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Three-Unit Multifamily Property
For Sale
$119,900

109 W Liberty Street, Greencastle, IN 46135

Residential Income, Greencastle, IN

Property SizeContact for details
Lot Size0.19 Acres
Days on Market47

Property Features for 109 W Liberty Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning ZO01 Residential
Rooms Basement
Subdivision No Subdivision
Middle school Greencastle Middle School
High school Greencastle Senior High School
Elementary school district Greencastle Community School Corp
Middle school district Greencastle Community School Corp
High school district Greencastle Community School Corp
Directions GPS Friendly
Standard status Active
APN 670916303098001008
Lot size 0.19 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Osborns Sub Pt Lots 1, 3 & 4
Legal Description Osborns Sub Pt Lots 1, 3 & 4

Building Details

Year built 1960
Floors in Building 2
Number of units 3
Listing Agency: RE/MAX Cornerstone · RE/MAX International
Listed By: Tyler Cox · License #SP31300582
Added: Jul 17 Changed: Aug 28 Last Checked: Sep 1 at 8:06AM
MLS# 22114841

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.

Built in 1960, this triplex contains two one-bedroom apartments and a two-bedroom unit occupying the entire second floor. The two one-bedroom apartments are rented, while the larger unit is vacant and ready for a new occupant. The property is situated on a 0.19-acre lot and carries ZO01 Residential zoning.

Recent property work includes three furnaces installed in 2024, two water heaters, and plumbing upgrades serving two of the three units. Appliances have been replaced within the last year, except for one range. Located at 109 W Liberty Street in Greencastle, the building is within walking distance of downtown.

Key Highlights

  • Three‑unit triplex with two 1‑bedroom apartments and one 2‑bedroom second‑floor unit
  • Two 1‑bedroom units are currently rented; the 2‑bedroom unit is vacant
  • Three furnaces installed in 2024

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Pharmacy Big Box & Wholesale Store Storage Facility Garden Center Electrical Service 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

491
Businesses Nearby

Demographics for 46135, IN

19,869
Population
7,148
Households
2.8
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
167.1 sq mi
ZIP Area
119
Density / Sq Mi
$70,847
Median Household Income
$33,314
Median Earnings
$902
Median Rent
$200,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Two apartments are leased, while the second-floor unit is available for tenant placement.
Where is this triplex located?
The property is located at 109 W Liberty Street Greencastle, IN.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: Three‑unit triplex with two 1‑bedroom apartments and one 2‑bedroom second‑floor unit; Two 1‑bedroom units are currently rented; the 2‑bedroom unit is vacant; Three furnaces installed in 2024
More about this property
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