Mixed-Use Multifamily
118 S Walnut Street Ridgeville, IN 47380
For Sale
$110,000
MULTI_FAMILY - Other - Ridgeville, IN
Property Size6,142 SF
Lot Size0.13 Acres
Price / SF$17.91
Days on Market47
Property Features for 118 S Walnut Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
7
Bathrooms
5
Rooms
Bedroom 3, Basement, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 7, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 5, Bedroom 6, Bedroom 1
Parking features
Off Street
Basement
Block
Standard status
Active
APN
68-05-12-279-072.000-002
Size
6,142 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NEWTOWN LOT 9 BLK 3
Utilities
Cooling system
Multi Units
Building Details
Year built
1909
Floors in Building
2
Number of units
5
Flooring type
Vinyl, Laminate, Concrete
Roof type
Metal
Architectural style
Other
Listing Agency:
Tarter Realty Auction and Appraisal Company
(765) 595-8155
Listed By:
Jill Friend · License #RB23001467
(765) 546-8236
Added: Jun 12
Changed: Jul 6
Last Checked: Jul 28 at 4:06PM
MLS# 202623037
Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use building includes two newly renovated 2BR/1BA apartments that are currently rented. Each unit has laundry hookups and new electric furnaces, and leases are available. The main level also contains a former retail space with a working restroom, along with a 3BR/1.5BA apartment that is in need of renovation.
The property is located at 118 S Walnut Street in Ridgeville, Indiana, within downtown Ridgeville. A portion of the building on the upper level provides 2,000+ square feet of storage.
For buyers looking for residential income with flexibility, the current two-unit rental setup can support an owner’s near-term operating plan while additional space is positioned for future leasing or reconfiguration. The main-level former retail area and the 3BR/1.5BA unit present an opportunity to tailor renovations to the next tenant’s requirements, while the upstairs storage can help support equipment, inventory, or operational needs. All details regarding unit configuration, renovation condition, and lease availability should be confirmed during due diligence.
The property is located at 118 S Walnut Street in Ridgeville, Indiana, within downtown Ridgeville. A portion of the building on the upper level provides 2,000+ square feet of storage.
For buyers looking for residential income with flexibility, the current two-unit rental setup can support an owner’s near-term operating plan while additional space is positioned for future leasing or reconfiguration. The main-level former retail area and the 3BR/1.5BA unit present an opportunity to tailor renovations to the next tenant’s requirements, while the upstairs storage can help support equipment, inventory, or operational needs. All details regarding unit configuration, renovation condition, and lease availability should be confirmed during due diligence.
Key Highlights
- Two newly renovated 2BR/1BA apartments are currently rented for $550 and $600/month (leases available)
- Laundry hookups in both apartments and new electric furnaces
- Main level includes a former retail space with a working restroom plus a 3BR/1.5BA apartment in need of renovation
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Downtown Ridgeville mixed-use property with multiple apartment units, laundry hookups, and a former retail space on the main level.
Where is this apartment building located?
The property is located at 118 S Walnut Street Ridgeville, IN.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Two newly renovated 2BR/1BA apartments are currently rented for $550 and $600/month (leases available); Laundry hookups in both apartments and new electric furnaces; Main level includes a former retail space with a working restroom plus a 3BR/1.5BA apartment in need of renovation
