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    Butler, IN Apartment Buildings for Sale

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    Six-Unit Apartment Building
    Updated: May 18
    Six-Unit Apartment Building

    501 N Broadway Street, Butler, IN 46721

    $260,000
    3,712 sqft 0.18 AC lot
    Six‑unit apartment building with two 2‑bedroom units and four 1‑bedroom units
    Each unit has a private full bathroom and a kitchen with refrigerator, stove, and cabinet storage
    Off‑street parking for up to six residents and shared laundry facility on site
    Vinyl siding exterior and metal roof (roof listed as shingle/asphalt)
    Detached garage for additional storage
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    Butler Multifamily Investment Opportunity
    Updated: May 19
    Butler Multifamily Investment Opportunity

    501 N Broadway Street, Butler, IN 46721

    $260,000
    3,712 sqft
    High cash flow potential with a cap rate of 10% or greater.
    Six‑unit apartment building with a mix of 2‑bedroom and 1‑bedroom units.
    Convenient location near downtown Butler and major employers.
    Low‑maintenance exterior with vinyl siding and metal roof.
    Tenants pay all utilities, maximizing owner profitability.
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    Renovated Multifamily Property in Butler
    Renovated Multifamily Property in Butler

    117 S Broadway St, Butler, IN 46721

    $785,000
    14,238 sqft 0.30 AC lot

    Recently renovated 18-unit multifamily property in North Butler, Indiana.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Downtown Butler Buildings For Sale
    Downtown Butler Buildings For Sale

    135-137 S Broadway St, Butler, IN

    $150,000
    21.41 AC lot

    Two downtown buildings with remodeling potential in Butler, Indiana.

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    Mixed-Use Property with Income Potential
    Mixed-Use Property with Income Potential

    230-232 S Bdwy St, Butler, IN

    $150,000
    6,505 sqft 0.28 AC lot

    Bar, ice cream parlor, and apartments in Butler, Indiana.

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    Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 5 Active listings in Butler, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic 5-Unit Apartment Building
    Historic 5-Unit Apartment Building

    1004 Delaware Avenue, Fort Wayne, IN 46805

    $425,000
    3,346 sqft 0.31 AC lot

    All-brick five-unit with a mix of two-bedroom, one-bedroom, and studio layouts plus shared laundry and parking.

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    All-Brick 5-Unit Apartment Building
    All-Brick 5-Unit Apartment Building

    1660 SAINT JOE Boulevard, Fort Wayne, IN 46805

    $499,000
    4,550 sqft 0.42 AC lot

    1951 all-brick income property with 2-bedroom units and both front and rear entrances in Fort Wayne.

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    6-Plex Apartment Building
    6-Plex Apartment Building

    208 E Van Buren Street, Columbia City, IN 46725

    $229,900
    3,754 sqft 0.26 AC lot

    Six fully occupied 1-bedroom units with convenient on-site parking and tenant-paid utilities.

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    Leased 6-Plex Rental Building
    Leased 6-Plex Rental Building

    4865 W US 30 Highway, Columbia City, IN 46725

    $349,000
    4,312 sqft 1.21 AC lot

    Two-building 6-plex with five 2-bedroom units and one 1-bedroom unit, all currently leased.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details

    Off-Market Properties in Butler, IN

    Consider similar Off-Market properties in Butler, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    124 Broadway St
    APARTMENT HOUSE (UNDER 5 UNITS)

    124 Broadway St, Butler, IN 46721-1304

    Value Estimation by Request
    3,174 sqft 0.05 AC lot
    View details
    504 Beech St
    APARTMENT HOUSE (UNDER 5 UNITS)

    504 Beech St, Butler, IN 46721-1182

    Value Estimation by Request
    2,656 sqft 0.39 AC lot
    View details
    508 Beech St
    APARTMENT HOUSE (UNDER 5 UNITS)

    508 Beech St, Butler, IN 46721-1181

    Value Estimation by Request
    2,656 sqft 0.39 AC lot
    View details
    133 Broadway St
    APARTMENT HOUSE (UNDER 5 UNITS)

    133 Broadway St, Butler, IN 46721-1303

    Value Estimation by Request
    3,660 sqft 0.06 AC lot
    View details
    117 Broadway St
    Multifamily properties

    117 Broadway St, Butler, IN 46721

    Value Estimation by Request
    0.30 AC lot
    View details
    207 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    207 Main St, Butler, IN 46721-1366

    Value Estimation by Request
    3,552 sqft 0.25 AC lot
    View details
    411 Liberty St
    APARTMENT HOUSE (UNDER 5 UNITS)

    411 Liberty St, Butler, IN 46721-1183

    Value Estimation by Request
    1,924 sqft 0.16 AC lot
    View details
    225 Broadway St
    APARTMENT HOUSE (UNDER 5 UNITS)

    225 Broadway St, Butler, IN 46721-1305

    Value Estimation by Request
    3,969 sqft 0.06 AC lot
    View details
    135 Broadway St
    APARTMENT HOUSE (UNDER 5 UNITS)

    135 Broadway St, Butler, IN 46721-1303

    Value Estimation by Request
    4,424 sqft 0.07 AC lot
    View details
    215 Broadway St
    APARTMENT HOUSE (UNDER 5 UNITS)

    215 Broadway St, Butler, IN 46721-1305

    Value Estimation by Request
    5,842 sqft 0.05 AC lot
    View details
    512 516th N Beech St
    APARTMENT HOUSE (UNDER 5 UNITS)

    512 516th N Beech St, Butler, IN 46721

    Value Estimation by Request
    2,656 sqft 0.93 AC lot
    View details

    Butler, IN Apartment Buildings Market Trends and Statistics

    Explore 16 apartment buildings for sale in Butler, IN, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 28,167 square feet of properties for sale, with an estimated market value of $1,455,000.

    Sale prices for two-family homes in Butler, IN start at $150,000, averaging $363,750, and reaching up to $785,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 4,890
    Population Growth (5Y) -1.8%
    Median Household Income $67,969
    College Educated 14.7%

    High-Yield Neighborhoods for Investment

    Identify Butler submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46721 $435K

    Taxes & Financing

    Tax Rate (average for all types) 1.50%
    Property Tax per SF $27.39 per SF
    Tax Rate vs County Average 0.31 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in DeKalb County

    New Delisted

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