Investment Opportunity – Mixed-Use B-2 Zoned Property in Goshen Opportunity awaits with this mixed-use commercial property offering multiple income possibilities. Zoned B-2, the building features approximately three separate spaces consisting of a main-level office and two upper-level one-bedroom apartments, each with its own private entrance. The main floor office includes a welcoming reception/work area, a fireplace, two half baths, and central air conditioning. The upper level consists of two one-bedroom, one-bath apartments, each with a full bath featuring a shower. The apartments are currently without kitchen appliances, allowing a new owner to customize as desired. The building is heated by a hot water boiler system located in the basement. The office space is air conditioned, while the upstairs apartments do not currently have air conditioning; window units could be installed if desired. The property has not been leased or occupied for the past several years, providing a blank slate for renovation, updates, and future occupancy. Whether you're looking for office space with residential units above or an investment property with value-add potential, this B-2 zoned building offers flexibility and opportunity in a convenient Goshen location.
Active
Price cut: $10K (8/22)
$275,000
120 N 5th St, Goshen, IN 46528
2beds
3,216sqft
Triplex
Built in 1900
-- sqft lot
$261,000 Zestimate®
$--/sqft
$-- HOA
What's special
- 30 days
- 395
- 8
Zillow last checked:
Listing updated:
Listed by:
Gregory Hire Cell:574-238-7157,
Hallmark Excellence Realty
Source: IRMLS,MLS#: 202630691
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Natural Gas, Hot Water, Fireplace(s)
Cooling
- None, Multi Units
Appliances
- Included: Gas Water Heater
Features
- Bookcases, Ceiling-9+, Entrance Foyer
- Flooring: Carpet, Wood, Vinyl
- Doors: Six Panel Doors
- Basement: Partial,Michigan Basement,Unfinished,Brick,Stone
- Attic: Storage,Walk-up
- Has fireplace: Yes
Interior area
- Total structure area: 3,842
- Total interior livable area: 3,216 sqft
- Finished area above ground: 3,216
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Public
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch Covered
Lot
- Size: 5,227 Square Feet
- Dimensions: 56X90
- Features: Historic Designation, City/Town/Suburb
Details
- Additional structures: None
- Parcel number: 201109426002.000015
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex
Materials
- Aluminum Siding, Masonry
- Foundation: Basement
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: NIPSCO
- Gas: NIPSCO
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Goshen
Financial & listing details
- Tax assessed value: $247,600
- Annual tax amount: $5,888
- Date on market: 7/29/2026
- Listing terms: Cash,Conventional
- Inclusions: Building
- Lease term: None
- Total actual rent: 0
- Tenant pays: None
- Road surface type: Asphalt
Estimated market value
$261,000
$248,000 - $274,000
$1,347/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2026 | Price change | $275,000-3.5% |
Source:  IRMLS #202630691 Report a problem | ||
| 7/29/2026 | Listed for sale | $285,000+159.1% |
Source: IRMLS #202630691 Report a problem | ||
| 5/1/2012 | Sold | $110,000$34/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,232 +7.9% | $247,600 +18.3% |
| 2024 | $4,850 +13.4% | $209,300 +9.6% |
| 2023 | $4,276 +19.3% | $191,000 +13.4% |
| 2022 | $3,583 -2.9% | $168,400 +12% |
| 2021 | $3,690 +16.2% | $150,400 +9.3% |
| 2020 | $3,176 +18.4% | $137,600 +6.8% |
| 2019 | $2,682 +25.9% | $128,800 +12.2% |
| 2018 | $2,131 -16.6% | $114,800 +10.3% |
| 2017 | $2,553 | $104,100 -1% |
| 2016 | $2,553 +2.6% | $105,100 +3.6% |
| 2014 | $2,489 +5.5% | $101,400 +2.9% |
| 2013 | $2,359 -1.7% | $98,500 -1.7% |
| 2012 | $2,400 | $100,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: East Lincoln Crossroads
Nearby schools
Schools provided by the listing agent
- Elementary: Chamberlain
- Middle: Goshen
- High: Goshen
- District: Goshen Community Schools
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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