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    Elwood, IN Multifamily Properties for Sale

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    Three-Unit Triplex for Investors
    Updated: Jun 22
    Three-Unit Triplex for Investors

    1225 S 25th Street, Elwood, IN 46036

    $150,000
    0.13 AC lot
    3‑unit multifamily (triplex) in Elwood with approx. 3,664 sq ft of living space
    2 of the 3 units are currently occupied for immediate rental income potential
    One unit is renovated or planned for repositioning, while the property is in need of repairs and updates
    Built in 1899 with an asphalt roof
    Exterior features include a fire pit
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    Multifamily Apartment Community
    Updated: Mar 30
    Multifamily Apartment Community

    3033 S P St, Elwood, IN 46036

    $2,900,000
    Pine Grove Apartments is a 42‑unit multifamily community in Elwood, IN.
    Unit mix includes 8 two‑bed/one‑bath, 27 one‑bed/one‑bath, and 7 studios.
    Seven single‑story buildings totaling 25,768 sq. ft. on a 4.45‑acre lot.
    Built in 1982 with consistent occupancy.
    Tenants pay electric utilities, supporting stable operating structure.
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Elwood, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    Renovated Multifamily with Retail
    Renovated Multifamily with Retail

    112 South Harrison Street, Alexandria, IN 46001

    $499,000
    10,200 sqft

    Renovated 1999 multifamily includes 10 apartments plus two commercial spaces, including a salon and a three-bay shop.

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    Triplex Investment Property
    Triplex Investment Property

    604 Hendricks Street, Anderson, IN 46016

    $200,000
    0.19 AC lot

    Triplex with two 2-bedroom units and one 1-bedroom unit, separately metered electric, and tenant water/sewer utility charges.

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    Fourplex Income Property
    Fourplex Income Property

    117 E John Street, Alexandria, IN 46001

    $215,000
    0.17 AC lot

    Solid fourplex with two 2-bedroom and two 1-bedroom units, including three current leases and one vacant unit.

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    Fourplex with Rear 3BR Unit
    Fourplex with Rear 3BR Unit

    714 W Cross Street, Anderson, IN 46011

    $375,000
    0.41 AC lot

    Fully occupied five-unit rental setup with four 2-bedroom units plus a separate 3-bedroom, 2-bath rear unit.

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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.

    Wooded Homesite in Wheatfield, Indiana
    Wooded Homesite in Wheatfield, Indiana

    4418 Oakland Court, Wheatfield, IN 46392

    Contact for pricing
    0.57 AC lot

    Spacious, wooded 0.57-acre lot in established neighborhood.

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    University Park Developable Land
    University Park Developable Land

    976 Mesa Court, University Park, IL 60484

    Contact for pricing
    3.20 AC lot

    3.2 acres with 24 concrete housing pads in University Park.

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    Prime Land Off US HWY
    Prime Land Off US HWY

    Briar Creek lot: #1, Lawrenceburg, KY 40342

    $345,500
    2.27 AC lot

    2.27 acres with excellent visibility and easy access.

    View details
    Residential Land in Mount Gilead
    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.

    View details

    Off-Market Properties in Elwood, IN

    Consider similar Off-Market properties in Elwood, 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.

    37 Sr
    MOBILE HOME PARK, TRAILER PARK

    37 Sr, Elwood, IN 46036

    Value Estimation by Request
    10.00 AC lot
    View details

    Elwood, IN Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Elwood, IN on our real estate platform.

    Sale prices for multifamily properties in Elwood, IN start at $150,000, averaging $1,525,000, and reaching up to $2,900,000 — 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 1
    Triplexes 1

    Demographics Overview

    Population 11K
    Population Growth (5Y) -5.4%
    Median Household Income $59,082
    College Educated 14.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    46036 $150K

    Taxes & Financing

    Tax Rate (average for all types) 2.82%
    Property Tax per SF $43.44 per SF
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Madison County

    New Delisted

    Total CRE Inventory on Market (SF)

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