New Castle, IN Apartment Buildings for Sale

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Updated: May 13

Downtown 6-Unit Apartment Building

2702 Broad St, New Castle, IN 47362

$175,000

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.

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Based on your search, we've compiled 36 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, 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 Apartment Portfolio with Commercial Space

1517 S Walnut Street, Muncie, IN 47302

$525,000

5,300 sqft

Portfolio includes renovated and partially rehabbed apartment units plus a vacant commercial space with a garage.

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Five-Unit Mixed-Use Building

28 N Washington Street, Knightstown, IN 47362

$325,000

7,872 sqft 0.10 AC lot

Five-unit property with fully renovated residential units and updated bathrooms, with utilities separately metered for tenants.

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Five-Unit Mixed-Use Building

28 N Washington Street, Knightstown, IN 46148

$325,000

0.10 AC lot

Updated five-unit building with individually metered gas and electric, plus owner-paid water.

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13-Unit Multifamily Property

1517 S Walnut Street, Muncie, IN 47302

$505,000

Well-suited for value-add, this 13-unit multifamily asset is positioned for modernization in Muncie, Indiana.

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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

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

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

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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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.

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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.

APARTMENT HOUSE (UNDER 5 UNITS)

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

Value Estimation by Request

6,025 sqft 4.94 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1933 18th St, New Castle, IN 47362

Value Estimation by Request

6,184 sqft 0.42 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1805 H Ave, New Castle, IN 47362-2622

Value Estimation by Request

2,620 sqft 0.12 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1902 Rosemont Ave, New Castle, IN 47362-2026

Value Estimation by Request

2,816 sqft 0.19 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2320-2324 State St, New Castle, IN 47362

Value Estimation by Request

1,725 sqft 1.73 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

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

Value Estimation by Request

2,520 sqft 0.23 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

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

Value Estimation by Request

1,472 sqft 0.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2404 State St, New Castle, IN 47362-3548

Value Estimation by Request

1,725 sqft 0.19 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

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

Value Estimation by Request

2,789 sqft 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

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

Value Estimation by Request

2,232 sqft 0.12 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1509 Washington St, New Castle, IN 47362-4373

Value Estimation by Request

2,144 sqft 0.85 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2129 Grand Ave, New Castle, IN 47362-2551

Unit 2131

Value Estimation by Request

1,549 sqft 0.08 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

914 Mourer St, New Castle, IN 47362-5260

Value Estimation by Request

4,752 sqft 0.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2000 A Ave, New Castle, IN 47362-2565

Value Estimation by Request

1,692 sqft 0.10 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

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

Value Estimation by Request

2,288 sqft 0.12 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1600 Plymouth Dr, New Castle, IN 47362-1881

Value Estimation by Request

3,000 sqft 0.27 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1559-1561 Broad St, New Castle, IN 47362

Value Estimation by Request

9,414 sqft 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

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

Value Estimation by Request

2,115 sqft 0.15 AC lot

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Multifamily properties

2401 Vine St, New Castle, IN 47362

Value Estimation by Request

6,125 sqft 0.53 AC lot

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Multifamily properties

2008 Broad St, New Castle, IN 47362

Value Estimation by Request

5,184 sqft 0.42 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1902 H Ave, New Castle, IN 47362-2552

Value Estimation by Request

2,304 sqft 0.12 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1520 H Ave, New Castle, IN 47362-2856

Value Estimation by Request

1,932 sqft 0.15 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1516 H Ave, New Castle, IN 47362-2856

Value Estimation by Request

1,932 sqft 0.15 AC lot

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New Castle, IN Apartment Buildings Market Trends and Statistics

Explore 28 apartment buildings for sale in New Castle, 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 $175,000.

Sale prices for two-family homes in New Castle, IN start at $175,000, averaging $175,000, and reaching up to $175,000 — 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%

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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New Castle, IN Apartment Buildings for Sale

2702 Broad St, New Castle, IN 47362

Opportunities in Nearby Cities

1517 S Walnut Street, Muncie, IN 47302

28 N Washington Street, Knightstown, IN 47362

28 N Washington Street, Knightstown, IN 46148

1517 S Walnut Street, Muncie, IN 47302

Potential Development Sites for Consideration

215 N Bear Creek Road, Asheville, NC 28806

71 Salters Road, Greenville, SC 29607

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

107 HOWARD Street, La Plata, MD 20646

Off-Market Properties in New Castle, IN

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

1933 18th St, New Castle, IN 47362

1805 H Ave, New Castle, IN 47362-2622

1902 Rosemont Ave, New Castle, IN 47362-2026

2320-2324 State St, New Castle, IN 47362

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

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

2404 State St, New Castle, IN 47362-3548

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

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

1509 Washington St, New Castle, IN 47362-4373

2129 Grand Ave, New Castle, IN 47362-2551

914 Mourer St, New Castle, IN 47362-5260

2000 A Ave, New Castle, IN 47362-2565

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

1600 Plymouth Dr, New Castle, IN 47362-1881

1559-1561 Broad St, New Castle, IN 47362

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

2401 Vine St, New Castle, IN 47362

2008 Broad St, New Castle, IN 47362

1902 H Ave, New Castle, IN 47362-2552

1520 H Ave, New Castle, IN 47362-2856

1516 H Ave, New Castle, IN 47362-2856

New Castle, IN Apartment Buildings Market Trends and Statistics

Demographics Overview

Taxes & Financing

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