6-Unit Victorian Apartment
New
For Sale
$450,000
397 S 10th Street, Noblesville, IN 46060
Commercial Sale, Noblesville, IN
Property SizeContact for details
Lot Size0.20 Acres
Days on Market2
Property Features for 397 S 10th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Residential
Bedrooms
7
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bathroom 1, Basement, Bathroom 6, Bedroom 5, Bedroom 7, Bedroom 6, Bathroom 5, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 4
Parking features
On Street
Exterior features
Carriage/Guest House
Basement
Exterior Entry, Interior Entry
Lot features
City Lot, Corner Lot, Sidewalks, Mature Trees
View
Park
Elementary school
Stony Creek Elementary School
Middle school
Noblesville East Middle School
High school
Noblesville High School
Elementary school district
Noblesville Schools
Middle school district
Noblesville Schools
High school district
Noblesville Schools
Directions
GPS Friendly
Subdivision
2914 - Hamilton - Noblesville
Standard status
Active
APN
291106502008000013
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Acreage .00, Section 6, Township 18, Range 5, F W Emmons, Lot 4, Block 3
Tax Annual Amount
7834
Legal Description
Acreage .00, Section 6, Township 18, Range 5, F W Emmons, Lot 4, Block 3
Utilities
Heating system
Baseboard, Hot Water(Heating)
Cooling system
Window Unit(s)
Amenities
covered porches
Building Details
Year built
1900
Floors in Building
2
Number of units
6
Building materials
Wood Siding, Vinyl Siding
Roof type
Shingle
Architectural style
Victorian
Additional Structures
Guest House
Listing Agency:
Keller Williams Indy Metro NE · Keller Williams Realty
Listed By:
Kim Alexander
(317) 564-7100
Added: Oct 14
Last Checked: Oct 15 at 11:06AM
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.
Investment Insights
Based on property information with market context.
This six-unit apartment property at 397 S 10th Street includes a Victorian main house and a separate carriage house. Three units occupy the nearly 3,000-square-foot main residence, with three more in the nearly 1,300-square-foot carriage house. Five units are currently rented. The 0.2-acre corner parcel has mature trees, two covered porches, original built-ins, woodwork and some hardwood flooring. Updates include flooring and paint in all units, newer PEX plumbing, a roof and boiler approximately five years old, and newer carriage-house windows. Heating is by baseboard and hot water, with window-unit cooling; parking is on street.
Built in 1900, the property is across from Seminary Park. Downtown Noblesville shops, dining, the historic courthouse, trails and parks are within walking distance. The reported cap rate is approximately 8.5%.
Built in 1900, the property is across from Seminary Park. Downtown Noblesville shops, dining, the historic courthouse, trails and parks are within walking distance. The reported cap rate is approximately 8.5%.
Key Highlights
- Six units across a main house and separate carriage house
- Three units in the nearly 3,000 SF main home; three in the nearly 1,300 SF carriage house
- Five units are currently rented; reported cap rate is approximately 8.5%
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
Explore this area
Business Placement
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - A two-building rental property pairs a historic main residence 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 a main house and separate carriage house; Three units in the nearly 3,000 SF main home; three in the nearly 1,300 SF carriage house; Five units are currently rented; reported cap rate is approximately 8.5%
