Browse All Elkhart County IN Multi-Family Properties for Sale

3 Beds ⋅ 2 Baths ⋅ 202630747 MLS ⋅ 1,214 SqFt. ⋅ Cory White

Duplex. Front is 2 bedroom, 1 bath. Back is 1 bedroom, 1 bath. Split electric meters. Bonus 2nd parcel/side lot included. Sold as-is, where-is. Cash buyers with proof of funds only.

323 E Simonton Street, Elkhart

Listing courtesy of Cory White from Realty Group Resources. Office: 574-264-2000

$285,000

2 Beds ⋅ 4 Baths ⋅ 202630691 MLS ⋅ 3,842 SqFt. ⋅ Gregory Hire

Investment Opportunity – Mixed-Use B-2 Zoned Property in Goshen Opportunity awaits with this mixed-use commercial property offering multiple income possibilities. Zoned B-2, the building features approximately three separate spaces consisting of a main-level office and two upper-level one-bedroom apartments, each with its own private entrance. The main floor office includes a welcoming reception/work area, a fireplace, two half baths, and central air conditioning. The upper level consists of two one-bedroom, one-bath apartments, each with a full bath featuring a shower. The apartments are currently without kitchen appliances, allowing a new owner to customize as desired. The building is heated by a hot water boiler system located in the basement. The office space is air conditioned, while the upstairs apartments do not currently have air conditioning; window units could be installed if desired. The property has not been leased or occupied for the past several years, providing a blank slate for renovation, updates, and future occupancy. Whether you're looking for office space with residential units above or an investment property with value-add potential, this B-2 zoned building offers flexibility and opportunity in a convenient Goshen location.

120 N 5th Street, Goshen

Listing courtesy of Gregory Hire from Hallmark Excellence Realty. Cell: 574-238-7157

$99,900

2 Beds ⋅ 2 Baths ⋅ 202630583 MLS ⋅ 2,956 SqFt. ⋅ Andrew Myers

2 Unit Vacant, Needs work. Sold "as is, where is". Expenses are not $0 Buyer to verify all information and expenses and be comfortable.

1417 Prairie Street, Elkhart

Listing courtesy of Andrew Myers from Myers Trust Real Estate. Office: 574-875-5149

$174,900

6 Beds ⋅ 4 Baths ⋅ 202630570 MLS ⋅ 5,178 SqFt. ⋅ Andrew Myers

4 Unit with 1 unit currently rented. 2 of the vacant units appear to be ready to rent with the other looking to need some minor repairs to rent out. 4 separate gas and electric meters, metal roof, vinyl siding. Property sold "as is, where is". Expenses are not $0 Buyer's shall verify all expenses to their own satisfaction.

1413 Prairie Street, Elkhart

Listing courtesy of Andrew Myers from Myers Trust Real Estate. Office: 574-875-5149

$425,000

4 Beds ⋅ 5 Baths ⋅ 202629722 MLS ⋅ 4,112 SqFt. ⋅ Jami Stamm

Imagine owning a charming home just steps from the heart of one of Northern Indiana's most beloved tourist destinations. Located on historic Main Street in the quaint town of Middlebury, this property offers the ideal setting for a short-term rental, boutique Airbnb, or weekend getaway. The home sits on the Pumpkinvine Nature Trail and is just minutes away from Shipshewana's famous flea market and auctions, the Essenhaus Inn & Restaurant, Amish countryside tours, and endless opportunities for shopping, dining, and outdoor recreation. Whether visitors are coming for a girls' weekend, cycling adventure, Amish country experience, or Notre Dame football weekend, this location places them in the center of it all. Picture cozy gathering spaces, 4 thoughtfully designed bedrooms, and charming outdoor areas where guests can unwind after a day of exploring. With Middlebury's year-round tourism and limited boutique lodging options, this property presents an exciting opportunity to generate income while owning a piece of one of Indiana's most picturesque small towns. Whether you're looking to expand your investment portfolio or create a destination property with lasting appeal, this property offers location, charm, and exceptional Airbnb potential in one of the Midwest's hidden gems. All with a bonus apartment that could be rented!

