New Castle, IN Multifamily Properties for Sale

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Updated: Jun 23

All-Electric Triplex with Detached Garage

933 S 14TH ST, New Castle, IN 47362

$129,900

2,736 sqft 0.18 AC lot

All‑electric triplex with 3 separately metered units; tenants pay their own electric bills
Main‑level primary unit offers 800+ SF with living room, 1 large bedroom, full bath, and good‑sized kitchen
Additional main‑level unit: 1‑bedroom with private entrance and small deck; needs a few finishing touches
Upstairs unit provides 900 SF with 2 bedrooms, roomy living room, kitchen, and full bathroom
Includes all appliances, plus a washer and dryer in each unit

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Updated: Jul 10

Two-Unit Duplex with Private Garages

1618 Plymouth Drive, New Castle, IN 47362

$229,900

0.21 AC lot

Well‑maintained duplex built in 1968 at 1618–1620 Plymouth Dr, Newcastle, IN
Each unit has 2 bedrooms and 1.5 bathrooms
Units feature bright living areas and functional kitchens with ample cabinet space
In‑unit laundry hookups included in each unit
Each unit has a private detached garage for secure parking and extra storage

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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 45 Potential Opportunities for your consideration. Besides 2 Active listings in New Castle, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 35 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.

Three-Unit Residential Income Package

617 W Memorial Drive, Muncie, IN 47302

$219,900

1,134 sqft 0.11 AC lot

For-sale package includes three residential income units in Muncie, IN, with a total listed size of 1,134 sq. ft.

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Five-Unit Mixed-Use Building

28 N Washington Street, Knightstown, IN 47362

$325,000

7,872 sqft 0.10 AC lot

Five-unit property with fully renovated residential units and updated bathrooms, with utilities separately metered for tenants.

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Five-Unit Mixed-Use Building

28 N Washington Street, Knightstown, IN 46148

$325,000

0.10 AC lot

Updated five-unit building with individually metered gas and electric, plus owner-paid water.

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Triplex Investment Property

1709-1711 S Blaine Street, Muncie, IN 47302

$85,000

For sale triplex in Muncie, IN, offering three rental units under a single ownership structure.

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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

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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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.

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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.

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Residential Land in Mount Gilead

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

Contact for pricing

0.40 AC lot

Land for sale with lake amenities in Mount Gilead.

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Off-Market Properties in New Castle, IN

Consider similar Off-Market properties in New Castle, 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.

MOBILE HOME PARK, TRAILER PARK

1003 County Rd 300th N, New Castle, IN 47362-9264

Value Estimation by Request

1.53 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

3038 Us Hwy 36th E, New Castle, IN 47362-9306

Value Estimation by Request

6,025 sqft 4.94 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1933 18th St, New Castle, IN 47362

Value Estimation by Request

6,184 sqft 0.42 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1805 H Ave, New Castle, IN 47362-2622

Value Estimation by Request

2,620 sqft 0.12 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1902 Rosemont Ave, New Castle, IN 47362-2026

Value Estimation by Request

2,816 sqft 0.19 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2320-2324 State St, New Castle, IN 47362

Value Estimation by Request

1,725 sqft 1.73 AC lot

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MOBILE HOME PARK, TRAILER PARK

3052 Gary St, New Castle, IN 47362-9286

Value Estimation by Request

12.71 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1302 14th St, New Castle, IN 47362-2748

Value Estimation by Request

2,520 sqft 0.23 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2225 14th St, New Castle, IN 47362-2253

Value Estimation by Request

1,472 sqft 0.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2404 State St, New Castle, IN 47362-3548

Value Estimation by Request

1,725 sqft 0.19 AC lot

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MOBILE HOME PARK, TRAILER PARK

600 31st St, New Castle, IN 47362-3637

Value Estimation by Request

20.34 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2403 14th St, New Castle, IN 47362-2108

