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

Kendallville
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
  • Pending
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 $4,070 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!

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Home facts

  • Year built:1870
  • Listing ID #:202540110
  • Added:174 day(s) ago
  • Updated:January 14, 2026 at 12:45 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:5
  • Full bathrooms:5
  • Flooring:Vinyl
  • Basement Description:Partial Basement
  • Living area:4,078 sq. ft.

Heating and cooling

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

Structure and exterior

  • Year built:1870
  • Building area:4,078 sq. ft.
  • Lot area:0.25 Acres
  • Lot Features:Level
  • Architectural Style:Two Story
  • Construction Materials:Vinyl
  • Levels:2 Stories

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

Features and amenities

  • Amenities:Ceiling Fan

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.

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