4-unit income property. Two main level offices and two upper level apartments. Each side has separate GFA furnaces. Upper level tenants would like to stay. Leases are now month to month. All utility cost is paid by property owner.
Active
$225,000
218 S 3rd St, Elkhart, IN 46516
2beds
3,424sqft
Quadruplex
Built in 1931
-- sqft lot
$198,900 Zestimate®
$--/sqft
$-- HOA
What's special
Separate gfa furnacesTwo upper level apartmentsTwo main level offices
- 1 day
- 172
- 5
Zillow last checked:
Listing updated:
Listed by:
Tonia L Miller Cell:574-361-3625,
Price Investments
Source: IRMLS,MLS#: 202643239
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 5
- Full bathrooms: 2
- 1/2 bathrooms: 3
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet
- Basement: Full,Exterior Entry,Unfinished,Block,Brick
Interior area
- Total structure area: 5,136
- Total interior livable area: 3,424 sqft
- Finished area above ground: 3,424
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 8
- Parking features: Off Site, Paved, Private, Off Street Parking, Asphalt
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch Covered
- Fencing: None
Lot
- Size: 7,840 Square Feet
- Dimensions: 67 X 116
- Features: Level, 0-2.9999, City/Town/Suburb
Details
- Additional structures: None
- Parcel number: 200605409005.000012
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Cedar
- Foundation: Basement
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1931
Utilities & green energy
- Electric: AEP/I&M
- Gas: NIPSCO
- Sewer: City
- Water: City
Community & HOA
Community
- Features: None
- Subdivision: None
Location
- Region: Elkhart
Financial & listing details
- Tax assessed value: $256,700
- Annual tax amount: $6,718
- Date on market: 10/19/2026
- Listing terms: Cash,Conventional
- Inclusions: Building
- Lease term: Month To Month
- Total actual rent: 18600
- Tenant pays: None
Estimated market value
$198,900
$149,000 - $253,000
$1,785/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/19/2026 | Listed for sale | $225,000 |
Source:  IRMLS #202643239 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,073 +16.8% | $222,400 +10.7% |
| 2024 | $5,199 -0.1% | $200,900 +16.9% |
| 2023 | $5,204 +7.3% | $171,900 |
| 2022 | $4,848 -0.6% | $171,900 +7.4% |
| 2021 | $4,878 +4.8% | $160,100 +3.7% |
| 2020 | $4,656 -1.2% | $154,400 +4.5% |
| 2019 | $4,713 +1.7% | $147,800 -0.7% |
| 2018 | $4,634 +2.7% | $148,900 +2.5% |
| 2017 | $4,511 | $145,200 |
| 2016 | $4,511 +21.2% | $145,200 +22.2% |
| 2014 | $3,721 +6.9% | $118,800 +2.4% |
| 2013 | $3,480 +6.7% | $116,000 +6.7% |
| 2012 | $3,261 | $108,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Downtown
Nearby schools
Schools provided by the listing agent
- Elementary: Beardsley
- Middle: North Side
- High: Elkhart
- District: Elkhart Community Schools
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Similar homes
- $199,9005 bd3 ba3.6k sqft1051 Middlebury St, Elkhart, IN 46516For Sale
MLS ID #202643153, Travis Bontrager, Bontrager Realty, LLC. IRMLS - $225,0004 bd3 ba2.3k sqft517 W Lexington Ave, Elkhart, IN 46516For Sale
MLS ID #202603080, Denver Anthony, Cressy & Everett- Elkhart. IRMLS - $229,9003 bd2 ba2k sqft196 Home Ave, Elkhart, IN 46516For Sale
MLS ID #202629553, Pat Roll, RE/MAX Oak Crest - Elkhart. IRMLS - $225,0003 bd2 ba1.7k sqft117 Graywood Ave, Elkhart, IN 46516For Sale
MLS ID #202635314, Paige Schwartz, Cressy & Everett- Elkhart. IRMLS
