$1,249,000

53238 Arrowhead Dr Bristol, IN 46507

Estimated payment $6,817/month

Total Views 36
3 Beds
2 Baths
2,462 Sq Ft
$507 Price per Sq Ft

Highlights

  • Hot Property
  • Tile Flooring
  • The river is a source of water for the property
  • 160 Feet of Waterfront
  • Forced Air Heating and Cooling System
  • 1-Story Property

About This Home

Discover a rare investment opportunity with this turnkey, established Airbnb portfolio in Bristol, featuring 503 N Division St and 53238 Arrowhead Dr—two fully operational short-term rentals being sold together. These properties generated an impressive $196,133 in gross income in 2025 with a strong NOI of $134,736, offering immediate cash flow and a proven performance record. 53238 Arrowhead Dr offers a peaceful retreat setting—ideal for travelers seeking privacy and relaxation. With modern decor, spacious living areas, and outdoor amenities, it complements the Division Street property perfectly, helping maximize occupancy across varied guest preferences. 503 N Division St combines classic charm with updated comfort. Guests love its inviting layout, well-appointed furnishings, and walkable location near local shops, dining, and community attractions. Thoughtfully maintained, it consistently earns high reviews and repeat bookings. Both listings come fully furnished and operational at closing, allowing a seamless transition for the new owner. Whether you’re expanding your STR portfolio or stepping into investment hosting for the first time, this paired offering delivers a rare combination of performance, stability, and turn-key ease in an area with strong demand.

Listing Agent

Joshua Schirr

McKinnies Realty, LLC Elkhart Brokerage Phone: 574-606-7771 Listed on: 01/14/2026

McKinnies Realty, LLC Elkhart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,434

Year Built

  • Built in 1951

Lot Details

  • 0.73 Acre Lot
  • Lot Dimensions are 160x198
  • 160 Feet of Waterfront
  • River Front

Parking

  • 4 Parking Spaces

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • 1 Bathroom in Basement

Schools

  • Bristol Elementary School
  • Pierre Moran Middle School
  • Elkhart High School

Utilities

  • Forced Air Heating and Cooling System
  • The river is a source of water for the property
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 20-03-28-232-008.000-030

Community Details

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Electric Expense $2,036
  • Fuel Expense $1,800
  • Insurance Expense $2,212
  • Maintenance Expense $500
  • Trash Expense $1,169

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,434

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Waterfront: Yes
  • Year Built: 1951
  • Style: One Story
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: ARROWHEAD ACRES 1ST SD LOT 5 & 10FT ADJ ON N SIDE
  • Parcel Number ID: 20-03-28-232-008.000-030
  • Platted: Yes
  • Amenities: Basement
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2488
  • Total Finished Sq Ft: 2462
  • Above Grade Finished Sq Ft: 1436
  • Below Grade Finished Sq Ft: 1026
  • Below Grade Sq Ft: 26
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-Out Basement
  • Flooring: Carpet, Tile
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 1052
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 1
  • Number Ttl Rooms Below Grade: 3

Exterior Features

  • Exterior: Vinyl
  • Water Frontage: 160
  • Water Name: Saint Joseph River
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Conventional, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Water Type: River
  • Annual Electric: 2036
  • Annual Fuel Expense: 1800
  • Annual Insurance Expense: 2212
  • Annual Maintenance Expense: 500
  • Annual Trash Expense: 1169
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Bristol

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 160X198
  • Estimated Lot Sq Ft: 31668
  • Estimated Lot Size Acres: 0.73
  • Lot Number: 510

Rental Info

  • Lease Term: Week to Week
  • Owner Pays: Building Insurance, Cooling, Heating, Maintenance, Tax, Trash Collection

Multi Family

  • Water Access: Riverfront
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Number Of Washers: 1

Tax Info

  • Annual Property Tax: 3434

MLS Schools

  • High School: Elkhart
  • Middle School: Pierre Moran
  • School District: Elkhart Community Schools

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
2025 $3,434 $204,600 -- $204,600
2024 $2,365 $241,700 $52,000 $189,700
2022 $2,365 $207,700 $52,000 $155,700
2021 $1,424 $194,000 $52,000 $142,000
2020 $1,492 $185,500 $52,000 $133,500
2019 $1,225 $157,400 $52,000 $105,400
2018 $2,592 $148,500 $52,000 $96,500
2017 $2,616 $144,500 $52,000 $92,500
2016 $2,511 $140,700 $52,000 $88,700
2014 $1,002 $132,700 $52,000 $80,700
2013 $1,063 $132,700 $52,000 $80,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/14/2026 01/14/26 For Sale $1,249,000 +371.3% $507 / Sq Ft
08/05/2021 08/05/21 Sold $265,000 -3.6% $109 / Sq Ft View Prior Sale
07/10/2021 07/10/21 Pending -- -- --
07/07/2021 07/07/21 For Sale $274,900 0.0% $113 / Sq Ft
07/04/2021 07/04/21 Pending -- -- --
07/03/2021 07/03/21 For Sale $274,900 +18.2% $113 / Sq Ft
06/21/2019 06/21/19 Sold $232,500 -3.1% $95 / Sq Ft View Prior Sale
04/20/2019 04/20/19 Pending -- -- --
02/25/2019 02/25/19 Price Changed $239,900 -4.0% $98 / Sq Ft
02/15/2019 02/15/19 Price Changed $249,900 -3.8% $103 / Sq Ft
01/12/2019 01/12/19 For Sale $259,900 -- $107 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $265,000 Mtc
Warranty Deed $247,380 None Listed On Document
Deed $135,400 --
Sheriffs Deed -- None Available
Warranty Deed -- Meridian Title Corp
Quit Claim Deed -- Meridian Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $186,000 New Conventional
Previous Owner $121,600 New Conventional
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202601409

Indiana Regional MLS

APN: 20-03-28-232-008.000-030