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1433 W Franklin Street
Elkhart IN 46516 US

$250,000

Active Listing ID 202606198
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4 bed
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5.00 Bath (4 Full , 1 Half)
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Lot: 0.18 Acres
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Other

$250,000

Active Listing ID 202606198
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1433 W Franklin Street Turnkey investment opportunity with built-in cash flow! This well-maintained fourplex offers three occupied units with reliable long-term tenants already in place who would like to stay, minimizing vacancy risk and providing immediate income stability. Unit A includes valuable basement access with newer mechanicals and offers additional storage and added tenant convenience. Unit B, located on the upper level, has been refreshed with newer flooring, windows, and paint. Unit C features an attached garage, a highly desirable amenity that increases rental value. Studio Apartment D has been recently painted, providing a move-in-ready space. A strong addition to any investment portfolio with immediate returns and excellent long-term potential.

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Property Features

  • Facts
  • Lot Size: 0.18 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • 1/2 Bathrooms: 1
  • Exterior Finish: Detector-carbon Monoxide, Detector-smoke, None
  • Floor Covering: Vinyl
  • Heating Fuels: Forced Air, Natural Gas

School Information

  • School
  • Mary Daly(Elementary)
  • West Side(MiddleSchool)
  • Elkhart(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 250000
  • unparsedaddress: 1433 W Franklin Street
  • postalcity: Elkhart
  • stateorprovince: IN
  • country: US
  • postalcode: 46516
  • bathroomsfull: 4
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.18
  • lotsizeunits: Acres
  • lotsizearea: 0.18
  • livingarea: 2904
  • livingareaunits: Square Feet
  • latitude: 41.676852
  • longitude: -85.988819
  • listagentfullname: Heidi Gaskill
  • listagentemail: heidigaskill@bhhsni.com
  • listagentkey: 3yd-ECBORIN-38949
  • listagentmlsid: 38949
  • listagentpreferredphone: 5745967478
  • listagentofficephone: 5748495886
  • listofficekey: 3yd-ECBORIN-3607
  • listagentstatelicense: RB15001192
  • listofficemlsid: 3607
  • disclaimer: Copyright © 2026 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: ECBORIN
  • listingcontractdate: 2026-02-27
  • listagenturl: http://www.BHHSNorthernIndianaRealEstate.com
  • countyorparish: Elkhart County
  • parcelnumber: 20-06-07-276-007.000-012
  • elementaryschool: Mary Daly
  • highschool: Elkhart
  • elementaryschooldistrict: Elkhart Community Schools
  • middleorjuniorschooldistrict: Elkhart Community Schools
  • highschooldistrict: Elkhart Community Schools
  • appliances: Range
  • flooring: Vinyl
  • heating: Forced Air, Natural Gas
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 15
  • parkingtotal: 0
  • parkingfeatures: Garage, Garage - Attached, Off Street
  • waterfrontyn: False
  • franchiseaffiliation: Berkshire Hathaway HomeServices
  • exteriorfeatures: Detector-carbon Monoxide, Detector-smoke, None
  • architecturalstyle: Other
  • rooms: Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
  • entrylevel: Upper, Main
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -85.988815, 41.676853
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"One Realty, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"heidigaskill@bhhsni.com", "ListBrokerageCity":"Elkhart", "ListBrokerageCountry":"US", "ListBrokerageEmail":"LoriSnyder@bhhsni.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/ECBORIN/6c3e7ad1443e11e095f200219b994c72/20140710150613289.png", "ListBrokerageName":"One Realty, LLC", "ListBrokeragePhone":"(574) 849-5886", "ListBrokeragePostalCode":"46514", "ListBrokerageStateOrProvince":"IN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1741 E. Bristol Street", "ListBrokerageWebsiteUrl":"http://www.BHHSNorthernIndianaRealEstate.com", "ListOfficeAddress1":"1101 Parkway Avenue Suite 100", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Elkhart", "ListOfficeCountry":"US", "ListOfficeEmail":"LoriSnyder@bhhsni.com", "ListOfficePostalCode":"46516", "ListOfficeStateOrProvince":"IN", "ListPriceCurrencyType":"USD", "ListingTitle":"Fourplex - Elkhart, IN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1433-W-Franklin-St_Elkhart_IN_46516_M46758-06854?f=listhub&s=ECBORIN&m=202606198&c=rexren", "MLSModificationTimestamp":"2026-02-27T13:16:42Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Fourplex", "RawPropertyType":"Multi Family", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/27/2026 2:30:55 PM GMT
Source Updated Date: 3/1/2026 8:09:30 PM GMT

Courtesy of: Heidi Gaskill, Berkshire Hathaway HomeServices Elkhart, heidigaskill@bhhsni.com

Copyright © 2026 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.