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New Castle, IN Apartment Buildings for Sale

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6-Unit Apartment Building
Updated: May 13
6-Unit Apartment Building

2702 Broad Street, New Castle, IN 47362

$135,000
0.31 AC lot
Six‑unit apartment property
Exterior improvements already completed
Electrical system updates
Plumbing system updates
Commercial zoning
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Downtown 6-Unit Apartment Building
Updated: May 28
Downtown 6-Unit Apartment Building

2702 Broad St, New Castle, IN 47362

$135,000
5,490 sqft
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.
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Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
Based on your search, we've compiled 33 Potential Opportunities for your consideration. Besides 2 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.

Remodeled 8-Unit Apartment Building
Remodeled 8-Unit Apartment Building

709 S Hutchinson Avenue, Muncie, IN 47303

$665,000
5,432 sqft

Two buildings feature updated interiors, washer/dryer hookups, and paved off-street parking on a nearly half-acre site.

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8-Unit Brick Apartment Building
8-Unit Brick Apartment Building

1120 E 30th Street, Anderson, IN 46016

$339,000
7,344 sqft 0.29 AC lot

R3-zoned, two-story property has individually metered gas and electricity and a mix of occupied and vacant apartments.

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8-Unit Remodeled Apartment Community
8-Unit Remodeled Apartment Community

709 S Hutchinson Avenue, Muncie, IN 47303

$655,000
0.45 AC lot

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

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8-Unit Brick Apartment Building
8-Unit Brick Apartment Building

1120 E 30th Street, Anderson, IN 46016

$339,000
0.09 AC lot

Separate electric and gas meters serve eight one-bedroom apartments with interior hallways and shared covered entrances.

View details

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

Estimated value:
$200,000
6,025 sqft 4.94 AC lot
View details
1933 18th St
APARTMENT HOUSE (UNDER 5 UNITS)

1933 18th St, New Castle, IN 47362

Estimated value:
$145,000
6,184 sqft 0.42 AC lot
View details
1805 H Ave
APARTMENT HOUSE (UNDER 5 UNITS)

1805 H Ave, New Castle, IN 47362-2622

Estimated value:
$135,000
2,620 sqft 0.12 AC lot
View details
1902 Rosemont Ave
APARTMENT HOUSE (UNDER 5 UNITS)

1902 Rosemont Ave, New Castle, IN 47362-2026

Estimated value:
$160,000
2,816 sqft 0.19 AC lot
View details
2320-2324 State St
APARTMENT HOUSE (UNDER 5 UNITS)

2320-2324 State St, New Castle, IN 47362

Estimated value:
$260,000
1,725 sqft 1.73 AC lot
View details
1302 14th St
APARTMENT HOUSE (UNDER 5 UNITS)

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

Estimated value:
$400,000
2,520 sqft 0.23 AC lot
View details
2225 14th St
APARTMENT HOUSE (UNDER 5 UNITS)

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

Estimated value:
$100,000
1,472 sqft 0.17 AC lot
View details
2404 State St
APARTMENT HOUSE (UNDER 5 UNITS)

2404 State St, New Castle, IN 47362-3548

Estimated value:
$105,000
1,725 sqft 0.19 AC lot
View details
2403 14th St
APARTMENT HOUSE (UNDER 5 UNITS)

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

Estimated value:
$235,000
2,789 sqft 0.11 AC lot
View details
1518 17th St
APARTMENT HOUSE (UNDER 5 UNITS)

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

Estimated value:
$195,000
2,232 sqft 0.12 AC lot
View details
1509 Washington St
APARTMENT HOUSE (UNDER 5 UNITS)

1509 Washington St, New Castle, IN 47362-4373

Estimated value:
$280,000
2,144 sqft 0.85 AC lot
View details
2129 Grand Ave, Unit 2131
APARTMENT HOUSE (UNDER 5 UNITS)

2129 Grand Ave, New Castle, IN 47362-2551

Unit 2131
Estimated value:
$190,000
1,549 sqft 0.08 AC lot
View details
914 Mourer St
APARTMENT HOUSE (UNDER 5 UNITS)

914 Mourer St, New Castle, IN 47362-5260

Estimated value:
$255,000
4,752 sqft 0.17 AC lot
View details
2000 A Ave
APARTMENT HOUSE (UNDER 5 UNITS)

2000 A Ave, New Castle, IN 47362-2565

Estimated value:
$165,000
1,692 sqft 0.10 AC lot
View details
1327 18th St
APARTMENT HOUSE (UNDER 5 UNITS)

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

Estimated value:
$225,000
2,288 sqft 0.12 AC lot
View details
1600 Plymouth Dr
APARTMENT HOUSE (UNDER 5 UNITS)

1600 Plymouth Dr, New Castle, IN 47362-1881

Estimated value:
$260,000
3,000 sqft 0.27 AC lot
View details
1559-1561 Broad St
APARTMENT HOUSE (UNDER 5 UNITS)

1559-1561 Broad St, New Castle, IN 47362

Estimated value:
$305,000
9,414 sqft 0.07 AC lot
View details
2902 14th St
APARTMENT HOUSE (UNDER 5 UNITS)

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

Estimated value:
$250,000
2,115 sqft 0.15 AC lot
View details
2401 Vine St
Multifamily properties

2401 Vine St, New Castle, IN 47362

Estimated value: by Request
6,125 sqft 0.53 AC lot
View details
2008 Broad St
Multifamily properties

2008 Broad St, New Castle, IN 47362

Estimated value: by Request
5,184 sqft 0.42 AC lot
View details
1902 H Ave
APARTMENT HOUSE (UNDER 5 UNITS)

1902 H Ave, New Castle, IN 47362-2552

Estimated value:
$190,000
2,304 sqft 0.12 AC lot
View details
1520 H Ave
APARTMENT HOUSE (UNDER 5 UNITS)

1520 H Ave, New Castle, IN 47362-2856

Estimated value:
$235,000
1,932 sqft 0.15 AC lot
View details

New Castle, IN Apartment Buildings Market Trends and Statistics

Explore 29 apartment buildings for sale in New Castle, IN on our real estate platform. These investment opportunities span a total of 5,490 square feet of properties for sale, with an estimated market value of $270,000.

Sale prices for apartment complexes in New Castle, IN average $135,000 — 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 $135K

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%

Listings Trend

New vs delisted commercial listings in Henry County

New Delisted

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