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    Elwood, IN Multifamily Properties for Sale

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    Tipton, IN Frankton, IN Alexandria, IN
    Brick Triplex with Off-Street Parking
    $239,900
    1.14 Acres
    Brick Triplex with Off-Street Parking

    1887 S 700 E, Elwood, IN 46036

    Brick triplex with three rental units, laundry connections, and off-street parking on well and septic.
    • Brick ranch triplex built in 1973
    • All 3 units currently rented: 2 on month‑to‑month leases and the third lease expires October 2026
    • Apartment 3 fully renovated in 2025 (new from the studs out, including electrical, plumbing, windows, doors, and appliances)
    • Over an acre of land with plenty of off‑street parking
    • Laundry connections in each unit; tenants pay electric and any cable/internet they use
    Updated: Mar 23
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 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.

    Fourplex with Rear 3BR Unit
    $375,000
    0.41 Acres
    Fourplex with Rear 3BR Unit

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

    714 W Cross Street, Anderson, IN 46011

    View details
    Corner Lot Duplex with Basements
    $155,000
    0.16 Acres
    Corner Lot Duplex with Basements

    Well-kept duplex offers two separate units, each with basement space, plus shared access to a one-car garage and fenced yard.

    1737-1739 Broadway, Anderson, IN 46012

    View details
    Solid Fourplex With Mixed Unit Sizes
    $215,000
    0.17 Acres
    Solid Fourplex With Mixed Unit Sizes

    Four-unit residential income property with two two-bedroom and two one-bedroom units; one 2-bedroom currently rented.

    117 E John Street, Alexandria, IN 46001

    View details
    All-Brick Duplex
    $259,900
    0.68 Acres
    All-Brick Duplex

    Well maintained two-unit duplex in the Frankton School District, with recent roof and updates for income or owner-occupant use.

    2124 Jackson Lane, Anderson, IN 46011

    View details

    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

    View details
    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

    View details
    Prime Land Off US HWY
    $345,500
    2.27 Acres
    Prime Land Off US HWY

    2.27 acres with excellent visibility and easy access.

    Briar Creek lot: #1, Lawrenceburg, KY 40342

    View details
    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

    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
    Lot: 10.00 Acres
    Value Estimation by Request

    37 Sr, Elwood, IN 46036

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    Elwood, IN Multifamily Properties Investment Opportunities Market Analysis

    Explore 2 multifamily properties for sale in Elwood, IN on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $239,900.

    Sale prices for multifamily properties in Elwood, IN start at $239,900, averaging $239,900, and reaching up to $239,900 — 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

    Triplexes 1

    Demographics Overview

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

    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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