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$155,000
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Property Description
Well-maintained all-brick triplex offering an excellent turnkey investment opportunity. This income-producing property features a newer roof and a desirable unit mix with two one-bedroom units and one spacious two-bedroom unit. All units are currently rented, providing immediate cash flow for the next owner. Solid construction, strong rental appeal, and low-maintenance exterior make this a smart addition to any portfolio. A great opportunity for investors seeking a stable, fully occupied property. Owner pays sewer, trash, water and gas. Tenant pays electric.
Full Property Details
Full Property Details for 338 N Olive St
General
- Sold For: $155,000
- Taxes: $1,561 (2025)
- Status: Closed
- Type: Multi-Family
- Source: Indiana_Regional_MLS
- MLS ID: 202549059
- Added to Site: 78 day(s) ago
Interior
- Flooring: Carpet, Laminate
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 2
Exterior
- Exterior Features: Brick
- Color: Brick
Parking
- Parking: Off Street, Street
Location
- Subdivision: 132X58
- Neighborhood: St. Joseph County
- Driving Directions: Kenwood to Olive
School Information
- Elementary School: South Bend Community School Corp
- Middle School: Dickinson
- High School: Washington
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas, Forced Air
- Heating Fuel: Gas, Forced Air
- Water Heaters: 900
Utilities
- Sewer: City
- # Gas Meters: 4
Structural Information
- Architectural Style: Two Story
- Exterior Const.: Brick
- Basement: Yes
- Basement Entrance: 46628
- Roof: Asphalt
- Stories/Levels: 2
- Finished Above Grnd: 2,450 Sq. Ft.
- Year Built: 1938
Unit Information
- Units in Building: 3
- 2 Bedroom Units: 1
Unit 1
- Level: Main
Unit 2
- Total Bathrooms: 4
- Bedrooms: 1
Unit 3
- Unit Description: Greater South Bend-Mishawaka AOR
- Square Feet: 2450
- Bedrooms: 1225
Unit 6
- Bedrooms: 3
Unit 7
- Total Rooms: 5
Unit 8
- Total Bathrooms: 1
- Bedrooms: 525
Lot Features
- Lot Size (Acres): 0.18
- Lot Size (Sq. Ft.): 7,656
- Lot Description: Corner, Irregular
Financial Considerations
- Price Per Sq. Ft.: $63.27
- Assoc Fee Freq.: Not Applicable
- Tax Amount: $1,561
- Tax Year: 2025
- Terms: Well-maintained all-brick triplex offering an excellent turnkey investment opportunity. This income-producing property features a newer roof and a desirable unit mix with two one-bedroom units and one spacious two-bedroom unit. All units are currently rented, providing immediate cash flow for the next owner. Solid construction, strong rental appeal, and low-maintenance exterior make this a smart addition to any portfolio. A great opportunity for investors seeking a stable, fully occupied propert
Listed by Re/Max 100, Julia Robbins
SUNRISE Realty
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Schools
Schools serving 338 N Olive St
School District:South Bend Community School Corporation
| Name | Grades | Distance |
|---|---|---|
Harrison Elementary School, South Bend, IN 3302 Western Avenue, South Bend, IN 46619 | K-5 | 0.8 mi |
Dickinson Fine Arts Academy 4404 Elwood Avenue, South Bend, IN 46628 | 6-8 | 1.6 mi |
Washington High School, South Bend, IN 4747 West Washington Street, South Bend, IN 46619 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 338 N Olive St
Date
Details
Price
Change
Source
1/30/2026
Sold
$155,000
-3.12%
MLS
12/15/2025
Listed
$160,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
338 N Olive Street, South Bend, IN 46628 (MLS# 202549059) is a Multi-Family property that was sold at $155,000 on January 30, 2026. Want to learn more about 338 N Olive Street? Do you have questions about finding other Multi-Family real estate for sale in South Bend? You can browse all South Bend real estate or contact a Coldwell Banker agent to request more information.

