701 W Beardsley Avenue, Elkhart, IN 46514

Elkhart
Local realty services provided by:Better Homes and Gardens Real Estate Connections
701 W Beardsley Avenue,Elkhart, IN 46514
$499,000
Virtual Tour
  • 16 Beds
  • 12 Baths
  • 10,290 sq. ft.
  • Multi-family
  • Active
Listed by: steve millerOffice: 574-533-9581
Office: re/max results
MLS#:202613609
Source:Indiana Regional MLS

Price summary

  • Price:$499,000
  • Price per sq. ft.:$32.07

About this home

*Multiple Offer Deadline - 4/23/26 10pm, Response 4/24/26*Investor opportunity! This 12-unit multi-family property offers strong in-place income with significant upside potential. With a pro forma gross annual income exceeding $80,000, this property is well-positioned for growth. The building includes 9 leased units, 1 owner-occupied unit, and 2 vacant units in need of improvements for occupancy—providing immediate value-add potential. Recent electrical improvements allow for future separation of utilities, offering a path to reduced expenses and increased NOI. Additional features include a pole barn, a durable rubber roof, and a boiler approximately 8–10 years old. Ideal for a buy-and-improve investor focused on building equity and maximizing returns.

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Home facts

  • Year built:1900
  • Listing ID #:202613609
  • Added:7 day(s) ago
  • Updated:April 24, 2026 at 02:54 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:12
  • Full bathrooms:12
  • Flooring:Carpet, Vinyl
  • Basement Description:Full Basement, Outside Entrance
  • Living area:10,290 sq. ft.

Heating and cooling

  • Cooling:Window
  • Heating:Forced Air, Gas, Multiple Heating Systems

Structure and exterior

  • Year built:1900
  • Building area:10,290 sq. ft.
  • Lot area:0.32 Acres
  • Architectural Style:Two Story
  • Construction Materials:Brick
  • Levels:2 Stories

Schools

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

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$499,000
  • Price per sq. ft.:$32.07
  • Tax amount:$2,940
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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