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Residential > House
Active
10/11/2025
List Price
$339,900$434/ft²

509 Prospect St
Elkhart, IN 46514

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  • 509 Prospect St, Elkhart, IN 46514 is a 2 bed, 1 bath, 784 ft² house built in 1880 on a 0.230 acre lot. This house is currently for sale for $339,900. The latest TopHap estimate of the house's value is $174,250.

    Property Valuations

    Latest estimates for 509 Prospect St based on TopHap automated valuation model (AVM).

    MLS Description

    The listing agent's description. Original Listing

    This unique property features two separate residences on a single tax key: a charming single-story bungalow and a spacious two-story duplex. Each duplex unit offers two bedrooms and one full bath, providing flexible living arrangements for an owner-occupant or an investor seeking strong rental returns. The main level of the duplex is occupied by a long-term tenant of over 20 years, offering immediate, stable rental income. Both the upper duplex unit and the bungalow have been recently updated, meaning minimal work is needed before moving in or renting out. Updates include new windows, flooring, HVAC systems, cabinetry, and refreshed baths. Live in the bungalow while the duplex helps pay your mortgage, or rent out all three units for excellent cash flow potential. A detached garage adds even more convenience and value. This rare and profitable property is in very good condition and truly a must-see—don’t miss your chance to own such a versatile investment!

    Listing Agents

    The listing agent for 509 Prospect St is Jennea Schirr.

    Current Ownership

    Information about the current owner(s).

    Property History

    509 Prospect St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

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    School Information

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    Neighborhood

    This property is located in Elkhart.

    Market Trends

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    Copyright © 2025 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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