Apartment Building with Laundry
For Sale
$110,000
118 S Walnut Street, Ridgeville, IN 47380
MULTI_FAMILY - Other - Ridgeville, IN
Property Size6,142 SF
Lot Size0.13 Acres
Price / SF$17.91
Days on Market55
Property Features for 118 S Walnut Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
7
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Basement, Bathroom 2, Bathroom 5, Bedroom 2, Bathroom 4, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 6, Bedroom 4, Bedroom 7
Parking features
Off Street
Basement
Block
Lot features
City/ Town/ Suburb, 0-2.9999
Elementary school
Deerfield
Middle school
Driver
High school
Winchester
Elementary school district
Randolph Central School Corp.
Middle school district
Randolph Central School Corp.
High school district
Randolph Central School Corp.
Directions
East on IN-32. Left on IN-1. Right on IN-28. Right on S Walnut Street.
Subdivision
Randolph County
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
Legal Description
NEWTOWN LOT 9 BLK 3
Utilities
Cooling system
Multi Units
Amenities
laundry hookups
Building Details
Year built
1909
Floors in Building
2
Number of units
5
Flooring type
Laminate, Concrete, Vinyl
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: Aug 5
Last Checked: Aug 5 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.
Apartment building in downtown Ridgeville with a mixed layout that can support multiple living options. The property includes two newly renovated 2BR/1BA apartments, each with laundry hookups and new electric furnaces. Flooring includes concrete, vinyl, and laminate.
The main level also features a former retail space with a working restroom, along with a 3BR/1.5BA apartment that is in need of renovation. Upstairs provides 2,000+ SF of storage. Additional conveniences include off-street parking, and the property was built in 1909 with a metal roof.
With on-site apartments and substantial storage, this building may be well suited for an investor seeking in-place income and additional space for future improvements, subject to lease terms and tenant arrangements.
The main level also features a former retail space with a working restroom, along with a 3BR/1.5BA apartment that is in need of renovation. Upstairs provides 2,000+ SF of storage. Additional conveniences include off-street parking, and the property was built in 1909 with a metal roof.
With on-site apartments and substantial storage, this building may be well suited for an investor seeking in-place income and additional space for future improvements, subject to lease terms and tenant arrangements.
Key Highlights
- Two newly renovated 2BR/1BA apartments with laundry hookups
- Main level includes former retail space with working restroom
- 3BR/1.5BA apartment on main level in need of renovation
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 47380, IN
1,917
Population
703
Households
2.7
Avg Household Size
41
Median Age
8%
College-Educated
85%
High-School Grad
61.8 sq mi
ZIP Area
31
Density / Sq Mi
$55,278
Median Household Income
$40,046
Median Earnings
$664
Median Rent
$84,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Downtown Ridgeville apartment building with newly renovated 2BR/1BA units, laundry hookups, off-street parking, and metal roof.
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 with laundry hookups; Main level includes former retail space with working restroom; 3BR/1.5BA apartment on main level in need of renovation
