Map of Property

Multifamily Portfolio

401 E 5th St, Ligonier, IN 46767

  • For Sale $560,000
  • Property Type Multi-Family
  • Property Size 4,709 SF
  • Units 3
  • Lot Size 2.68 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1900
  • Date Updated Sep 4, 2025
3 Parcel's TOTAL Acreage: 2.68 Zoning: R2 ( Medium Density Single-family Residential ) 1. 401 E 5th St, Ligonier, Indiana, 46767 Parcel Number: 57-01-27-100-120.000-014 Acreage: 0.22 SF: 1896 2. 309 5th St, Ligonier, Indiana, 46767 Parcel Number: 57-01-27-100-119.000-014 Acreage: 0.20 SF: 804 3. 505 Rear Smith St, Indiana, 46767 Parcel Number: 57-01-27-100-130.000-014 Acreage: 2.26 SF: 2009 Highest and Best Use: - Development Potential - Multifamily PortfolioThis prime investment opportunity located at 309 E. 5th St, 401 E. 5th St, and 505 Rear Smith St in Ligonier, IN offers a well-maintained 4,709 SF building divided into three income-generating units, ideal for investors looking to expand their multifamily or single-family rental portfolio. Zoned R2, the property supports flexible residential use and provides a strong potential return in a growing market. Positioned in a high-demand rental area, this property combines long-term value, steady cash flow, and tenant appeal, making it an excellent addition for savvy investors seeking a turnkey asset in a thriving community.
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Highlights

  • 1,896 SF building
  • 3 units
  • Desirable location
  • Great rental potential
  • Located in Ligonier
  • Multifamily / Single Family Rental Portfolio investment opportunity
  • Well-maintained property
  • Zoned R2

Contacts

broker
Ralph Compagnone

Allied Commercial

Location

Getting Around

  • Walk Score ®

    48/100 Car-Dependent

  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City Ligonier, IN
  • Zip Code 46767
  • Market Fort Wayne

Points of Interest

  • Casey's

    0.57 miles

  • Lassus Handy Dandy

    0.71 miles

  • McClure

    9.02 miles

  • Sunoco

    9.02 miles

  • Casey's General Store

    9.12 miles

  • Marathon

    9.54 miles

  • Frog Tavern Lot (Free Parking)

    9.10 miles

  • Bus Parking

    9.93 miles

  • Brick Ark Inn Bed & Breakfast

    9.42 miles

  • Aguascalientes Supermarket

    0.23 miles

  • La Michoacána

    0.26 miles

  • China Buffet

    0.31 miles

  • DQ Grill & Chill

    0.34 miles

  • Canton House

    0.38 miles

  • Burger King

    0.43 miles

  • McDonald's

    0.62 miles

  • Charger House

    0.71 miles

  • Subway

    0.72 miles

  • KFC;Taco Bell

    0.75 miles

  • West Noble Primary School

    0.50 miles

  • Perry Elementary School

    1.39 miles

  • West Noble High School

    2.44 miles

  • Cromwell Elementary School

    4.31 miles

  • Wawaka Elementary School

    5.18 miles

  • Juday School

    5.32 miles

  • Topeka Elementary School

    5.75 miles

  • York Center School

    6.52 miles

  • Walnut School

    7.13 miles

  • Millersburg Elementary School

    7.35 miles

Frequently Asked Questions

How much does Multifamily Portfolio cost?

The space currently listed for sale at Multifamily Portfolio asks for $560,000.

What is the total square footage of Multifamily Portfolio?

Multifamily Portfolio totals 4,709 square feet.

When was this property built?

Multifamily Portfolio was built in 1900.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Ralph Compagnone

Allied Commercial

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