$250,000

1433 W Franklin Street, Elkhart, IN 46516

  • 4 beds |
  • 5 baths |
  • 3,872 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $65/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Turnkey investment opportunity with built-in cash flow! This 100% occupied fourplex delivers immediate income with reliable long-term tenants already in place who would like to stay, minimizing vacancy risk from day one. Unit A includes valuable basement access with newer mechanicals and offers additional storage and added tenant convenience. Unit B, located on the upper level, has been refreshed with newer flooring, windows, and paint. Unit C features an attached garage, a highly desirable amenity that increases rental value. Studio Apartment D has been recently painted and is currently leased, adding to the property’s stable income stream. A strong addition to any investment portfolio with immediate returns and excellent long-term potential.

Listing Status:
Pending
Date Added:
February 27, 2026
Data Last Updated:
April 5, 2026 at 3:58AM
Listing Office:
Berkshire Hathaway HomeServices Elkhart : 574-293-1010
Listing Agent:
Heidi Gaskill : 574-596-7478
MLS ID:
202606198
  • Basement: Unfinished
  • Flooring: Vinyl
  • A/C: None
  • Heating: Forced AirGas
  • General: Vinyl
  • Style: One and Half Story
  • Other Structures: None
  • Parking: Off StreetParking spaces: 8
  • School District: Elkhart Community Schools
  • Zoning: KRAUS EX 8FT S SIDE LOT 3420-06-07-276-007.000-012

This listing courtesy of Heidi Gaskill , Berkshire Hathaway HomeServices Elkhart

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Mary Daly Elementary School

1735 Strong Ave, Elkhart, IN, 46514

Grades KG-6

0.87 miles away

W

West Side Middle School

101 S Nappanee St, Elkhart, IN, 46514

Grades 7-8

1.05 miles away

E

Elkhart Alternative Education

1013 Tipton St, Elkhart, IN, 46516

Grades 1-12

1.56 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.