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Two-Unit Duplex with Flexible Layout
New
For Sale
$189,900

1930 Fairmont Avenue, New Castle, IN 47362

Separate living spaces accommodate rental use, owner occupancy, or reconfiguration as a larger single residence.

Property Size1,843 SF
Price / SF$103.04
Days on Market6

Property Features for 1930 Fairmont Avenue

General Information

Standard status Active
Size 1,843 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: Cressy & Everett- Elkhart
Listed By: Patton Hall
Source: Pattonhall
Added: Aug 23 Changed: Aug 28 Last Checked: Aug 26 at 12:51PM

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 Cressy & Everett- Elkhart

Investment Insights

Based on property information with market context.

This 1,843-square-foot duplex, built in 1940, contains two distinct living units within one residential property. One side includes three bedrooms and one full bathroom, while the other offers one bedroom and one and a half bathrooms. The existing arrangement provides a defined two-unit setup while also allowing consideration of a larger single-home configuration.

Located at 1930 Fairmont Avenue in New Castle, the property offers several residential ownership approaches supported by its current layout. It can function as a duplex, with each unit maintained separately, or be adapted for use as one expanded residence. The floor plan gives buyers a choice between maintaining separate accommodations and pursuing a different residential arrangement.

Key Highlights

  • 1,843‑square‑foot duplex on a 0.42‑acre lot
  • Two separate living units within one property
  • One unit has 3 bedrooms and 1 full bathroom

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 - Separate living spaces accommodate rental use, owner occupancy, or reconfiguration as a larger single residence.
Where is this duplex located?
The property is located at 1930 Fairmont Avenue 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: 1,843‑square‑foot duplex on a 0.42‑acre lot; Two separate living units within one property; One unit has 3 bedrooms and 1 full bathroom
More about this property
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