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509 Prospect Street, Elkhart, IN 46514

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For Sale

$349,900

4 beds • 2 baths • 2,068 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $169.20
    Price per square foot

  • Basement
    Rooms

Explore this Property

This unique property offers two properties on one tax key a spacious two-story duplex plus a charming single bungalow home. Each unit features 2 bedrooms and 1 full bath, providing versatile living options for investors or owner-occupants. The main level of the duplex is already occupied by a long-term tenant of over 20 years, giving you immediate rental income! With properties in very good condition and minimal updates needed, you can move right in or start renting right away. Live in the ranch while the duplex pays your mortgage, or rent all three units for a strong cash flow opportunity. A detached garage adds even more value and convenience. This is truly a must-see to appreciate property don t miss your chance to own such a rare and profitable find! Since the upper level and single unit have been rehabbed current owner has not had renters ... So we do not have expenses at this time and the ROI is figured at the rental prices shown for each unit and is a guesstimate.
MLS# 202538768

Courtesy Of McKinnies Realty, LLC

(574) 271-3440

Property Features

  • Appliances
    Range
  • Architecture Style
    Other
  • Floor Covering
    Carpet, Laminate, Tile, Vinyl, Wood
  • Heating System
    Forced Air
  • Lot Size
    0.23 Acres
  • Rooms
    Basement

Map and Directions

Directions to 509 Prospect Street, Elkhart, IN 46514

Home seller CENTURY 21 Circle

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Circle

(574) 293-2121
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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
    $0
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 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. Information being provided is 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. Information being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.