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328 N State Street , 1-5

Kendallville, IN 46755
  • $365,000
  • STATUS: Sold
  • ON SITE: 376 Days
  • MLS #: 202540114
Sold - 01/26/2026
$365,000
SOLD - 01/26/2026
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,078
    SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
1870
County:
Area:

School Ratings & Info

Listing provided by Nicole Schnurr of Open Door Rentals and Real Est: .

Description

Investment Opportunity! Cash-Flowing 5-Plex in Kendallville! This purpose-built, five-unit property offers over 4,000 sq. ft. With all units currently rented, the building brings in $4,095 per month. Each unit is separately metered with split utilities. Most major components have been updated within the last 5–12 years, including the roof, siding, windows, doors, concrete walkways, water heaters, HVAC systems, and a new sewer line from building to the main with an exterior cleanout. All units have been fully renovated, and the property offers off-street parking behind the building. This is a rare opportunity to own a true multi-family income property with tenants already in place. Whether you’re expanding your portfolio or stepping into investment real estate with a strong performer, this 5-plex is a must-see!



© 2026 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Parker Team | Keller Williams Realty. Data last updated: 2026-10-15T22:28:01.237.

www.parkerteamhomes.com/homes/168504036
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328 N State Street , 1-5 Kendallville, IN 46755

  • Price: $370,000
  • Status: Sold
  • On Site: 376 Days
  • Updated: 7 min ago
  • MLS #: 202540114
0
Beds
0
Baths
0
½ Baths
0.25
Acres
4,078
SQFT
$0
$/SQFT
1870
Built
Neighborhood:
None
County:
Noble
Area:
Noble
Property Description
Investment Opportunity! Cash-Flowing 5-Plex in Kendallville! This purpose-built, five-unit property offers over 4,000 sq. ft. With all units currently rented, the building brings in $4,095 per month. Each unit is separately metered with split utilities. Most major components have been updated within the last 5–12 years, including the roof, siding, windows, doors, concrete walkways, water heaters, HVAC systems, and a new sewer line from building to the main with an exterior cleanout. All units have been fully renovated, and the property offers off-street parking behind the building. This is a rare opportunity to own a true multi-family income property with tenants already in place. Whether you’re expanding your portfolio or stepping into investment real estate with a strong performer, this 5-plex is a must-see!
Exterior Features

Construction Type1 Wood Frame Exterior Vinyl Fire Doors YN No Lot Dimensions 66x166 Parking GravelOff-StreetPrivate Parking Type Off Street Parking YN Yes Road Access City Roof Material Metal Security Light YN No Signs YN No Waterfront YN No

Interior Features

Basement Foundation Partial Basement Basement YN Yes Bldg1 Above Grd Sq Ft 4078 Bldg1 Below Grd Sq Ft 2400 Bldg1 Fin Office Sq Ft 0 Ceiling Height 0 Column Spacing 0 Cooling Central Air Flooring Laminate Heating Fuel BaseboardForced Air Interior Height 0 Interior Walls Drywall Special Features None Total Restrooms 5

Property Features

Annual Taxes 3349.94 Auction YN No Buildings 1 Burglar Alarm YN No Currently Leased YN Yes Documents Available Lease Enterprise Zone No Equipment YN No Fire Protection City For Sale Or Rent For Sale Ingress Egress Concrete Lease Available YN Yes Lease Term Remaining varies New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Property Sub Type House Reo YN No Sale Includes BuildingLandLease Sewer City Smoke Fire Alarm YN Yes Sprinkler System YN No Tax Abatement No Township Wayne Water Heater YN Yes Water Softener YN No Water Utility City Year Taxes Payable 2025

Listing provided by Nicole Schnurr of Open Door Rentals and Real Est: .

© 2026 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Parker Team | Keller Williams Realty.


© 2026 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Parker Team | Keller Williams Realty. Data last updated: 2026-10-15T22:28:01.237.

 
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Parker Team | Keller Williams Realty
3298 McCarty Lane Suite A
Lafayette IN, 47905
Listing provided by Nicole Schnurr of Open Door Rentals and Real Est: .