Main S Main St to property
Subdivision
Elkhart County
Standard status
Active
APN
20-11-16-280-016.000-015
Size
1,434 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
WILSON & BART LOT 4
Tax Annual Amount
1513
Legal Description
WILSON & BART LOT 4
Building Details
Year built
1925
Floors in Building
1
Number of units
2
Flooring type
Wood, Carpet, Laminate, Vinyl
Roof type
Asphalt
Architectural style
Victorian
Listing Agency:
eXp Realty, LLC
(888) 611-3912
Listed By:
Bonnie Miller
(260) 894-2202
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 6 at 12:06PM
MLS# 202645378
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.
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Investment Insights
Based on property information with market context.
This 1.5-story duplex contains two residential units with 1,434 square feet of total living area. The property dates to 1925 and includes laminate, vinyl, carpet, and wood flooring. A detached garage provides storage, and the appliances, including the washer and dryer, are included. The units are vacant.
The property sits near downtown Goshen on a 0.25-acre lot. Its configuration includes three bedrooms and three bathrooms across the residence, along with a basement.
The property sits near downtown Goshen on a 0.25-acre lot. Its configuration includes three bedrooms and three bathrooms across the residence, along with a basement.
Key Highlights
- Two residential units in a 1.5‑story duplex
- 1,434 square feet of total property area
- 0.25‑acre lot near downtown Goshen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,922
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,440
$238.4K
Cap Rate 7%
$170,314
$170.3K
Cap Rate 9%
$132,467
$132.5K
Market Conditions
NOI Build-Up for 1,434 SF
Gross rent
$18.4K $12.84/SF
− Vacancy
−$1.4K −$0.96/SF
EGI
$17.0K $11.88/SF
− OpEx
−$5.1K −$3.56/SF
NOI
$11.9K $8.31/SF
Area
Elkhart County, IN
Vacancy
7.50%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,440
Cap Rate 7%
$170,314
Cap Rate 9%
$132,467
Alternative Uses
Best Use
Multifamily LT 5
$170.3K
$149.0K – $198.7K
NOI $11,922 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$151.9K
$132.9K – $177.2K
NOI $10,634 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$265.5K
$232.3K – $309.8K
NOI $18,585 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
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Business Placement
Demographics for 46526, IN
33,170
Population
12,570
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
67.1 sq mi
ZIP Area
494
Density / Sq Mi
$65,864
Median Household Income
$36,446
Median Earnings
$1,061
Median Rent
$192,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Elkhart County, IN
Properties on Market for Duplexes in Elkhart County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residential units are vacant, and the appliances, including the washer and dryer, remain with the property.
Where is this duplex located?
The property is located at 913 S Main Street Goshen, IN.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: Two residential units in a 1.5‑story duplex; 1,434 square feet of total property area; 0.25‑acre lot near downtown Goshen