435 S Main Street, Middlebury

Listing courtesy of Jami Stamm from Coldwell Banker Real Estate Group. Cell: 574-596-4868

$209,900

4 Beds ⋅ 3 Baths ⋅ 202627998 MLS ⋅ 2,129 SqFt. ⋅ Terrie Forrest

Looking for an affordable 3 unit? Stop right here! This close to town rental was renovated before these 3 tenants moved in (see pics). A new furnace was also installed this year. This would be a great way to start or add to your portfolio.

616 N Michigan Street, Elkhart

Listing courtesy of Terrie Forrest from McKinnies Realty, LLC Elkhart. Cell: 574-320-7777

$795,000

16 Beds ⋅ 8 Baths ⋅ 202627704 MLS ⋅ 6,608 SqFt. ⋅ Steve Miller

Rare investment opportunity — well-maintained apartment community consisting of two buildings with four main level apartments each, plus ample private parking. Metal roofs installed approximately 7 years ago and HVAC systems updated 4 years ago. All appliances, including washer and dryer, included and provided to tenants. Rents are currently below market, offering strong upside potential for an investor looking to adjust to market rates.

210/218 S Silverwood Lane, Goshen

Listing courtesy of Steve Miller from RE/MAX Results. Office: 574-533-9581

$169,900

4 Beds ⋅ 3 Baths ⋅ 202627620 MLS ⋅ 2,950 SqFt. ⋅ Cory White

Set up as a duplex. 3 bed, 1.5 bath with finished basement on one side. 1 bedroom, 1 bath apartment or in law suite on the other side. 2 car detached garage and 1 car attached garage. No working HVAC and minimal electric. Great location and beautiful grounds. Great potential for sweat equity. Sold as-is, where-is to cash buyers with proof of funds only.

412 W Beardsley Avenue, Elkhart

Listing courtesy of Cory White from Realty Group Resources. Office: 574-264-2000

$147,000

5 Beds ⋅ 2 Baths ⋅ 202627261 MLS ⋅ 2,262 SqFt. ⋅ Valerie Swihart

Great investment property. Live in one and rent the other or rent both out. Upstairs unit currently vacant. Nice income producing property.

1722 10th Street, Elkhart

Listing courtesy of Valerie Swihart from Pyramid Realty LLC. 574-334-8989

$144,900

5 Beds ⋅ 2 Baths ⋅ 202624886 MLS ⋅ 3,842 SqFt. ⋅ Jennifer Kerrn

Are you looking for an investment property to boost your monthly income? 400 Jefferson Street in Elkhart may be just what you need! This 2-Unit home features a 2 bedroom, 1 bath main floor dwelling, and on the second story, a 3 bedroom, 1 bath dwelling. Both units have plenty of storage space too. Off street parking is available in the rear of the building as well. Updates to the property include a newer roof, updated bathrooms, newer windows and siding, newer furnaces, and even a newer water heater. Check out this great investment before it's gone!

400 Jefferson Street, Elkhart

Listing courtesy of Jennifer Kerrn from Keller Williams Realty Group. teamkerrn1@gmail.com

$79,900

3 Beds ⋅ 2 Baths ⋅ 202624630 MLS ⋅ 2,301 SqFt. ⋅ Stephen DiJulius

Riverfront duplex with immediate income and serious upside. Set along the St. Joseph River, this property offers a rare blend of cash flow, flexibility, and location-driven appeal. One 1-bedroom, 1-bathroom unit is currently occupied, giving the next owner income from day one, while the vacant 2-bedroom, 1-bathroom unit creates an opportunity to place a new tenant, owner-occupy, or make strategic updates to maximize rent potential. The property could use some work, but the setting is the star of the show. Riverfront multifamily properties do not come along often, especially with one unit already producing income and another ready for value-add improvements. Whether you are expanding your rental portfolio or looking for a live-in investment, this is a compelling opportunity with a location that does the heavy lifting.

