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    New Castle, IN
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    New Castle, IN Multifamily Properties for Sale

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    Mount Summit, IN Spiceland, IN Mooreland, IN Straughn, IN Lewisville, IN Kennard, IN Springport, IN Knightstown, IN
    6 properties
    Duplex With New HVAC
    Updated: Aug 20
    Duplex With New HVAC

    1930-1932 Fairmont Avenue, New Castle, IN 47362

    $179,900
    1,843 sqft 0.14 AC lot
    Two‑unit duplex with 1,843 square feet of residential space
    0.14‑acre lot at 1930‑1932 Fairmont Avenue, New Castle, IN 47362
    Unit mix includes 3 bedrooms and 1 full bathroom, plus 1 bedroom and 1 1/2 bathrooms
    New furnace and new central air unit installed mid‑September
    Garage and off‑street parking
    View details
    6-Unit Apartment Building
    Updated: May 13
    6-Unit Apartment Building

    2702 Broad Street, New Castle, IN 47362

    $135,000
    0.31 AC lot
    Six‑unit apartment property
    Exterior improvements already completed
    Electrical system updates
    Plumbing system updates
    Commercial zoning
    View details
    Two-Unit Duplex Property
    Two-Unit Duplex Property

    1930-1932 Fairmont Ave, New Castle, IN 47362

    $179,900
    6,229 sqft

    Versatile residential income property with separate living spaces and an established two-unit configuration.

    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Downtown 6-Unit Apartment Building
    Downtown 6-Unit Apartment Building

    2702 Broad St, New Castle, IN 47362

    $135,000
    5,490 sqft

    Six-unit apartment property with exterior, electrical, and plumbing improvements already completed for continued renovation.

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    Duplex with New Roof
    Duplex with New Roof

    502 S 12th St, New Castle, IN 47362

    $164,900
    2,688 sqft

    Both residences feature generous layouts, formal dining rooms, fireplaces, and downstairs laundry hookups.

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    Two-Unit Duplex with Flexible Layout
    Two-Unit Duplex with Flexible Layout

    1930 Fairmont Avenue, New Castle, IN 47362

    $179,900
    1,843 sqft

    Separate living spaces accommodate rental use, owner occupancy, or reconfiguration as a larger single residence.

    View details
    Based on your search, we've compiled 45 Potential Opportunities for your consideration. Besides 6 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

    Opportunities in Nearby Cities

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

    Five-Unit Mixed-Use Building
    Five-Unit Mixed-Use Building

    28 N Washington St, Knightstown, IN 46148

    $325,000
    7,872 sqft

    Historic character pairs with updated plumbing, electrical, and individually metered gas and electric service.

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    Duplex With Attached Guest Suite
    Duplex With Attached Guest Suite

    130 E Broad Street, Spiceland, IN 47385

    $269,900
    1,800 sqft 0.50 AC lot

    Flexible ranch-style layout includes a separate living area, kitchen, bedroom, and full bath.

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    Mixed-Use Building with Restaurant
    Mixed-Use Building with Restaurant

    20 N Washington St, Knightstown, IN 46148

    $380,000
    3,728 sqft

    Two upstairs apartments complement the restaurant operation and commercial space on the main level.

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    Updated Duplex with Guest Suite
    Updated Duplex with Guest Suite

    130 E Broad St, Spiceland, IN 47385

    $269,900
    1,800 sqft

    Flexible configuration supports multigenerational living, guests, home office use, or potential rental income.

    View details

    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.

    1003 County Rd 300th N
    MOBILE HOME PARK, TRAILER PARK

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

    Estimated value:
    $220,000
    1.53 AC lot
    View details
    3038 Us Hwy 36th E
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    Estimated value:
    $200,000
    6,025 sqft 4.94 AC lot
    View details
    1933 18th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1933 18th St, New Castle, IN 47362

    Estimated value:
    $145,000
    6,184 sqft 0.42 AC lot
    View details
    1805 H Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1805 H Ave, New Castle, IN 47362-2622

    Estimated value:
    $135,000
    2,620 sqft 0.12 AC lot
    View details
    1902 Rosemont Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1902 Rosemont Ave, New Castle, IN 47362-2026

    Estimated value:
    $160,000
    2,816 sqft 0.19 AC lot
    View details
    2320-2324 State St
    APARTMENT HOUSE (UNDER 5 UNITS)

    2320-2324 State St, New Castle, IN 47362

    Estimated value:
    $260,000
    1,725 sqft 1.73 AC lot
    View details
    3052 Gary St
    MOBILE HOME PARK, TRAILER PARK

    3052 Gary St, New Castle, IN 47362-9286

    Estimated value:
    $210,000
    12.71 AC lot
    View details
    1302 14th St
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    Estimated value:
    $400,000
    2,520 sqft 0.23 AC lot
    View details
    2225 14th St
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    Estimated value:
    $100,000
    1,472 sqft 0.17 AC lot
    View details
    2404 State St
    APARTMENT HOUSE (UNDER 5 UNITS)

    2404 State St, New Castle, IN 47362-3548

    Estimated value:
    $105,000
    1,725 sqft 0.19 AC lot
    View details
    600 31st St
    MOBILE HOME PARK, TRAILER PARK

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

    Estimated value:
    $225,000
    20.34 AC lot
    View details
    2403 14th St
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    Estimated value:
    $235,000
    2,789 sqft 0.11 AC lot
    View details
    1518 17th St
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    Estimated value:
    $195,000
    2,232 sqft 0.12 AC lot
    View details
    1509 Washington St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1509 Washington St, New Castle, IN 47362-4373

    Estimated value:
    $280,000
    2,144 sqft 0.85 AC lot
    View details
    2129 Grand Ave, Unit 2131
    APARTMENT HOUSE (UNDER 5 UNITS)

    2129 Grand Ave, New Castle, IN 47362-2551

    Unit 2131
    Estimated value:
    $190,000
    1,549 sqft 0.08 AC lot
    View details
    914 Mourer St
    APARTMENT HOUSE (UNDER 5 UNITS)

    914 Mourer St, New Castle, IN 47362-5260

    Estimated value:
    $255,000
    4,752 sqft 0.17 AC lot
    View details
    300 Glenwood Dr
    MOBILE HOME PARK, TRAILER PARK

    300 Glenwood Dr, New Castle, IN 47362-1269

    Estimated value:
    $215,000
    8.41 AC lot
    View details
    2000 A Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    2000 A Ave, New Castle, IN 47362-2565

    Estimated value:
    $165,000
    1,692 sqft 0.10 AC lot
    View details

    New Castle, IN Multifamily Properties Market Trends and Statistics

    Explore 41 multifamily properties for sale in New Castle, IN, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 18,093 square feet of properties for sale, with an estimated market value of $974,600.

    Sale prices for multifamily properties in New Castle, IN start at $135,000, averaging $162,433, and reaching up to $179,900 — 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

    Duplexes 5
    Apartment buildings 2

    Demographics Overview

    Population 29K
    Population Growth (5Y) -1.9%
    Median Household Income $56,564
    College Educated 20.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    47362 $180.8K

    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%

    Listings Trend

    New vs delisted commercial listings in Henry County

    New Delisted

    How Realmo verifies these figures

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