501 N Broadway Street Butler, IN 46721

Building Details

Year Built

1900

Listing office RE/MAX Results j***@remax.net Show Phone

Listing date May 19, 2026

Source Crexi

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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.

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FAQs

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.