$1,425

closing credit¹

500 Middlebury St Elkhart, IN 46516

$120,000
0.2 acres
Multi-Family

Property details

About 500 Middlebury St

Don’t miss this incredible opportunity to add 5 buildings with 11 units to your portfolio, generating gross rents of approximately $7,000/month. Priced at $700,000, this package fits the 1% rule, making it an attractive investment. Some units have been freshly updated, adding further value to this deal. Addresses included: 420 Middlebury St., Elkhart 426 Middlebury St., Elkhart 500 Middlebury St., Elkhart 748 Monroe St., Elkhart 911 & 913 Princeton St., Elkhart (one building) Please Note: Due to a language barrier with tenants, showings will only be conducted after accepted offers. Please make your offer contingent on walkthroughs. Perfect for investors looking to expand their portfolio with a solid cash flow!

Highlights

Home typeTriplex
HeatingForced Air
StatusActive
(Back on Market)
CoolingCentral Air
Lot size0.24 Acres
Year built1886
MLS #202436625

Virtual tour

Summary

  • MLS Number: 202436625
  • Office Name: St. Joseph Realty Group
  • Listing Agent: Stephen DiJulius

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2025 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/10/2025, 1:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front facade

$120,000

500 Middlebury St

$1,425

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Apr 19, 2022
Home Sold
$434,500

Tax history

YearAssessmentProperty Tax
2023$117,100$2,385
2021$31,600$682
2019$33,900$744
2018$75,000$1,638
2017$75,000$1,642

History based on county public records data.

Nearby schools

3

Mary Beck Elementary School

Public District KG-6

0.4 mi

818 McDonald St

5

Roosevelt STEAM Academy

Public District KG-6

0.9 mi

201 W Wolf Ave

3

Beardsley Elementary School

Public District KG-6

1.1 mi

1027 McPherson St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $28,723. Residents of Elkhart, IN typically earn less than $<35k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

57%
<35k
41%
35k-100k
2%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

40%
Single, No Kids
31%
Single, with Kids
17%
Married, No Kids
12%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

28%
<11 yrs old
10%
12-17 yrs old
26%
18-34 yrs old
29%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • UFCUFC
  • Pro WrestlingPro Wrestling

Where do the neighbors shop?

  • BurlingtonBurlington
  • Family DollarFamily Dollar
  • Big LotsBig Lots

Where do the neighbors go to eat?

  • PopeyesPopeyes
  • Burger KingBurger King
  • Cicis PizzaCicis Pizza

What do the neighbors drive?

  • DodgeDodge
  • BuickBuick
  • PontiacPontiac

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Urban Adult ContemporaryUrban Adult Contemporary
  • Adult StandardsAdult Standards
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

Living in Elkhart, IN

About 500 Middlebury St

This home is located at 500 Middlebury St in Elkhart, IN and zip code 46516. This home, which was built in 1886, sits on a 0.24 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since September 21, 2024 and is currently priced at $120,000.

In January 2025 more than 14 listings in Elkhart, IN were sold above the asking price. During the same period more than 20 listings were sold at asking price, while more than 27 were sold below. In January 2025 in Elkhart, IN there were 5.1% less homes for sale than in December.

From Rocket Homes Real Estate and based on county public records data.

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