Value Estimation by Request

2,789 sqft 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1518 17th St, New Castle, IN 47362-2756

Value Estimation by Request

2,232 sqft 0.12 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1509 Washington St, New Castle, IN 47362-4373

Value Estimation by Request

2,144 sqft 0.85 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2129 Grand Ave, New Castle, IN 47362-2551

Unit 2131

Value Estimation by Request

1,549 sqft 0.08 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

914 Mourer St, New Castle, IN 47362-5260

Value Estimation by Request

4,752 sqft 0.17 AC lot

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MOBILE HOME PARK, TRAILER PARK

300 Glenwood Dr, New Castle, IN 47362-1269

Value Estimation by Request

8.41 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2000 A Ave, New Castle, IN 47362-2565

Value Estimation by Request

1,692 sqft 0.10 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1327 18th St, New Castle, IN 47362-2606

Value Estimation by Request

2,288 sqft 0.12 AC lot

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MOBILE HOME PARK, TRAILER PARK

1804-1812 Midway Dr, New Castle, IN 47362

Value Estimation by Request

1.40 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1600 Plymouth Dr, New Castle, IN 47362-1881

Value Estimation by Request

3,000 sqft 0.27 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1559-1561 Broad St, New Castle, IN 47362

Value Estimation by Request

9,414 sqft 0.07 AC lot

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New Castle, IN Multifamily Properties Market Trends and Statistics

Explore 37 multifamily properties for sale in New Castle, 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 $229,900.

Sale prices for multifamily properties in New Castle, IN start at $229,900, averaging $229,900, and reaching up to $229,900 — 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

Demographics Overview

Population 29K

Population Growth (5Y) -1.9%

Median Household Income $56,564

College Educated 20.0%

Taxes & Financing

Tax Rate (average for all types) 2.25%

Property Tax per SF $49.50 per SF

Tax Rate vs County Average 0.03 pp below county avg

Average Loan-to-Value 65.0%

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New Castle, IN Multifamily Properties for Sale

933 S 14TH ST, New Castle, IN 47362

1618 Plymouth Drive, New Castle, IN 47362

Opportunities in Nearby Cities

617 W Memorial Drive, Muncie, IN 47302

28 N Washington Street, Knightstown, IN 47362

28 N Washington Street, Knightstown, IN 46148

1709-1711 S Blaine Street, Muncie, IN 47302

Potential Development Sites for Consideration

4418 Oakland Court, Wheatfield, IN 46392

Briar Creek lot: #1, Lawrenceburg, KY 40342

7326 State Route 19, Mount Gilead, OH 43338

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

Off-Market Properties in New Castle, IN

1003 County Rd 300th N, New Castle, IN 47362-9264

3038 Us Hwy 36th E, New Castle, IN 47362-9306

1933 18th St, New Castle, IN 47362

1805 H Ave, New Castle, IN 47362-2622

1902 Rosemont Ave, New Castle, IN 47362-2026

2320-2324 State St, New Castle, IN 47362

3052 Gary St, New Castle, IN 47362-9286

1302 14th St, New Castle, IN 47362-2748

2225 14th St, New Castle, IN 47362-2253

2404 State St, New Castle, IN 47362-3548

600 31st St, New Castle, IN 47362-3637

2403 14th St, New Castle, IN 47362-2108

1518 17th St, New Castle, IN 47362-2756

1509 Washington St, New Castle, IN 47362-4373

2129 Grand Ave, New Castle, IN 47362-2551

914 Mourer St, New Castle, IN 47362-5260

300 Glenwood Dr, New Castle, IN 47362-1269

2000 A Ave, New Castle, IN 47362-2565

1327 18th St, New Castle, IN 47362-2606

1804-1812 Midway Dr, New Castle, IN 47362

1600 Plymouth Dr, New Castle, IN 47362-1881

1559-1561 Broad St, New Castle, IN 47362

New Castle, IN Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

Taxes & Financing

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