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Frankfort, IN Apartment Buildings for Sale

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Rehabbed 10-Unit Apartment Building
Updated: Jan 31
Rehabbed 10-Unit Apartment Building

350 North Main Street, Frankfort, IN 46041

$2,300,000
10,560 sqft
Fully rehabbed 10‑unit apartment building completed in 2023
17 total bedrooms and 14 total full baths across 3 one‑bedroom units and 7 two‑bedroom units
Central air with forced‑air heating; laminate flooring throughout
Each unit includes multiple appliances and laundry hookups: 10 dryers, 10 washers, 10 disposals, 10 microwaves, 10 dishwashers, 10 ranges/ovens, and 10 refrigerators
Brick exterior with off‑street parking
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Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 1 Active listings in Frankfort, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 9 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.

Renovated Five-Plex Apartment Building
Renovated Five-Plex Apartment Building

115 S 9th Street, Lafayette, IN 47905

$419,900
4,094 sqft 0.24 AC lot

Fully rented five-unit building with renovations completed within the past four years, located near downtown Lafayette.

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10-Unit Apartment Building
10-Unit Apartment Building

3544 Carrollton Avenue, Indianapolis, IN 46205

$1,300,000
10,000 sqft

Ten-unit building with six three-bedroom and four two-bedroom apartments.

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20-Unit Portfolio Near UIndy Campus
20-Unit Portfolio Near UIndy Campus

Multiple Addresses in Larger Portfolio, Indianapolis, IN

Contact for pricing
20,585 sqft

20-unit portfolio with 47 bedrooms near University of Indianapolis.

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Five-Unit Multifamily Property
Five-Unit Multifamily Property

1509 Cason Street, Lafayette, IN 47904

Contact for pricing

Five-unit multifamily converted from a historic home, with four units rented and one unit finishing touches pending.

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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.

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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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.

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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.

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Off-Market Properties in Frankfort, IN

Consider similar Off-Market properties in Frankfort, 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.

406 Walnut St
APARTMENT HOUSE (UNDER 5 UNITS)

406 Walnut St, Frankfort, IN 46041-2584

Value Estimation by Request
2,968 sqft 0.22 AC lot
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409 Delphi Ave
APARTMENT HOUSE (UNDER 5 UNITS)

409 Delphi Ave, Frankfort, IN 46041-1337

Value Estimation by Request
2,100 sqft 0.17 AC lot
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64 Washington St
APARTMENT HOUSE (UNDER 5 UNITS)

64 Washington St, Frankfort, IN 46041-1921

Value Estimation by Request
7,290 sqft 0.07 AC lot
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904 Delphi Ave
APARTMENT HOUSE (UNDER 5 UNITS)

904 Delphi Ave, Frankfort, IN 46041-1117

Value Estimation by Request
1,528 sqft 0.11 AC lot
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2 Main St
APARTMENT HOUSE (UNDER 5 UNITS)

2 Main St, Frankfort, IN 46041-1912

Value Estimation by Request
8,008 sqft 0.11 AC lot
View details
654 Grn St
APARTMENT HOUSE (UNDER 5 UNITS)

654 Grn St, Frankfort, IN 46041-1489

Value Estimation by Request
870 sqft 0.57 AC lot
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401 403rd 405th N Main St
APARTMENT HOUSE (UNDER 5 UNITS)

401 403rd 405th N Main St, Frankfort, IN 46041

Value Estimation by Request
1,170 sqft 0.11 AC lot
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308 Kyger St
APARTMENT HOUSE (UNDER 5 UNITS)

308 Kyger St, Frankfort, IN 46041-1278

Value Estimation by Request
2,912 sqft 0.30 AC lot
View details
807 Kyger St
APARTMENT HOUSE (UNDER 5 UNITS)

807 Kyger St, Frankfort, IN 46041-1040

Value Estimation by Request
4,928 sqft 0.21 AC lot
View details

Frankfort, IN Apartment Buildings Market Trends and Statistics

Explore 10 apartment buildings for sale in Frankfort, IN on our real estate platform. These investment opportunities span a total of 10,560 square feet of properties for sale, with an estimated market value of $2,300,000.

Sale prices for two-family homes in Frankfort, IN start at $2,300,000, averaging $2,300,000, and reaching up to $2,300,000 — 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 25K
Population Growth (5Y) -1.2%
Median Household Income $61,986
College Educated 23.9%

Taxes & Financing

Tax Rate (average for all types) 2.65%
Property Tax per SF $43.32 per SF
Tax Rate vs County Average 0.06 pp above county avg
Average Loan-to-Value 65.0%

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