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New Castle, IN

Apartment Building

New Castle, IN Apartment Buildings for Sale

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Spiceland, IN Straughn, IN Knightstown, IN Mooreland, IN Lewisville, IN Kennard, IN Hagerstown, IN Shirley, IN

Downtown 6-Unit Apartment Building

Updated: May 13

Downtown 6-Unit Apartment Building

2702 Broad St, New Castle, IN 47362

$155,000

6‑unit apartment property in downtown New Castle.
Major exterior improvements have been completed.
Electrical system updates have been made.
Plumbing system updates have been made.
Partially updated building positioned for continued renovation and rental income.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 32 Potential Opportunities for your consideration. Besides 1 Active listings in New Castle, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 27 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

8-Unit Remodeled Apartment Community

8-Unit Remodeled Apartment Community

709 S Hutchinson Avenue, Muncie, IN 47303

$665,000

0.45 AC lot

Two-building multifamily property with updated residences, individual laundry hookups, paved parking, and public utilities.

Historic-Character Mixed-Use Building

Historic-Character Mixed-Use Building

28 N Washington Street, Knightstown, IN 47362

$325,000

7,872 sqft 0.10 AC lot

Five-unit property combining renovated commercial spaces with a two-bedroom apartment and individually metered utilities.

Five-Unit Mixed-Use Building

Five-Unit Mixed-Use Building

28 N Washington St, Knightstown, IN 46148

$325,000

7,872 sqft

Historic character pairs with updated plumbing, electrical, and individually metered gas and electric service.

67-Unit Apartment Portfolio

67-Unit Apartment Portfolio

714 S Cole Ave, Muncie, IN 47303

Contact for pricing

Multi-property apartment portfolio with renovated units and extensive improvements across a concentrated Muncie area.

Off-Market Properties in New Castle, IN

Consider similar Off-Market properties in New Castle, 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.

3038 Us Hwy 36th E

APARTMENT HOUSE (UNDER 5 UNITS)

3038 Us Hwy 36th E, New Castle, IN 47362-9306

$200,000

Estimated value

6,025 sqft 4.94 AC lot

1933 18th St

APARTMENT HOUSE (UNDER 5 UNITS)

1933 18th St, New Castle, IN 47362

$145,000

Estimated value

6,184 sqft 0.42 AC lot

1805 H Ave

APARTMENT HOUSE (UNDER 5 UNITS)

1805 H Ave, New Castle, IN 47362-2622

$135,000

Estimated value

2,620 sqft 0.12 AC lot

1902 Rosemont Ave

APARTMENT HOUSE (UNDER 5 UNITS)

1902 Rosemont Ave, New Castle, IN 47362-2026

$160,000

Estimated value

2,816 sqft 0.19 AC lot

2320-2324 State St

APARTMENT HOUSE (UNDER 5 UNITS)

2320-2324 State St, New Castle, IN 47362

$260,000

Estimated value

1,725 sqft 1.73 AC lot

1302 14th St

APARTMENT HOUSE (UNDER 5 UNITS)

1302 14th St, New Castle, IN 47362-2748

$400,000

Estimated value

2,520 sqft 0.23 AC lot

2225 14th St

APARTMENT HOUSE (UNDER 5 UNITS)

2225 14th St, New Castle, IN 47362-2253

$100,000

Estimated value

1,472 sqft 0.17 AC lot

2404 State St

APARTMENT HOUSE (UNDER 5 UNITS)

2404 State St, New Castle, IN 47362-3548

$105,000

Estimated value

1,725 sqft 0.19 AC lot

2403 14th St

APARTMENT HOUSE (UNDER 5 UNITS)

2403 14th St, New Castle, IN 47362-2108

$235,000

Estimated value

2,789 sqft 0.11 AC lot

1518 17th St

APARTMENT HOUSE (UNDER 5 UNITS)

1518 17th St, New Castle, IN 47362-2756

$195,000

Estimated value

2,232 sqft 0.12 AC lot

1509 Washington St

APARTMENT HOUSE (UNDER 5 UNITS)

1509 Washington St, New Castle, IN 47362-4373

$280,000

Estimated value

2,144 sqft 0.85 AC lot

2129 Grand Ave, Unit 2131

APARTMENT HOUSE (UNDER 5 UNITS)

2129 Grand Ave, New Castle, IN 47362-2551

Unit 2131

$190,000

Estimated value

1,549 sqft 0.08 AC lot

914 Mourer St

APARTMENT HOUSE (UNDER 5 UNITS)

914 Mourer St, New Castle, IN 47362-5260

$255,000

Estimated value

4,752 sqft 0.17 AC lot

2000 A Ave

APARTMENT HOUSE (UNDER 5 UNITS)

2000 A Ave, New Castle, IN 47362-2565

$165,000

Estimated value

1,692 sqft 0.10 AC lot

1327 18th St

APARTMENT HOUSE (UNDER 5 UNITS)

1327 18th St, New Castle, IN 47362-2606

$225,000

Estimated value

2,288 sqft 0.12 AC lot

1600 Plymouth Dr

APARTMENT HOUSE (UNDER 5 UNITS)

1600 Plymouth Dr, New Castle, IN 47362-1881

$260,000

Estimated value

3,000 sqft 0.27 AC lot

1559-1561 Broad St

APARTMENT HOUSE (UNDER 5 UNITS)

1559-1561 Broad St, New Castle, IN 47362

$305,000

Estimated value

9,414 sqft 0.07 AC lot

2902 14th St

APARTMENT HOUSE (UNDER 5 UNITS)

2902 14th St, New Castle, IN 47362-1803

$250,000

Estimated value

2,115 sqft 0.15 AC lot

2401 Vine St

Multifamily properties

2401 Vine St, New Castle, IN 47362

Value Estimation by Request

6,125 sqft 0.53 AC lot

2008 Broad St

Multifamily properties

2008 Broad St, New Castle, IN 47362

Value Estimation by Request

5,184 sqft 0.42 AC lot

1902 H Ave

APARTMENT HOUSE (UNDER 5 UNITS)

1902 H Ave, New Castle, IN 47362-2552

$190,000

Estimated value

2,304 sqft 0.12 AC lot

1520 H Ave

APARTMENT HOUSE (UNDER 5 UNITS)

1520 H Ave, New Castle, IN 47362-2856

$235,000

Estimated value

1,932 sqft 0.15 AC lot

1516 H Ave

APARTMENT HOUSE (UNDER 5 UNITS)

1516 H Ave, New Castle, IN 47362-2856

$235,000

Estimated value

1,932 sqft 0.15 AC lot

New Castle, IN Apartment Buildings Market Trends and Statistics

Explore 28 apartment buildings for sale in New Castle, IN on our real estate platform.

Sale prices for two-family homes in New Castle, IN average $155,000 — 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 29K

Population Growth (5Y) -1.9%

Median Household Income $56,564

College Educated 20.0%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
47362	$155K

Taxes & Financing

Tax Rate (average for all types) 2.25%

Property Tax per SF $49.50 per SF

Tax Rate vs County Average 0.03 pp below county avg

Average Loan-to-Value 65.0%

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