Listing courtesy of Hallmark Excellence Realty · Listing agent: Gregory Hire · Cell: 574-238-7157
120 N 5Th Street
Goshen, IN 46528-3202
Original price $285,000 · Price reduced on August 21, 2026
- Basement
- Bedrooms
- 2
- Bathrooms
- 3
- Living area
- 3,216 sq ft
- Lot
- 0.12 ac
- Year built
- 1900
- Type
- Triplex
- Listed
- July 29, 2026
- MLS #
- 202630691
About this home
Investment Opportunity – Mixed-Use B-2 Zoned Property in Goshen Opportunity awaits with this mixed-use commercial property offering multiple income possibilities. Zoned B-2, the building features approximately three separate spaces consisting of a main-level office and two upper-level one-bedroom apartments, each with its own private entrance. The main floor office includes a welcoming reception/work area, a fireplace, two half baths, and central air conditioning. The upper level consists of two one-bedroom, one-bath apartments, each with a full bath featuring a shower. The apartments are currently without kitchen appliances, allowing a new owner to customize as desired. The building is heated by a hot water boiler system located in the basement. The office space is air conditioned, while the upstairs apartments do not currently have air conditioning; window units could be installed if desired. The property has not been leased or occupied for the past several years, providing a blank slate for renovation, updates, and future occupancy. Whether you're looking for office space with residential units above or an investment property with value-add potential, this B-2 zoned building offers flexibility and opportunity in a convenient Goshen location.
Monthly payment estimate
$2,076/mo
- Principal & interest
- $1,505
- Property taxes
- $491
- Homeowners insurance
- $80
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2026 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- Two
- Stories
- 2
- Total area
- 3,842 sq ft
- Finished area above grade
- 3,216 sq ft
- Unfinished area below grade
- 626 sq ft
- Main level
- 1,956 sq ft
- Upper level
- 1,260 sq ft
- Below grade total
- 626 sq ft
- Bedrooms above grade
- 2
- Basement
- Partial, Michigan Basement, Unfinished
- Flooring
- Carpet, Wood, Vinyl
- Heating
- Natural Gas, Hot Water
- Cooling
- Multiple Cooling Units
- Amenities
- Basement, Fireplace, Attic Storage, Attic-Walk-up, Built-In Bookcase, Ceiling-9+, Foyer Entry, Porch Covered, Six Panel Doors, Water Heater Gas
Exterior & parking
- Style
- Traditional
- Construction
- Aluminum Siding, Masonry
- Roof
- Asphalt
- Foundation
- Brick/Mortar, Stone
- Parking
- Public Parking
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Historic Designation
- Lot size (acres)
- 0.12 ac
- Lot dimensions
- 56X90
- Location type
- City/Town/Suburb
- County
- Elkhart County
- Township
- Elkhart
- Road frontage
- City Street
- Road surface
- Asphalt
- Platted
- Yes
- Planned unit development
- No
- Directions
- 5th street to property
Schools
- Elementary school
- Chamberlain
- Middle school
- Goshen
- High school
- Goshen
- School district
- Goshen Community Schools
Taxes & terms
- Annual taxes
- $5,888
- Tax year
- 2026
- Assessed value
- $247,600
- Listing terms
- Cash, Conventional
- Possession
- Closing
- Parcel number
- 20-11-09-426-002.000-015
Included in the sale
- Included in sale
- Building
Utilities
- Water
- City
- Sewer
- Public Sewer
- Electric provider
- NIPSCO
- Gas provider
- NIPSCO
Income & commercial
- Units
- 3
- Buildings
- 1
- Net operating income
- -$13,138
- Pets allowed
- No
- Electric meters
- 1
- Gas meters
- 1
- Water meters
- 1
- Insurance (annual)
- $3,000
- Maintenance (annual)
- $3,500