Listing courtesy of Hallmark Excellence Realty · Listing agent: Gregory Hire · Cell: 574-238-7157

Virtual tour
ActiveTriplex

120 N 5Th Street

$275,000

$85.51 / sq ft

Est. $2,076/mo

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
Your loan

  • 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.
Change taxes, insurance and more in the full calculator

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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

Location

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$275,000

2 beds · 3 baths