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    Elkhart, IN
    Triplex

    Elkhart, IN Triplexes for Sale

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    Renovated Triplex
    Updated: Jul 13
    Renovated Triplex

    616 N Michigan Street, Elkhart, IN 46514

    $191,900
    1,502 sqft 0.20 AC lot
    Three‑unit property with three current tenants
    1,502 square feet on a 0.2‑acre lot
    Four bedrooms, three bathrooms, and a basement
    Renovated before the current tenants moved in
    New furnace installed this year
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    Renovated Triplex with New Furnace
    Updated: Jul 15
    Renovated Triplex with New Furnace

    616 N Michigan Street, Elkhart, IN 46514

    $191,900
    1,502 sqft
    Three‑unit triplex configuration
    1,502 square feet of property size
    Renovated before the three tenants moved in
    New furnace installed this year
    Built in 1902
    View details
    See hot listings in Elkhart

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Elkhart, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Three-Unit Triplex with Available Unit
    Three-Unit Triplex with Available Unit

    502 N Arthur St, South Bend, IN 46617

    $365,000
    2,209 sqft

    Tenants pay their own electric, supporting a straightforward utility arrangement across the property.

    View details
    Triplex with Rear Storage Garage
    Triplex with Rear Storage Garage

    3306 3308 Mishawaka Ave, South Bend, IN 46615

    $249,900
    2,064 sqft

    All three units are leased, with a two-bedroom layout alongside two one-bedroom residences.

    View details
    Triplex with Private Garage
    Triplex with Private Garage

    505 E Chicago Road, White Pigeon, MI 49099

    $270,000
    0.28 AC lot

    Three-unit property with separate entrances, appliances, outdoor parking, and a private garage.

    View details
    Triplex with Separate Entrances
    Triplex with Separate Entrances

    505 East Chicago Road, White Pigeon, MI 49099

    $270,000
    320 sqft

    Residential income property with three units, individual entrances, a garage, and on-site parking near everyday amenities.

    View details

    Elkhart, IN Triplexes Market Trends and Statistics

    Explore 2 triplexes for sale in Elkhart, IN on our real estate platform. These investment opportunities span a total of 3,004 square feet of properties for sale, with an estimated market value of $383,800.

    Sale prices for three-family homes in Elkhart, IN average $191,900 — 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

    Duplexes 7
    Quadplexes 3
    Apartment buildings 2
    Triplexes 2

    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 $191.9K

    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

    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.

    How Realmo verifies these figures

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    • 46514

    Featured Elkhart Real Estate Agencies

    Realmo connects you with licensed Elkhart CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Myers Trust Real Estate
    23929 US Hwy 33 Elkhart, IN 46517
    Phone: 15748755149
    www.myerstrust.com
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