Nappanee, IN Multifamily Properties for Sale

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Goshen, IN Bremen, IN Leesburg, IN Bourbon, IN Warsaw, IN Elkhart, IN Syracuse, IN Osceola, IN

Updated: May 11

Duplex with 2024 Roof Replacement

456 E Walnut Street, Nappanee, IN 46550

$155,000

1,916 sqft 0.20 AC lot

Duplex in Wa‑Nee School District with upstairs unit ready for a renter or owner occupancy
Roof replacement in 2024
Built in 1910
Vinyl flooring
Includes multiple bedrooms and 2 bathrooms, plus a basement

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This listing looks promising.

Here's a quick look at some key insights for

456 E Walnut Street, Nappanee, IN 46550-2020

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Est. Cap Rate

9.2%
Above avg (5.9%)
Est. NOI

$14K
Annual
Price @ 7% Cap

$203K
Above asking
Property Type

Single Family Residence
Built 1910

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Updated: Apr 2

Apartment Community with Townhome Units

808 Northside Blvd, Nappanee, IN 46550

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Northside Manor Apartments in Nappanee, IN offers 65 townhome‑style units.
Unit mix includes 10 one‑bedroom/one‑bath, 15 two‑bedroom/one‑bath, 4 two‑bedroom/two‑bath, and 27 two‑bedroom/one‑bath units.
28 of the 65 units have been renovated (approx. 21.96% of the total units).
Recent capital improvements include all new roofs, new parking lot, and new gutters.
Interior renovations plus new siding and windows on two buildings, with added crawlspace access and foundation‑related updates.

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Based on your search, we've compiled 34 Potential Opportunities for your consideration. Besides 2 Active listings in Nappanee, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 24 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Two-Building Apartment Community

210/218 S Silverwood Lane, Goshen, IN 46526

$795,000

6,608 sqft 0.71 AC lot

Two-building apartment community with private parking, with roof and HVAC updates and in-unit appliances included.

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Corner Lot Duplex

303 W Main Street, Syracuse, IN 46567

$225,000

1,800 sqft 0.18 AC lot

Duplex with 4 bedrooms and 2.5 bathrooms on a corner lot in downtown Syracuse, with tenants in place.

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Brick Duplex with Covered Porch

323 South 6th Street, Goshen, IN 46528

$309,000

2,868 sqft

Brick duplex with two separate units, hardwood floors, and washer/dryer amenities suited for rental or owner-occupancy.

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Downtown Duplex Income Property

303 West Main Street, Syracuse, IN 46567

$225,000

1,800 sqft

Duplex with 4 bedrooms and 2.5 bathrooms on a corner lot, with long-term tenants in place.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing

0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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University Park Developable Land

976 Mesa Court, University Park, IL 60484

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3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing

0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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Expansive Land with Development Potential

VL N Fleming Road, Fowlerville, MI 48836

$6,900,000

354.27 AC lot

350+ acres of prime land with two scenic lakes.

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Off-Market Properties in Nappanee, IN

Consider similar Off-Market properties in Nappanee, 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.

APARTMENT HOUSE (UNDER 5 UNITS)

209 Stonewall Ct, Nappanee, IN 46550-2745

Value Estimation by Request

3,348 sqft 0.19 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

203 Stonewall Ct, Nappanee, IN 46550-2767

Value Estimation by Request

3,348 sqft 0.22 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

451 Market St, Nappanee, IN 46550-1900

Value Estimation by Request

2,047 sqft 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

904 Lincoln St, Nappanee, IN 46550-2152

Value Estimation by Request

3,120 sqft 0.21 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1051 Van Buren St, Nappanee, IN 46550-1514

Value Estimation by Request

2,030 sqft 3.72 AC lot

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MOBILE HOME PARK, TRAILER PARK

