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    Elkhart, IN
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    Elkhart, IN Residential Income Properties for Sale

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    Downtown Elkhart Mixed-Use Building
    Updated: Feb 11
    Downtown Elkhart Mixed-Use Building

    130 S Main St, Elkhart, IN 46516

    $425,000
    3,780 sqft
    Prime downtown Elkhart location on a high‑visibility corner lot.
    Renovated mixed‑use building suitable for commercial and residential purposes.
    Flexible main level space adaptable to retail, office, studio, or professional use.
    Includes a well‑appointed 3‑bedroom apartment with updated finishes.
    Month‑to‑month leases provide flexibility for new owner (investor or owner‑occupant).
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    This listing looks promising.

    Here's a quick look at some key insights for

    130 S Main St, Elkhart, IN 46516

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    • Est. Cap Rate

      8.4%
      Above avg (5.9%)

    • Est. NOI

      $36K
      Annual

    • Mortgage

      $791K
      Jan 2026

    • Property Type

      Commercial Office (General)
      Built 1890
    View Property Analytics
    Mixed-Use Building with Retail and Apartments
    Updated: Jun 14
    Mixed-Use Building with Retail and Apartments

    209 S 2nd Street, Elkhart, IN 46516

    $399,900
    4,252 sqft · 0.17 AC lot
    Mixed‑use downtown Elkhart building with main‑level commercial storefront plus two upper‑level residential apartments
    Two residential units, each 1 bedroom and 1 bathroom, with 10‑foot ceilings, hardwood floors, granite counters, and large windows
    Main‑level commercial layout includes an open secretary room, 5 office rooms, plus 2 bathrooms, a kitchen, and a storage room
    Central air cooling and off‑street parking available
    Fireplace included; building was built in 1915
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    Updated 2-Unit Duplex
    Updated 2-Unit Duplex

    400 Jefferson Street, Elkhart, IN 46516

    $144,900
    2,500 sqft · 0.21 AC lot

    Two separate units with 2 and 3 bedrooms, updated interiors, and rear off-street parking for tenant convenience.

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    Twelve-Unit Multifamily Property
    Twelve-Unit Multifamily Property

    701 W Beardsley Avenue, Elkhart, IN 46514

    $499,000
    10,290 sqft · 0.32 AC lot

    12-unit multifamily with nine leased units, two vacant units, and an outbuilding on a 0.32-acre lot.

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    Turnkey Airbnb Income Property
    Turnkey Airbnb Income Property

    57507 Red Bud Lane, Elkhart, IN 46517

    $535,900
    1,054 sqft · 8.01 AC lot

    Newly built 3BR/2BA home on 8 acres, operating as an Airbnb and sold fully furnished for hands-off ownership.

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    Updated Duplex Income Property
    Updated Duplex Income Property

    23724/23726 Springriver Drive, Elkhart, IN 46516

    $324,900
    1,311 sqft · 0.46 AC lot

    Well maintained duplex with recent roof, water heater, and HVAC updates for long-term rental ownership.

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    Mixed-Use Building with Apartment
    Mixed-Use Building with Apartment

    1165 Edwardsburg Avenue, Elkhart, IN 46514

    $215,000
    0.25 AC lot

    Retail main level with office and storage, plus a 2-bedroom upper apartment with kitchen and living space.

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    Tenant-Occupied Residential Income Home
    Tenant-Occupied Residential Income Home

    1500 W Lexington Avenue, Elkhart, IN 46516

    $120,000
    866 sqft · 0.28 AC lot

    Single-family income property with an established tenant in place, offering space for an investor seeking steady occupancy.

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    Updated Duplex Income Property
    Updated Duplex Income Property

    23663/23665 Springriver Drive, Elkhart, IN 46516

    $324,900
    1,383 sqft · 0.46 AC lot

    Well maintained duplex offers a straightforward owner-occupied or investment rental setup with confirmed tenant-respect walkthrough procedures.

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    Mixed-Use Main Street Building
    Mixed-Use Main Street Building

    121 & 123 S Main Street, Elkhart, IN 46516

    $795,000
    0.18 AC lot

    Two storefront spaces with six apartments above, plus new 2024 roof, supporting office or retail use with income potential.

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    Updated Duplex with New Roof
    Updated Duplex with New Roof

    23692/23694 Springriver Drive, Elkhart, IN 46516

    $324,900
    1,435 sqft · 0.46 AC lot

    Well maintained updated duplex near Concord Schools, with a new roof and updated water heaters.

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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    415 N 2nd Street, Elkhart, IN 46516

    $179,900
    2,182 sqft · 0.16 AC lot

    Four-unit income property with multiple recent interior and systems upgrades, supported by existing monthly rent figures.

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    Twelve-Unit Apartment Building
    Twelve-Unit Apartment Building

    701 W Beardsley Avenue, Elkhart, IN 46514

    $499,000
    0.33 AC lot

    Twelve-unit multifamily asset with multiple vacancies and recent electrical improvements for future utility separation.

