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Historic Duplex with Covered Porch
For Sale
$139,900

302 N College Ave, Greencastle, IN 46135

Fully leased duplex with spacious interiors, included kitchen appliances, and outdoor areas near downtown shops and DePauw University.

Property SizeContact for details
Days on Market35

Property Features for 302 N College Ave

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 2

Amenities

covered front porch
open deck
large yard

Building Details

Year Built 1900
Buildings 1
Listing Agency: Prime Real Estate ERA Powered
Listed By: Eric Wolfe · License #MBR25107
Source: Megandusing
Added: Jul 27 Changed: Aug 29 Last Checked: Aug 29 at 6:35PM

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 Prime Real Estate ERA Powered

Investment Insights

Based on property information with market context.

Built in 1900, this two-unit property combines historic character with practical residential features. Both units are fully leased and offer generously sized rooms, tall ceilings, vinyl siding, and kitchen appliances that remain with the property. A covered front porch and open rear deck extend the usable outdoor space, while the large yard provides room for recreation, parking, or future expansion as described in the property information.

The duplex is positioned one block from historic downtown shops and restaurants and within a short walk of the DePauw University campus. Its downtown setting, two-unit configuration, existing leases, and established outdoor areas provide a clear profile for an investor seeking a leased residential property.

Key Highlights

  • Two‑unit duplex built in 1900
  • Both units are fully leased
  • Large rooms and high ceilings in each unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Pharmacy Garden Center Locksmith Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

592
Businesses Nearby

Demographics for 46135, IN

19,869
Population
7,148
Households
2.8
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
167.1 sq mi
ZIP Area
119
Density / Sq Mi
$70,847
Median Household Income
$33,314
Median Earnings
$902
Median Rent
$200,900
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?
Duplex - Fully leased duplex with spacious interiors, included kitchen appliances, and outdoor areas near downtown shops and DePauw University.
Where is this duplex located?
The property is located at 302 N College Ave Greencastle, IN.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1900; Both units are fully leased; Large rooms and high ceilings in each unit
More about this property
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