Twitter
Facebook
Email
Listed with Richard Rutledge, Trueblood Real Estate, LLC., Cell: 260-267-8220
|
Investor opportunity in the heart of Kendallville! This fully leased duplex delivers strong, immediate cash flow with $20,065 in annual gross rental income and a desirable 10% cap rate. Both units are secured with leases extending through October 1, 2027, providing an established income stream for the next owner. Unit #1 tenants pay their own electric and gas, while the owner pays water and trash; the owner currently covers all utilities for Unit 2 that is fully furnished and leased for $1400/mo. Situated on a desirable corner lot, the property offers plenty of off-street parking plus additional street parking. Located just blocks from downtown Kendallville, tenants enjoy convenient access to local shopping, restaurants, and downtown amenities. With both units occupied, long-term leases in place, and a strong 10% cap rate, this property offers an attractive addition to any investment portfolio. 48 hour tenant notice is required for all showings. All of the furniture in unit #2 is provided by the owner, and it does convey with the property.
| DAYS ON MARKET | 0 | LAST UPDATED | 9/18/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1960 |
| COUNTY | Noble | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| School District | East Noble Schools |
|---|---|
| Elementary School | South Side |
| Jr. High School | East Noble |
| High School | East Noble |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Dryer, Microwave, Range, Refrigerator, Washer |
| BASEMENT | Crawl Space, Unfinished, Yes |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Forced Air, Natural Gas |
| LOT | 7405 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 99X76 |
| PARKING | Gravel, Off Street, On Street |
| SEWER | Public Sewer |
| STYLE | Traditional |
| SUBDIVISION | None |
| TAXES | 2879.28 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
Listed with Richard Rutledge, Trueblood Real Estate, LLC., Cell: 260-267-8220
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 9/19/26 6:04 AM PDT
Walk Score provided by walkscore.com
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 9/19/26 6:04 AM PDT
Walk Score provided by walkscore.com
This IDX solution is (c) Diverse Solutions 2026.
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Rachel
Henry to contact you even if your name is on a Federal or State
"Do not call List".