Closed

$180,000

704 Bower St, Elkhart, IN 46514

2beds

4,256sqft

Triplex

Built in 1930

-- sqft lot

$190,700 Zestimate^®

$--/sqft

$1,390 Estimated rent

Home value

$190,700

$166,000 - $219,000

$1,390/mo

Zestimate^® history

Owner options

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$1,390/mo

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$1,390/mo

Rent Zestimate^®

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$1,159/mo

Est. payment

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$1,159/mo

Est. payment

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What's special

Investor Opportunity – Prime Mixed-Use Potential! Exceptional value-add opportunity in the heart of Elkhart! This mixed-use property features a main-level commercial space—currently operating as a convenience store—which will be delivered vacant. All inventory, shelving, and refrigeration units will be removed prior to closing, allowing a flexible blank canvas for redevelopment into a restaurant, retail, office, or additional residential units. Upstairs, two fully leased apartments are already generating rental income, providing immediate cash flow for investors. Estimated monthly rental income: $750, with room for future increases. Whether you're looking to expand your rental portfolio, start a new business, or develop a mixed-use asset, this property offers strong potential for ROI.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 4
Full bathrooms: 2
1/2 bathrooms: 2

Heating

Natural Gas, Forced Air

Cooling

Central Air

Appliances

Included: Gas Water Heater

Features

Storage, Laminate Counters
Flooring: Mixed
Basement: Full

Interior area

Total structure area: 5,628
Total interior livable area: 4,256 sqft
Finished area above ground: 4,256
Finished area below ground: 0

Property

Parking

Total spaces: 3

Features

Levels: Two
Stories: 2

Lot

Size: 5,662 sqft
Features: Level

Details

Additional structures: None
Parcel number: 200606294012.000012

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Brick
Foundation: Basement

Condition

New construction: No
Year built: 1930

Utilities & green energy

Sewer: City
Water: City
Utilities for property: Cable Available

Community & neighborhood

Location

Region: Elkhart
Subdivision: None

HOA & financial

Other financial information

Total actual rent: 18000

Other

Other facts

Listing terms: Cash,Conventional

Price history

Date	Event	Price
7/18/2025	Sold	$180,000
Source: IRMLS #202523053 Report a problem
6/17/2025	Listed for sale	$180,000+140.3%
Source: IRMLS #202523053 Report a problem
11/29/2011	Listing removed	$74,900$18/sqft
Source: Lunch Partners LLC dba Realty Group Resources #9931202 Report a problem
10/4/2011	Price change	$74,900-6.3%$18/sqft
Source: Lunch Partners LLC dba Realty Group Resources #9931202 Report a problem
7/28/2011	Listed for sale	$79,900$19/sqft
Source: Lunch Partners LLC dba Realty Group Resources #9931202 Report a problem