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    Multifamily Rental Property
    Multifamily Rental Property

    301 W Jackson Boulevard, Elkhart, IN 46516

    $130,000
    2,502 sqft · 0.08 AC lot

    Well-maintained rental property for sale, offering flexibility for continued use or reconfiguration for future operating plans.

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    Based on your search, we've compiled 72 Potential Opportunities for your consideration. Besides 14 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.

    Turnkey Duplex Income Property
    Turnkey Duplex Income Property

    122 Crescent Street, Goshen, IN 46528

    $185,000
    2,382 sqft · 0.50 AC lot

    Duplex with separate utility metering and a barn for additional rental income on a corner lot.

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    Land With Existing Home and Pole Barn
    Land With Existing Home and Pole Barn

    6005 N Fir Road, Granger, IN 46530

    $1,250,000
    5.00 AC lot

    Five-acre parcel on Fir Road with an existing home and pole barn, plus apartment adjacency and documented traffic counts.

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    Mixed-Use Property on Main Street
    Mixed-Use Property on Main Street

    118-116 North Main Street, Unit 116, Goshen, IN 46526

    $299,000
    6,970 sqft

    Historic mixed-use property with parking in Goshen, Indiana.

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    Zoned Residential Development Land
    Zoned Residential Development Land

    51405 Elm Road, Granger, IN 46530

    $1,245,000
    5.01 AC lot

    Residentially zoned land with existing house and barn, sold as-is, suited for development planning.

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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.

    Residential Land in Baugo Township
    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.

    View details
    Shovel-Ready Development Land
    Shovel-Ready Development Land

    Parkway Avenue lot: 8, Elkhart, IN 46516

    $3,175,000
    12.75 AC lot

    Platted development land with city water and sewer utilities ready for multifamily and mixed-use planning.

    View details
    Shovel-Ready Mixed-Use Development Land
    Shovel-Ready Mixed-Use Development Land

    Parkway Avenue lot: 10, Elkhart, IN 46516

    $570,700
    4.39 AC lot

    4.39-acre site with city water and sewer capacity, surveyed and platted, positioned for hotel or mixed-use development.

    View details
    Shovel-Ready Development Land Parcel
    Shovel-Ready Development Land Parcel

    Parkway Avenue lot: 11, Elkhart, IN 46516

    $929,600
    6.64 AC lot

    Shovel-ready mixed-use development land with city water and sewer services in the Pinecreek at 17 project.

    View details

    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.

    3075 Belvedere Rd
    CAMPGROUND, RV PARK

    3075 Belvedere Rd, Elkhart, IN 46514-5544

    Value Estimation by Request
    1,824 sqft · 5.17 AC lot
    View details
    208 State St
    APARTMENT HOUSE (UNDER 5 UNITS)

    208 State St, Elkhart, IN 46516-0012

    Value Estimation by Request
    8,204 sqft · 0.39 AC lot
    View details
    1624 Windsong Dr, Unit 27
    APARTMENT HOUSE (UNDER 5 UNITS)

    1624 Windsong Dr, Elkhart, IN 46514-4190

    Unit 27
    Value Estimation by Request
    4,512 sqft · 1.03 AC lot
    View details
    1626 Windsong Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    1626 Windsong Dr, Elkhart, IN 46514-4192

    Value Estimation by Request
    4,512 sqft · 0.31 AC lot
    View details
    100 Michigan St
    APARTMENT HOUSE (UNDER 5 UNITS)

    100 Michigan St, Elkhart, IN 46514-2567

    Value Estimation by Request
    5,970 sqft · 0.24 AC lot
    View details
    465 Simpson Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    465 Simpson Ave, Elkhart, IN 46516-4754

    Value Estimation by Request
    3,827 sqft · 0.27 AC lot
    View details
    465 Simpson Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    465 Simpson Ave, Elkhart, IN 46516-4754

    Value Estimation by Request
    4,070 sqft · 0.23 AC lot
    View details
    465 Simpson Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    465 Simpson Ave, Elkhart, IN 46516-4754

    Value Estimation by Request
    4,070 sqft · 0.32 AC lot
    View details
    214 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    214 Main St, Elkhart, IN 46516-3172

    Value Estimation by Request
    11,325 sqft · 0.09 AC lot
    View details
    30082 Tower Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    30082 Tower Rd, Elkhart, IN 46516-7006

    Value Estimation by Request
    2,400 sqft · 0.29 AC lot
    View details

    Elkhart, IN Residential Income Properties Market Trends and Statistics

    Explore 64 residential income properties for sale in Elkhart, IN, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 33,083 square feet of properties for sale, with an estimated market value of $3,548,300.

    Sale prices for residential income properties in Elkhart, IN start at $120,000, averaging $295,691, and reaching up to $535,900 — 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

    Multifamily properties 11
    Duplexes 5
    Apartment buildings 4
    Single family properties 2
    Short term rental properties 1

    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 $300.8K
    46514 $499K
    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

    Property Size Breakdown

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

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    Most Searched ZIP Codes in Elkhart, IN

    • 46516
    • 46514
    • 46517

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