1433 W Franklin Street, Elkhart, IN 46516

Elkhart
Local realty services provided by:Better Homes and Gardens Real Estate Connections
1433 W Franklin Street,Elkhart, IN 46516
$250,000
Virtual Tour
  • 4 Beds
  • 5 Baths
  • 2,904 sq. ft.
  • Multi-family
  • Active
Listed by: heidi gaskillOffice: 574-293-1010
Office: berkshire hathaway homeservices elkhart
MLS#:202606198
Source:Indiana Regional MLS

Price summary

  • Price:$250,000
  • Price per sq. ft.:$64.57

About this home

Turnkey investment opportunity with built-in cash flow! This well-maintained fourplex offers three occupied units with reliable long-term tenants already in place who would like to stay, minimizing vacancy risk and providing immediate income stability. 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, providing a move-in-ready space. A strong addition to any investment portfolio with immediate returns and excellent long-term potential.

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Home facts

  • Year built:1910
  • Listing ID #:202606198
  • Added:1 day(s) ago
  • Updated:February 27, 2026 at 02:54 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:5
  • Full bathrooms:4
  • Flooring:Vinyl
  • Basement Description:Unfinished
  • Living area:2,904 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1910
  • Building area:2,904 sq. ft.
  • Lot area:0.18 Acres
  • Lot Features:Level
  • Architectural Style:One and Half Story
  • Construction Materials:Vinyl
  • Levels:1 1/2 Stories

Schools

  • High school:Elkhart
  • Middle school:West Side
  • Elementary school:Mary Daly

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$250,000
  • Price per sq. ft.:$64.57
  • Tax amount:$2,400

Features and amenities

  • Amenities:Detector-Carbon Monoxide, Detector-Smoke
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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