Five-Unit Apartment
For Sale
$349,000
20015 Star Valley Way, Borden, IN 47106
Borden, IN
Property SizeContact for details
Lot Size1.00 Acre
Days on Market17
Property Features for 20015 Star Valley Way
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
1.00 Acre
Building Details
Year built
1990
Listing Agency:
NextHome Wilson Real Estate Services
(812) 924-7024
Listed By:
Stephannie Wilson · License #RB14039714
Added: Aug 13
Changed: Aug 28
Last Checked: Aug 29 at 11:06AM
MLS# 202609885
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1990, this single-story apartment property contains five units totaling 3,720 rentable square feet on one acre. The unit mix includes one- and two-bedroom floor plans, with two apartments configured as two-bedroom, one-bath residences. One unit has been recently remodeled, and the largest unit provides additional interior space. Building systems include two furnaces and two water heaters, with gas and electric service and utilities shared among the units.
Three apartments are occupied, while two are available for renovation and lease-up. The property is located in Borden, Indiana, approximately 30 minutes from the greater Louisville MSA. Additional area facts include fiber internet availability, level topography, and FEMA Zone X designation. Borden Elementary and Borden High School are each rated B+.
Three apartments are occupied, while two are available for renovation and lease-up. The property is located in Borden, Indiana, approximately 30 minutes from the greater Louisville MSA. Additional area facts include fiber internet availability, level topography, and FEMA Zone X designation. Borden Elementary and Borden High School are each rated B+.
Key Highlights
- Five‑unit apartment property with 3,720 rentable square feet
- Situated on a 1‑acre lot in Borden, Indiana
- Unit mix includes one- and two‑bedroom floor plans
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
60%
Occupancy
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 47106, IN
4,771
Population
1,960
Households
2.4
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
67.5 sq mi
ZIP Area
71
Density / Sq Mi
$87,431
Median Household Income
$42,028
Median Earnings
$956
Median Rent
$205,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Single-story property with mixed one- and two-bedroom layouts and shared utility service.
Where is this apartment building located?
The property is located at 20015 Star Valley Way Borden, IN.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Five‑unit apartment property with 3,720 rentable square feet; Situated on a 1‑acre lot in Borden, Indiana; Unit mix includes one- and two‑bedroom floor plans
