Located just minutes from the University of Notre Dame, 502 N Arthur St presents a compelling investment opportunity in one of South Bend's most consistently performing rental corridors. Offered at $365,000, this well-positioned triplex benefits from strong in-place income, future upside, and proximity to ongoing growth along the Eddy Street Commons district. The property features three units: one spacious 3-bedroom, 2-bath unit and two 1-bedroom, 1-bath units. Tenants pay their own electric, helping keep operating expenses low. Two units are currently occupied, while the third (a 1 bed / 1 bath) was recently vacated on March 31 and previously rented for $1,000/month, offering immediate lease-up potential or flexibility for an owner-user. The property supports a market rent roll of approximately $3,200/month. This location is a major highlight?just a short distance to Notre Dame's campus, making it highly attractive to students, faculty, and local renters. Additionally, the continued expansion and investment along Eddy Street Commons?featuring retail, dining, office, and residential development?has transformed the area into a vibrant, walkable hub and continues to drive rental demand and property appreciation.
Listed By
Broker Name: Tiffany Group Real Estate Advisors LLC
Agent Name: Tyler Glenn
Broker Phone: 574-252-4111
Shown By
Broker Title: Cressy & Everett Real Estate
Broker Phone:
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Estimated Payment
$ 1,913.86 per month $1,807.40 Principal & Interest $0.00 Property Tax (data not provided by mls) $106.46 Homeowner's InsuranceSend an email with a link to
502 N Arthur Street, South Bend, IN 46617.
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