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Renovated 10-Unit Apartment Building
For Sale
$795,000

525 N Gardner Street, Scottsburg, IN 47170

Commercial, Vienna, IN

Property Size4,531 SF
Lot Size0.35 Acres
Price / SF$175.46
Days on Market65

Property Features for 525 N Gardner Street

General Information

Property type Commercial Sale
Property subtype Other
Directions I-65N to exit 29 East on McLain Ave to Gardner St (Hwy 31), left on Gardner, property on the right.
Standard status Active
APN 0078330519
Size 4,531 SF
Lot size 0.35 Acres

Taxes and HOA fees

Tax Year 4049
Tax Description NE1/4 NEQR 19-3-7 .35A WATERSHED
Tax Annual Amount 2724
Legal Description NE1/4 NEQR 19-3-7 .35A WATERSHED

Building Details

Year built 1949
Listing Agency: eXp Realty, LLC
Listed By: William Andes
Added: Jun 25 Changed: Aug 23 Last Checked: Aug 28 at 7:06PM
MLS# 202609450

Copyright © 2026 Southern Indiana REALTORS Association. 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 10-unit apartment building contains 4,531 square feet on a 0.35-acre parcel. The property was built in 1949 and has undergone renovations throughout the units, creating updated residential interiors. An efficient layout and ample on-site parking support day-to-day operations, while the asset is being sold as-is.

Positioned at the corner of N Gardner Street and Lakeshore Drive, the complex is near Lake Lola Park and its walking trails. Downtown Scottsburg is minutes away, and I-65 provides regional commuting access. All 10 units are leased, providing an established multifamily operating profile.

Key Highlights

  • 10‑unit apartment complex with 4,531 square feet of building area
  • Fully leased property with renovated units
  • 0.35‑acre site at N Gardner Street and Lakeshore Drive

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Kitchen & Bath Showroom HVAC Service Storage Facility Real Estate Agency Big Box & Wholesale Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

434
Businesses Nearby

Demographics for 47170, IN

14,877
Population
6,313
Households
2.4
Avg Household Size
41
Median Age
13%
College-Educated
83%
High-School Grad
146.3 sq mi
ZIP Area
102
Density / Sq Mi
$57,661
Median Household Income
$41,603
Median Earnings
$831
Median Rent
$148,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully leased multifamily property with updated units, on-site parking, and convenient access to outdoor recreation and commuting routes.
Where is this apartment building located?
The property is located at 525 N Gardner Street Scottsburg, IN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 10‑unit apartment complex with 4,531 square feet of building area; Fully leased property with renovated units; 0.35‑acre site at N Gardner Street and Lakeshore Drive
More about this property
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