Listing courtesy of Weichert Rltrs-J.Dunfee&Assoc. · Listing agent: Rachel Prillwitz

Virtual tour
ActiveTriplex

602 N Frances Street

$650,000

$238.80 / sq ft

Est. $3,947/mo

South Bend, IN 46617-2077

  • Basement
Bedrooms
6
Bathrooms
4
Living area
2,722 sq ft
Lot
0.08 ac
Year built
1929
Type
Triplex
Listed
September 15, 2026
MLS #
202638138

About this home

**BACK ON MARKET AT NO FAULT OF SELLER. Appraised for higher than purchase price but there were challenges with lender.**Rare fully renovated triplex less than a to mile Notre Dame - offering exceptional short-term rental potential in a rapidly developing, high-growth area. This turnkey investment features three versatile units—a 1 bedroom/1 bath, a 2 bedroom/1 bath, and an expansive 1,300+ sq. ft. 3 bedroom/2 bath second-story unit with full living and dining rooms. The property has been completely updated inside and out with new exterior paint, roof, soffits, fascia, gutters, lighting, concrete patio, fenced yard, and gas fire pit on a timer. Major mechanicals have been updated as well, including all new AC units installed in 2022, water heaters replaced within the last five years, furnaces within the last six years. The main floor was fully gutted in 2022 with new drywall, windows, flooring, redesigned kitchens with granite countertops, new cabinets, appliances, tile, lighting, and fully updated bathrooms. The upstairs was renovated in 2025, adding a second full bathroom, expanding the kitchen, and installing new cabinets, appliances, butcher-block countertops, tile flooring, and updated fixtures. A full basement provides ideal storage plus a washer and dryer to support efficient short term rental turnover. A portion of the lot offers potential for added parking or a secondary building, enhancing future rental income possibilities. With steady cash flow, flexible unit layouts, and comprehensive renovations already completed, this property is ready to generate income for an investor from day one. Listing agent has financial interest in property.

Monthly payment estimate

$3,947/mo

Principal & interest
$3,558
Property taxes
$199
Homeowners insurance
$190
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.
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Property details

Interior

Levels
Two
Stories
2
Total area
4,083 sq ft
Finished area above grade
2,722 sq ft
Unfinished area below grade
1,361 sq ft
Main level
1,361 sq ft
Upper level
1,361 sq ft
Below grade total
1,361 sq ft
Bedrooms above grade
6
Basement
Full, Unfinished
Flooring
Carpet, Tile, Vinyl
Heating
Natural Gas, Forced Air
Cooling
Central Air
Amenities
Basement, Ceiling Fan, Fenced Yard, Storage, Countertops-Stone, Detector-Smoke, Firepit, Open Floor Plan, Patio Open, Pocket Doors, Water Heater Gas

Exterior & parking

Construction
Brick
Roof
Shingle
Parking
Public Parking, On Street
Private pool
No
Fencing
Full, Privacy, Wood
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot features
Corner Lot, 0-2.9999
Lot size (acres)
0.08 ac
Lot dimensions
27X130
Location type
Near College Campus
County
St. Joseph County
Township
Portage
Lots
1
Platted
Yes
Planned unit development
No
Directions
From N Eddy Street, West on Sorin Street, Property is on corner of Sorin and N Frances.

Schools

Elementary school
Nuner
Middle school
Jefferson
High school
Adams
School district
South Bend Community School Corp.

HOA & community

Community amenities
Sidewalks

Taxes & terms

Annual taxes
$2,386
Tax year
2026
Assessed value
$102,600
Tax exemptions
No Exemptions
Listing terms
Cash, Conventional
Possession
closing
Parcel number
71-08-01-432-027.000-026

Included in the sale

Included in sale
Building,Land

Utilities

Water
City
Sewer
Public Sewer
Water provider
South Bend Municipal Util

Income & commercial

Units
3
Annual gross rent
$69,634
Net operating income
$50,208
Lease term
Negotiable
Pets allowed
Yes
Tenant pays
Deposit
Electric meters
2
Gas meters
2
Water meters
2
Insurance (annual)
$4,697
Water & sewer (annual)
$1,246
Electric (annual)
$2,620
Fuel (annual)
$1,703
Maintenance (annual)
$6,775

Location

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