$184,900
$15K PRICE DROP

Estimated payment $1,160/month

Total Views 4,012
6 Beds
4 Baths
2,192 Sq Ft
$84 Price per Sq Ft

About This Home

Investor alert! Great opportunity to acquire a performing 4-plex at a great price! Popular location just steps from Riley High School and local fields and parks. New construction homes being built all around. 3 out of 4 units currently occupied. Currently bringing in over $2,000/mo with a potential for even more. Newer roof and vinyl siding on the exterior. Don't miss your opportunity on this one!

Listing Agent

Drew Overmyer

At Home Realty Group Brokerage Phone: 574-968-0100 Listed on: 06/29/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,923

Year Built

  • Built in 1875

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x120

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Unfinished Basement

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Schools

  • Lincoln Elementary School
  • Marshall Middle School
  • Riley High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for fuel, lawn maintenance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 71-08-13-451-012.000-026

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $144
  • Fuel Expense $351
  • Insurance Expense $1,500
  • Maintenance Expense $1,385
  • Water Sewer Expense $1,735

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,923

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1875
  • Age: 150
  • Style: Two Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: Lot 120 Henry Studebakers 2nd Add
  • Parcel Number ID: 71-08-13-451-012.000-026
  • Platted: Yes
  • Amenities: Basement
  • Monthly Gross Income: 2750
  • Year Taxes Payable: 25/26
  • Special Features: None

Interior Features

  • Total Sq Ft: 3288
  • Total Finished Sq Ft: 2192
  • Above Grade Finished Sq Ft: 2192
  • Below Grade Sq Ft: 1096
  • Price Per Sq Ft: 84.35
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 1096
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 144.18
  • Annual Fuel Expense: 350.91
  • Annual Insurance Expense: 1500
  • Annual Maintenance Expense: 1385
  • Annual Water Sewer Expense: 1735.15
  • Number Electric Meters: 5
  • Number Gas Meters: 1
  • Number Water Meters: 1

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Lincoln
  • Middle School: Marshall
  • High School: Riley
  • Elementary School: Lincoln

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 40X120
  • Estimated Lot Sq Ft: 4792
  • Estimated Lot Size Acres: 0.11

Rental Info

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

Multi Family

  • Gross Monthly Rent: 2750
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1923.06

MLS Schools

  • High School: Riley
  • Middle School: Marshall
  • School District: South Bend Community School Corp.

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $2,027 $76,100 $1,900 $74,200
2023 $1,910 $79,600 $1,900 $77,700
2022 $1,910 $79,600 $1,900 $77,700
2021 $1,802 $73,300 $2,200 $71,100
2020 $1,144 $45,900 $2,200 $43,700
2019 $959 $45,800 $2,100 $43,700
2018 $1,137 $45,800 $2,100 $43,700
2017 $1,169 $45,200 $2,100 $43,100
2016 $1,194 $45,200 $2,100 $43,100
2014 $1,171 $74,400 $2,100 $72,300
2013 $1,949 $74,400 $2,100 $72,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 Price Changed $184,900 -5.1% $84 / Sq Ft
07/28/2025 07/28/25 Price Changed $194,900 -2.5% $89 / Sq Ft
07/21/2025 07/21/25 For Sale $199,900 0.0% $91 / Sq Ft
07/16/2025 07/16/25 Pending -- -- --
06/29/2025 06/29/25 For Sale $199,900 +67.3% $91 / Sq Ft
02/10/2022 02/10/22 Sold $119,500 -14.3% $56 / Sq Ft
09/02/2021 09/02/21 Pending -- -- --
08/14/2021 08/14/21 Price Changed $139,500 -0.3% $65 / Sq Ft
08/14/2021 08/14/21 For Sale $139,900 0.0% $65 / Sq Ft
08/06/2021 08/06/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $139,900 -- $65 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $125,000 Fidelity National Title
Deed $125,000 Fidelity National Title
Quit Claim Deed -- None Listed On Document
Warranty Deed -- None Available
Sheriffs Deed $16,000 None Listed On Document
Warranty Deed $16,000 None Available
Warranty Deed -- --
Warranty Deed -- Fidelity National Title
Warranty Deed -- None Available
Warranty Deed $83,456 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $89,625 New Conventional
Closed $89,625 New Conventional
Previous Owner $66,430 No Value Available
Source: Public Records

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Source: Indiana Regional MLS

MLS Number: 202525053

Indiana Regional MLS

APN: 71-08-13-451-012.000-026