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    Monrovia, IN
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    Monrovia, IN Multifamily Properties for Sale

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    Martinsville, IN Mooresville, IN Clayton, IN Brooklyn, IN Plainfield, IN Stilesville, IN Danville, IN Camby, IN
    Three-Unit Multifamily Building
    Updated: Jul 23
    Three-Unit Multifamily Building

    285 S Chestnut St, Monrovia, IN 46157

    Contact for pricing
    2,320 sqft
    2,320 SF low‑rise multifamily building
    Three spacious units in a garden‑style, low‑rise setup
    Year built: 1970
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Monrovia, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Single-Story Duplex Income Property
    Single-Story Duplex Income Property

    1145-1155 Leota Drive, Martinsville, IN 46151

    $250,000
    0.27 AC lot

    Well-maintained duplex built in 2006 with updated roof and units available for leasing or occupancy.

    View details
    Two-Unit Brick Duplex
    Two-Unit Brick Duplex

    1409 1411 Crabapple Court, Martinsville, IN 46151

    $275,000
    0.31 AC lot

    Occupied duplex with included appliances, central air, and owner-paid water and lawn mowing.

    View details
    Updated Duplex with Tenant Occupancy
    Updated Duplex with Tenant Occupancy

    234-236 Lehr Drive, Mooresville, IN 46158

    $264,900
    0.57 AC lot

    Brick duplex with occupied units, recent improvements, appliances, and laundry hookups in each residence.

    View details
    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    48-50 1/2 E Main Street, Mooresville, IN 46158

    $276,000
    0.22 AC lot

    Four fully occupied 1-bedroom, 1-bath units on a corner lot with dedicated tenant parking.

    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.

    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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    Rough River Lake Area Land
    Rough River Lake Area Land

    310 Tules Creek Loop, Westview, KY 40178

    Contact for pricing
    0.97 AC lot

    Unrestricted land near Rough River Lake with multiple uses.

    View details
    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
    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.

    View details

    Monrovia, IN Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Monrovia, IN on our real estate platform. These investment opportunities span a total of 2,320 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Triplexes 1

    Demographics Overview

    Population 4,370
    Population Growth (5Y) +8.0%
    Median Household Income $74,286
    College Educated 26.1%

    Taxes & Financing

    Tax Rate (average for all types) 1.20%
    Property Tax per SF $21.03 per SF
    Tax Rate vs County Average 0.08 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Morgan County

    New Delisted

    Total CRE Inventory on Market (SF)

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