Butler Multifamily Investment
For Sale
Contact for pricing
501 N Broadway Street, Butler, IN 46721
Six-unit apartment building with strong cash flow potential.
Property Size3,712 SF
Price / SF$70.04
Days on Market104
Property Features for 501 N Broadway Street
General Information
Standard status
Active
Size
3,712 SF
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
City
Occupancy
66%
Investment Type
Stabilized
Net Operating Income
$28,092
Building Details
Year Built
1900
Buildings
1
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
RE/MAX Results
(260) 316-7735
Listed By:
John Stock · License #RB14026803
Source:
Crexi
Added: May 19
Changed: Aug 13
Last Checked: Aug 28 at 2:48PM
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 Results
Investment Insights
Based on property information with market context.
This six-unit apartment building in Butler presents a multifamily investment opportunity. The property features two 2-bedroom units and four 1-bedroom units. The building is located near downtown Butler, with commuting distance to local factories and major employers. The exterior is designed for low maintenance, featuring vinyl siding and a metal roof. There is off-street parking for up to six residents, a shared laundry facility, and private full bathrooms in every unit. Each apartment includes a kitchen equipped with a refrigerator, stove, and cabinet storage. A detached garage provides additional storage space. Tenants pay all utilities. The current owners utilize professional property management. The property size is 3712 square feet.
Key Highlights
- High cash flow potential with a cap rate of 10% or greater.
- Six‑unit apartment building with a mix of 2‑bedroom and 1‑bedroom units.
- Convenient location near downtown Butler and major employers.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 46721, IN
4,907
Population
2,075
Households
2.4
Avg Household Size
39
Median Age
12%
College-Educated
89%
High-School Grad
78.5 sq mi
ZIP Area
63
Density / Sq Mi
$67,969
Median Household Income
$41,796
Median Earnings
$810
Median Rent
$124,300
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 - Six-unit apartment building with strong cash flow potential.
Where is this apartment building located?
The property is located at 501 N Broadway Street Butler, IN.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: High cash flow potential with a cap rate of 10% or greater.; Six‑unit apartment building with a mix of 2‑bedroom and 1‑bedroom units.; Convenient location near downtown Butler and major employers.
