701 W Beardsley Avenue Elkhart, IN $ 499,000
701 W Beardsley Avenue
$ 499,000
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701 W Beardsley Avenue

Elkhart, IN, 46514
$ 499,000
Bedrooms-- Baths12.0 Sq 11,010

Monthly Estimate*

$ 3,072

701 W Beardsley Avenue, Elkhart, IN 46514 - Image 1
701 W Beardsley Avenue, Elkhart, IN 46514 - Image 2
701 W Beardsley Avenue, Elkhart, IN 46514 - Image 3
701 W Beardsley Avenue, Elkhart, IN 46514 - Image 4
701 W Beardsley Avenue, Elkhart, IN 46514 - Image 5
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Commercial Property for sale in Elkhart, IN

for $499,000 with 12 full baths. This 11,010 square foot building was built in 1950 on a lot size of 0.325.

Investor opportunity! This 12-unit multi-family property offers strong in-place income with significant upside potential. With a pro forma gross annual income exceeding $80,000, this property is well-positioned for growth. The building includes 9 leased units, 1 owner-occupied unit, and 2 vacant units needing improvements for occupancyproviding immediate value-add potential. Recent electrical improvements allow for future utility separation, offering a path to reduced expenses and increased NOI. Additional features include a pole barn, a durable rubber roof, and a boiler approximately 810 years old. Ideal for a buy-and-improve investor focused on building equity and maximizing returns.

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Commercial Active

Price

$ 499,000

Full Bath

12

Property Type

Commercial

Taxes

$ 5,370

Style

Unknown

Lot Size

0.325

Year Built

1950

Town/City

Elkhart

County/Region

Elkhart

MLS | Web ID

202613041

Features
General
Heating Electric Gas Forced Air Multiple Heating Systems
Cooling None
Ceiling Height 8 ft
Roof Shingle
Parking Yes Off-Street
Sewer City
# of Buildings 2
Status Active Active
Bathrooms 12
Year Built 1950
New Construction No
Subdivision None
Stories Count 2
Township Concord
Class COMMERCIAL
Present Use Investment Property
Type Other/Unknown
Age 76
Special Features None
REO No
Status Detail 0
Area Elkhart County
Location City
City Elkhart
Legal Description N ELKHART LOT 57 *and* N ELK 44X82 1/2 FT LOT 56
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202613041
Agent First Name Steve
Agent Last Name Miller
DOM 4
Tax Year 25/Pay 26
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Exterior
Road Access City
Exterior Brick
Driveway Gravel
Number of Parking Spaces 12
Lot Size Area 14157
Lot Dimensions 176 x 83
Parking Type on-site
Fence None
Water Features None
Waterfront Y/N No
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Interior
Flooring Carpet Vinyl
Basement/Foundation Full Basement Unfinished
Walls Drywall
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* Excluded Features
List By
Steve Miller

Listing Agent

Re/Max Results

Broker

steve@startwithstellar.com

Email

Affordability Calculator

$3,520
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,072
Monthly Property Taxes
$448
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.
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Nearby
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/15/2026$499,000 Listed Price

Map


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701 W Beardsley Avenue, Elkhart, IN, 46514 is a Commercial Property for sale at $499,000 with 11,010 sqft and a lot size of 0.325. 701 W Beardsley Avenue has 12.0 baths and was built in 1950. The property's zip code is 46514 which is in Elkhart, IN