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

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    Vernon, IN Dupont, IN Seymour, IN Deputy, IN Commiskey, IN Elizabethtown, IN Westport, IN Holton, IN
    Multifamily Building with Business Potential
    Updated: Jul 22, 2025
    Multifamily Building with Business Potential

    230-240 Hoosier Street, North Vernon, IN 47265

    $749,900
    11,306 sqft
    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.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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.

    Fully Leased 10-Unit Apartment Building
    Fully Leased 10-Unit Apartment Building

    Scottsburg, IN 47170

    $795,000
    4,531 sqft 0.35 AC lot

    Turnkey multifamily property with renovated units and ample parking on a corner lot in Vienna.

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    Renovated Apartment Complex Investment Opportunity
    Renovated Apartment Complex Investment Opportunity

    513 N. GARDNER ST, Scottsburg, IN

    Contact for pricing
    4,531 sqft 0.44 AC lot

    Fully leased, renovated 10-unit apartment complex in Scottsburg, Indiana.

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    Contiguous Three-Story Multifamily Buildings
    Contiguous Three-Story Multifamily Buildings

    313-315 Mulberry Street, Madison, IN 47250

    Contact for pricing

    Two contiguous three-story buildings provide 12 bedrooms, 3 bathrooms, an on-site main floor office, and dedicated laundry room space.

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    Small Multifamily Apartment Building
    Small Multifamily Apartment Building

    534 Miller Street, Madison, IN 47250

    $375,000
    3,382 sqft

    Property features three one-bedroom units and two two-bedroom units, with newer roof, HVAC, and appliances.

    View details

    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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    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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    Retail-Zoned Development Land Opportunity
    Retail-Zoned Development Land Opportunity

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

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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)

    227 Walnut St, North Vernon, IN 47265-1515

    Value Estimation by Request
    8,036 sqft 0.08 AC lot
    View details
    7695 Us Hwy 50
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    Value Estimation by Request
    4,864 sqft 1.17 AC lot
    View details
    714 State St
    APARTMENT HOUSE (UNDER 5 UNITS)

    714 State St, North Vernon, IN 47265-2143

    Value Estimation by Request
    3,720 sqft 0.30 AC lot
    View details
    12 Platter Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    12 Platter Dr, North Vernon, IN 47265-1762

    Value Estimation by Request
    3,528 sqft 0.36 AC lot
    View details
    604 State St
    APARTMENT HOUSE (UNDER 5 UNITS)

    604 State St, North Vernon, IN 47265-2127

    Value Estimation by Request
    5,780 sqft 0.17 AC lot
    View details
    355 Smt St
    APARTMENT HOUSE (UNDER 5 UNITS)

    355 Smt St, North Vernon, IN 47265-1241

    Value Estimation by Request
    3,813 sqft 1.47 AC lot
    View details
    230 Hoosier St
    Multifamily properties

    230 Hoosier St, North Vernon, IN 47265

    Value Estimation by Request
    11,306 sqft 0.17 AC lot
    View details
    45 Henry St
    APARTMENT HOUSE (UNDER 5 UNITS)

    45 Henry St, North Vernon, IN 47265-1048

    Value Estimation by Request
    2,984 sqft 1.36 AC lot
    View details

    North Vernon, IN Apartment Buildings Market Trends and Statistics

    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 average $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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