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Nappanee, IN

Multifamily

Nappanee, IN Multifamily Properties for Sale

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

13-Unit Apartment Building

Updated: Sep 4

13-Unit Apartment Building

952 Walnut Street, Nappanee, IN 46550

$1,250,000

12,022 sqft 0.65 AC lot

13 apartment units within 12,022 square feet
0.65‑acre property at 952 Walnut Street in Nappanee
One- and two‑bedroom unit mix
New roof completed in 2020
Built in 1957

Updated Apartment Building

Updated: Sep 6

Updated Apartment Building

952 Walnut Street, Nappanee, IN 46550

$1,250,000

12,022 sqft

13‑unit apartment property
12,022‑square‑foot building
Mix of one- and two‑bedroom units
New roof installed in 2020
Built in 1957

See what stands out in Elkhart County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Based on your search, we've compiled 30 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

Opportunities in Nearby Cities

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

Two-Building Apartment Community

Two-Building Apartment Community

210 /218 S Silverwood Ln, Goshen, IN 46526

$795,000

6,608 sqft

Multifamily property with private parking, tenant-provided appliances, and recent HVAC updates.

One-Story Apartment Buildings

One-Story Apartment Buildings

210/218 S Silverwood Lane, Goshen, IN 46526

$795,000

6,608 sqft 0.71 AC lot

Eight main-level apartments with central air, private parking, and in-unit appliances provided to tenants.

Two-Story Duplex on Corner Lot

Two-Story Duplex on Corner Lot

303 W Main Street, Syracuse, IN 46567

$225,000

1,800 sqft 0.18 AC lot

Occupied by long-term tenants near downtown shops, restaurants, and parks.

Tenant-Occupied Duplex

Tenant-Occupied Duplex

303 W Main St, Syracuse, IN 46567

$225,000

1,800 sqft

Four bedrooms and two-and-a-half bathrooms support an established residential rental setup in downtown Syracuse.

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.

209 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

209 Stonewall Ct, Nappanee, IN 46550-2745

Estimated value:

$240,000

3,348 sqft 0.19 AC lot

203 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

203 Stonewall Ct, Nappanee, IN 46550-2767

Estimated value:

$240,000

3,348 sqft 0.22 AC lot

451 Market St

APARTMENT HOUSE (UNDER 5 UNITS)

451 Market St, Nappanee, IN 46550-1900

Estimated value:

$250,000

2,047 sqft 0.11 AC lot

904 Lincoln St

APARTMENT HOUSE (UNDER 5 UNITS)

904 Lincoln St, Nappanee, IN 46550-2152

Estimated value:

$245,000

3,120 sqft 0.21 AC lot

1051 Van Buren St

APARTMENT HOUSE (UNDER 5 UNITS)

1051 Van Buren St, Nappanee, IN 46550-1514

Estimated value:

$225,000

2,030 sqft 3.72 AC lot

Cardinal St

MOBILE HOME PARK, TRAILER PARK

Cardinal St, Nappanee, IN 46550

Estimated value:

$300,000

20.28 AC lot

205 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

205 Stonewall Ct, Nappanee, IN 46550-2769

Estimated value:

$265,000

3,348 sqft 0.20 AC lot

207 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

207 Stonewall Ct, Nappanee, IN 46550-2771

Estimated value:

$250,000

3,348 sqft 0.19 AC lot

201 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

201 Stonewall Ct, Nappanee, IN 46550-2765

Estimated value:

$250,000

3,348 sqft 0.33 AC lot

208 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

208 Stonewall Ct, Nappanee, IN 46550-2772

Estimated value:

$250,000

3,348 sqft 0.20 AC lot

204 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

204 Stonewall Ct, Nappanee, IN 46550-2768

Estimated value:

$245,000

3,348 sqft 0.16 AC lot

218 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

218 Stonewall Ct, Nappanee, IN 46550-2776

Estimated value:

$245,000

3,348 sqft 0.21 AC lot

212 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

212 Stonewall Ct, Nappanee, IN 46550-2749

Estimated value:

$245,000

3,348 sqft 0.19 AC lot

206 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

206 Stonewall Ct, Nappanee, IN 46550-2770

Estimated value:

$240,000

3,348 sqft 0.20 AC lot

217 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

217 Stonewall Ct, Nappanee, IN 46550-2775

Estimated value:

$245,000

3,348 sqft 0.21 AC lot

202 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

202 Stonewall Ct, Nappanee, IN 46550-2766

Estimated value:

$240,000

3,348 sqft 0.38 AC lot

211 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

211 Stonewall Ct, Nappanee, IN 46550-2748

Estimated value:

$240,000

3,348 sqft 0.19 AC lot

210 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

210 Stonewall Ct, Nappanee, IN 46550-2747

Estimated value:

$240,000

3,348 sqft 0.18 AC lot

216 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

216 Stonewall Ct, Nappanee, IN 46550-2774

Estimated value:

$245,000

3,348 sqft 0.21 AC lot

215 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

215 Stonewall Ct, Nappanee, IN 46550-2773

Estimated value:

$245,000

3,348 sqft 0.21 AC lot

213 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

213 Stonewall Ct, Nappanee, IN 46550-2752

Estimated value:

$235,000

3,348 sqft 0.29 AC lot

214 Stonewall Ct

APARTMENT HOUSE (UNDER 5 UNITS)

214 Stonewall Ct, Nappanee, IN 46550-2759

Estimated value:

$240,000

3,348 sqft 0.23 AC lot

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 24,044 square feet of properties for sale, with an estimated market value of $2,500,000.

Sale prices for multifamily properties in Nappanee, IN average $1,250,000 — 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	$165K

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

Total CRE Inventory on Market (SF)

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