507 Prospect Street, Elkhart, IN 46514

Local realty services provided by:Better Homes and Gardens Real Estate Connections
507 Prospect Street,Elkhart, IN 46514
$339,900
Virtual Tour
  • 6 Beds
  • 3 Baths
  • 3,636 sq. ft.
  • Single family
  • Active
Listed by: jennea schirrCell: 574-215-9291
Office: mckinnies realty, llc. elkhart
MLS#:202541262
Source:Indiana Regional MLS

Price summary

  • Price:$339,900
  • Price per sq. ft.:$69.51

About this home

This unique property features two separate residences on a single tax key: a charming single-story bungalow and a spacious two-story duplex. Each duplex unit offers two bedrooms and one full bath, total of three 2 bed 1 bath units, providing flexible living arrangements for an owner-occupant or an investor seeking strong rental returns. The main level of the duplex is occupied by a long-term tenant of over 20 years, offering immediate, stable rental income. Both the upper duplex unit and the bungalow have been recently updated, meaning minimal work is needed before moving in or renting out. Updates include new windows, flooring, HVAC systems, cabinetry, and refreshed baths. Live in the bungalow while the duplex helps pay your mortgage, or rent out all three units for excellent cash flow potential. A detached garage adds even more convenience and value. This rare and profitable property is in very good condition and truly a must-see—don’t miss your chance to own such a versatile

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Home facts

  • Year built:1880
  • Listing ID #:202541262
  • Added:89 day(s) ago
  • Updated:January 08, 2026 at 04:29 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:3,636 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1880
  • Building area:3,636 sq. ft.
  • Lot area:0.23 Acres

Schools

  • High school:Elkhart
  • Middle school:North Side
  • Elementary school:Beardsley

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$339,900
  • Price per sq. ft.:$69.51
  • Tax amount:$1,072
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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