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  • $300,000

    813 W 3rd St, Mishawaka, IN 46544

    7beds
    3,109sqft
    : 
    Quadruplex
    Built in 1922
    -- sqft lot
    $286,800 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Income-Producing 4-Plex – Nearly $4,000/Month in Projected Rent! Investors, take note! This cash-flowing 4-plex is the perfect opportunity to add a high-performing property to your portfolio. With a total projected rent of $3,950 per month across four units, plus additional income potential from the 2-car garage and unfinished basement with laundry hookups, this property is an income-generating powerhouse! *Unit Breakdown: Unit 1: 3-bed, 1-bath – Projected Rent: $1,000/month; Unit 2: 1-bed, 1-bath – Projected Rent: $850/month; Unit 3: 2-bed, 1-bath – Projected Rent: $1,250/month; Unit 4: 1-bed, 1-bath – Projected Rent: $850/month. Property Features: Two units fully remodeled, ready for premium rents; Two units in decent shape, could use some TLC for added value; Separate electric meters for easy tenant management; 2-car garage – rent it out for extra income; Unfinished basement with laundry hookup – another revenue opportunity. With strong rental demand and value-add potential, this multi-family property is a smart investment whether you're looking for passive income or a long-term hold. Don't miss out—schedule your showing today!
    23 days
    on Zillow
    |
    1,271
    |
    90
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: April 04, 2025 at 08:47am

    Listed by:

    Adam Pendl Cell:574-532-2522,

    eXp Realty, LLC

    Source: IRMLS,MLS#: 202511079MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 813 W 3rd St.

    Next available tour time:Today at 2:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Natural Gas
    Cooling
    • None
    Features
    • Flooring: Carpet, Wood, Tile, Vinyl
    • Basement: Unfinished
    Interior area
    • Total structure area: 5,431
    • Total interior livable area: 3,109 sqft
    • Finished area above ground: 3,109
    • Finished area below ground: 0
    Video & virtual tour

    Property

    Parking
    • Total spaces: 4
    • Parking features: Attached
    • Attached garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Balcony
    Lot
    • Size: 7,405.2 Square Feet
    • Dimensions: 50X150
    • Features: Level
    Details
    • Additional structures: None
    • Parcel number: 710916183003.000023

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Vinyl Siding
    • Foundation: Basement
    Condition
    • New construction: No
    • Year built: 1922

    Utilities & green energy

    • Sewer: City
    • Water: City

    Community & HOA

    Community
    • Subdivision: None
    Location
    • Region: Mishawaka

    Financial & listing details

    • Tax assessed value: $194,500
    • Annual tax amount: $4,548
    • Date on market: 4/3/2025
    • Listing terms: Cash,Conventional,FHA,VA Loan,Other
    • Inclusions: Building, Land, Lease
    • Lease term: Month To Month
    • Total actual rent: 10800
    • Tenant pays: Electricity
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