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    North Vernon, IN Multifamily Properties for Sale

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    Vernon, IN Scipio, IN Butlerville, IN
    Multifamily Building with Business Potential
    $749,900
    11,306 SF
    Multifamily Building with Business Potential

    230-240 Hoosier Street, North Vernon, IN 47265

    12-unit apartment building with additional building for business ventures.
    • 12‑unit apartment building offers immediate rental income potential with a mix of 2‑bedroom and 1‑bedroom units.
    • Additional 2,150 sq. ft. building provides opportunity for business expansion or additional income streams.
    • Many recent updates within the last 3 years enhance property value and reduce maintenance costs.
    • Asphalt parking lot and grassy area provide convenient parking and outdoor space for tenants.
    • All apartments include kitchen appliances, a desirable amenity for renters.
    Updated: Aug 9, 2025
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    Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 1 Active listings in North Vernon, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 14 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.

    Madison, Indiana Mobile Home Park
    $350,000
    2.10 Acres
    Madison, Indiana Mobile Home Park

    Value-add mobile home park with single-family home and garage.

    3471 West Pin Oak Court, Madison, IN 47250

    View details
    Duplex with Attached Garages
    $299,900
    0.27 Acres
    Duplex with Attached Garages

    Two-unit duplex features attached garages, private washer/dryer hookups, and in-unit half bath for practical day-to-day use.

    616-618 Hillcrest Circle, Seymour, IN 47274

    View details
    Split-Level Duplex
    $275,000
    0.22 Acres
    Split-Level Duplex

    Two mirrored units offer functional 2-bedroom layouts with total-electric service and attached garages.

    604 - 606 Hillcrest Circle, Seymour, IN 47274

    View details
    Mobile Home Park Investment Opportunity
    $350,000
    Mobile Home Park Investment Opportunity

    Mobile home park with single-family home in Madison, Indiana.

    3471 Pin Oak Ct, Madison, IN 47250

    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.

    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
    Campton, KY Land For Sale
    $35,000
    2.35 Acres
    Campton, KY Land For Sale

    2.35 acre lot near Red River Gorge.

    Lower HollerTop Road lot: 31, Campton, KY 41301

    View details
    Land Near Lake Cumberland
    $75,000
    3.04 Acres
    Land Near Lake Cumberland

    3.04 acres near Lee's Ford Marina.

    311 Willow Oaks Dr, Nancy, KY 42544

    View details
    Land Near Lake Cumberland
    $75,000
    3.04 Acres
    Land Near Lake Cumberland

    3.04 acres near Lee's Ford Marina.

    311 Willow Oak, Nancy, KY 42544

    View details

    Off-Market Properties in North Vernon, IN

    Consider similar Off-Market properties in North Vernon, 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.

    227 Walnut St
    APARTMENT HOUSE (UNDER 5 UNITS)
    8,036 SF Lot: 0.08 Acres
    Value Estimation by Request

    227 Walnut St, North Vernon, IN 47265-1515

    View details
    7695 Us Hwy 50
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,864 SF Lot: 1.17 Acres
    Value Estimation by Request

    7695 Us Hwy 50, North Vernon, IN 47265-7579

    View details
    7 State St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 4.46 Acres
    Value Estimation by Request

    7 State St, North Vernon, IN 47265

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    714 State St
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,720 SF Lot: 0.30 Acres
    Value Estimation by Request

    714 State St, North Vernon, IN 47265-2143

    View details
    12 Platter Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,528 SF Lot: 0.36 Acres
    Value Estimation by Request

    12 Platter Dr, North Vernon, IN 47265-1762

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    604 State St
    APARTMENT HOUSE (UNDER 5 UNITS)
    5,780 SF Lot: 0.17 Acres
    Value Estimation by Request

    604 State St, North Vernon, IN 47265-2127

    View details
    355 Smt St
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,813 SF Lot: 1.47 Acres
    Value Estimation by Request

    355 Smt St, North Vernon, IN 47265-1241

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    230 Hoosier St
    Multifamily properties
    11,306 SF Lot: 0.17 Acres
    Value Estimation by Request

    230 Hoosier St, North Vernon, IN 47265

    View details
    Sandybrook Dr
    MOBILE HOME PARK, TRAILER PARK
    104 SF Lot: 18.89 Acres
    Value Estimation by Request

    Sandybrook Dr, North Vernon, IN 47265

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    Hurley E Dr
    MOBILE HOME PARK, TRAILER PARK
    Lot: 17.00 Acres
    Value Estimation by Request

    Hurley E Dr, North Vernon, IN 47265

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    45 Henry St
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,984 SF Lot: 1.36 Acres
    Value Estimation by Request

    45 Henry St, North Vernon, IN 47265-1048

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    Davis St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.57 Acres
    Value Estimation by Request

    Davis St, North Vernon, IN 47265

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    930 County Rd 300th E
    CAMPGROUND, RV PARK
    Lot: 1.93 Acres
    Value Estimation by Request

    930 County Rd 300th E, North Vernon, IN 47265-6784

    View details
    Hickory Mnr Cir
    MOBILE HOME PARK, TRAILER PARK
    Lot: 2.00 Acres
    Value Estimation by Request

    Hickory Mnr Cir, North Vernon, IN 47265

    View details

    North Vernon, IN Multifamily Properties Investment Opportunities Market Analysis

    Explore 15 multifamily properties for sale in North Vernon, IN on our real estate platform. These investment opportunities span a total of 11,306 square feet of properties for sale, with an estimated market value of $749,900.

    Sale prices for multifamily properties in North Vernon, IN start at $749,900, averaging $749,900, and reaching up to $749,900 — 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

    Apartment buildings 1

    Demographics Overview

    Population 21K
    Population Growth (5Y) +2.5%
    Median Household Income $65,877
    College Educated 19.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    47265 $749.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.67%
    Property Tax per SF $53.60 per SF
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in North Vernon fall within the 10,000 to 25,000 square foot range.

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