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    Nappanee, IN
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    Nappanee, IN Residential Income Properties for Sale

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    Wakarusa, IN Bremen, IN Goshen, IN New Paris, IN Leesburg, IN Bourbon, IN Warsaw, IN Elkhart, IN
    Duplex in Wa-Nee School District
    Updated: May 11
    Duplex in Wa-Nee School District

    456 E Walnut Street, Nappanee, IN 46550

    $155,000
    1,916 sqft 0.20 AC lot
    Wa‑Nee School District duplex with an upstairs unit ready for renter occupancy or owner‑occupancy
    Roof replaced in 2024
    Five bedrooms and two bathrooms plus a basement
    Vinyl flooring
    Built in 1910
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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
    View Property Analytics
    Based on your search, we've compiled 33 Potential Opportunities for your consideration. Besides 1 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
    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 central air and washer/dryer provided to tenants, plus private parking.

    View details
    Duplex on Corner Lot
    Duplex on Corner Lot

    303 W Main Street, Syracuse, IN 46567

    $225,000
    1,800 sqft 0.18 AC lot

    Duplex on a corner lot with long-term tenants, offering four bedrooms and central air cooling.

    View details
    Duplex with Shared Laundry Access
    Duplex with Shared Laundry Access

    311 South 7th Street, Goshen, IN 46528

    $179,900
    2,263 sqft

    Duplex for sale with two units, separate electric panels, and shared laundry plus a basement area.

    View details
    Downtown Mixed-Use Corner Building
    Downtown Mixed-Use Corner Building

    101 W Main Street, Syracuse, IN 46567

    $259,900
    0.06 AC lot

    Mixed-use building on a downtown corner with street-level commercial space and a 3-bedroom, 2-bath penthouse apartment.

    View details

    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.

    229 Acres of Goshen Land
    229 Acres of Goshen Land

    60867 State Road 15, Goshen, IN 46528

    $10,305,000
    229.00 AC lot

    229 acres of land in Goshen, Indiana, zoned M1.

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    Elkhart Residential Land Opportunity
    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.

    View details
    Horse Farm Acreage with Pond
    Horse Farm Acreage with Pond

    1825 & 1875 W Winona Avenue, Warsaw, IN 46580

    $3,000,000
    48.52 AC lot

    Horse farm within city limits with a pond, two homes, and outbuildings plus off-street parking.

    View details
    Horse Farm Property with Pond
    Horse Farm Property with Pond

    1825 & 1875 W Winona Avenue, Warsaw, IN 46580

    $3,000,000
    3,097 sqft 48.52 AC lot

    Horse farm within city limits featuring a pond, two homes, and multiple outbuildings including a pole building and sheds.

    View details

    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

    $240,000
    Estimated value
    3,348 sqft 0.19 AC lot
    View details
    203 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    203 Stonewall Ct, Nappanee, IN 46550-2767

    $240,000
    Estimated value
    3,348 sqft 0.22 AC lot
    View details
    451 Market St
    APARTMENT HOUSE (UNDER 5 UNITS)

    451 Market St, Nappanee, IN 46550-1900

    $250,000
    Estimated value
    2,047 sqft 0.11 AC lot
    View details
    904 Lincoln St
    APARTMENT HOUSE (UNDER 5 UNITS)

    904 Lincoln St, Nappanee, IN 46550-2152

    $245,000
    Estimated value
    3,120 sqft 0.21 AC lot
    View details
    1051 Van Buren St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1051 Van Buren St, Nappanee, IN 46550-1514

    $225,000
    Estimated value
    2,030 sqft 3.72 AC lot
    View details
    Cardinal St
    MOBILE HOME PARK, TRAILER PARK

    Cardinal St, Nappanee, IN 46550

    $300,000
    Estimated value
    20.28 AC lot
    View details
    205 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    205 Stonewall Ct, Nappanee, IN 46550-2769

    $265,000
    Estimated value
    3,348 sqft 0.20 AC lot
    View details
    207 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    207 Stonewall Ct, Nappanee, IN 46550-2771

    $250,000
    Estimated value
    3,348 sqft 0.19 AC lot
    View details
    201 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    201 Stonewall Ct, Nappanee, IN 46550-2765

    $250,000
    Estimated value
    3,348 sqft 0.33 AC lot
    View details
    208 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    208 Stonewall Ct, Nappanee, IN 46550-2772

    $250,000
    Estimated value
    3,348 sqft 0.20 AC lot
    View details
    204 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    204 Stonewall Ct, Nappanee, IN 46550-2768

    $245,000
    Estimated value
    3,348 sqft 0.16 AC lot
    View details
    218 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    218 Stonewall Ct, Nappanee, IN 46550-2776

    $245,000
    Estimated value
    3,348 sqft 0.21 AC lot
    View details
    212 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    212 Stonewall Ct, Nappanee, IN 46550-2749

    $245,000
    Estimated value
    3,348 sqft 0.19 AC lot
    View details
    206 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    206 Stonewall Ct, Nappanee, IN 46550-2770

    $240,000
    Estimated value
    3,348 sqft 0.20 AC lot
    View details
    217 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    217 Stonewall Ct, Nappanee, IN 46550-2775

    $245,000
    Estimated value
    3,348 sqft 0.21 AC lot
    View details
    202 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    202 Stonewall Ct, Nappanee, IN 46550-2766

    $240,000
    Estimated value
    3,348 sqft 0.38 AC lot
    View details
    211 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    211 Stonewall Ct, Nappanee, IN 46550-2748

    $240,000
    Estimated value
    3,348 sqft 0.19 AC lot
    View details
    210 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    210 Stonewall Ct, Nappanee, IN 46550-2747

    $240,000
    Estimated value
    3,348 sqft 0.18 AC lot
    View details
    216 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    216 Stonewall Ct, Nappanee, IN 46550-2774

    $245,000
    Estimated value
    3,348 sqft 0.21 AC lot
    View details
    215 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    215 Stonewall Ct, Nappanee, IN 46550-2773

    $245,000
    Estimated value
    3,348 sqft 0.21 AC lot
    View details
    213 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    213 Stonewall Ct, Nappanee, IN 46550-2752

    $235,000
    Estimated value
    3,348 sqft 0.29 AC lot
    View details
    214 Stonewall Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    214 Stonewall Ct, Nappanee, IN 46550-2759

    $240,000
    Estimated value
    3,348 sqft 0.23 AC lot
    View details
    154 Oakland Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    154 Oakland Ave, Nappanee, IN 46550-2334

    $240,000
    Estimated value
    2,544 sqft 0.16 AC lot
    View details

    Nappanee, IN Residential Income Properties Market Trends and Statistics

    Explore 25 residential income 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 residential income 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

    Duplexes 1
    Multifamily properties 1

    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 $155K

    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%

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