6-Unit Victorian Apartment
397 S 10th Street, Noblesville, IN 46060
For Sale
$450,000
Pending
Commercial Sale, Noblesville, IN
Property SizeContact for details
Lot Size0.20 Acres
Days on Market28
Property Features for 397 S 10th Street
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Listing Agency:
Keller Williams Indy Metro NE · Keller Williams Realty
Listed By:
Kim Alexander
(317) 564-7100
Added: Oct 14
Changed: Oct 23
Last Checked: Nov 10 at 5:06PM
MLS# 22131406
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.
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Investment Insights
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Built in 1900, this six-unit Victorian apartment property includes three units in the main residence and three in a detached carriage house. The main house measures nearly 3,000 SF, while the carriage house has nearly 1,300 SF. Five units are rented. Interior details include two covered porches, original built-ins, woodwork and some hardwood flooring. The property also has updated flooring, fresh paint and newer PEX plumbing; the carriage house has new windows. The roof is 5 years old, and the boiler is approximately 2 years old.
The 0.2-acre corner lot is across from Seminary Park. Downtown Noblesville shops, restaurants, trails, parks and the historic courthouse are within walking distance. Zoning is Residential, and parking is on street. The reported cap rate is approximately 8.5%.
The 0.2-acre corner lot is across from Seminary Park. Downtown Noblesville shops, restaurants, trails, parks and the historic courthouse are within walking distance. Zoning is Residential, and parking is on street. The reported cap rate is approximately 8.5%.
Key Highlights
- Six units across the main residence and a separate carriage house; five are currently rented
- Reported cap rate of approximately 8.5%
- Main residence is nearly 3,000 SF; carriage house is nearly 1,300 SF
Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
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Demographics for 46060, IN
45,073
Population
18,887
Households
2.4
Avg Household Size
35
Median Age
46%
College-Educated
95%
High-School Grad
80.6 sq mi
ZIP Area
559
Density / Sq Mi
$91,141
Median Household Income
$50,557
Median Earnings
$1,215
Median Rent
$292,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Apartment building - A two-building residential rental property pairs a historic main house with a separate carriage house.
Where is this apartment building located?
The property is located at 397 S 10th Street Noblesville, IN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Six units across the main residence and a separate carriage house; five are currently rented; Reported cap rate of approximately 8.5%; Main residence is nearly 3,000 SF; carriage house is nearly 1,300 SF
