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322 W Mitchell St, Kendallville
$199,900
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 $20,111 in NET annual gross rental income after expenses, 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
111 W Hazel St, Albion
$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
2104 Cortez Dr, Kendallville
$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.

IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by IRMLS as amended from time to time.


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