311 Hillside Court, Elkhart

Listing courtesy of Stephen DiJulius from St. Joseph Realty Group. Cell: 574-250-0893

$399,900

2 Beds ⋅ 4 Baths ⋅ 202623318 MLS ⋅ 6,189 SqFt. ⋅ Nick Foy

Exceptional mixed-use investment opportunity in the heart of downtown Elkhart. This well-positioned building features a spacious main-level commercial storefront with excellent visibility and flexibility for retail, office, service, or creative business use, along with two upper-level residential apartments that provide additional income potential. Each second-floor apartment offers 1 bedroom and 1 bathroom and showcases the character tenants love, including soaring 10-foot ceilings, beautiful hardwood floors, granite counters, large windows, and abundant natural light. The residential units blend historic charm with functional living spaces in a walkable downtown setting. The main-level commercial space features an open secretary room and 5 office rooms with carpeted flooring, making it ready for a variety of business uses. The office includes two bathrooms, a kitchen, and storage room as well. Located just steps from downtown restaurants, shops, entertainment, and local employers, this property benefits from strong visibility and convenient access for both customers and tenants. Whether you're an investor seeking multiple income streams, an owner-occupant looking to operate a business while generating rental income, or a developer looking to add value, this versatile property offers significant upside in one of Elkhart's growing downtown corridors.

209 S 2nd Street, Elkhart

Listing courtesy of Nick Foy from RE/MAX Oak Crest - Elkhart. Cell: 574-538-8801

$220,000

5 Beds ⋅ 3 Baths ⋅ 202621856 MLS ⋅ 4,128 SqFt. ⋅ Karla Ramirez

Excellent Investment Opportunity! 3-unit property with a strong potential for investors. Currently occupied by three tenants, 2 have Month-to-Month, 1 w/One-year Lease & they pay all utilities: water, gas & electric. Updates include roof 1.5 years, furnace 3 months, 2nd fl furnace 4 years & each unit has washer & dryer hookups. One unit owns the washer/dryer. Please allow 48 hours notice for all showings.

207 W Garfield Avenue, Elkhart

Listing courtesy of Karla Ramirez from Cressy & Everett- Goshen. Cell: 574-407-3365

$324,900

4 Beds ⋅ 4 Baths ⋅ 202621601 MLS ⋅ 2,185 SqFt. ⋅ Andrew Myers

Well maintained and updated duplex in Concord Schools. Good opportunity for a long term investment. New Roof, updated water heaters, newer HVAC. Walkthroughs to be once an offer is accepted. Do not disturb tenants. Expenses are not zero they are unknown, Buyer is responsible to verify.

23724/23726 Springriver Drive, Elkhart

Listing courtesy of Andrew Myers from Myers Trust Real Estate. Office: 574-875-5149

$324,900

4 Beds ⋅ 4 Baths ⋅ 202621582 MLS ⋅ 2,305 SqFt. ⋅ Andrew Myers

Well maintained and updated duplex in Concord Schools. Good opportunity for a long term investment. Walkthroughs to be once an offer is accepted. Do not disturb tenants. Expenses are not zero they are unknown, Buyer is responsible to verify.

23663/23665 Springriver Drive, Elkhart

Listing courtesy of Andrew Myers from Myers Trust Real Estate. Office: 574-875-5149

$185,000

5 Beds ⋅ 2 Baths ⋅ 202621378 MLS ⋅ 2,572 SqFt. ⋅ James Bausch

**Seller is offering $15,000 in escrow updates*** Here is your own turnkey investment opportunity with long-term tenants already in place! This duplex has enjoyed consistent occupancy with no vacancies in the past four years, providing immediate cash flow from day one. Both units are separately metered for gas and electric, with tenants being responsible for all utilities. Recent improvements include a newer high-efficiency boiler heating system. The property also features a barn that generates additional rental income of $150 per month. Situated on a spacious corner lot in Goshen, this income-producing property offers stable returns, low turnover, and room to grow your investment portfolio.

