New Haven, IN 46774 342 Lincoln Highway

$495,000

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Presented By: Harrison Bolyard with CENTURY 21 Bradley Realty, Inc; Cell: 574-238-0777
  • MLS# 202514352
  • 04/22/2025
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  • Beds • 5
  • Full/Half Baths • 10 / 2
  • SQFT • 4,561

Home Details

Multi-family dwelling with 12 seperate units. 8 Studio apartments, currently all leased and under a 1 year lease. (9th unit possible to upgrade) 3 total units in front building, with 2 being apartments and 1 being a commercial space like a hair, nail, tax office and can be converted to a 2 bedroom apartment. The 2 apartments are under leases, with one unit being a 2 bed 1 bath, and one being 3 bed 1.5 baths. Great money making opportunity for an investor, currently bringing in around 6,000 dollars per month in rent. THIS PROPERTY EXCEEDS THE 1% RULE! Get it quick while it is available! Currently under professional property management and manager is willing to stay on and manage for the new buyer! (All room dimensions are estimates)
Presented By: Harrison Bolyard with CENTURY 21 Bradley Realty, Inc; Cell: 574-238-0777

Interior Features for 342 Lincoln Highway

Bedrooms

Num. of 1 Bedrooms0
Num. of 2 Bedrooms1
Num. of 3 Bedrooms1
Num. of 4 Bedrooms
Above Grade Bedrooms14
Beds14
Below Grade Bedrooms

Bathrooms

Below Grade Baths

Other Interior Features

Total Finished SqFt4561
Basement Y/NNo
Above Grade Finished SqFt4561
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt0
Num. of Efficiencies8
BasementSlab
Dishwasher(s)0
Disposal(s)2
Dryer(s)
FlooringCarpet, Vinyl Tile
Microwaves
Ranges/Ovens2
Refrigerators10
Total Number of Units11
W/D Hookups2
Washers

Other Rooms

Total Rooms Below Grade

General for 342 Lincoln Highway

# of Buildings2
Age70
Agent First NameHarrison
Agent Last NameBolyard
Annual Electric Expense12000
Annual Fuel Expense7000
Annual Insurance Expense
Annual Trash Expense3500
AreaAllen County
Assoc. Dues FrequencyNot Applicable
Associated Document Count
Auction Y/NNo
Bathrooms12
CityNew Haven
ClassINVESTMENT
CoolingWall AC, Multiple Cooling Units
DOM7
Elementary SchoolNew Haven
FIPS Code18003
FeaturesWater Heater Gas
Full Baths10
Half Baths2
HeatingBaseboard, Multiple Heating Systems
High SchoolNew Haven
Inside City LimitsYes
Legal DescriptionN 137FT S of LHY of W 150 of E 244FT W of LOT 1 Begues Sec 11
Middle SchoolNew Haven
Net Income35117.09
New ConstructionNo
OwnerPaysElectric, Heating, Water
Pet Restrictions Y/NNo
REONo
Rent Income72660
School DistrictEast Allen County
SewerCity
StatusActive
StatusActive
Status Detail0
Stories2
StyleTwo Story
SubdivisionOther
Tax Year2025
Tenant PaysCable
Total Sq Ft4561
TownshipAdams
TypeApartment Complex
Virtual TourClick here
Year Built1955

Exterior for 342 Lincoln Highway

Approx. Lot Size Acres47
ExteriorAluminum, Wood
Lot DescriptionIrregular
Lot Dimensions.47 Acre
Lot Size Area2047320
Number of Parking Spaces15
OutbuildingShed
Outbuilding SqFt144
PoolNo
Waterfront Y/NNo

Additional Details

Price History

Schools

High School New Haven High School
Middle School New Haven Middle School
Elementary School New Haven Elementary School

Kallie Fuller

Real Estate Broker
Price $495,000
MLS#202514352
List Date 04/22/2025
Property Type Multi-Family
Phone (219) 252-2384
Get pre-approved
Request Tour
Request Info
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