Property summary
This exceptional 16-unit apartment building presents a compelling investment opportunity in the thriving Greenfield, Indiana market. Boasting a total of 12,008 square feet across 1.67 acres, this property, built in 1995, comprises fourteen two-bedroom/one-bathroom units and two one-bedroom/one-bathroom units. The asking price is $1,600,000, translating to $100,000 per unit and $133.24 per square foot. The property currently generates a Net Operating Income (NOI) of $92,961, representing a… 5.81% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $128,912 and an 8.06% cap rate, reflecting the substantial value-add potential. Recent capital improvements include new roofs on all eight duplexes and a completely replaced concrete parking lot. The property's location in Greenfield offers residents convenient access to Indianapolis's job market and amenities while enjoying a lower cost of living. Greenfield's consistent population growth and booming industrial real estate sector further enhance the investment appeal. Significant upside potential exists through upgrading kitchens, bathrooms, and landscaping to capitalize on current market rents, which are 20-25% above current levels. The property's address is 407 W South St, Greenfield, IN 46140, and its APN is 30-11-05-203-001.001-009.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
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