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Duplex with New Roof
For Sale
$169,900

502 S 12th St, New Castle, IN 47362

Both residences feature generous layouts, formal dining rooms, fireplaces, and downstairs laundry hookups.

Property Size2,688 SF
Price / SF$63.21
Days on Market13

Property Features for 502 S 12th St

General Information

Standard status Active
Size 2,688 SF
Property subtype Residential Income

Units

Unit Mix 2 x 3BR/1.5BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,536

Amenities

fireplace
fenced backyard
laundry hookup

Building Details

Buildings 1
Listing Agency: RE/MAX First Integrity
Listed By: Krista Gibson · License #RB17001821
Source: Exprealty
Added: Aug 10 Changed: Aug 22 Last Checked: Aug 22 at 5:27AM

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 First Integrity

Investment Insights

Based on property information with market context.

This 2,688 SF duplex contains two spacious residences, each arranged with three bedrooms, one-and-a-half baths, a formal dining room, a fireplace, tall ceilings, and generously sized rooms. Each unit also includes a downstairs laundry hookup, while fenced backyard space serves the property.

One unit is occupied by a long-term tenant, and the second is expected to be vacant by the end of the month. Recent capital work includes a new roof completed this year and a replacement sewer line extending from the house to the road. Located at 502 S 12th St in New Castle, the property is minutes from downtown.

Key Highlights

  • Two‑unit duplex totaling 2,688 SF
  • Each unit includes 3 bedrooms and 1½ baths
  • One unit has a long‑term tenant in place

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Skin Care Clinic Daycare Center Garden Center (Bike/Boat/Book/etc) Store Dental Office Bakery

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

Location Intelligence

Trade Area within ½ mile

606
Businesses Nearby

Demographics for 47362, IN

30,184
Population
12,523
Households
2.4
Avg Household Size
43
Median Age
15%
College-Educated
89%
High-School Grad
147.7 sq mi
ZIP Area
204
Density / Sq Mi
$56,564
Median Household Income
$38,568
Median Earnings
$792
Median Rent
$131,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Both residences feature generous layouts, formal dining rooms, fireplaces, and downstairs laundry hookups.
Where is this duplex located?
The property is located at 502 S 12th St New Castle, IN.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,688 SF; Each unit includes 3 bedrooms and 1½ baths; One unit has a long‑term tenant in place
More about this property
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