SoldApr 3, 2026

Listed and Bought with Stephen DiJulius from St. Joseph Realty Group

Source: Indiana Regional MLS #202600833

1518 Lincoln Way West, South Bend, IN, 46628

$187,000

4
4
6
4284 sq. ft.
4356 sq. ft.

Duplex

30+ days on the market

Sold: Apr 3, 2026

What's around 1518 Lincoln Way West

About this property

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.

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Browse properties sold in nearby areas

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