NOT LISTED FOR SALE

505 Dewey Ave Goshen, IN 46526

West Goshen Neighborhood

Estimated Value: $154,000 - $184,000

4 Beds
2 Baths
1,844 Sq Ft
$92/Sq Ft Est. Value

Last Sold May 06, 2025

Last sale price $150,000 $81 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,109/month

15 Days on Market

Highlights

  • Traditional Architecture
  • Ceramic Tile Flooring
  • Level Lot
  • Covered Patio or Porch
  • Forced Air Heating System
  • 4-minute walk to Bakersfield Park

About This Home

As of May 2025

Prime Duplex Investment in West Goshen! This well-maintained two-story duplex offers excellent cash flow and a prime location near shopping, dining, and entertainment. Convenient access to US-33 and SR-119 makes commuting easy. Both units feature recent updates and are currently leased with several months remaining, providing immediate rental income. Don’t miss this fantastic investment opportunity!

Last Agent to Sell the Property

Nicolas Wyse

RE/MAX Results Brokerage Phone: 574-584-4009 Listed on: 03/21/2025

RE/MAX Results

Last Buyer's Agent

Abel Garcia

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,699

Year Built

  • Built in 1900

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 51 x 208
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Kitchen

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Gravel Driveway

Schools

  • West Goshen Elementary School
  • Goshen Middle School
  • Goshen High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric, fuel, sewer, trash collection, water
  • The owner pays for lawn maintenance, tax
  • Assessor Parcel Number 20-11-08-478-012.000-015
  • Seller Concessions Offered

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $978
  • Maintenance Expense $1,095
  • Water Sewer Expense $938

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,699

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: SE SE EX .19A SEC 8 .34A
  • Parcel Number ID: 20-11-08-478-012.000-015
  • Platted: Yes
  • Amenities: Porch Covered
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Special Features: None

Interior Features

  • Total Sq Ft: 2868
  • Total Finished Sq Ft: 1844
  • Above Grade Finished Sq Ft: 1844
  • Below Grade Sq Ft: 1024
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Main Level Sq Ft: 1024
  • Total Below Grade Sq Ft: 1024
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Wood
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Gravel

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 978
  • Annual Maintenance Expense: 1095
  • Annual Water Sewer Expense: 938
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: West Goshen

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 51 x 208
  • Estimated Lot Sq Ft: 13634
  • Estimated Lot Size Acres: 0.31

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Tax
  • Tenant Pays: Electric, Fuel, Sewer, Trash Collection, Water

Tax Info

  • Annual Property Tax: 2699

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2

MLS Schools

  • High School: Goshen
  • Middle School: Goshen
  • School District: Goshen Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2025
Closed on
May 6, 2025
Sold by
Dlr Realty Llc
Bought by
Hernandez Juan A Padilla
Seller's Agent
Nicolas Wyse
RE/MAX Results
Buyer's Agent
Abel Garcia
RE/MAX Results
List Price
$159,900
Sold Price
$150,000
Premium/Discount to List
-$9,900
-6.19%
Views
71
Current Estimated Value
$168,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,960
Avg. Annual Appreciation
22.35%
Original Mortgage
$135,000
Outstanding Balance
$134,278
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$34,682

Purchase Details

Listed on
Mar 3, 2020
Closed on
Apr 13, 2020
Sold by
Six Mile Lake Investments Llc
Bought by
Dlr Realty Llc
Seller's Agent
Craig Culver
Berkshire Hathaway HomeServices Elkhart
Buyer's Agent
Craig Culver
Berkshire Hathaway HomeServices Elkhart
List Price
$110,900
Sold Price
$125,000
Premium/Discount to List
$14,100
12.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.66%

Purchase Details

Listed on
Jul 10, 2014
Closed on
Jan 16, 2015
Sold by
Stahley Michael D and Stahley Rachel S
Bought by
Six Mile Lake Investments Llc
Seller's Agent
Craig Culver
Berkshire Hathaway HomeServices Elkhart
Buyer's Agent
Craig Culver
Berkshire Hathaway HomeServices Elkhart
List Price
$69,900
Sold Price
$55,000
Premium/Discount to List
-$14,900
-21.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.96%

Purchase Details

Closed on
Jan 15, 2009
Sold by
Slabach Mervin and Slabach Carol
Bought by
Stahley Michael D and Stahley Rachel
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hernandez Juan A Padilla -- Fidelity National Title Compan
Dlr Realty Llc -- Near North Title Group
Six Mile Lake Investments Llc -- Ppr Title Agency
Stahley Michael D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Juan A Padilla $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/06/2025 05/06/25 Sold $150,000 -6.2% $81 / Sq Ft
04/05/2025 04/05/25 Pending -- -- --
03/21/2025 03/21/25 For Sale $159,900 +27.9% $87 / Sq Ft
04/10/2020 04/10/20 Sold $125,000 +12.7% $68 / Sq Ft View Prior Sale
03/06/2020 03/06/20 Pending -- -- --
03/03/2020 03/03/20 For Sale $110,900 +101.6% $60 / Sq Ft
01/16/2015 01/16/15 Sold $55,000 -21.3% $30 / Sq Ft View Prior Sale
12/14/2014 12/14/14 Pending -- -- --
07/10/2014 07/10/14 For Sale $69,900 -- $38 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,646 $210,200 $20,400 $189,800
2022 $2,646 $105,700 $0 $105,700
2021 $2,205 $91,900 $0 $91,900
2020 $2,480 $91,900 $0 $91,900
2019 $2,242 $90,300 $14,900 $75,400
2018 $2,125 $91,800 $14,900 $76,900
2017 $1,226 $59,600 $14,900 $44,700
2016 $1,264 $59,600 $14,900 $44,700
2014 $1,162 $56,400 $14,900 $41,500
2013 $1,128 $56,400 $14,900 $41,500
Source: Public Records

Agents Affiliated with this Home

  • Nicolas Wyse

    Seller's Agent in 2025

    Nicolas Wyse

    RE/MAX

    (800) 589-7641

    2 in this area

    208 Total Sales

    Nicolas Wyse
    Section Image
  • Abel Garcia

    Buyer's Agent in 2025

    Abel Garcia

    RE/MAX

    (260) 580-4761

    4 in this area

    181 Total Sales

    Abel Garcia
    Section Image
  • Craig Culver

    Seller's Agent in 2020

    Craig Culver

    Berkshire Hathaway HomeServices Elkhart

    (574) 651-5341

    86 Total Sales

    Craig Culver
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202509318

Indiana Regional MLS

APN: 20-11-08-478-012.000-015

Indiana Elkhart County Goshen 46526 West Goshen

505 Dewey Ave, Goshen, IN

Not Listed for Sale

MultiFamily

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