1433 W Franklin Street, Elkhart, IN 46516

Elkhart
Local realty services provided by:ERA First Advantage Realty, Inc.
1433 W Franklin Street,Elkhart, IN 46516
$250,000
Virtual Tour
  • 4 Beds
  • 5 Baths
  • 2,904 sq. ft.
  • Multi-family
  • Active
Listed by: heidi gaskillOffice: 574-293-1010
Office: berkshire hathaway homeservices elkhart
MLS#:202606198
Source:Indiana Regional MLS

Price summary

  • Price:$250,000
  • Price per sq. ft.:$64.57

About this home

Turnkey investment opportunity with built-in cash flow! This 100% occupied fourplex delivers immediate income with reliable long-term tenants already in place who would like to stay, minimizing vacancy risk from day one. Unit A includes valuable basement access with newer mechanicals and offers additional storage and added tenant convenience. Unit B, located on the upper level, has been refreshed with newer flooring, windows, and paint. Unit C features an attached garage, a highly desirable amenity that increases rental value. Studio Apartment D has been recently painted and is currently leased, adding to the property’s stable income stream. A strong addition to any investment portfolio with immediate returns and excellent long-term potential.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1910
  • Listing ID #:202606198
  • Added:28 day(s) ago
  • Updated:March 27, 2026 at 02:59 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:5
  • Full bathrooms:4
  • Flooring:Vinyl
  • Basement Description:Unfinished
  • Living area:2,904 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1910
  • Building area:2,904 sq. ft.
  • Lot area:0.18 Acres
  • Lot Features:Level
  • Architectural Style:One and Half Story
  • Construction Materials:Vinyl
  • Levels:1 1/2 Stories

Schools

  • High school:Elkhart
  • Middle school:West Side
  • Elementary school:Mary Daly

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$250,000
  • Price per sq. ft.:$64.57
  • Tax amount:$2,400

Features and amenities

  • Amenities:Detector-Carbon Monoxide, Detector-Smoke

Parking

  • Parking description:Off Street Parking
  • Garage spaces:1
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

New listings near 1433 W Franklin Street