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Updated Multifamily Property with Coach Homes
For Sale
Contact for pricing
Pending

509 N Main St, Hebron, IN 46341

Commercially zoned property with a primary residence, two accessory homes, detached garage, and pole barn.

Property SizeContact for details
Days on Market143

Property Features for 509 N Main St

General Information

Standard status Pending
Property subtype Retail, Multifamily
Zoning Commercial

Units

Unit Mix 1 x 4BR/3BA, 1 x 2BR/1BA 696 sq ft, 1 x 1BR/1BA 454 sq ft
Multifamily Units 3
Listing Agency: Double Diamond Real Estate
Listed By: Diane Schwader · License #IN
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 2:06AM

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 Double Diamond Real Estate

Investment Insights

Based on property information with market context.

This multifamily property combines an updated one-and-a-half-story Cape Cod residence with two separate coach homes on over an acre. The main home includes four bedrooms, three baths, an open living and dining area, fireplace, remodeled kitchen, first-floor primary suite, laundry, mudroom, basement storage, back deck, and patio. Kitchen improvements include granite counters, Shaker cabinetry, double ovens, a gas cooktop, range hood, pot filler, and appliance package. Additional systems and features include a jetted primary bath tub, custom closets, tankless water heater, 96% high-efficiency furnace and air conditioning, and 200-amp service.

The first coach home measures 696 Sq Ft with two bedrooms, one bath, living, dining, kitchen, and laundry. The second provides 454 Sq Ft with one bedroom, one bath, kitchen, and laundry. Site improvements also include a detached garage and a 40 X 63 X12h pole barn built in 1999. The property is zoned commercial.

Key Highlights

  • Multifamily property on over an acre of land
  • Two coach homes: 696 Sq Ft with 2 Bed 1 Bath and 454 Sq Ft with 1 Bed 1 Bath
  • Updated primary residence with 4 bedrooms, 3 baths, and first‑floor primary suite

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Hair Salon (Bike/Boat/Book/etc) Store Bakery Furniture & Home Goods Garden Center

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

241
Businesses Nearby

Demographics for 46341, IN

10,518
Population
4,179
Households
2.5
Avg Household Size
42
Median Age
20%
College-Educated
94%
High-School Grad
95.5 sq mi
ZIP Area
110
Density / Sq Mi
$99,444
Median Household Income
$55,298
Median Earnings
$897
Median Rent
$248,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Multifamily property - Commercially zoned property with a primary residence, two accessory homes, detached garage, and pole barn.
Where is this multifamily property located?
The property is located at 509 N Main St Hebron, IN.
What are key features of this property?
This property features: Multifamily property on over an acre of land; Two coach homes: 696 Sq Ft with 2 Bed 1 Bath and 454 Sq Ft with 1 Bed 1 Bath; Updated primary residence with 4 bedrooms, 3 baths, and first‑floor primary suite
(219) 671-1662 Call to check price and availability
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