




507 Prospect Street, Elkhart, IN, 46514-2618
Bedroom
6 Rooms
Bathroom
3 Baths
Square Foot
3636 Ft
Lot Size
0.23 Acres
*** Back on Market ... AT NO FAULT OF SELLER!!! *** This unique property features two separate residences on a single tax key: a charming single-story bungalow and a spacious two-story duplex. Each duplex unit offers two bedrooms and one full bath, total of three 2 bed 1 bath units, providing flexible living arrangements for an owner-occupant or an investor seeking strong rental returns. The main level of the duplex is occupied by a long-term tenant of over 20 years, offering immediate, stable rental income. Both the upper duplex unit and the bungalow have been recently updated, meaning minimal work is needed before moving in or renting out. Updates include new windows, flooring, HVAC systems, cabinetry, and refreshed baths. Live in the bungalow while the duplex helps pay your mortgage, or rent out all three units for excellent cash flow potential. A detached garage adds even more convenience and value. This rare and profitable property is in very good condition and truly a must-see—don’t miss your chance to own such a versatile investment! 509 prospect is listed as MLS#202538768 sqft is the three units combined. The bungalow is 784 sqft above and 364 sqft below
Contact Agent
Elkhart Expert Agent
Additional Listing Details:
133 days on HouseJet
Last Refresh: 02/23/2026 01:00:03 AM UTC
MLS #: 202541262
Copyright © 2026 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.
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Listing Agent
Jennea Schirr
License # RB14043735
McKinnies Realty, LLC
Phone: 574-271-3440