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1433 W Franklin Street, 
Elkhart, IN 46516

$250,000

4

Beds

5

Baths

2,904

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

Heidi Gaskill, Office: 574-293-1010

Berkshire Hathaway HomeServices Elkhart

Last updated:

March 1, 2026, 03:55 PM

MLS#

202606198

Source:

Indiana Regional MLS

About This Home

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.

Home Facts

Multi-Family

5 Baths

4 Bedrooms

Built in 1910

Price Summary

250,000

$86 per Sq. Ft.

MLS #:

202606198

Last Updated:

March 1, 2026, 03:55 PM

Added:

10 day(s) ago

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.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.