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Renovated Apartment Complex Investment Opportunity
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513 N GARDNER ST, Scottsburg, IN

Fully leased, renovated 10-unit apartment complex in Scottsburg, Indiana.

Property Size4,531 SF
Lot Size0.44 Acres
Price / SF$175.46
Days on Market391

Property Features for 513 N GARDNER ST

General Information

Standard status Active
Size 4,531 SF
Lot size 0.44 Acres
Property subtype MULTIFAMILY
Listing Agency: EXP Realty
Listed By: William Andes
Source: Moodyscre
Added: Jul 29, 2025 Changed: Aug 8 Last Checked: Aug 23 at 11:54AM

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 EXP Realty

Investment Insights

Based on property information with market context.

This 10-unit apartment complex in Scottsburg presents an investment opportunity. The property is fully leased and cash flowing. Located on the corner of N Gardner Street and Lakeshore Drive, this multifamily property has undergone renovations throughout the units, providing modernized interiors. Each unit has been updated to enhance comfort and functionality. The property layout is efficient and accessible, with ample parking available for residents and guests. The complex is within walking distance of Lake Lola Park, providing access to paved walking trails. It is also minutes from downtown Scottsburg, offering access to dining, shopping, local businesses, and community amenities. With access to I-65, residents benefit from an easy commute to nearby employment hubs. The property size is 4,531 square feet.

Key Highlights

  • Fully leased 10‑unit apartment complex offering immediate returns.
  • Prime location on a high‑visibility corner near Lake Lola Park and downtown Scottsburg.
  • Recently renovated units with modernized interiors appealing to renters.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Kitchen & Bath Showroom HVAC Service Storage Facility Real Estate Agency Big Box & Wholesale Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

434
Businesses Nearby

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?
Apartment building - Fully leased, renovated 10-unit apartment complex in Scottsburg, Indiana.
Where is this apartment building located?
The property is located at 513 N GARDNER ST Scottsburg, IN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Fully leased 10‑unit apartment complex offering immediate returns.; Prime location on a high‑visibility corner near Lake Lola Park and downtown Scottsburg.; Recently renovated units with modernized interiors appealing to renters.
(502) 322-2110 Call to check price and availability
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