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Brick Apartment Building with Duplex
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1010 S 14th St, New Castle, IN 47362

Two-story, 26-unit brick apartment building plus a two-bedroom, one-bath duplex, with extensive recent capital improvements.

Property SizeContact for details
Days on Market132

Property Features for 1010 S 14th St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 28

Building Details

Construction brick
Tenancy Multi
Listing Agency: Corporate Commercial Group
Listed By: Keith Dedrick · License #IN RB14029789
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 8:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corporate Commercial Group

Investment Insights

Based on property information with market context.

Highland Terrace consists of a two-story, 26-unit brick apartment building along with a two-bedroom, one-bath duplex. The apartment mix includes two efficiency units, 17 one-bedroom units, three two-bedroom units, and two three-bedroom units. The included duplex provides two bedrooms and one bathroom per side.

The property sits on approximately one acre in New Castle, Indiana, positioned among single-family homes within a quiet, established neighborhood.

Recent capital improvements include two new boilers, new AC units, new walkways and handrails, new commercial water heaters, and updated interior finishes and appliances such as new kitchen appliances, carpet, paint, refrigerators, along with other upgrades.

Key Highlights

  • Two‑story 26‑unit brick apartment building in New Castle, Indiana, on approximately one acre
  • Unit mix includes two efficiency units, 17 one‑bedroom units, three two‑bedroom units, and two three‑bedroom units
  • Includes a two‑bedroom, one‑bath duplex with two bedrooms/one bath per side

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Gym & Fitness Center Dental Office Daycare Center Bakery Skin Care Clinic Locksmith

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

28
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

281
Businesses Nearby

Demographics for 47362, IN

30,184
Population
12,523
Households
2.4
Avg Household Size
43
Median Age
15%
College-Educated
89%
High-School Grad
147.7 sq mi
ZIP Area
204
Density / Sq Mi
$56,564
Median Household Income
$38,568
Median Earnings
$792
Median Rent
$131,800
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 - Two-story, 26-unit brick apartment building plus a two-bedroom, one-bath duplex, with extensive recent capital improvements.
Where is this apartment building located?
The property is located at 1010 S 14th St New Castle, IN.
What are key features of this property?
This property features: Two‑story 26‑unit brick apartment building in New Castle, Indiana, on approximately one acre; Unit mix includes two efficiency units, 17 one‑bedroom units, three two‑bedroom units, and two three‑bedroom units; Includes a two‑bedroom, one‑bath duplex with two bedrooms/one bath per side
(317) 502-3622 Call to check price and availability
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