Back to search
1433 W Franklin Street Elkhart, IN $ 250,000
Share Save
$ 250,000 Get more info
1433 W Franklin Street
$ 250,000
Back to search
Recently Listed
Share Save

1433 W Franklin Street

Elkhart, IN, 46516
$ 250,000
Bedrooms4 Baths4.1 Sq 2,904

Monthly Estimate*

$ 1,539

1433 W Franklin Street, Elkhart, IN 46516 - Image 1
1433 W Franklin Street, Elkhart, IN 46516 - Image 2
1433 W Franklin Street, Elkhart, IN 46516 - Image 3
1433 W Franklin Street, Elkhart, IN 46516 - Image 4
1433 W Franklin Street, Elkhart, IN 46516 - Image 5
1433 W Franklin Street, Elkhart, IN 46516 - Image 6
1433 W Franklin Street, Elkhart, IN 46516 - Image 7
1433 W Franklin Street, Elkhart, IN 46516 - Image 8
1433 W Franklin Street, Elkhart, IN 46516 - Image 9
1433 W Franklin Street, Elkhart, IN 46516 - Image 10
1433 W Franklin Street, Elkhart, IN 46516 - Image 11
1433 W Franklin Street, Elkhart, IN 46516 - Image 12
1433 W Franklin Street, Elkhart, IN 46516 - Image 13
View a Virtual Tour

Multi-Family Home for sale in Elkhart, IN

for $250,000 with 4 bedrooms and 4 full baths, 1 half bath. This 2,904 square foot home was built in 1910.

Turnkey investment opportunity with built-in cash flow! This well-maintained fourplex offers three occupied units with reliable long-term tenants already in place who would like to stay, minimizing vacancy risk and providing immediate income stability. Unit A includes valuable basement access with newer mechanicals and offers additional storage and added tenant convenience. Unit B, located on the upper level, has been refreshed with newer flooring, windows, and paint. Unit C features an attached garage, a highly desirable amenity that increases rental value. Studio Apartment D has been recently painted, providing a move-in-ready space. A strong addition to any investment portfolio with immediate returns and excellent long-term potential.

See more
Multi-Family Active

Price

$ 250,000

Bedrooms

4

Full Bath

4

Half Bath

1

Property Type

Multi-Family

Taxes

$ 2,717

Style

Fourplex

Year Built

1910

Town/City

Elkhart

County/Region

Elkhart

MLS | Web ID

202606198
Features
General
Heating Gas Forced Air
Cooling None
Sewer City
Status Active Active
Full Baths 4
Half Baths 1
Bathrooms 5
Year Built 1910
Parking Off Street
New Construction No
Tenant Pays None
Subdivision None
Style One and Half Story
Stories Count 15
Township Concord
Class INVESTMENT
Type Fourplex
Age 116
Net Income 31223
Rent Income 47340
Features Detector-Carbon Monoxide Detector-Smoke
REO No
Status Detail 0
Area Elkhart County
High School Elkhart
City Elkhart
School District Elkhart Community Schools
Total Sq Ft 3872
Elementary School Mary Daly
Middle School West Side
Legal Description KRAUS EX 8FT S SIDE LOT 34
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202606198
Agent First Name Heidi
Agent Last Name Gaskill
DOM 1
Tax Year 2025 pay 2026
See more
Interior
Basement Unfinished
Flooring Vinyl
Beds 4
Total Number of Units 4
Microwaves 0
Refrigerators 4
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 4
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 2
Ranges/Ovens 4
W/D Hookups 0
See more
Exterior
Exterior Vinyl
Pool No
Number of Parking Spaces 8
Lot Size Area 7841
Lot Dimensions 58 x 132
Lot Description Level
Water Meters 1
Electric Meters 1
Outbuilding None
Gas Meters 1
Waterfront Y/N No
See more
* Excluded Features
List By
Heidi Gaskill

Listing Agent

Berkshire Hathaway Homeservices Elkhart

Broker

heidigaskill@bhhsni.com

Email

Affordability Calculator

$1,766
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,539
Monthly Property Taxes
$226
Monthly 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
1235677 Elementary School
1237294 Middle School
Elkhart High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/27/2026$250,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

1433 W Franklin Street, Elkhart, IN, 46516 is a Multi-Family Home for sale at $250,000 with 2,904 sqft. 1433 W Franklin Street has 4 bedrooms, 4.1 baths, and was built in 1910. The property's zip code is 46516 which is in Elkhart, IN

Get more info