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12-Unit Apartment Building
For Sale
$749,900

230 240 Hoosier St, North Vernon, IN 47265

Multifamily property with a balanced one- and two-bedroom unit mix, on-site laundry, and asphalt parking.

Property Size11,306 SF
Price / SF$66.33
Days on Market42

Property Features for 230 240 Hoosier St

General Information

Standard status Active
Size 11,306 SF

Units

Unit Mix 6 x 2BR, 6 x 1BR
Multifamily Units 12

Amenities

laundry room
grassy area

Building Details

Year Built 1971
Buildings 2
Listing Agency: Coldwell Banker Martin Miller Lamb
Listed By: Jerry Lamb · License #RB14035661
Source: Megandusing
Added: Jul 20 Changed: Aug 29 Last Checked: Aug 25 at 5:08AM

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 Coldwell Banker Martin Miller Lamb

Investment Insights

Based on property information with market context.

This 12-unit apartment property contains six one-bedroom residences and six two-bedroom residences within 11,306 square feet. Each apartment includes kitchen appliances, and the property has received multiple updates within the last three years. A separate 2,150-square-foot building includes a small laundry room, adding functional support space to the apartment operation.

The site includes an asphalt parking area surrounding the buildings along with a small grassy outdoor area. The property is near the post office, city park, and downtown area in North Vernon. Constructed in 1971, the building combines an established multifamily layout with a varied unit configuration and dedicated on-site amenities.

Key Highlights

  • 12 units comprising six one‑bedroom and six two‑bedroom apartments
  • 11,306 SF property with a separate 2,150 SF building
  • Kitchen appliances included in all apartments

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Real Estate Agency Kitchen & Bath Showroom Computer & Electronic Repair Carpet & Flooring Store Catering Service

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

12
Residential units

Location Intelligence

Trade Area within ½ mile

541
Businesses Nearby

Demographics for 47265, IN

20,074
Population
8,862
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
185.6 sq mi
ZIP Area
108
Density / Sq Mi
$65,877
Median Household Income
$40,549
Median Earnings
$916
Median Rent
$143,700
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 - Multifamily property with a balanced one- and two-bedroom unit mix, on-site laundry, and asphalt parking.
Where is this apartment building located?
The property is located at 230 240 Hoosier St North Vernon, IN.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 12 units comprising six one‑bedroom and six two‑bedroom apartments; 11,306 SF property with a separate 2,150 SF building; Kitchen appliances included in all apartments
More about this property
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