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328 N State Street Kendallville, IN $ 370,000
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$ 370,000 Get more info
328 N State Street
$ 370,000
Back to search
Share Save

328 N State Street

Kendallville, IN, 46755
$ 370,000
Bedrooms-- Baths5.0 Sq 4,078

Monthly Estimate*

$ 2,308

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View a Virtual Tour

Commercial Property for sale in Kendallville, IN

for $370,000 with 5 full baths. This 4,078 square foot building was built in 1870 on a lot size of 0.25.

Investment Opportunity!!! Cash-Flowing 5-Plex in Kendallville! This purpose-built 5-unit property offers over 4,000 sq. ft. and has strong cash flow potential with room to raise rents. Having all units rented, this 5 plex brings in $4,200/month. Each unit is separately metered with split utilities, individual water heaters, and two units even have their own gas meters. Recent updates include a newer metal roof, vinyl siding, and updated water heaters. Tenants enjoy ample off-street parking and a convenient location close to schools, shopping, and downtown Kendallville. This is a rare chance to own a true multi-family income property with tenants already in place. Whether youre looking to expand your portfolio or step into investment real estate with a strong performer, this 5-plex is the one to see!

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Commercial Active

Price

$ 370,000

Full Bath

5

Property Type

Commercial

Taxes

$ 3,349

Style

House

Lot Size

0.25

Year Built

1870

Town/City

Kendallville

County/Region

Noble

MLS | Web ID

202540114
Features
General
Heating Baseboard Forced Air
Cooling Central Air
Ceiling Height 0
Roof Metal
Parking Yes Gravel Off-Street Private
Sewer City
# of Buildings 1
Status Active Cont-AccptngBackupOffers
Bathrooms 5
Year Built 1870
New Construction No
Subdivision None
Stories Count 2
Township Wayne
Class COMMERCIAL
Type House
Age 155
Unit Number 1-5
Special Features None
REO No
Status Detail 1
Area Noble County
City Kendallville
Legal Description MITCHELLS ADD LOT 178
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202540114
Agent First Name Nicole
Agent Last Name Schnurr
DOM 73
Tax Year 2025
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Exterior
Road Access City
Exterior Vinyl
Lot Size Area 10890
Lot Dimensions 66x166
Parking Type Off Street
Waterfront Y/N No
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Interior
Flooring Laminate
Basement/Foundation Partial Basement
Walls Drywall
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* Excluded Features
List By
Nicole Schnurr

Listing Agent

Open Door Rentals And Real Estate

Broker

Nicole@schnurrproperties.com

Email

Affordability Calculator

$2,587
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,308
Monthly Property Taxes
$279
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1237469 Elementary School
1237627 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/10/2025$370,000 -3.90% Price Down
10/16/2025$385,000 -3.75% Price Down
10/3/2025$400,000 Listed Price

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328 N State Street, Kendallville, IN, 46755 is a Commercial Property for sale at $370,000 with 4,078 sqft and a lot size of 0.25. 328 N State Street has 5.0 baths and was built in 1870. The property's zip code is 46755 which is in Kendallville, IN

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