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

Local realty services provided by:ERA First Advantage Realty, Inc.
328 N State Street #1-5,Kendallville, IN 46755
$400,000
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:$400,000
  • Price per sq. ft.:$61.75

About this home

Investment Opportunity – Cash-Flowing 5-Plex in Kendallville! This purpose-built 5-unit property offers over 4,000 sq. ft. and has strong cash flow potential with room to raise rents. Having all units rented, this 5 plex brings in $4,200/month. Each unit is separately metered with split utilities, individual water heaters, and two units even have their own gas meters. Recent updates include a newer metal roof, vinyl siding, and updated water heaters. Tenants enjoy ample off-street parking and a convenient location close to schools, shopping, and downtown Kendallville. This is a rare chance to own a true multi-family income property with tenants already in place. Whether you’re looking to expand your portfolio or step into investment real estate with a strong performer, this 5-plex is the one to see!

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Home facts

  • Year built:1870
  • Listing ID #:202540110
  • Added:1 day(s) ago
  • Updated:October 04, 2025 at 01:49 PM

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:$400,000
  • Price per sq. ft.:$61.75
  • 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 2025 Indiana Regional MLS LLC.

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