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    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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Monrovia, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Duplex With Occupied Units
    Duplex With Occupied Units

    234-236 Lehr Dr, Mooresville, IN 46158

    $249,900
    24,873 sqft

    Two occupied units include appliances and laundry hookups.

    View details
    Bi-Level Townhouse Duplex
    Bi-Level Townhouse Duplex

    579-589 S Graham Street, Martinsville, IN 46151

    $245,000
    0.22 AC lot

    Two attached residences offer flexible owner-occupant or rental use with private outdoor areas and dedicated storage.

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    Brick Duplex with Tenant Occupancy
    Brick Duplex with Tenant Occupancy

    234-236 Lehr Drive, Mooresville, IN 46158

    $249,900
    0.57 AC lot

    Two occupied units offer established tenancy, appliance packages, and laundry hookups.

    View details
    Eight-Unit Apartment Portfolio
    Eight-Unit Apartment Portfolio

    60 West Harrison Street, Martinsville, IN 46151

    Contact for pricing
    3,720 sqft

    Two adjacent buildings offer a consistent two-bedroom unit mix with recent renovations and one apartment under construction.

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    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Morgan County

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