Browse All Noble County IN Multi-Family Properties for Sale

4 Beds ⋅ 2 Baths ⋅ 202638905 MLS ⋅ 1,882 SqFt. ⋅ Richard Rutledge

Investor opportunity in the heart of Kendallville! This fully leased duplex delivers strong, immediate cash flow with $20,065 in annual gross rental income and a desirable 10% cap rate. Both units are secured with leases extending through October 1, 2027, providing an established income stream for the next owner. Unit #1 tenants pay their own electric and gas, while the owner pays water and trash; the owner currently covers all utilities for Unit 2 that is fully furnished and leased for $1400/mo. Situated on a desirable corner lot, the property offers plenty of off-street parking plus additional street parking. Located just blocks from downtown Kendallville, tenants enjoy convenient access to local shopping, restaurants, and downtown amenities. With both units occupied, long-term leases in place, and a strong 10% cap rate, this property offers an attractive addition to any investment portfolio. 48 hour tenant notice is required for all showings. All of the furniture in unit #2 is provided by the owner, and it does convey with the property.

322 W Mitchell St, Kendallville

Listing courtesy of Richard Rutledge from Trueblood Real Estate, LLC.. Cell: 260-267-8220

$539,000

3 Beds ⋅ 2 Baths ⋅ 202635230 MLS ⋅ 7,504 SqFt. ⋅ Vincent Crump

Exceptional opportunity in the heart of downtown Albion! 111 W Hazel Street offers a unique combination of investment potential, commercial space, historic character, flexibility and residential income potential near the Noble County Courthouse and downtown businesses. The property features approximately 3,500 sq. ft. of commercial space currently configured with approximately 10 perimeter offices while maintaining a large central area. Retain the existing layout for professional, service or multi-office use, or explore opening the space for retail, showroom, studio, event, training or other concepts. Existing restrooms can remain in place, and structural character above the drop ceiling may offer additional design possibilities. A standout feature is the beautifully renovated upper-level apartment, creating the opportunity to combine business and residential uses under one roof. Utilize it for owner occupancy, employee/manager housing or potential rental income. Located within Albion's Courthouse Square area, this property offers the character and setting of an established historic downtown. Historical research indicates development along W Hazel Street dating into the 1800s, with available mapping suggesting the present building configuration developed during the early 20th century. The property also has historical ties to the Albion Eagles/Fraternal Order of Eagles Aerie #2455. Whether you're an owner-user, investor, entrepreneur or developer, this property offers multiple paths forward. Use the existing offices, create a more open concept, combine commercial and residential income, or bring your own adaptive-reuse vision. A rare opportunity to acquire substantial downtown square footage, a renovated apartment, established infrastructure and historic character in one versatile property.

111 W Hazel St, Albion

Listing courtesy of Vincent Crump from Hosler Realty Inc. Off: 260-347-1158

$155,000

3 Beds ⋅ 3 Baths ⋅ 202632287 MLS ⋅ 1,928 SqFt. ⋅ Tiffany Mote

This charming Kendallville duplex is full of character, space, and possibilities! Situated in a convenient location near downtown, this R-2 zoned property offers two separate living spaces, making it a great option for an investor or someone looking to live in one unit while creating income potential with the other. The lower level is currently owner-occupied, while the upper unit has not been rented in several years and is ready for someone to make it their own. With a full basement, spacious layout, and plenty of opportunity to update and add value, this property has so much potential. Whether you're looking to expand your investment portfolio or take on a property you can truly make your own, this one is worth a look. Property is being sold AS-IS. Professional photos coming soon!

316 N State St, Kendallville

Listing courtesy of Tiffany Mote from F.C. Tucker Fort Wayne.

$224,900

2 Beds ⋅ 2 Baths ⋅ 202630823 MLS ⋅ 1,320 SqFt. ⋅ Hayden Weber

Start Showing Date: 8/14/2026 Fully renovated duplex offering an excellent investment or owner-occupant opportunity! Currently owner occupied, this duplex has the income potential for $900-$1000 per unit per month. Each unit features 1 bedroom, 1 full bathroom, its own private 1-car garage, and numerous recent updates throughout. Improvements include new flooring, fresh paint, remodeled bathrooms, updated light fixtures, new trim, new thermostats, and new baseboard heaters. The exterior has also been completely refreshed with a new roof, new siding, and new gutters, making this a truly move-in ready property with low maintenance for years to come. Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this well-maintained duplex is one you won't want to miss.

2104 Cortez Dr, Kendallville

Listing courtesy of Hayden Weber from Weichert Realtors - Hoosier Heartland.

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Noble County Multi-Family Real Estate

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