1518 Lincoln Way W, South Bend, IN 46628

$199,900
4
BD
4
BA
4,284
SqFt

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Listing courtesy of Stephen DiJulius from St. Joseph Realty Group.

List Price
$199,900
Status
CLOSED
MLS#
202600833
Closing Date
Apr 03, 2026
Bedrooms
4
Total # Full Baths
4
Subdivision
Pleasant Homes
Year Built
1928

Property Description

Investor opportunity! Well-maintained fully occupied 4-plex in Northwest South Bend offering stable in-place income with upside through rent optimization. All units are 1 bed / 1 bath on 1-year leases, making this a clean, scalable portfolio addition. Current gross rents approx. $2,925/month, with below-market rents and a strong rental history showing prior rents as high as $900–$1,100/month, providing clear room for growth. The property has been consistently maintained and does not require major rehab, allowing a new owner to step in without heavy capital expenditures. Located on a high-visibility corridor in a working-class pocket of Northwest South Bend, this asset is well suited for investors focused on cash flow, workforce housing, and portfolio growth. A large off-street parking lot adds meaningful tenant appeal and long-term stability. Seller is completing minor common-area improvements, including a window replacement and fresh paint.

Additional Information

County
St. Joseph
Township
Portage
School District
South Bend Community School Corp.
Basement/Foundation
Slab
Acres
0.10
Water
City
Sewer
Public Sewer
Heating
Forced Air
Cooling
Central Air
Taxes
$1,954
High School
Riley
Middle School
Clay
Elementary School
Madison
Property SubType
Residential Income

Listings courtesy of Indiana Regional MLS as distributed by MLS GRID.


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