Elkhart, IN Residential Income Properties for Sale

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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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Updated: Aug 31

Two-Story Quadplex

1101 Fulton Street, Elkhart, IN 46514

$289,900

2,352 sqft 0.11 AC lot

Four‑unit quadplex with two‑story configuration
2352 square feet on a 0.111‑acre lot
Unit C has 1 bedroom; Unit D has 2 bedrooms
Units A and C are currently rented
Owner pays all utilities and maintenance

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Duplex with Two-Stall Garage

820 Kilbourn Street, Elkhart, IN 46514

$224,999

1,596 sqft 0.20 AC lot

Both residences are vacant, and the ground-floor unit has a washer and dryer.

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See hot listings in Elkhart

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in

Est. NOI available after sign in

Local Demand available after sign in

Four-Unit Multifamily Property

1101 Fulton St, Elkhart, IN 46514

$289,900

2,352 sqft

Includes economy units alongside one-bedroom and two-bedroom layouts, with two units occupied and two currently vacant.

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Renovated Triplex

616 N Michigan Street, Elkhart, IN 46514

$191,900

1,502 sqft 0.20 AC lot

Three-unit rental property with a basement, laminate flooring, and off-street parking.

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Duplex with Updated Windows

169 N 6th Street, Elkhart, IN 46516

$155,000

1,514 sqft 0.12 AC lot

Two distinct residences offer rental, guest, or owner-occupied flexibility near downtown Elkhart.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics

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 Updated Windows

169 N 6th St, Elkhart, IN 46516

$155,000

1,514 sqft

Two distinct residences offer flexible occupancy options near downtown, shopping, dining, and daily amenities.

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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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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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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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Mixed-Use Building with Storefronts

121 & 123 S Main St, Elkhart, IN 46516

$795,000

24,972 sqft

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

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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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Duplex with Two-Stall Garage

820 Kilbourn Street, Elkhart, IN 46514

$224,999

1,596 sqft

Both residences are vacant, and the ground-floor unit has a washer and dryer.

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Renovated Triplex with New Furnace

616 N Michigan Street, Elkhart, IN 46514

$191,900

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 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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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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Multifamily Property with Renovation Work

550 Lincolnway, Mishawaka, IN 46544

$215,900

3,116 sqft

Built in 1892, the property is offered for sale in Mishawaka, Indiana, in its current condition.

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Two-Unit Duplex with Rear Deck

209 E 6th Street, Mishawaka, IN 46544

$189,900

1,548 sqft

Separate upstairs and main-level apartments each provide two bedrooms and a full bathroom.

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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.

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 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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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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Elkhart Residential Land Opportunity

VL Mather Avenue lot: 15, Elkhart, IN 46517

Contact for pricing

0.13 AC lot

In-city lot with city utilities, ready for new construction.

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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

Estimated value:

$375,000

1,824 sqft 5.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

208 State St, Elkhart, IN 46516-0012

Estimated value:

$245,000

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

Estimated value:

$270,000

4,512 sqft 1.03 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1626 Windsong Dr, Elkhart, IN 46514-4192

Estimated value:

$250,000

4,512 sqft 0.31 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

100 Michigan St, Elkhart, IN 46514-2567

Estimated value:

$250,000

5,970 sqft 0.24 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

465 Simpson Ave, Elkhart, IN 46516-4754

Estimated value:

$245,000

3,827 sqft 0.27 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

465 Simpson Ave, Elkhart, IN 46516-4754

Estimated value:

$255,000

4,070 sqft 0.23 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

465 Simpson Ave, Elkhart, IN 46516-4754

Estimated value:

$250,000

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 52,016 square feet of properties for sale, with an estimated market value of $4,558,098.

Sale prices for residential income properties in Elkhart, IN start at $89,900, averaging $284,881, 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	$214.8K
46516	$339.4K

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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Elkhart, IN Residential Income Properties for Sale

209 S 2nd Street, Elkhart, IN 46516

1101 Fulton Street, Elkhart, IN 46514

820 Kilbourn Street, Elkhart, IN 46514

1101 Fulton St, Elkhart, IN 46514

616 N Michigan Street, Elkhart, IN 46514

169 N 6th Street, Elkhart, IN 46516

1500 W Lexington Avenue, Elkhart, IN 46516

169 N 6th St, Elkhart, IN 46516

121 & 123 S Main Street, Elkhart, IN 46516

1007 S Main St, Elkhart, IN 46516

1413 Prairie St, Elkhart, IN 46516

121 & 123 S Main St, Elkhart, IN 46516

23724 /23726 Springriver Dr, Elkhart, IN 46516

820 Kilbourn Street, Elkhart, IN 46514

616 N Michigan Street, Elkhart, IN 46514

323 E Simonton St, 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

209 E 6th Street, Mishawaka, IN 46544

Potential Development Sites for Consideration

Parkway Avenue lot: 10, Elkhart, IN 46516

Parkway Avenue lot: 8, Elkhart, IN 46516

Parkway Avenue lot: 11, Elkhart, IN 46516

VL Mather Avenue lot: 15, 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

Listings Trend

Total CRE Inventory on Market (SF)

Property Size Breakdown

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