Multi-family dwelling with 12 seperate units. 8 Studio apartments, currently all leased and under a 1 year lease. (9th unit possible to upgrade) 3 total units in front building, with 2 being apartments and 1 being a commercial space like a hair, nail, tax office and can be converted to a 2 bedroom apartment. The 2 apartments are under leases, with one unit being a 2 bed 1 bath, and one being 3 bed 1.5 baths. Great money making opportunity for an investor, currently bringing in around 6,000 dollars per month in rent. THIS PROPERTY EXCEEDS THE 1% RULE! Get it quick while it is available! Currently under professional property management and manager is willing to stay on and manage for the new buyer! (All room dimensions are estimates)
Active
$495,000
342 Lincoln Hwy E, New Haven, IN 46774
14beds
4,561sqft
Est.:
Apartment Complex
Built in 1955
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Commercial spaceStudio apartments
- 2 days
- on Zillow |
- 328 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 01:38pm
Listed by:
Harrison Bolyard Cell:574-238-0777,
CENTURY 21 Bradley Realty, Inc
Source: IRMLS,MLS#: 202514352

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 12
- Full bathrooms: 10
- 1/2 bathrooms: 2
Heating
- Baseboard, Multiple Heating Systems
Cooling
- Wall Unit(s), Multi Units
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Vinyl Tile
- Has basement: No
Interior area
- Total structure area: 4,705
- Total interior livable area: 4,561 sqft
- Finished area above ground: 4,561
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 15
Features
- Levels: Two
- Stories: 2
Lot
- Size: 47 Acres
- Features: Irregular Lot
Details
- Additional structures: Shed(s)
- Parcel number: 021311403002.000041
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment Complex
Materials
- Aluminum Siding, Wood Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: Other
Location
- Region: New Haven
Financial & listing details
- Annual tax amount: $6,042
- Date on market: 4/24/2025
- Inclusions: Building, Land, Lease
- Lease term: 12 Months
- Total actual rent: 72660
- Tenant pays: Cable TV
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