Elkhart, IN Residential Income Properties for Sale

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Updated: Jun 14

Duplex with Downtown Commercial Storefront

209 S 2nd Street, Elkhart, IN 46516

$399,900

4,252 sqft 0.17 AC lot

0.17‑acre lot and 4,252 SF duplex‑style mixed‑use building
Main‑level commercial storefront with open secretary room and five office rooms
Two upper 1‑bedroom, 1‑bath apartments with 10‑foot ceilings
Wood floors, granite counters, and large windows in the residential units
Central air cooling plus off‑street parking

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This listing looks promising.

Here's a quick look at some key insights for

209 S 2nd Street, Elkhart, IN 46516

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Est. Cap Rate

8.8%
Above avg (5.9%)
Est. NOI

$35K
Annual
Price @ 7% Cap

$505K
Above asking
Last Sold

Jul 2017
$32K
Property Type

Commercial (General)
Built 1915

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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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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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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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Tenant-Occupied Residential Income Home

1500 W Lexington Avenue, Elkhart, IN 46516

$114,900

866 sqft 0.28 AC lot

Single-family income property with an established tenant in place, offering immediate rental occupancy.

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Duplex With Off-Street Parking

400 Jefferson Street, Elkhart, IN 46516

$144,900

2,500 sqft 0.21 AC lot

Two-unit duplex offering a 2-bedroom, 1-bath main home and a 3-bedroom, 1-bath second-story home with off-street rear parking.

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Apartment Building with Storefront Units

121 & 123 S Main Street, Elkhart, IN 46516

$795,000

0.18 AC lot

Mixed-use building with apartments above two Main St storefront spaces plus lofts, balcony, and a new 2024 roof.

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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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4-Unit Quadplex with Metal Roof

1413 Prairie Street, Elkhart, IN 46516

$174,900

3,448 sqft 0.18 AC lot

One of the four units is currently rented, with three other units appearing ready or close to being rent-ready.

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Updated Duplex

23724/23726 Springriver Drive, Elkhart, IN 46516

$324,900

1,311 sqft 0.46 AC lot

Well-maintained duplex with central air, off-street parking, and garage parking, in Concord Schools.

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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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Updated Duplex with Central Air

23663/23665 Springriver Drive, Elkhart, IN 46516

$324,900

1,383 sqft 0.46 AC lot

Updated duplex in Concord Schools with central air, mixed flooring, and garage plus off-street parking.

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Mixed-Use Property with Storefront

1007 S Main Street, Elkhart, IN 46516

$140,000

0.14 AC lot

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

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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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B1 Zoned Live-Work Property

2319 S Main Street, Elkhart, IN 46517

$159,900

0.29 AC lot

B1-zoned live-work property on a double lot with move-in-ready updates and current rental use.

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Two-Unit Property with Side Lot

323 E Simonton Street, Elkhart, IN 46514

$89,900

1,088 sqft 0.18 AC lot

Duplex with separate electric meters and an additional parcel included.

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Based on your search, we've compiled 74 Potential Opportunities for your consideration. Besides 16 Active listings in Elkhart, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 50 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-Story Mixed-Use Building

120 N 5Th Street, Goshen, IN 46528

$275,000

3,216 sqft 0.12 AC lot

B-2 zoning supports a main-level office with two residential units above.

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Mixed-Use Building With Apartments

120 N 5th St, Goshen, IN 46528

$275,000

3,216 sqft

B-2-zoned property combines a main-level office with two private-entry residential units above.

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Quadplex With Renovations Started, As-Is

550 Lincolnway, Mishawaka, IN 46544

$215,900

3,116 sqft 0.17 AC lot

Quadplex sold as-is with renovations started and interior layout including seven bedrooms and four bathrooms.

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Mixed-Use Property in Downtown Mishawaka

608 N Main Street, Mishawaka, IN 46545

$1,350,000

Investment opportunity near Mishawaka Riverwalk with retail and apartments.

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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.

Commercial Land with Bypass Frontage

Parkway Avenue lot: 8, Elkhart, IN 46516

$3,175,000

12.75 AC lot

Surveyed commercial land with roads, city water, and city sewer already in place.

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Shovel-Ready Commercial Land

Parkway Avenue lot: 10, Elkhart, IN 46516

$570,700

4.39 AC lot

Surveyed commercial land with roads, utilities, city water, and city sewer already in place.

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Commercial Land with US 20 Bypass Frontage

Parkway Avenue lot: 11, Elkhart, IN 46516

$929,600

6.64 AC lot

Shovel-ready commercial land with city water and city sewer, positioned for development off the US 20 Bypass.

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Residential Land in Baugo Township

County Road 1, Elkhart, IN 46517

$166,500

3.30 AC lot

3.3-acre residential parcel in Elkhart, Indiana, for custom home.

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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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APARTMENT HOUSE (UNDER 5 UNITS)

465 Simpson Ave, Elkhart, IN 46516-4754

$250,000

Estimated value

4,070 sqft 0.32 AC lot

View details

Elkhart, IN Residential Income Properties Market Trends and Statistics

Explore 66 residential income properties for sale in Elkhart, IN, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 24,109 square feet of properties for sale, with an estimated market value of $4,422,700.

Sale prices for residential income properties in Elkhart, IN start at $89,900, averaging $276,418, 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
46516	$275.4K
46514	$276.3K
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%

Property Size Breakdown

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

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Elkhart, IN Residential Income Properties for Sale

209 S 2nd Street, Elkhart, IN 46516

412 W Beardsley Avenue, Elkhart, IN 46514

616 N Michigan Street, Elkhart, IN 46514

1413 Prairie St, Elkhart, IN 46516

1500 W Lexington Avenue, Elkhart, IN 46516

400 Jefferson Street, Elkhart, IN 46516

121 & 123 S Main Street, Elkhart, IN 46516

23724-23726 Springriver Drive, Elkhart, IN 46516

1413 Prairie Street, Elkhart, IN 46516

23724/23726 Springriver Drive, Elkhart, IN 46516

323 E Simonton St, Elkhart, IN 46514

23663/23665 Springriver Drive, Elkhart, IN 46516

1007 S Main Street, Elkhart, IN 46516

121 & 123 S Main Street, Elkhart, IN 46516

2319 S Main Street, Elkhart, IN 46517

323 E Simonton Street, Elkhart, IN 46514

Opportunities in Nearby Cities

120 N 5Th Street, Goshen, IN 46528

120 N 5th St, Goshen, IN 46528

550 Lincolnway, Mishawaka, IN 46544

608 N Main Street, Mishawaka, IN 46545

Potential Development Sites for Consideration

Parkway Avenue lot: 8, Elkhart, IN 46516

Parkway Avenue lot: 10, Elkhart, IN 46516

Parkway Avenue lot: 11, Elkhart, IN 46516

County Road 1, Elkhart, IN 46517

Off-Market Properties in Elkhart, IN

3075 Belvedere Rd, Elkhart, IN 46514-5544

208 State St, Elkhart, IN 46516-0012

1624 Windsong Dr, Elkhart, IN 46514-4190

1626 Windsong Dr, Elkhart, IN 46514-4192

100 Michigan St, Elkhart, IN 46514-2567

465 Simpson Ave, Elkhart, IN 46516-4754

465 Simpson Ave, Elkhart, IN 46516-4754

465 Simpson Ave, Elkhart, IN 46516-4754

Elkhart, IN Residential Income Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Property Size Breakdown

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