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10-Unit Apartment Complex
For Sale
$575,000

9633 W State Road 56 ***, French Lick, IN 47432

A separate two-bedroom residence with a laundry facility is included alongside the apartments.

Property SizeContact for details
Days on Market10

Property Features for 9633 W State Road 56 ***

General Information

Standard status Active
Property subtype Commercial

Additional Details

Multifamily Units 10

Amenities

laundry facility
storage facility

Building Details

Year Built 1948
Listing Agency: Williams Carpenter Realtors
Listed By: Matthew Corey · License #RB17001655
Source: Jmrealtyonline
Added: Oct 21 Changed: Oct 30 Last Checked: Oct 28 at 3:15PM

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 Williams Carpenter Realtors

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Investment Insights

Based on property information with market context.

The property includes 10 efficiency apartments and a separate 2-bedroom, 1-bath row house with a laundry facility. An additional storage facility is on site, and the grounds offer room to expand the unit count. Asphalt parking areas are located on both the east and west sides of the property. Appliances and furnishings are included; the property’s year built is 1948.

Located near downtown French Lick, the property sits along State Road 56. The site comprises nearly an acre, and a second laundry use is identified as a possibility.

Key Highlights

  • 10 efficiency apartments
  • Separate 2‑bedroom, 1‑bath row house with a laundry facility
  • Nearly an acre of ground with room to expand the unit count

Property Analytics

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

Demographics for 47432, IN

4,429
Population
2,213
Households
2
Avg Household Size
45
Median Age
16%
College-Educated
85%
High-School Grad
77.8 sq mi
ZIP Area
57
Density / Sq Mi
$64,162
Median Household Income
$39,695
Median Earnings
$784
Median Rent
$101,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A separate two-bedroom residence with a laundry facility is included alongside the apartments.
Where is this apartment building located?
The property is located at 9633 W State Road 56 *** French Lick, IN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 10 efficiency apartments; Separate 2‑bedroom, 1‑bath row house with a laundry facility; Nearly an acre of ground with room to expand the unit count
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