122 Crescent Street, Goshen

Listing courtesy of James Bausch from RE/MAX Results. Cell: 574-742-4531

$309,000

5 Beds ⋅ 2 Baths ⋅ 202620768 MLS ⋅ 4,300 SqFt. ⋅ Adam Pendl

Solid investment opportunity with this brick duplex featuring strong rental income and classic character throughout! The lower unit offers approximately 3 bedrooms, hardwood floors, a spacious entryway, and boiler heat. Rented for $1,200/month with owner-paid utilities. The upper unit features hardwood floors, updated windows, newer bathroom, new kitchen (With quartz countertops, tile backsplash, stainless steel appliances, & pantry space), in-unit washer and dryer, and a functional 2-bedroom layout with separate living room. Rented for $1,600/month with plans to increase to $1,800/month. Property includes a large covered front porch, carport, basement with additional washer/dryer hookups, and potential to finish the attic for added value. Boiler replaced in 2021 and roof updated around 2023. Attic has extensive insulation. Average utility costs run approximately $300-$500/month. Great opportunity for owner-occupants to house hack or investors looking to add a solid property to their portfolio!

323 S 6th Street, Goshen

Listing courtesy of Adam Pendl from eXp Realty, LLC. Cell: 574-532-2522

$118,500

2 Beds ⋅ 1 Baths ⋅ 202620063 MLS ⋅ 1,490 SqFt. ⋅ Michelle Bordeau

Tenant-occupied investment opportunity in Elkhart! This single-family home offers immediate rental income with an established tenant already in place. Property features spacious living areas, functional layout, and convenient location near shopping, schools, and major roadways. Great opportunity for investors looking to expand their portfolio or add a cash-flowing property. Please allow notice for showings due to tenant occupancy.

1500 W Lexington Avenue, Elkhart

Listing courtesy of Michelle Bordeau from SUNRISE Realty. Cell: 574-339-8199

$155,000

5 Beds ⋅ 2 Baths ⋅ 202617654 MLS ⋅ 2,660 SqFt. ⋅ Ashley Lambright

This duplex in Wa-Nee School District is ready for a new owner. Upstairs unit is ready for a renter or to be owner occupied. Roof was replaced in 2024.

456 E Walnut Street, Nappanee

Listing courtesy of Ashley Lambright from Berkshire Hathaway HomeServices Elkhart. Office: 574-293-1010

$850,000

6 Beds ⋅ 3 Baths ⋅ 202607421 MLS ⋅ 3,358 SqFt. ⋅ Steve Miller

Completely renovated duplex situated on 10.8 acres at a highly visible corner location. This unique property offers excellent income potential along with abundant land for future possibilities. The duplex has been fully updated and is move-in ready, making it ideal for investors or those looking to offset expenses with rental income. The expansive acreage provides incredible flexibility with room for additional development or a variety of potential uses.

65940 Us 33, Goshen

Listing courtesy of Steve Miller from RE/MAX Results. Office: 574-533-9581

$535,900

3 Beds ⋅ 2 Baths ⋅ 202606184 MLS ⋅ 1,054 SqFt. ⋅ Ashley Lambright

Welcome to Tree House Acres, a rare 8-acre income-producing retreat built in 2025 and already delivering impressive results. Just 25 minutes from the University of Notre Dame, this three-bedroom, two-bath property is operating as a successful Airbnb. New construction paired with immediate performance is hard to find. Guests are drawn to the peaceful wooded setting, modern finishes, and private acreage — creating strong demand right out of the gate. House is sold fully furnaced. With June 2026 income and expenses, Cap Rate will now be 10%. Turnkey. Proven. Expandable.

57507 Red Bud Lane, Elkhart

Listing courtesy of Ashley Lambright from Berkshire Hathaway HomeServices Elkhart. Office: 574-293-1010

$225,000

4 Beds ⋅ 3 Baths ⋅ 202603080 MLS ⋅ 3,628 SqFt. ⋅ Denver Anthony

Great income producer! Triplex in Elkhart on a corner lot featuring 3 large units, 3 attached garages, a brick woodburning fireplace on the main level a common laundry area on the main level and new furnaces. Close to downtown, shopping and restaurants.

517 W Lexington Avenue, Elkhart

Listing courtesy of Denver Anthony from Cressy & Everett- Elkhart. Cell: 574-215-2101

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IDX information is provided by the Indiana Regional MLS and is exclusively for the 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. Data is deemed reliable but is not guaranteed accurate by the MLS.

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Elkhart County Multi-Family Real Estate

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