11-Unit Apartment
For Sale
Contact for pricing
3 E Division Street, Remington, IN 47977
Fully occupied multifamily property with a defined unit mix and residential income profile.
Property Size8,960 SF
Price / SF$66.85
Days on Market141
Property Features for 3 E Division Street
General Information
Standard status
Active
Size
8,960 SF
Class
C
Total Parking Spaces
1216
Property subtype
Multifamily
Zoning
Carpenter
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$57,256
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
6 x 2BR/1BA, 5 x 1BR/1BA
Multifamily Units
11
Additional Details
Cap Rate
9.5%
Building Details
Year Built
1966
Stories
1
Units
11
Tenancy
Multi
Listing Agency:
RE MAX Executives
(219) 987-2230
Listed By:
Trisha Potts · License #IN RB14046118
Source:
Crexi
Added: Apr 14
Changed: Aug 30
Last Checked: Aug 31 at 8:57PM
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 RE MAX Executives
Investment Insights
Based on property information with market context.
This 11-unit apartment property contains 8,960 square feet and was built in 1966. The unit mix includes six two-bedroom, one-bath apartments and five one-bedroom, one-bath apartments. Interior features include baseboard heating and a finished full basement, while the exterior is finished in stone.
The property is located at 3 East Division Street in Remington, Indiana, along US 24 and minutes from Interstate 65. All units are currently occupied, and the property carries a reported 9.5 percent cap rate. The configuration offers a combination of one- and two-bedroom residences within a single multifamily asset.
The property is located at 3 East Division Street in Remington, Indiana, along US 24 and minutes from Interstate 65. All units are currently occupied, and the property carries a reported 9.5 percent cap rate. The configuration offers a combination of one- and two-bedroom residences within a single multifamily asset.
Key Highlights
- 11‑unit apartment property totaling 8,960 square feet
- Unit mix: 6 two‑bedroom/1‑bath units and 5 one‑bedroom/1‑bath units
- Fully occupied multifamily property
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 47977, IN
2,235
Population
1,048
Households
2.1
Avg Household Size
40
Median Age
24%
College-Educated
94%
High-School Grad
86.8 sq mi
ZIP Area
26
Density / Sq Mi
$75,227
Median Household Income
$47,426
Median Earnings
$830
Median Rent
$163,200
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 - Fully occupied multifamily property with a defined unit mix and residential income profile.
Where is this apartment building located?
The property is located at 3 E Division Street Remington, IN.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 11‑unit apartment property totaling 8,960 square feet; Unit mix: 6 two‑bedroom/1‑bath units and 5 one‑bedroom/1‑bath units; Fully occupied multifamily property
