Well-maintained all-brick triplex offering an excellent turnkey investment opportunity. This income-producing property features a newer roof and a desirable unit mix with two one-bedroom units and one spacious two-bedroom unit. All units are currently rented, providing immediate cash flow for the next owner. Solid construction, strong rental appeal, and low-maintenance exterior make this a smart addition to any portfolio. A great opportunity for investors seeking a stable, fully occupied property. Owner pays sewer, trash, water and gas. Tenant pays electric.
Closed
$155,000
338 N Olive St, South Bend, IN 46628
4beds
2,450sqft
Triplex
Built in 1938
-- sqft lot
$157,300 Zestimate®
$--/sqft
$1,304 Estimated rent
Home value
$157,300
$142,000 - $176,000
$1,304/mo
Zestimate® history
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List your homeWhat's special
Low-maintenance exteriorAll-brick triplexTwo one-bedroom unitsOne spacious two-bedroom unitNewer roof
Zillow last checked:
Listing updated:
Listed by:
Julia B Robbins Cell:574-210-6957,
RE/MAX 100
Bought with:
Michelle Bordeau, RB20001750
SUNRISE Realty
Source: IRMLS,MLS#: 202549059
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Laminate Counters
- Flooring: Carpet, Laminate
- Basement: Full
Interior area
- Total structure area: 3,675
- Total interior livable area: 2,450 sqft
- Finished area above ground: 2,450
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Off Street, On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Fencing: None
Lot
- Size: 7,840 Square Feet
- Dimensions: 132X58
- Features: Corner Lot, Irregular Lot
Details
- Additional structures: None
- Parcel number: 710803454001.000026
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Brick
- Foundation: Basement
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1938
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: South Bend
Financial & listing details
- Tax assessed value: $88,800
- Annual tax amount: $2,115
- Date on market: 12/16/2025
- Listing terms: Cash,Conventional
- Inclusions: Building
- Lease term: Month To Month,12 Months
- Total actual rent: 23880
- Tenant pays: Electricity, Heating, Sewer, Water
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2026 | Sold | $155,000-3.1% |
Source:  IRMLS #202549059 Report a problem | ||
| 1/12/2026 | Pending sale | $160,000 |
Source: IRMLS #202549059 Report a problem | ||
| 12/16/2025 | Listed for sale | $160,000+60.2% |
Source: IRMLS #202549059 Report a problem | ||
| 9/17/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 9/1/2022 | Listed for rent | $700+16.7% |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/18/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 4/6/2022 | Listed for rent | $600 |
Source: Zillow Rental Network Premium Report a problem | ||
| 11/26/2016 | Listing removed | $99,900$41/sqft |
Source: Coldwell Banker Roth Wehrly Graber #201554079 Report a problem | ||
| 11/25/2015 | Listed for sale | $99,900$41/sqft |
Source: Coldwell Banker Roth Wehrly Graber #201554079 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,072 -1.2% | $88,800 +1% |
| 2024 | $2,098 -0.7% | $87,900 -0.1% |
| 2023 | $2,112 +11.8% | $88,000 |
| 2022 | $1,889 +0% | $88,000 +11.8% |
| 2021 | $1,889 +18.6% | $78,700 |
| 2020 | $1,592 -4.9% | $78,700 -1.1% |
| 2019 | $1,674 -53.8% | $79,600 +4.5% |
| 2018 | $3,621 +106.3% | $76,200 +1.2% |
| 2017 | $1,755 +3.6% | $75,300 |
| 2016 | $1,694 -1.8% | $75,300 +0.7% |
| 2014 | $1,725 -0.1% | $74,800 |
| 2013 | $1,728 +0.4% | $74,800 +0.5% |
| 2012 | $1,720 +59.9% | $74,400 +81.9% |
| 2011 | $1,076 -1.6% | $40,900 |
| 2010 | $1,094 +4.1% | $40,900 |
| 2009 | $1,051 | $40,900 |
| 2007 | -- | $40,900 -1.2% |
| 2006 | $1,670 +172.8% | $41,400 -59.1% |
| 2003 | $612 | $101,300 +1232.9% |
| 2001 | -- | $7,600 |
Find assessor info on the county website
Neighborhood: Nws Cooperative Alliance
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Nearby schools
GreatSchools rating
- 6/10Kennedy Primary AcademyGrades: K-5Distance: 0.2 mi
- 9/10Lasalle Intermediate AcademyGrades: 6-8Distance: 1 mi
- 2/10Washington High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Harrison
- Middle: Dickinson
- High: Washington
- District: South Bend Community School Corp.
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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