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Property view

1433 W Franklin Street, 
Elkhart, IN 46516

$232,500


4

Beds


5

Baths


2,904

Sq Ft


Multi-Family

Sold

Listed by

Heidi Gaskill, Office: 574-293-1010

Berkshire Hathaway HomeServices Elkhart

MLS#

202606198

Source:

Indiana Regional MLS

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About This Home

1433 W Franklin Street

Turnkey investment opportunity with built-in cash flow! This 100% occupied fourplex delivers immediate income with reliable long-term tenants already in place who would like to stay, minimizing vacancy risk from day one. 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 and is currently leased, adding to the property’s stable income stream. A strong addition to any investment portfolio with immediate returns and excellent long-term potential.

Home Facts

Multi-Family

5 Baths

4 Bedrooms

Built in 1910

Subdivision & Development:

None

Price Summary

250,000

$86 per Sq. Ft.

MLS #:

202606198

Sold:

April 13, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

4

Interior

Living Area:

2,904 Sq. Ft.


Structure

Structure

Architectural Style:

One and Half Story

Building Area:

3,872 Sq. Ft.

Year Built:

1910


Lot

Lot Size (Sq. Ft):

7,841


Finances & Disclosures

Finances

Price:

$250,000

Price per Sq. Ft:

$86 per Sq. Ft.

Source:Indiana Regional MLS
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.