209 S 2nd Street Elkhart, IN $ 399,900
209 S 2nd Street
$ 399,900
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209 S 2nd Street

Elkhart, IN, 46516
$ 399,900
Bedrooms2 Baths2.2 Sq 4,252

Monthly Estimate*

$ 2,525

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Multi-Family Home for sale in Elkhart, IN

for $399,900 with 2 bedrooms and 2 full baths, 2 half baths. This 4,252 square foot home was built in 1915.

Exceptional mixed-use investment opportunity in the heart of downtown Elkhart. This well-positioned building features a spacious main-level commercial storefront with excellent visibility and flexibility for retail, office, service, or creative business use, along with two upper-level residential apartments that provide additional income potential. Each second-floor apartment offers 1 bedroom and 1 bathroom and showcases the character tenants love, including soaring 10-foot ceilings, beautiful hardwood floors, granite counters, large windows, and abundant natural light. The residential units blend historic charm with functional living spaces in a walkable downtown setting. The main-level commercial space features an open secretary room and 5 office rooms with carpeted flooring, making it ready for a variety of business uses. The office includes two bathrooms, a kitchen, and storage room as well. Located just steps from downtown restaurants, shops, entertainment, and local employers, this property benefits from strong visibility and convenient access for both customers and tenants. Whether you're an investor seeking multiple income streams, an owner-occupant looking to operate a business while generating rental income, or a developer looking to add value, this versatile property offers significant upside in one of Elkhart's growing downtown corridors.

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Multi-Family Active

Price

$ 399,900

Bedrooms

2

Full Bath

2

Half Bath

2

Property Type

Multi-Family

Taxes

$ 2,956

Style

Traditional

Year Built

1915

Town/City

Elkhart

County/Region

Elkhart

MLS | Web ID

202623318

Features
General
Heating Gas Forced Air Radiator
Cooling Central Air Window
Sewer City
Status Active Active
Full Baths 2
Half Baths 2
Bathrooms 4
Year Built 1915
Parking Lot Off Street Paved
New Construction No
Tenant Pays Electric
Subdivision None
Style Two Story
Stories Count 2
Township Concord
Class INVESTMENT
Type Other
Age 111
Net Income 14434
Rent Income 24900
Features Basement Near Walking Trail Countertops-Stone Crown Molding Detector-Smoke Water Heater Gas Wiring-Data Washer Hook-Up
REO No
Status Detail 0
Area Elkhart County
Location City/Town/Suburb
High School Elkhart
City Elkhart
School District Elkhart Community Schools
Architectural Style Traditional
Total Sq Ft 6189
Elementary School Beardsley
Middle School North Side
Legal Description Beardsleys 1st N 1/2 Lot 68 5 1/2X105ft Se Cor Lot 69 (Tif 75)
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202623318
Agent First Name Nick
Agent Last Name Foy
DOM 10
Tax Year 2025
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Exterior
Road Surface Asphalt
Road Access City
Exterior Brick
Driveway Asphalt
Pool No
Number of Parking Spaces 7
Lot Size Area 7405
Lot Dimensions 68x105
Lot Description Level
Outbuilding None
Waterfront Y/N No
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Interior
Basement Partial Basement Unfinished
Flooring Part Carpet Wood
Beds 2
Total Number of Units 3
Microwaves 0
Refrigerators 3
Washers 2
Dryer(s) 2
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 2
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 3
W/D Hookups 2
Basement Material Stone
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* Excluded Features
List By
Nick Foy

Listing Agent

Re/Max Oak Crest - Elkhart

Broker

foyinvestments@yahoo.com

Email

Affordability Calculator

$2,771
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,525
Monthly Property Taxes
$246
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
1236791 Elementary School
1236486 Middle School
Elkhart High School High School
Pricing History
DatePricePrice ChangeDescription
6/14/2026$399,900 Listed Price

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209 S 2nd Street, Elkhart, IN, 46516 is a Multi-Family Home for sale at $399,900 with 4,252 sqft. 209 S 2nd Street has 2 bedrooms, 2.2 baths, and was built in 1915. The property's zip code is 46516 which is in Elkhart, IN