7-Unit Apartment
For Sale
$455,000
601 S Walnut Street, Mount Summit, IN 47361
Commercial Sale, Mount Summit, IN
Property Size3,348 SF
Lot Size0.54 Acres
Price / SF$135.90
Days on Market57
Property Features for 601 S Walnut Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R3
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Elementary school district
Blue River Valley Schools
Middle school district
Blue River Valley Schools
High school district
Blue River Valley Schools
Directions
GPS Friendly
Subdivision
3303 - Henry - Prairie
Standard status
Active
APN
330721240241000022
Lot size
0.54 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Brinsons 1st Add Lot 80, N 55' Lot 70 & S 125' E Pt 26.42' Lot 100
Tax Annual Amount
4494
Legal Description
Brinsons 1st Add Lot 80, N 55' Lot 70 & S 125' E Pt 26.42' Lot 100
Amenities
deck
coin-op laundry
Building Details
Year built
1960
Floors in Building
1
Number of units
7
Roof type
Shingle, Asphalt
Listing Agency:
Real Broker, LLC
(317) 794-2827
Listed By:
Jon Kindred · License #RB16000524
(317) 614-5445
Added: Jul 17
Changed: Sep 8
Last Checked: Sep 11 at 11:06PM
MLS# 22112913
Copyright © 2026 Broker Listing Cooperative®. 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 single-level apartment property contains seven units and 3,348 square feet of living area. The layout includes six one-bedroom, one-bath apartments of approximately 500 SF each, along with an efficiency unit offering approximately 350 SF. Built in 1960, the building has a shingle and asphalt roof and is currently fully occupied.
Recent property improvements include a newly added deck, fresh exterior paint, and coin-operated laundry machines. On-site tenant parking is supported by the spacious lot. The owner pays all utilities and maintenance, and the property is zoned R3.
Recent property improvements include a newly added deck, fresh exterior paint, and coin-operated laundry machines. On-site tenant parking is supported by the spacious lot. The owner pays all utilities and maintenance, and the property is zoned R3.
Key Highlights
- 7‑unit apartment building with 3,348 square feet of living area
- Six one‑bedroom, one‑bath units of approximately 500 SF each
- One efficiency unit with approximately 350 SF of living space
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 47361, IN
134
Population
101
Households
1.3
Avg Household Size
41
Median Age
30%
College-Educated
98%
High-School Grad
$65,221
Median Household Income
$34,091
Median Earnings
$942
Median Rent
$131,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied, single-level multifamily property with tenant parking, coin-operated laundry, and recent exterior improvements.
Where is this apartment building located?
The property is located at 601 S Walnut Street Mount Summit, IN.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 7‑unit apartment building with 3,348 square feet of living area; Six one‑bedroom, one‑bath units of approximately 500 SF each; One efficiency unit with approximately 350 SF of living space
