Downtown 6-Unit Apartment
For Sale
$135,000
2702 Broad St, New Castle, IN 47362
Six-unit apartment property with exterior, electrical, and plumbing improvements already completed for continued renovation.
Property Size5,490 SF
Price / SF$24.59
Days on Market150
Property Features for 2702 Broad St
General Information
Standard status
Active
Size
5,490 SF
Additional Details
Multifamily Units
6
Listing Agency:
Keller Williams Indpls Metro N
Listed By:
Jamar Wright · License #RB19001241
(317) 846-6300
Source:
Eveloteam
Added: May 28
Changed: Oct 14
Last Checked: Oct 7 at 2:45PM
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 Keller Williams Indpls Metro N
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Investment Insights
Based on property information with market context.
This 6-unit apartment building offers an investor opportunity with major exterior improvements and key system updates completed. The property has received upgrades to the electrical and plumbing systems, providing a solid foundation for the next owner to finish remaining renovations and move toward stabilized rental operations.
Located in downtown New Castle, the building is positioned near shopping, dining, and local employers. The existing improvements are intended to support reduced future maintenance concerns while the remaining work is completed.
With its current partially updated condition and multi-unit layout, the property is well suited for buyers looking to take over a value-add residential income asset and complete the renovation process.
Located in downtown New Castle, the building is positioned near shopping, dining, and local employers. The existing improvements are intended to support reduced future maintenance concerns while the remaining work is completed.
With its current partially updated condition and multi-unit layout, the property is well suited for buyers looking to take over a value-add residential income asset and complete the renovation process.
Key Highlights
- 6‑unit apartment property in downtown New Castle.
- Major exterior improvements have been completed.
- Electrical system updates have been made.
Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit apartment property with exterior, electrical, and plumbing improvements already completed for continued renovation.
Where is this apartment building located?
The property is located at 2702 Broad St New Castle, IN.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 6‑unit apartment property in downtown New Castle.; Major exterior improvements have been completed.; Electrical system updates have been made.
