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South Whitley, IN Residential Income Properties for Sale

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South Whitley Duplex Conversion Opportunity
Pending
$144,900
1,536 SF

South Whitley Duplex Conversion Opportunity

103 S Main St, South Whitley, IN 46787

Four-bedroom South Whitley home with duplex conversion potential.

  • House‑hacking opportunity: convert to a duplex with a potential 1‑bedroom upper unit and 2‑bedroom lower unit.
  • Enjoy remodeled kitchen and baths.
  • Spacious foyer with separate exterior access to the upstairs makes duplex conversion easier.
  • Utility room with exterior access, perfect for shared use between potential units.
  • Relax on the covered and screened porches. Benefit from a 2‑car carport and exterior storage.
Updated: Feb 16
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Restaurant and Home Combo
$225,000
0.11 Acres

Restaurant and Home Combo

101 N State St, South Whitley, IN 46787

Restaurant and residential property package in South Whitley, Indiana.

  • Rare opportunity: Own a fully equipped, established restaurant (Carol's Corner Drive‑In) and a separate 4‑bedroom home in one package.
  • Restaurant includes valuable equipment: Electrofreeze ice cream and slushie machines, Fry Master fryers, Vulcan‑Hart grill, and more.
  • The 2,591 sq ft residence features 4 bedrooms, 2 bathrooms, original hardwood floors, and main‑floor laundry.
  • Ample parking available for the restaurant, plus an attached 1‑car garage and a large detached garage for the residence.
  • Restaurant has a welcoming covered seating/play area and includes the iconic 1989 Volkswagen 'Burger Buggy'.
Updated: May 27, 2025
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Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 2 Active listings in South Whitley, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 8 Off-Market properties to explore as potential leads

Explore Opportunities in Nearby Cities

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

Commercial Property in Columbia City
$549,900
0.17 Acres

Commercial Property in Columbia City

Commercial property approved for restaurant with duplex and convenience store potential.

201 E Chicago St, Columbia City, IN 46725
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Mixed-Use Retail Space with Apartment
$189,000
0.04 Acres

Mixed-Use Retail Space with Apartment

Retail space with apartment in downtown Columbia City, Indiana.

207 W Van Buren St, Columbia City, IN 46725
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Springhill Road Development Land
$645,400
9.22 Acres

Springhill Road Development Land

9.22 Acres, High-Visibility Location

1849 Springhill Rd, Warsaw, IN 46580
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Warsaw Triplex with Long-Term Renters
$205,000
2,997 SF

Warsaw Triplex with Long-Term Renters

Triplex with long-term tenants, recent upgrades, and convenient location.

322 S Washington St, Warsaw, IN 46580
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Explore Off-Market Properties in South Whitley, IN

Consider similar Off-Market properties in South Whitley, 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.

702 State St

702 State St

MOBILE HOME PARK, TRAILER PARK • 10.26 Acres
Value Estimation by Request
702 State St, South Whitley, IN 46787-1418
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Flint St

Flint St

APARTMENT HOUSE (UNDER 5 UNITS) • 1,440 SF
Value Estimation
$765,000
Flint St, South Whitley, IN 46787
View details
6620 State Rd 14

6620 State Rd 14

MOBILE HOME PARK, TRAILER PARK • 56.33 Acres
Value Estimation by Request
6620 State Rd 14, South Whitley, IN 46787
View details
Walnut St

Walnut St

APARTMENT HOUSE (UNDER 5 UNITS) • 1,638 SF
Value Estimation
$860,000
Walnut St, South Whitley, IN 46787
View details
506 Flint St

506 Flint St

APARTMENT HOUSE (UNDER 5 UNITS) • 1,440 SF
Value Estimation
$765,000
506 Flint St, South Whitley, IN 46787-1425
View details
526 Market St

526 Market St

APARTMENT HOUSE (UNDER 5 UNITS) • 1,456 SF
Value Estimation
$785,000
526 Market St, South Whitley, IN 46787-1013
View details
7886 500th S

7886 500th S

MOBILE HOME PARK, TRAILER PARK • 35.81 Acres
Value Estimation by Request
7886 500th S, South Whitley, IN 46787-9623
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402 Calhoun St

402 Calhoun St

APARTMENT HOUSE (UNDER 5 UNITS) • 2,160 SF
Value Estimation
$1,095,000
402 Calhoun St, South Whitley, IN 46787-1301
View details

South Whitley, IN Residential Income Properties Investment Opportunities Market Analysis

Explore 10 residential income properties for sale in South Whitley, IN on our real estate platform. These investment opportunities span a total of 4,576,894 square feet of properties for sale, with an estimated market value of $2,319,900.

Sale prices for residential income properties in South Whitley, IN start at $144,900, averaging $231,990, and reaching up to $275,000 — 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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