Active

$205,000

542 W 4th St, Mishawaka, IN 46544

5beds

1,688sqft

$1,440/mo

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Triplex

Built in 1902

-- sqft lot

$203,300 Zestimate^®

$--/sqft

$-- HOA

What's special

Partial basement for storageWelcoming covered front porch

Well-maintained multi-unit property offering three income-generating residences: one spacious 3-bed/1-bath unit, one 1-bed/1-bath unit, and a studio with 1 bath. The 3-bed/1-bath unit is currently rented, providing immediate rental income, while the other two units offer excellent potential for additional cash flow once leased. Property highlights include a welcoming covered front porch, a partial basement for storage, and excellent upkeep throughout. Conveniently located close to shopping, restaurants, and more. A solid addition to any portfolio.

5 hours
106
8

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Heating

Natural Gas, Forced Air

Cooling

Central Air

Appliances

Included: Gas Water Heater
Laundry: Washer Hookup

Features

Laminate Counters
Flooring: Carpet, Vinyl
Basement: Michigan Basement,Block

Interior area

Total structure area: 1,938
Total interior livable area: 1,688 sqft
Finished area above ground: 1,688
Finished area below ground: 0

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 3
Parking features: None, Gravel
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Porch Covered

Lot

Size: 5,227 Square Feet
Dimensions: 38X132
Features: Level, 0-2.9999, City/Town/Suburb

Details

Additional structures: None
Parcel number: 710916186013.000023

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Triplex

Materials

Aluminum Siding
Foundation: Basement
Roof: Shingle

Condition

New construction: No
Year built: 1902

Utilities & green energy

Electric: Mishawaka Utility
Gas: NIPSCO
Sewer: City
Water: City, Mishawaka Utility

Community & HOA

Community

Subdivision: None

Location

Region: Mishawaka

Financial & listing details

Tax assessed value: $145,200
Annual tax amount: $3,354
Date on market: 9/1/2026
Listing terms: Cash,Conventional
Inclusions: Building
Lease term: Month To Month
Total actual rent: 33876
Tenant pays: Other

Estimated market value

$203,300

$193,000 - $213,000

$2,243/mo

Price history

Date	Event	Price
9/1/2026	Listed for sale	$205,000-10.8%
Source: IRMLS #202635934 Report a problem
3/3/2026	Listing removed	$229,900
Source: IRMLS #202535131 Report a problem
1/7/2026	Price change	$229,900-7.3%
Source: IRMLS #202535131 Report a problem
11/6/2025	Price change	$248,000-4.1%
Source: IRMLS #202535131 Report a problem
9/2/2025	Listed for sale	$258,500+29.9%
Source: IRMLS #202535131 Report a problem
8/2/2022	Listing removed	--
Source: Berkshire Hathaway HomeServices Michigan and Northern Indiana Real Estate Report a problem
4/28/2022	Pending sale	$199,000
Source: IRMLS #202206062 Report a problem
2/26/2022	Listed for sale	$199,000+162.2%
Source: IRMLS #202206062 Report a problem
7/7/2021	Listing removed	--
Source: Owner Report a problem
6/16/2021	Pending sale	$75,900$45/sqft
Source: Owner Report a problem
6/7/2021	Price change	$75,900-5%$45/sqft
Source: Owner Report a problem
6/4/2021	Listed for sale	$79,900$47/sqft
Source: Owner Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,075 +14.3%	$145,200 +10.4%
2024	$2,691 +36.1%	$131,500 +15.7%
2023	$1,978 +7.2%	$113,700 +34.9%
2022	$1,845 -8.5%	$84,300 +7.1%
2021	$2,016 +4.2%	$78,700 -8.2%
2020	$1,935 -14.6%	$85,700 +4.6%
2019	$2,266 -5.9%	$81,900 +6%
2018	$2,408 +10.3%	$77,300 +1.3%
2017	$2,184 +9.9%	$76,300 +5.4%
2016	$1,986 +3.9%	$72,400 +1.3%
2014	$1,912 -3.6%	$71,500
2013	$1,983 -1.1%	$71,500 -0.1%
2012	$2,004 +26%	$71,600 +30.4%
2011	$1,590 -13.4%	$54,900 -12.6%
2010	$1,836 +2.8%	$62,800
2009	$1,785	$62,800 +1.9%
2007	--	$61,600 +20.3%
2006	$1,696 -3.4%	$51,200 -30.9%
2003	$1,756	$74,090 +1344.2%
2001	--	$5,130