328 N State Street #1-5, Kendallville, IN 46755

Local realty services provided by:ERA Crossroads
328 N State Street #1-5,Kendallville, IN 46755
$370,000
Virtual Tour
  • 12 Beds
  • 5 Baths
  • 4,078 sq. ft.
  • Multi-family
  • Active
Listed by: nicole schnurr
Office: open door rentals and real estate
MLS#:202540110
Source:Indiana Regional MLS

Price summary

  • Price:$370,000
  • Price per sq. ft.:$57.12

About this home

Investment Opportunity! Cash-Flowing 5-Plex in Kendallville! This purpose-built, five-unit property offers over 4,000 sq. ft. With all units currently rented, the building brings in $4,095 per month. Each unit is separately metered with split utilities. Most major components have been updated within the last 5–12 years, including the roof, siding, windows, doors, concrete walkways, water heaters, HVAC systems, and a new sewer line from building to the main with an exterior cleanout. All units have been fully renovated, and the property offers off-street parking behind the building. This is a rare opportunity to own a true multi-family income property with tenants already in place. Whether you’re expanding your portfolio or stepping into investment real estate with a strong performer, this 5-plex is a must-see!

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:1870
  • Listing ID #:202540110
  • Added:93 day(s) ago
  • Updated:January 05, 2026 at 11:47 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:5
  • Full bathrooms:5
  • Living area:4,078 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Baseboard, Forced Air

Structure and exterior

  • Year built:1870
  • Building area:4,078 sq. ft.
  • Lot area:0.25 Acres

Schools

  • High school:East Noble
  • Middle school:East Noble
  • Elementary school:North Side

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$370,000
  • Price per sq. ft.:$57.12
  • Tax amount:$4,980
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 328 N State Street #1-5