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10-Unit Apartment Building
For Sale
$795,000

525 N Gardner Street, Scottsburg, IN 47170

COMMERCIAL - Vienna, IN

Property Size4,531 SF
Lot Size0.35 Acres
Price / SF$175.46
Days on Market47

Property Features for 525 N Gardner Street

General Information

Property type Commercial Sale
Property subtype Other
Directions I-65N to exit 29 East on McLain Ave to Gardner St (Hwy 31), left on Gardner, property on the right.
Standard status Active
APN 0078330519
Size 4,531 SF
Lot size 0.35 Acres

Taxes and HOA fees

Tax Year 4049
Tax Description NE1/4 NEQR 19-3-7 .35A WATERSHED
Tax Annual Amount 2724
Legal Description NE1/4 NEQR 19-3-7 .35A WATERSHED

Building Details

Year built 1949
Listing Agency: eXp Realty, LLC
Listed By: William Andes
Added: Jun 25 Changed: Aug 9 Last Checked: Aug 10 at 11:06PM
MLS# 202609450

Copyright © 2026 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This fully leased 10-unit apartment complex is a turnkey income property with an efficient layout and ample on-site parking. The building was originally built in 1949 and the units have been thoughtfully updated with recent renovations throughout, supporting modern, comfortable living spaces for residents. The property sits on a 0.35-acre lot and totals 4,531 square feet.

Located at 525 N Gardner Street in Vienna, Indiana, the complex is positioned on a highly visible corner of N Gardner Street and Lakeshore Drive. Lake Lola Park is described as steps away, with walking trails around the lake and convenient access to outdoor recreation and green space. The property is also minutes from downtown Scottsburg for nearby dining, shopping, and everyday amenities.

The listing further notes quick access to I-65, which can support convenient commuting for tenants.

Key Highlights

  • Fully leased 10‑unit apartment complex
  • Recent renovations throughout the units
  • Corner location at N Gardner Street and Lakeshore Drive in Vienna, IN

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.

Lease Details

10
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

498
Businesses Nearby

Demographics for 47170, IN

14,877
Population
6,313
Households
2.4
Avg Household Size
41
Median Age
13%
College-Educated
83%
High-School Grad
146.3 sq mi
ZIP Area
102
Density / Sq Mi
$57,661
Median Household Income
$41,603
Median Earnings
$831
Median Rent
$148,600
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?
Apartment building - Fully leased 10-unit apartment complex with recent unit renovations and on-site parking.
Where is this apartment building located?
The property is located at 525 N Gardner Street 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; Recent renovations throughout the units; Corner location at N Gardner Street and Lakeshore Drive in Vienna, IN
More about this property
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