Pending

$249,900

412 E 4th St, Mishawaka, IN 46544

2beds

1,534sqft

$1,757/mo

Get pre-qualified

Multi Family

Built in 1920

-- sqft lot

$246,800 Zestimate^®

$--/sqft

$-- HOA

What's special

Tucked into a convenient Mishawaka location, this unique property offers a rare chance to own three income-producing units on one lot. The front home features 2 bedrooms, 2 baths, while the duplex at the back includes a 1-bedroom unit and a 2-bedroom unit, plus a 2 car garage! All three units are currently rented, giving the next owner income right away without starting from scratch. Priced below the 1% rule, this property is a strong fit for investors looking to add steady cash flow, or for a future house hacker who wants flexibility down the road. With multiple units, an established rental setup, and a location that continues to draw tenant demand, this is a smart opportunity worth a closer look.

93 days
39
1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Heating

Forced Air

Cooling

Central Air

Features

Ceiling Fan(s)
Flooring: Carpet
Basement: Full

Interior area

Total structure area: 2,468
Total interior livable area: 1,534 sqft
Finished area above ground: 934
Finished area below ground: 600

Video & virtual tour

View virtual tour

Property

Features

Levels: One
Stories: 1

Lot

Size: 6,969 Square Feet
Dimensions: 51X132
Features: Level, 0-2.9999

Details

Additional structures: None
Parcel number: 710915155017.000023

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Vinyl Siding

Condition

New construction: No
Year built: 1920

Utilities & green energy

Sewer: City
Water: City

Community & HOA

Community

Subdivision: Barbee

Location

Region: Mishawaka

Financial & listing details

Tax assessed value: $248,100
Annual tax amount: $5,144
Date on market: 5/27/2026
Listing terms: Cash,Conventional
Inclusions: Building, Land
Lease term: 12 Months
Total actual rent: 30120
Tenant pays: Electricity, Heating

Estimated market value

$246,800

$234,000 - $259,000

$1,238/mo

Price history

Date	Event	Price
6/26/2026	Pending sale	$249,900
Source: IRMLS #202620119 Report a problem
6/22/2026	Listed for sale	$249,900
Source: IRMLS #202620119 Report a problem
6/8/2026	Pending sale	$249,900
Source: IRMLS #202620119 Report a problem
5/27/2026	Listed for sale	$249,900+127.2%
Source: IRMLS #202620119 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
5/31/2018	Listing removed	$950$1/sqft
Source: Owner Report a problem
5/1/2018	Sold	$110,000-12.6%$72/sqft
Source: Agent Provided Report a problem
4/24/2018	Listed for rent	$950$1/sqft
Source: Owner Report a problem
3/9/2018	Listed for sale	$125,900$82/sqft
Source: Berkshire Hathaway HomeServices Northern Indiana Real Estate #201731640 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,144 +54.8%	$248,100 +12.8%
2024	$3,324 -2.1%	$220,000 +55.4%
2023	$3,394 +9.6%	$141,600 -2.1%
2022	$3,098 -21.5%	$144,700 +10.1%
2021	$3,948 +3.6%	$131,400 -21.3%
2020	$3,809 +16.8%	$166,900 +4.1%
2019	$3,261 -5.8%	$160,300 +46%
2018	$3,462 +4.7%	$109,800 +1.6%
2017	$3,308 +10.1%	$108,100
2016	$3,006 -8.5%	$108,100 -11%
2014	$3,285 -3.7%	$121,500
2013	$3,410 +67.3%	$121,500 +13.6%
2010	$2,038 +3.8%	$107,000
2009	$1,963	$107,000 +2.2%
2007	--	$104,700 +6%
2006	$1,445 +6%	$98,800
2004	$1,363 -37%	$98,800 -43.3%
2003	$2,165	$174,100 +1901.1%
2001	--	$8,700