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Single Family Residence in Elkhart, IN

507 Prospect Street, Elkhart, IN, 46514-2618

Description

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

Location
Contact Agent

Elkhart Expert Agent

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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