Butler, IN Multifamily Properties for Sale

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Updated: May 18

Six-Unit Apartment Building

501 N Broadway Street, Butler, IN 46721

$260,000

3,712 sqft 0.18 AC lot

Six‑unit multi‑family building with two 2‑bedroom units and four 1‑bedroom units
Off‑street parking for up to six residents and a shared laundry facility
Private full bathrooms in every unit; each unit includes a kitchen with refrigerator, stove, and cabinet storage
Detached garage for additional storage and maintenance/tool needs
Durable exterior with vinyl siding and a metal roof; asphalt shingle roofing noted

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Updated: May 19

Butler Multifamily Investment Opportunity

501 N Broadway Street, Butler, IN 46721

Contact for pricing

3,712 sqft

High cash flow potential with a cap rate of 10% or greater.
Six‑unit apartment building with a mix of 2‑bedroom and 1‑bedroom units.
Convenient location near downtown Butler and major employers.
Low‑maintenance exterior with vinyl siding and metal roof.
Tenants pay all utilities, maximizing owner profitability.

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Downtown Butler Buildings For Sale

135-137 S Broadway St, Butler, IN

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21.41 AC lot

Two downtown buildings with remodeling potential in Butler, Indiana.

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Renovated Multifamily Property in Butler

117 S Broadway St, Butler, IN 46721

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14,238 sqft 0.30 AC lot

Recently renovated 18-unit multifamily property in North Butler, Indiana.

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Mixed-Use Property with Income Potential

230-232 S Bdwy St, Butler, IN

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6,505 sqft 0.28 AC lot

Bar, ice cream parlor, and apartments in Butler, Indiana.

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Based on your search, we've compiled 28 Potential Opportunities for your consideration. Besides 5 Active listings in Butler, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 15 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Fully Renovated Duplex for Income

200 E King Street, Garrett, IN 46738

$167,900

2,152 sqft 0.06 AC lot

Two vacant renovated 2-bedroom units with separately metered utilities, ready for immediate occupancy or tenant placement.

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Residential Income Portfolio

601 N Jackson St, Auburn, IN 46706

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Investment package includes 10 properties and 36 income-producing doors across multiple cities.

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Two-Unit Duplex with Original Charm

403 & 405 N Main, Auburn, IN 46706

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As-is duplex with original woodwork and included kitchen appliances for both units, with roof work completed about five years ago.

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Downtown Rented Triplex

217 W 2nd, Garrett, IN 46738

Contact for pricing

Three-unit triplex is fully rented, with recent updates to the units, and is offered sold as-is.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Expansive Land with Development Potential

VL N Fleming Road, Fowlerville, MI 48836

$6,900,000

354.27 AC lot

350+ acres of prime land with two scenic lakes.

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Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

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0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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Residential Land in Mount Gilead

7326 State Route 19, Mount Gilead, OH 43338

Contact for pricing

0.40 AC lot

Land available in Mount Gilead with lake amenities.

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Residential Land in Mount Gilead

7326 State Route 19, Unit 6, Lots 90,91,92, Mount Gilead, OH 43338

Contact for pricing

0.40 AC lot

Land for sale with lake amenities in Mount Gilead.

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Off-Market Properties in Butler, IN

Consider similar Off-Market properties in Butler, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

MOBILE HOME PARK, TRAILER PARK

Canal St, Butler, IN 46721

Value Estimation by Request

17.58 AC lot

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MOBILE HOME PARK, TRAILER PARK

State Rd 1st At County Road, Butler, IN 46721

Value Estimation by Request

20.00 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

124 Broadway St, Butler, IN 46721-1304

Value Estimation by Request

3,174 sqft 0.05 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

504 Beech St, Butler, IN 46721-1182

Value Estimation by Request

2,656 sqft 0.39 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

508 Beech St, Butler, IN 46721-1181

Value Estimation by Request

2,656 sqft 0.39 AC lot

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MOBILE HOME PARK, TRAILER PARK

2544 County Rd 75, Butler, IN 46721-9431

Value Estimation by Request

60.00 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

133 Broadway St, Butler, IN 46721-1303

Value Estimation by Request

3,660 sqft 0.06 AC lot

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Multifamily properties

117 Broadway St, Butler, IN 46721

Value Estimation by Request

0.30 AC lot

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MOBILE HOME PARK, TRAILER PARK

Willow St, Butler, IN 46721

Value Estimation by Request

0.69 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

207 Main St, Butler, IN 46721-1366

Value Estimation by Request

3,552 sqft 0.25 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

411 Liberty St, Butler, IN 46721-1183

Value Estimation by Request

1,924 sqft 0.16 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

225 Broadway St, Butler, IN 46721-1305

Value Estimation by Request

3,969 sqft 0.06 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

135 Broadway St, Butler, IN 46721-1303

Value Estimation by Request

4,424 sqft 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

215 Broadway St, Butler, IN 46721-1305

Value Estimation by Request

5,842 sqft 0.05 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

512 516th N Beech St, Butler, IN 46721

Value Estimation by Request

2,656 sqft 0.93 AC lot

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Butler, IN Multifamily Properties Market Trends and Statistics

Explore 20 multifamily properties for sale in Butler, IN, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 28,167 square feet of properties for sale, with an estimated market value of $260,000.

Sale prices for multifamily properties in Butler, IN average $260,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 4,890

Population Growth (5Y) -1.8%

Median Household Income $67,969

College Educated 14.7%

High-Yield Neighborhoods for Investment

Identify Butler submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
46721	$435K

Taxes & Financing

Tax Rate (average for all types) 1.50%

Property Tax per SF $27.39 per SF

Tax Rate vs County Average 0.31 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in DeKalb County

New Delisted

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Butler, IN Multifamily Properties for Sale

501 N Broadway Street, Butler, IN 46721

501 N Broadway Street, Butler, IN 46721

135-137 S Broadway St, Butler, IN

117 S Broadway St, Butler, IN 46721

230-232 S Bdwy St, Butler, IN

Opportunities in Nearby Cities

200 E King Street, Garrett, IN 46738

601 N Jackson St, Auburn, IN 46706

403 & 405 N Main, Auburn, IN 46706

217 W 2nd, Garrett, IN 46738

Potential Development Sites for Consideration

VL N Fleming Road, Fowlerville, MI 48836

4418 Oakland Court, Wheatfield, IN 46392

7326 State Route 19, Mount Gilead, OH 43338

7326 State Route 19, Unit 6, Lots 90,91,92, Mount Gilead, OH 43338

Off-Market Properties in Butler, IN

Canal St, Butler, IN 46721

State Rd 1st At County Road, Butler, IN 46721

124 Broadway St, Butler, IN 46721-1304

504 Beech St, Butler, IN 46721-1182

508 Beech St, Butler, IN 46721-1181

2544 County Rd 75, Butler, IN 46721-9431

133 Broadway St, Butler, IN 46721-1303

117 Broadway St, Butler, IN 46721

Willow St, Butler, IN 46721

207 Main St, Butler, IN 46721-1366

411 Liberty St, Butler, IN 46721-1183

225 Broadway St, Butler, IN 46721-1305

135 Broadway St, Butler, IN 46721-1303

215 Broadway St, Butler, IN 46721-1305

512 516th N Beech St, Butler, IN 46721

Butler, IN Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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