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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
Bedrooms12 Baths5.0 Sq 4,078

Monthly Estimate*

$ 2,308

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Multi-Family Home for sale in Kendallville, IN

for $370,000 with 12 bedrooms and 5 full baths. This 4,078 square foot home was built in 1870.

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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Multi-Family Active

Price

$ 370,000

Bedrooms

12

Full Bath

5

Property Type

Multi-Family

Taxes

$ 2,959

Style

Fiveplex

Year Built

1870

Town/City

Kendallville

County/Region

Noble

MLS | Web ID

202540110
Features
General
Heating Baseboard Forced Air
Cooling Central Air
Sewer City
Status Active Cont-AccptngBackupOffers
Full Baths 5
Half Baths 0
Bathrooms 5
Year Built 1870
New Construction No
Tenant Pays Cable Cooling Electric Sewer Trash Collection Water
Subdivision None
Style Two Story
Stories Count 2
Township Wayne
Class INVESTMENT
Type Fiveplex
Age 155
Net Income 15266.46
Rent Income 30879.5
Unit Number 1-5
Features Basement Ceiling Fan Off Street Parking
REO No
Status Detail 1
Area Noble County
High School East Noble
City Kendallville
School District East Noble Schools
HOA Fees $ 0
Total Sq Ft 6478
Elementary School North Side
Middle School East Noble
Legal Description MITCHELLS ADD LOT 178
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202540110
Agent First Name Nicole
Agent Last Name Schnurr
DOM 74
Tax Year 2025
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Exterior
Road Surface Concrete
Exterior Vinyl
Pool No
Number of Parking Spaces 6
Lot Size Area 10890
Lot Dimensions 66x166
Lot Description Level
Outbuilding None
Water Features None
Waterfront Y/N No
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Interior
Basement Partial Basement
Flooring Vinyl
Beds 12
Total Number of Units 5
Microwaves 0
Refrigerators 5
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 12
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 5
W/D Hookups 0
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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

$2,555
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,308
Monthly Property Taxes
$247
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
1236356 Elementary School
1236225 Middle School
East Noble 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 Multi-Family Home for sale at $370,000 with 4,078 sqft. 328 N State Street has 12 bedrooms, 5.0 baths, and was built in 1870. The property's zip code is 46755 which is in Kendallville, IN

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