517 W Lexington Avenue Elkhart, IN ^$ 225,000

517 W Lexington Avenue

^$ 225,000

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517 W Lexington Avenue

Elkhart, IN, 46516

^$ 225,000

Bedrooms4 Baths3.0 Sq 2,371

Monthly Estimate*

^$ 1,385

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Multi-Family Home for sale in Elkhart, IN

for $225,000 with 4 bedrooms and 3 full baths. This 2,371 square foot home was built in 1925.

Great income producer! Triplex in Elkhart on a corner lot featuring 3 large units, 3 attached garages, a brick woodburning fireplace on the main level a common laundry area on the main level and new furnaces. Close to downtown, shopping and restaurants.

Multi-Family Active

Price

^$ 225,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,874

Style

Triplex

Year Built

1925

Town/City

Elkhart

County/Region

Elkhart

MLS | Web ID

202603080

Features

General

Heating Gas Forced Air

Cooling None

Sewer City

Status Active Active

Full Baths 3

Half Baths 0

Bathrooms 3

Year Built 1925

New Construction No

Tenant Pays Electric Fuel

Subdivision None

Style Two Story

Stories Count 2

Township Concord

Class INVESTMENT

Type Triplex

Age 101

Net Income 23345.32

Rent Income 29820

Features Fenced Yard Fireplace Porch Covered

REO No

Status Detail 0

Area Elkhart County

High School Elkhart

City Elkhart

School District Elkhart Community Schools

Total Sq Ft 3628

Elementary School Mary Feeser

Middle School North Side

Legal Description Second South & Western Ex 16 1/2X120ft Nw Cor Lot 157

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202603080

Agent First Name Denver

Agent Last Name Anthony

DOM 53

Tax Year 2025

Interior

Basement Full Basement Unfinished

Flooring Wood

Beds 4

Total Number of Units 3

Microwaves 0

Refrigerators 3

Washers 1

Dryer(s) 1

Dishwasher(s) 0

Disposal(s) 0

Above Grade Bedrooms 4

Below Grade Baths 0

Below Grade Bedrooms 0

Total Rooms Below Grade 0

Ranges/Ovens 3

W/D Hookups 1

Exterior

Exterior Aluminum Vinyl Masonry

Pool No

Number of Parking Spaces 3

Lot Size Area 10890

Lot Dimensions 66x165

Lot Description Corner

Outbuilding None

Waterfront Y/N No

* Excluded Features

List By

Denver Anthony

Listing Agent

Cressy & Everett- Elkhart

Broker

denveranthony@cressyeverett.com

Affordability Calculator

$1,708

Per Month

Monthly Principal & Interest: $1,385
Monthly Property Taxes: $323
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Multi-family listings in Elkhart, IN

Average List Price ^$322,960

Percent of Sale Price 44%

About Elkhart, IN

53,365 Population

-3% Since 2002

^$39,230 Median Income

35.79 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1237751 Elementary School

1236486 Middle School

Elkhart High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/30/2026	$225,000		Listed Price

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517 W Lexington Avenue, Elkhart, IN, 46516 is a Multi-Family Home for sale at $225,000 with 2,371 sqft. 517 W Lexington Avenue has 4 bedrooms, 3.0 baths, and was built in 1925. The property's zip code is 46516 which is in Elkhart, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Multiple Listing Service of the Indiana Regional Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Indiana Regional Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is 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.

Data is updated as of 3/29/2026.

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517 W Lexington Avenue

Multi-Family Home for sale in Elkhart, IN

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