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6-Unit Apartment Building
For Sale
$135,000

2702 Broad Street, New Castle, IN 47362

Commercial Sale, New Castle, IN

Property SizeContact for details
Lot Size0.31 Acres
Days on Market122

Property Features for 2702 Broad Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Bedrooms 3
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
Middle school New Castle Middle School
Elementary school district New Castle Community School Corp
Middle school district New Castle Community School Corp
High school district New Castle Community School Corp
Directions GPS Friendly
Subdivision 3307 - Henry - Henry
Standard status Active
APN 331214220180000016
Lot size 0.31 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description East Side Add Lots 84 & 85
Tax Annual Amount 4474
Legal Description East Side Add Lots 84 & 85

Utilities

Utilities Natural Gas Available

Building Details

Number of units 6
Listing Agency: Keller Williams Indpls Metro N · Keller Williams Realty
Listed By: Jamar Wright · License #RB19001241
Added: May 13 Changed: Sep 11 Last Checked: Sep 11 at 10:06PM
MLS# 22101503

Copyright © 2026 Broker Listing Cooperative®. 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.

This six-unit apartment property includes completed exterior work along with updates to electrical and plumbing systems. The improvements provide an established base for continued renovation and property stabilization. Commercial zoning applies, and natural gas is available at the property.

Located at 2702 Broad Street in New Castle, the property is near downtown amenities, shopping, dining, and local employers. The site encompasses 0.31 acres in Henry County, offering a multifamily asset with existing building improvements and a defined six-unit configuration.

Key Highlights

  • Six‑unit apartment property
  • Exterior improvements already completed
  • Electrical system updates

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Pharmacy Restaurant Building Supply

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

129
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Partially updated property with exterior, electrical, and plumbing improvements.
Where is this apartment building located?
The property is located at 2702 Broad Street 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: Six‑unit apartment property; Exterior improvements already completed; Electrical system updates
More about this property
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