Listing Agency: Corporate Commercial Group Show Phone

Listed By: Keith Dedrick · License #IN RB14029789

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 8:57PM

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Investment Insights

Based on property information with market context.

This for-sale multifamily income property is marketed as generating a stated 8.61% cap rate. The offering is categorized as other multifamily and residential income property.

The property is located at 1129 S 18th St, New Castle, IN 47362.

Additional details on the building layout, unit mix, and condition were not provided.

Key Highlights

• For‑sale multifamily property marketed with an 8.61% cap rate.

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office Real Estate Agency Pharmacy Daycare Center Skin Care Clinic Bakery

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

297

Businesses Nearby

Explore this area Business Placement

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?

Multifamily property - For-sale multifamily property marketed with an 8.61% cap rate.

Where is this multifamily property located?

The property is located at 1129 S 18th St New Castle, IN.

What are key features of this property?

This property features: For‑sale multifamily property marketed with an 8.61% cap rate.