Listing courtesy of McKinnies Realty, LLC Elkhart · Listing agent: Jennea Schirr · Cell: 574-215-9291

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PendingDuplex

823-821 W 3rd Street

$149,900

$76.64 / sq ft

Mishawaka, IN 46544Col John Smith

  • Basement
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Bedrooms
5
Bathrooms
2
Living area
1,956 sq ft
Lot
0.05 ac
Year built
1900
Type
Duplex
Listed
September 16, 2026
MLS #
202638406

About this home

Great investment opportunity in Mishawaka! 821 & 823 W. 3rd Street offer a solid income-producing property in good condition throughout and ready for its next owner. This property provides a great opportunity for investors looking to add to their rental portfolio or for an owner-occupant looking to offset expenses with rental income. Conveniently located near shopping, restaurants, schools, parks, and everyday amenities, making it an easy and desirable location for tenants. Well-maintained and easy to rent, this is a great opportunity to own a versatile property in an established Mishawaka neighborhood. Whether you’re expanding your investment portfolio or just getting started, this one is worth a look! One unit was not rented due to seller thinking of selling. So income is not accurate

Property details

Interior

Levels
One and One Half
Stories
1
Total area
3,208 sq ft
Finished area above grade
1,956 sq ft
Unfinished area below grade
1,252 sq ft
Below grade total
1,252 sq ft
Bedrooms above grade
5
Basement
Partial
Flooring
Vinyl
Heating
Natural Gas, Forced Air
Cooling
Central Air
Amenities
Basement, Off Street Parking, Storage, Eat-In Kitchen, Washer Hook-Up

Exterior & parking

Construction
Brick, Wood Siding
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Subdivision
Col John Smith
Lot features
0-2.9999
Lot size (acres)
0.05 ac
Lot dimensions
42x49
County
St. Joseph County
Township
Penn
Platted
Yes
Planned unit development
No
Directions
W Lincolnway to W 3rd duplex on corner of 3rd and Smith

Schools

Elementary school
Lasalle
Middle school
John Young
High school
Mishawaka
School district
School City of Mishawaka

Taxes & terms

Annual taxes
$2,823
Tax year
2026
Assessed value
$122,200
Possession
TBA by PA
Parcel number
71-09-16-183-001.000-023

Included in the sale

Included in sale
Building,Land

Utilities

Water
City
Sewer
Public Sewer

Income & commercial

Units
2
Annual gross rent
$24,000
Net operating income
$13,309
Parking spaces
2
Pets allowed
No
Tenant pays
Cooling, Electricity, Heat, Sewer, Trash Collection, Water
Insurance (annual)
$1,318
Water & sewer (annual)
$943
Electric (annual)
$943
Fuel (annual)
$271
Maintenance (annual)
$4,393

Location

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$149,900

5 beds · 2 baths