North Vernon, IN
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    North Vernon, IN Apartment Buildings for Sale

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    Vernon, IN Scipio, IN Butlerville, IN
    Multifamily Building with Business Potential
    $749,900
    11,306 SF
    Multifamily Building with Business Potential

    230-240 Hoosier Street, North Vernon, IN 47265

    12-unit apartment building with additional building for business ventures.
    • 12‑unit apartment building offers immediate rental income potential with a mix of 2‑bedroom and 1‑bedroom units.
    • Additional 2,150 sq. ft. building provides opportunity for business expansion or additional income streams.
    • Many recent updates within the last 3 years enhance property value and reduce maintenance costs.
    • Asphalt parking lot and grassy area provide convenient parking and outdoor space for tenants.
    • All apartments include kitchen appliances, a desirable amenity for renters.
    Updated: Aug 9, 2025
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    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 1 Active listings in North Vernon, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 8 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.

    Corner-Alley 5-Unit Apartment Building
    $324,900
    0.19 Acres
    Corner-Alley 5-Unit Apartment Building

    Five-unit multifamily building with multiple unit types and convenient tenant parking off an alley corner.

    617 W Franklin Street, Shelbyville, IN 46176

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    Mixed-Use Commercial Property
    $299,900
    0.41 Acres
    Mixed-Use Commercial Property

    Versatile property with warehouse, office space, and apartments.

    701-705 I Street, Bedford, IN 47421

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    Five-Unit Apartment Building
    $299,900
    0.09 Acres
    Five-Unit Apartment Building

    Five apartment units with metal exterior and baseboard heat, offered with recent interior updates.

    106-108 W Pennsylvania Street, Shelbyville, IN 46176

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    Duplexes in Peaceful Country Setting
    $899,000
    1,888 SF
    Duplexes in Peaceful Country Setting

    Eight duplexes with strong cash flow potential near Bedford.

    101 Eastside Lane, Bedford, IN 47421

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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
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806

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    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    1.33 acre parcel suitable for multi-family development near downtown.

    71 Salters Road, Greenville, SC 29607

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    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres
    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215

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    Land Near Shepherd University
    $650,000
    3.70 Acres
    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

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    Off-Market Properties in North Vernon, IN

    Consider similar Off-Market properties in North Vernon, 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.

    227 Walnut St
    APARTMENT HOUSE (UNDER 5 UNITS)
    8,036 SF Lot: 0.08 Acres
    Value Estimation by Request

    227 Walnut St, North Vernon, IN 47265-1515

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    7695 Us Hwy 50
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,864 SF Lot: 1.17 Acres
    Value Estimation by Request

    7695 Us Hwy 50, North Vernon, IN 47265-7579

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    714 State St
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,720 SF Lot: 0.30 Acres
    Value Estimation by Request

    714 State St, North Vernon, IN 47265-2143

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    12 Platter Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,528 SF Lot: 0.36 Acres
    Value Estimation by Request

    12 Platter Dr, North Vernon, IN 47265-1762

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    604 State St
    APARTMENT HOUSE (UNDER 5 UNITS)
    5,780 SF Lot: 0.17 Acres
    Value Estimation by Request

    604 State St, North Vernon, IN 47265-2127

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    355 Smt St
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,813 SF Lot: 1.47 Acres
    Value Estimation by Request

    355 Smt St, North Vernon, IN 47265-1241

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    230 Hoosier St
    Multifamily properties
    11,306 SF Lot: 0.17 Acres
    Value Estimation by Request

    230 Hoosier St, North Vernon, IN 47265

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    45 Henry St
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,984 SF Lot: 1.36 Acres
    Value Estimation by Request

    45 Henry St, North Vernon, IN 47265-1048

    View details

    North Vernon, IN Apartment Buildings Investment Opportunities Market Analysis

    Explore 9 apartment buildings for sale in North Vernon, IN on our real estate platform. These investment opportunities span a total of 11,306 square feet of properties for sale, with an estimated market value of $749,900.

    Sale prices for two-family homes in North Vernon, IN start at $749,900, averaging $749,900, and reaching up to $749,900 — 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 21K
    Population Growth (5Y) +2.5%
    Median Household Income $65,877
    College Educated 19.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    47265 $749.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.67%
    Property Tax per SF $53.60 per SF
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in North Vernon fall within the 10,000 to 25,000 square foot range.

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