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    Elwood, IN Apartment Buildings for Sale

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    Multifamily Apartment Community
    Updated: Mar 30
    Multifamily Apartment Community

    3033 S P St, Elwood, IN 46036

    $2,900,000
    Pine Grove Apartments is a 42‑unit multifamily community in Elwood, IN.
    Unit mix includes 8 two‑bed/one‑bath, 27 one‑bed/one‑bath, and 7 studios.
    Seven single‑story buildings totaling 25,768 sq. ft. on a 4.45‑acre lot.
    Built in 1982 with consistent occupancy.
    Tenants pay electric utilities, supporting stable operating structure.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Elwood, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Fully Occupied 7-Unit Apartment
    Fully Occupied 7-Unit Apartment

    1615 Main Street, Anderson, IN 46016

    $309,000
    3,360 sqft

    Seven units are fully occupied, generating over $5,000 in monthly gross income, with renovations completed in the last two years.

    View details
    Northeast Indiana Multifamily Portfolio
    Northeast Indiana Multifamily Portfolio

    1511 W 31st St, Marion, IN 46953

    $17,160,000
    40,200 sqft

    Age-restricted apartment communities in Marion, Ossian, and Kendallville, Indiana.

    View details
    Fourplex with Rear 3BR Unit
    Fourplex with Rear 3BR Unit

    714 W Cross Street, Anderson, IN 46011

    $375,000
    0.41 AC lot

    Fully occupied five-unit rental setup with four 2-bedroom units plus a separate 3-bedroom, 2-bath rear unit.

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    Three-Story Multifamily Apartment Building
    Three-Story Multifamily Apartment Building

    2116 W. 2nd Street, Marion, IN 46952

    Contact for pricing

    Turtle Creek Apartments is a 130-unit property with studio, one- and two-bedroom residences and keyed building access.

    View details

    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.

    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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    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.

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    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.

    View details
    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

    View details

    Elwood, IN Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Elwood, IN on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $2,900,000.

    Sale prices for two-family homes in Elwood, IN start at $2,900,000, averaging $2,900,000, and reaching up to $2,900,000 — 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 11K
    Population Growth (5Y) -5.4%
    Median Household Income $59,082
    College Educated 14.2%

    Taxes & Financing

    Tax Rate (average for all types) 2.82%
    Property Tax per SF $43.44 per SF
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Madison County

    New Delisted

    Total CRE Inventory on Market (SF)

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