Converse, IN
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    Converse, IN Multifamily Properties for Sale

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    Marion, IN Greentown, IN Kokomo, IN
    14-Unit Apartment Complex Opportunity
    $715,000
    7,880 SF
    14-Unit Apartment Complex Opportunity

    408 N Jefferson Street, Converse, IN 46919

    Well-maintained 14-unit complex with ground-level entry, ongoing renovation materials transfer, and added laundry revenue.
    • 14‑unit apartment complex in Converse, directly on Jefferson St (main road)
    • Three buildings: two triplexes and one 8‑plex, with an identified 2‑story layout in the 8‑plex
    • Unit mix includes (4) 2BR/1BA units and (10) 1BR/1BA units
    • On‑site laundry room in the 8‑plex with commercial‑grade machines provided and maintained by a third‑party vendor
    • 10 units have ground‑level entry for easier accessibility
    Updated: Jun 2
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    14-Unit Apartment Complex
    $715,000
    7,880 SF
    14-Unit Apartment Complex

    408 N Jefferson Street, Converse, IN 46919

    Three-building 14-unit complex with ground-level entries and on-site commercial laundry in Converse.
    • 14‑unit apartment complex on Jefferson St in Converse, built in 1970
    • Three buildings: two triplexes and one 8‑plex; 4 units are 2BD/1BA and 10 units are 1BD/1BA
    • 8‑plex is 2‑story and includes on‑site laundry with commercial‑grade machines
    • On‑site laundry room equipment is provided and maintained by a third‑party vendor
    • 10 units have ground‑level entry for easier accessibility
    Updated: May 26
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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 2 Active listings in Converse, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 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.

    Updated Duplex with Two 2BR Units
    $155,000
    1,488 SF
    Updated Duplex with Two 2BR Units

    Well-maintained duplex with two updated 2-bedroom, one-bath units, each with stacked washer/dryer and appliances.

    1320 South Waugh Street, Kokomo, IN 46902

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    Multifamily Property with Parking Lot
    $180,000
    2,880 SF
    Multifamily Property with Parking Lot

    Multifamily property with apartment and paved parking.

    1534 West 2nd Street, Marion, IN 46952

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    Marion Triplex For Sale
    $90,000
    1,780 SF
    Marion Triplex For Sale

    Triplex with apartments and garage in Marion, Indiana.

    1926 West 11th Street, Marion, IN 46953

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    Investment Opportunity: Three Lots, Two Buildings
    $80,000
    1,646 SF
    Investment Opportunity: Three Lots, Two Buildings

    Two buildings, three lots, investment opportunity with rental potential.

    700 North Main Street, Kokomo, IN 46901

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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.

    University Park Developable Land
    Contact for pricing
    3.20 Acres
    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484

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    Vacant Lot in Gated Community
    Contact for pricing
    0.12 Acres
    Vacant Lot in Gated Community

    Vacant lot in gated community with many amenities for seasonal living.

    2795 E 28th Lot 1205 Road, Seneca, IL 61360

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    Residential Land in Mount Gilead
    Contact for pricing
    0.40 Acres
    Residential Land in Mount Gilead

    Land available in Mount Gilead with lake amenities.

    7326 State Route 19, Mount Gilead, OH 43338

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    Residential Land in Mount Gilead
    Contact for pricing
    0.40 Acres
    Residential Land in Mount Gilead

    Land for sale with lake amenities in Mount Gilead.

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

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    Off-Market Properties in Converse, IN

    Consider similar Off-Market properties in Converse, 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.

    211 1st St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 4.55 Acres
    Value Estimation by Request

    211 1st St, Converse, IN 46919

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    210 Vlg St
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,128 SF Lot: 2.50 Acres
    Value Estimation by Request

    210 Vlg St, Converse, IN 46919-9397

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    210 Harrison St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 10.62 Acres
    Value Estimation by Request

    210 Harrison St, Converse, IN 46919-2172

    View details

    Converse, IN Multifamily Properties Investment Opportunities Market Analysis

    Explore 5 multifamily properties for sale in Converse, IN on our real estate platform. These investment opportunities span a total of 15,760 square feet of properties for sale, with an estimated market value of $1,430,000.

    Sale prices for multifamily properties in Converse, IN start at $715,000, averaging $715,000, and reaching up to $715,000 — 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

    Apartment buildings 2

    Demographics Overview

    Population 1,792
    Population Growth (5Y) -32.2%
    Median Household Income $71,033
    College Educated 23.8%

    Taxes & Financing

    Tax Rate (average for all types) 2.72%
    Property Tax per SF $36.82 per SF
    Tax Rate vs County Average 0.33 pp above county avg
    Average Loan-to-Value 65.0%

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