Don’t miss this incredible opportunity to add 5 buildings with 11 units to your portfolio, generating gross rents of approximately $7,000/month. Priced at $600,000, this package fits the 1% rule, making it an attractive investment. Some units have been freshly updated, adding further value to this deal. Addresses included: 420 Middlebury St., Elkhart 426 Middlebury St., Elkhart 500 Middlebury St., Elkhart 748 Monroe St., Elkhart 911 & 913 Princeton St., Elkhart (one building) Please Note: Due to a language barrier with tenants, showings will only be conducted after accepted offers. Please make your offer contingent on walkthroughs. Perfect for investors looking to expand their portfolio with a solid cash flow!
Closed
$175,000
500 Middlebury St, Elkhart, IN 46516
5beds
2,592sqft
Triplex
Built in 1886
-- sqft lot
$193,200 Zestimate®
$--/sqft
$1,226 Estimated rent
Home value
$193,200
$147,000 - $240,000
$1,226/mo
Zestimate® history
Owner options
List your home for rent
$1,226/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,226/mo
Rent Zestimate®
Refinance and save
$1,121/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,121/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Stephen DiJulius 574-250-0893,
St. Joseph Realty Group
Bought with:
Stephen DiJulius
St. Joseph Realty Group
Source: IRMLS,MLS#: 202436625
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Cooling
- Central Air
Features
- Flooring: Mixed
- Basement: Full
Interior area
- Total structure area: 4,736
- Total interior livable area: 2,592 sqft
- Finished area above ground: 2,592
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street Parking
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch Covered
Lot
- Size: 10,454 Square Feet
- Dimensions: 83X127
- Features: Corner Lot, Level, 0-2.9999
Details
- Additional structures: None
- Parcel number: 200604364009.000012
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Brick
Condition
- New construction: No
- Year built: 1886
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Elkhart
Financial & listing details
- Tax assessed value: $169,900
- Annual tax amount: $2,510
- Date on market: 9/21/2024
- Inclusions: Lease
- Lease term: Month To Month,12 Months,Renewal Option
- Total actual rent: 21600
- Tenant pays: Cooling, Electricity, Heating, Trash Collection, Water
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2025 | Sold | $175,000+45.8% |
Source:  IRMLS #202436625 Report a problem | ||
| 3/7/2025 | Pending sale | $120,000 |
Source: IRMLS #202436625 Report a problem | ||
| 2/7/2025 | Price change | $120,000-14.3% |
Source: IRMLS #202436625 Report a problem | ||
| 12/30/2024 | Pending sale | $140,000 |
Source: IRMLS #202436625 Report a problem | ||
| 9/21/2024 | Listed for sale | $140,000 |
Source: IRMLS #202436625 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,510 +5.9% | $169,900 +36.9% |
| 2024 | $2,371 +270.1% | $124,100 +6% |
| 2023 | $641 0% | $117,100 +270.6% |
| 2022 | $641 -6.1% | $31,600 |
| 2021 | $682 -6.4% | $31,600 |
| 2020 | $729 -55.1% | $31,600 -6.8% |
| 2019 | $1,624 -1.2% | $33,900 -54.8% |
| 2018 | $1,643 +11.6% | $75,000 |
| 2017 | $1,472 | $75,000 +0.1% |
| 2016 | $1,472 +166.6% | $74,900 +189.2% |
| 2014 | $552 -18.6% | $25,900 -23.6% |
| 2013 | $678 -79.2% | $33,900 -79.2% |
| 2010 | $3,266 | $163,300 |
| 2009 | $3,266 | $163,300 |
Find assessor info on the county website
Neighborhood: Tipton Area
Nearby homes
- $154,1003 bd1 ba1.1k sqft512 Middlebury St, Elkhart, IN 46516Off Market
- $8,900-- bd-- ba-- sqft512 Middlebury St, Elkhart, IN 46516Off Market
- $3,8002,879 Square Feet430 Middlebury St, Elkhart, IN 46516Off Market
- $128,9004 bd2 ba1.4k sqft746 Monroe St, Elkhart, IN 46516Off Market
- $107,3003 bd1 ba841 sqft749 Monroe St, Elkhart, IN 46516Off Market
- $120,0002 bd2 ba1.2k sqft426 Middlebury St, Elkhart, IN 46516Sold
- $8,200-- bd-- ba-- sqft426 Middlebury St, Elkhart, IN 46516Off Market
- $100,5003 bd1 ba1.3k sqft514 Middlebury St, Elkhart, IN 46516Off Market
Nearby schools
GreatSchools rating
- 3/10Beck Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 4/10Pierre Moran Middle SchoolGrades: 7-8Distance: 1 mi
- 2/10Elkhart High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Mary Beck
- Middle: Pierre Moran
- 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.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$193,200
2% more
+$3,864
With Zillow Showcase(estimated)
$197,064
- Indiana
- Elkhart County
- Elkhart
- 46516
- Tipton Area
- 500 Middlebury St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Elkhart Topics
