502 N Arthur Street, South Bend, IN 46617
- $365,000
- 5
- BD
- 4
- BA
- 3,266
- SqFt
- List Price
- $365,000
- Status
- ACTIVE
- MLS#
- 202611767
- Days on Market
- 84
- Style
- Two Story
- Year Built
- 1915
- Days On Market
- 84
- Bedrooms
- 5
- Bathrooms
- 4
- Living Area
- 3,266
- Above grade
- 2209
- Township
- Portage
- Subdivision
- Happ & Tagger
Property Description
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.
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Additional Information
- Acres
- 0.08
- Taxes
- $8,401
- Exterior
- Vinyl
- Heating
- Electricity
- Cooling
- None
- Appliances
- Building, Land, Lease
- Flooring
- Laminate
- Amenities
- Off Street Parking, Porch Covered
- School District
- South Bend Community School Corp
- Elementary School
- Nuner
- Middle School
- Jefferson
- High School
- Adams
- Agent Name
- Tyler Glenn
Listing courtesy of Tyler Glenn from Tiffany Group Real Estate Advisors LLC. 574-252-4111
IDX information is provided by the Indiana Regional MLS and is exclusively for the consumers' personal, non-commercial use and 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.
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