Elkhart, IN Multifamily Properties for Sale

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Updated: Jul 10

Duplex with Detached Garage

412 W Beardsley Avenue, Elkhart, IN 46514

$169,900

1,912 sqft 0.34 AC lot

Duplex configuration with a 3‑bedroom, 1.5‑bath main residence and separate 1‑bedroom, 1‑bath apartment
1,912 square feet on 0.34 acres
Finished basement included with the larger residential unit
Two‑car detached garage plus one‑car attached garage
Built in 1951

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412 W Beardsley Avenue, Elkhart, IN 46514-2661

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Est. Cap Rate

8.4%
Above avg (5.9%)
Est. NOI

$14K
Annual
Price @ 7% Cap

$203K
Above asking
Property Type

Single Family Residence
Built 1951

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Updated: Jun 14

Two-Story Mixed-Use Building

209 S 2nd Street, Elkhart, IN 46516

$399,900

4,252 sqft 0.17 AC lot

4,252‑square‑foot mixed‑use building on a 0.17‑acre parcel
Two upper‑level apartments, each with 1 bedroom and 1 bathroom
Main‑level commercial area includes 5 office rooms, 2 bathrooms, kitchen, and storage
Built in 1915 with 10‑foot ceilings, hardwood flooring, granite counters, and large windows in the apartments
Downtown Elkhart location near restaurants, shops, entertainment, and local employers

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Renovated Triplex with New Furnace

616 N Michigan Street, Elkhart, IN 46514

$198,900

1,502 sqft 0.20 AC lot

Triplex renovated prior to the current tenants moving in, with a new furnace and off-street parking on-site.

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Mixed-Use Property with Rental Units

1007 S Main St, Elkhart, IN 46516

$140,000

2,151 sqft

Main-level storefront is paired with two separately metered rear rental units.

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Four-Unit Property with Metal Roof

1413 Prairie Street, Elkhart, IN 46516

$174,900

3,448 sqft 0.18 AC lot

Individual gas and electric meters serve each unit, with vinyl siding and a basement included in the property improvements.

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Mixed-Use Building with Apartments

121 & 123 S Main Street, Elkhart, IN 46516

$795,000

0.18 AC lot

Two commercial units are paired with six apartments, lofts, and a balcony.

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Updated Duplex with Garage

23724/23726 Springriver Drive, Elkhart, IN 46516

$324,900

1,311 sqft 0.46 AC lot

Two-story duplex with central air, mixed flooring, and both garage and off-street parking.

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Updated Duplex with New Roof

23724 /23726 Springriver Dr, Elkhart, IN 46516

$324,900

1,311 sqft

Built in 2003 with updated water heaters and newer HVAC systems.

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Renovated Triplex with New Furnace

616 N Michigan Street, Elkhart, IN 46514

$198,900

1,502 sqft

Three-unit rental property with renovations completed before tenant occupancy and a new furnace installed this year.

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Duplex with Detached Garage

412 W Beardsley Ave, Elkhart, IN 46514

$169,900

1,912 sqft

Two-unit property with a finished basement, multiple garage spaces, and significant renovation needs.

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4-Unit Quadplex with Separate Meters

1413 Prairie St, Elkhart, IN 46516

$174,900

3,448 sqft

Metal roofing and vinyl siding distinguish this four-unit residential income property.

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Updated Duplex Investment Property

23724-23726 Springriver Drive, Elkhart, IN 46516

$324,900

1,311 sqft

Well maintained duplex with a new roof, updated water heaters, and newer HVAC, offered for sale with walkthroughs after acceptance.

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Duplex With Side Lot

323 E Simonton St, Elkhart, IN 46514

$89,900

1,088 sqft

Two residences feature separate electric metering and distinct bedroom configurations in a two-unit property.

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Mixed-Use Building with Storefronts

121 & 123 S Main Street, Elkhart, IN 46516

$795,000

Multi-tenant building features two Main Street storefront units and six apartments above, plus a 2024 roof.

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Occupied Two-Unit Duplex

1614 Morehouse Ave, Elkhart, IN 46516

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Each floor provides a two-bedroom, one-bath residential layout with occupied units.

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Historic Mixed-Use Building

117 W Jackson Blvd, Elkhart, IN 46516

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Street-level hospitality space is paired with two upper-floor apartments requiring renovation.

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Triplex with Rental Income

116 N 6th St, Elkhart, IN 46516

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Three-unit residential income property with one occupied unit and two available units.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 17 Active Listings in Elkhart, IN, we suggest to view alternatives - similar 46 Off-Market properties to explore as potential leads.

Off-Market Properties in Elkhart, IN

Consider similar Off-Market properties in Elkhart, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

CAMPGROUND, RV PARK

3075 Belvedere Rd, Elkhart, IN 46514-5544

$375,000

Estimated value

1,824 sqft 5.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

208 State St, Elkhart, IN 46516-0012

$245,000

Estimated value

8,204 sqft 0.39 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1624 Windsong Dr, Elkhart, IN 46514-4190

Unit 27

$270,000

Estimated value

4,512 sqft 1.03 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1626 Windsong Dr, Elkhart, IN 46514-4192

$250,000

Estimated value

4,512 sqft 0.31 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

100 Michigan St, Elkhart, IN 46514-2567

$250,000

Estimated value

5,970 sqft 0.24 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

465 Simpson Ave, Elkhart, IN 46516-4754

$245,000

Estimated value

3,827 sqft 0.27 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

465 Simpson Ave, Elkhart, IN 46516-4754

$255,000

Estimated value

4,070 sqft 0.23 AC lot

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Elkhart, IN Multifamily Properties Market Trends and Statistics

Explore 63 multifamily properties for sale in Elkhart, IN, showcased through 17 active listings on our real estate platform. These investment opportunities span a total of 25,148 square feet of properties for sale, with an estimated market value of $4,281,900.

Sale prices for multifamily properties in Elkhart, IN start at $89,900, averaging $305,850, and reaching up to $795,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 99K

Population Growth (5Y) -0.8%

Median Household Income $57,378

College Educated 17.6%

High-Yield Neighborhoods for Investment

Identify Elkhart submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
46514	$276.3K
46516	$294.3K
46517	$535.9K

Taxes & Financing

Tax Rate (average for all types) 2.57%

Property Tax per SF $42.55 per SF

Tax Rate vs County Average 0.11 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Elkhart County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Elkhart fall within the 100,000+ square foot range.

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