REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Monica Proenza

monica.proenza@exprealty.com +1(812) 558-6941

Listed by Amy Warner • Berkshire Hathaway Home Services Elk2 • Cell: 574-596-6856

$ 240,000

Est. payment -/mo

Save Virtual Tour

New

402 W Mishawaka Avenue Mishawaka, IN 46545

4 Beds

4 Baths

3,252 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,252 sqft

MLS Listing ID 202635447

Style Two and Half Story

Bedrooms 4

Full Baths 3

Half Baths 1

Abv Grd Liv Area 3,252

Total Fin. Sqft 3252

Year Built 1890

Tax Year 2026

Lot Size 5,140 Sqft

Property Sub-Type Fourplex

Property Description

Rare prime investment opportunity directly on the bustling Mishawaka Avenue corridor, situated right across from the scenic Riverwalk! This heavily trafficked, central location offers incredible visibility for the commercial space and unbeatable convenience for residential tenants who want to be minutes from dining, shopping, and major roadways. This versatile mixed-use property features four income-generating spaces, including three residential apartments and one storefront. The first one-bedroom apartment is vacant, fully turned, and completely move-in ready for an immediate tenant, featuring updates like a brand-new shower base and recently replaced appliances. The spacious two-bedroom apartment has been thoroughly cleaned and only needs a few final finishing touches before hitting the market. The second one-bedroom unit is rented, currently tenant-occupied at $900 per month on a lease through February 2027. Completing the building is a prominent commercial space with high-visibility frontage along Mishawaka Avenue, ideal for a local business, professional office, or retail shop looking to capitalize on high foot and vehicle traffic right near the river. Utilities are currently not separately metered across the units, however, the potential to sub-meter in the future and further increase net operating income is there. Parking is available for both residents and clients, featuring a one-stall detached garage with a front driveway, street parking, as well as an additional rear parking area located right in front of Unit A. Whether you are looking to owner-occupy and rent out the remaining units, or expand your portfolio with a strong, multi-stream asset in a central location where everything is just a short drive away, this property delivers immediate income and unmatched long-term appreciation potential. Opportunities with this level of location quality and value-add versatility rarely come to market.

Location

State IN

County St. Joseph County

Area St. Joseph County

Direction On the corner of Mishawaka Ave and Liberty Rd.

Rooms

Dining Room 0 x 900

Interior

Flooring Carpet, Wood, Vinyl

Appliance Building, Land, Lease

Laundry , 3

Exterior

Garage Spaces 1.0

Fence None

Amenities Available Basement, Ceiling Fan, Off Street Parking, Near Walking Trail, Water Heater Gas

Roof Type Rolled,Shingle

Total Parking Spaces 3

Building

Lot Description Corner

Story 2.5

Structure Type Aluminum,Brick

New Construction No

Schools

Elementary Schools Battell

Middle Schools John Young

High Schools Mishawaka

School District School City Of Mishawaka

Others

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202635447

Nearby Locations

GET MORE INFORMATION

Name

Phone*

Email*

Message