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Two-Unit Duplex Property
New
For Sale
$189,900

1930-1932 Fairmont Ave, New Castle, IN 47362

Versatile residential income property with separate living spaces and an established two-unit configuration.

Property Size6,229 SF
Price / SF$30.49
Days on Market7

Property Features for 1930-1932 Fairmont Ave

General Information

Standard status Active
Size 6,229 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 3BR/1BA, 1 x 1BR/1.5BA
Multifamily Units 2

Building Details

Year Built 1940
Listing Agency: @Properties
Listed By: The James Embry Team · License #6501323797
Source: Jamesembry
Added: Aug 23 Changed: Aug 28 Last Checked: Aug 28 at 9:07PM

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 @Properties

Investment Insights

Based on property information with market context.

Built in 1940, this duplex contains two separate living units that can function independently. The larger unit includes 3 bedrooms and 1 full bathroom, while the second offers 1 bedroom and 1 1/2 bathrooms. The layout also supports use as a single-family residence, subject to the desired conversion and customization work.

Located at 1930-1932 Fairmont Ave in New Castle, the property is identified within the Sunnyside area. Its existing arrangement provides flexibility for separate occupancy, or one unit may be used as a residence while the other is rented. The property information reports a PropertySize of 6229.

Key Highlights

  • Two separate living units in an existing duplex configuration
  • First unit includes 3 bedrooms and 1 full bathroom
  • Second unit includes 1 bedroom and 1 1/2 bathrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center HVAC Service Hair Salon Restaurant

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

142
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?
Duplex - Versatile residential income property with separate living spaces and an established two-unit configuration.
Where is this duplex located?
The property is located at 1930-1932 Fairmont Ave New Castle, IN.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Two separate living units in an existing duplex configuration; First unit includes 3 bedrooms and 1 full bathroom; Second unit includes 1 bedroom and 1 1/2 bathrooms
More about this property
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