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48-Unit Apartment Complex
For Sale
Contact for pricing
Pending

1345 W 2nd Street, Seymour, IN 47274

Three well-maintained buildings offer two-story apartment living with private balconies or patios and individual HVAC systems.

Property SizeContact for details
Days on Market143

Property Features for 1345 W 2nd Street

General Information

Standard status Pending
Property subtype Multifamily

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 48 x 2BR/1BA
Multifamily Units 48

Amenities

individual HVAC
laundry
dishwashers
balconies/patios

Building Details

Year Built 1973
Buildings 3
Stories 2
Listing Agency: Income Property Organization
Listed By: J.J. Zwada · License #MI 6502357804
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 10:07PM

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 Income Property Organization

Investment Insights

Based on property information with market context.

Lexmoor Apartments comprises three two-story buildings with 48 two-bedroom, one-bath apartment units. Each residence measures approximately 850 square feet and includes individual HVAC, laundry equipment, a dishwasher, and a balcony or patio. Constructed in 1973, the complex has received aesthetic and mechanical upgrades over time and has been carefully maintained.

The property is positioned just west of I-65 on West 2nd Street, with downtown located only a few blocks away. Its location provides direct access to the interstate while keeping residents near the central business district.

Key Highlights

  • 48 two‑bedroom, one‑bath apartment units
  • Three‑building, two‑story complex constructed in 1973
  • Approximately 850 square feet per unit

Property Analytics

Current Use

Edmonson Robert Church Valore at Lexmoor Apartment Complex

Suggested Use

Top Pick Auto Parts Store Electrical Service Parking Lot & Garage Big Box & Wholesale Store Computer & Electronic Repair Kitchen & Bath Showroom

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

48
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

316
Businesses Nearby

Demographics for 47274, IN

33,035
Population
13,590
Households
2.4
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
214.7 sq mi
ZIP Area
154
Density / Sq Mi
$72,186
Median Household Income
$44,320
Median Earnings
$956
Median Rent
$187,800
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 - Three well-maintained buildings offer two-story apartment living with private balconies or patios and individual HVAC systems.
Where is this apartment building located?
The property is located at 1345 W 2nd Street Seymour, IN.
What are key features of this property?
This property features: 48 two‑bedroom, one‑bath apartment units; Three‑building, two‑story complex constructed in 1973; Approximately 850 square feet per unit
More about this property
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