$495,000
342 Lincoln Highway
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)
Enter New Haven from Fort Wayne, and veer left on to Lincoln Hwy, property down the street about 1.5 mile on the right hand side.
Map to 342 Lincoln Highway, New Haven, IN 46774
MLS #
202514352
Date Listed
2025-04-22
Status
Active
Property Type
Investment
Property SubType
Apartment Complex
Square Feet
4561 sqft
New Construction
No
Style
Two Story
Type
Apartment Complex
Bedrooms
14
Bathrooms
12
(10 Full, 2 Half)
Year Taxes Payable
2025
Year Built
1955
Virtual Tour
propertypanorama.com »
Days on Market
3
Room Dimensions
Living Room
1 × 1
Level
5th Bedroom
10 × 2
Level
Loft
2 × 0
Level
Bathroom Locations
Full Baths
14 Main
External Features
Construction
Apartment Complex
Lot Size
2,047,320 sq ft
Acreage
47.00 Acres
Lot Dimensions
.47 Acre
Out Buildings
Shed
Fence
None
Location
Area
Allen County
County
Allen
Subdivision
Other
Township
Adams
City
New Haven
State
IN
Zip
46774
Schools
School District
East Allen County
Elementary
New Haven
Middle School
New Haven
High School
New Haven
Financial
Assoc. Dues
$0.00 Not Applicable
| MLS # | 202514352 |
|---|---|
| Date Listed | 2025-04-22 |
| Status | Active |
| Property Type | Investment |
| Property SubType | Apartment Complex |
| Square Feet | 4561 sqft |
| New Construction | No |
| Style | Two Story |
| Type | Apartment Complex |
| Bedrooms | 14 |
| Bathrooms | 12 (10 Full, 2 Half) |
| Year Taxes Payable | 2025 |
| Year Built | 1955 |
| Virtual Tour | propertypanorama.com » |
| Days on Market | 3 |
| Living Room | 1 × 1 | Level |
| 5th Bedroom | 10 × 2 | Level |
| Loft | 2 × 0 | Level |
| Full Baths | 14 Main |
| Construction | Apartment Complex |
|---|---|
| Lot Size | 2,047,320 sq ft |
| Acreage | 47.00 Acres |
| Lot Dimensions | .47 Acre |
| Out Buildings | Shed |
| Fence | None |
| Area | Allen County |
|---|---|
| County | Allen |
| Subdivision | Other |
| Township | Adams |
| City | New Haven |
| State | IN |
| Zip | 46774 |
| School District | East Allen County |
|---|---|
| Elementary | New Haven |
| Middle School | New Haven |
| High School | New Haven |
| Assoc. Dues | $0.00 Not Applicable |
|---|
MLS# 202514352
IDX information provided by the Indiana Regional MLS.
IDX information is provided exclusively for 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.
Listing Provided Courtesy of Harrison Bolyard
CENTURY 21 Bradley Realty, Inc
Cell: 574-238-0777
Listing updated April 24, 2025 at 4:46 pm
Last checked 16 minutes ago
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