Cardinal St, Nappanee, IN 46550

Value Estimation by Request

20.28 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

205 Stonewall Ct, Nappanee, IN 46550-2769

Value Estimation by Request

3,348 sqft 0.20 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

207 Stonewall Ct, Nappanee, IN 46550-2771

Value Estimation by Request

3,348 sqft 0.19 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

201 Stonewall Ct, Nappanee, IN 46550-2765

Value Estimation by Request

3,348 sqft 0.33 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

208 Stonewall Ct, Nappanee, IN 46550-2772

Value Estimation by Request

3,348 sqft 0.20 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

204 Stonewall Ct, Nappanee, IN 46550-2768

Value Estimation by Request

3,348 sqft 0.16 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

218 Stonewall Ct, Nappanee, IN 46550-2776

Value Estimation by Request

3,348 sqft 0.21 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

212 Stonewall Ct, Nappanee, IN 46550-2749

Value Estimation by Request

3,348 sqft 0.19 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

206 Stonewall Ct, Nappanee, IN 46550-2770

Value Estimation by Request

3,348 sqft 0.20 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

217 Stonewall Ct, Nappanee, IN 46550-2775

Value Estimation by Request

3,348 sqft 0.21 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

202 Stonewall Ct, Nappanee, IN 46550-2766

Value Estimation by Request

3,348 sqft 0.38 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

211 Stonewall Ct, Nappanee, IN 46550-2748

Value Estimation by Request

3,348 sqft 0.19 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

210 Stonewall Ct, Nappanee, IN 46550-2747

Value Estimation by Request

3,348 sqft 0.18 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

216 Stonewall Ct, Nappanee, IN 46550-2774

Value Estimation by Request

3,348 sqft 0.21 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

215 Stonewall Ct, Nappanee, IN 46550-2773

Value Estimation by Request

3,348 sqft 0.21 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

213 Stonewall Ct, Nappanee, IN 46550-2752

Value Estimation by Request

3,348 sqft 0.29 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

214 Stonewall Ct, Nappanee, IN 46550-2759

Value Estimation by Request

3,348 sqft 0.23 AC lot

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Nappanee, IN Multifamily Properties Market Trends and Statistics

Explore 26 multifamily properties for sale in Nappanee, IN on our real estate platform. These investment opportunities span a total of 1,916 square feet of properties for sale, with an estimated market value of $155,000.

Sale prices for multifamily properties in Nappanee, IN average $155,000 — 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 12K

Population Growth (5Y) -2.7%

Median Household Income $80,403

College Educated 11.5%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
46550	$175K

Taxes & Financing

Tax Rate (average for all types) 2.47%

Property Tax per SF $37.19 per SF

Tax Rate vs County Average 0.04 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Elkhart County

New Delisted

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Nappanee, IN Multifamily Properties for Sale

456 E Walnut Street, Nappanee, IN 46550

808 Northside Blvd, Nappanee, IN 46550

Opportunities in Nearby Cities

210/218 S Silverwood Lane, Goshen, IN 46526

303 W Main Street, Syracuse, IN 46567

323 South 6th Street, Goshen, IN 46528

303 West Main Street, Syracuse, IN 46567

Potential Development Sites for Consideration

4418 Oakland Court, Wheatfield, IN 46392

976 Mesa Court, University Park, IL 60484

27 Oyster Bay, Lakemoor, IL 60051

VL N Fleming Road, Fowlerville, MI 48836

Off-Market Properties in Nappanee, IN

209 Stonewall Ct, Nappanee, IN 46550-2745

203 Stonewall Ct, Nappanee, IN 46550-2767

451 Market St, Nappanee, IN 46550-1900

904 Lincoln St, Nappanee, IN 46550-2152

1051 Van Buren St, Nappanee, IN 46550-1514

Cardinal St, Nappanee, IN 46550

205 Stonewall Ct, Nappanee, IN 46550-2769

207 Stonewall Ct, Nappanee, IN 46550-2771

201 Stonewall Ct, Nappanee, IN 46550-2765

208 Stonewall Ct, Nappanee, IN 46550-2772

204 Stonewall Ct, Nappanee, IN 46550-2768

218 Stonewall Ct, Nappanee, IN 46550-2776

212 Stonewall Ct, Nappanee, IN 46550-2749

206 Stonewall Ct, Nappanee, IN 46550-2770

217 Stonewall Ct, Nappanee, IN 46550-2775

202 Stonewall Ct, Nappanee, IN 46550-2766

211 Stonewall Ct, Nappanee, IN 46550-2748

210 Stonewall Ct, Nappanee, IN 46550-2747

216 Stonewall Ct, Nappanee, IN 46550-2774

215 Stonewall Ct, Nappanee, IN 46550-2773

213 Stonewall Ct, Nappanee, IN 46550-2752

214 Stonewall Ct, Nappanee, IN 46550-2759

Nappanee, IN Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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