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    Carthage, IN
    Residential Income

    Carthage, IN Residential Income Properties for Sale

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    Knightstown, IN Charlottesville, IN Greenfield, IN Arlington, IN Gwynneville, IN Morristown, IN Rushville, IN Spiceland, IN
    Ranch Duplex Investment Property
    Updated: Dec 8, 2025
    Ranch Duplex Investment Property

    308 Winters Way, Carthage, IN 46115

    $1,400,000
    0.31 AC lot
    Two‑bedroom, one‑bathroom duplex layouts with 798 sqft per duplex
    Built in 1988 with ranch‑style construction and vinyl siding
    Central air and natural gas forced‑air heating
    Shingle roofs and on‑street parking
    Leased properties under professional management by Dudley Property Management
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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 11 Potential Opportunities for your consideration. Besides 1 Active listings in Carthage, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 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.

    Duplex With Attached Guest Suite
    Duplex With Attached Guest Suite

    130 E Broad Street, Spiceland, IN 47385

    $274,900
    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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    Updated Duplex with Guest Suite
    Updated Duplex with Guest Suite

    130 E Broad St, Spiceland, IN 47385

    $274,900
    1,800 sqft

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

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    Split-Level Quadplex
    Split-Level Quadplex

    227 E Pine Street, Knightstown, IN 46148

    $225,000
    0.26 AC lot

    Four separate residences are arranged within one multifamily property with vinyl siding and a basement.

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    Four-Unit Rental Property
    Four-Unit Rental Property

    116 W Pine St, Knightstown, IN 46148

    $119,900

    Four residential units feature individual living spaces, kitchens, baths, and laundry hookups.

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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.

    Residential Lots in Shirley, IN
    Residential Lots in Shirley, IN

    Pennsylvania Street, Shirley, IN 47384

    Contact for pricing
    0.39 AC lot

    Three residential lots totaling approximately 0.39 acres.

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    Vacant Residential Lot
    Vacant Residential Lot

    Pennsylvania Street, Shirley, IN 47384

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    0.51 AC lot

    Vacant residential lot in Shirley with city utilities nearby, offered as a possible buildable site pending setbacks.

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    Residential Lot in Shirley, IN
    Residential Lot in Shirley, IN

    Pennsylvania Street, Shirley, IN 47384

    Contact for pricing
    0.51 AC lot

    Vacant residential lot available in Shirley, Indiana.

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    Residential Lots in Kennard, IN
    Residential Lots in Kennard, IN

    Lake Drive, Kennard, IN 47351

    Contact for pricing
    0.27 AC lot

    Residential lots approved for manufactured homes with city sewers.

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    Off-Market Properties in Carthage, IN

    Consider similar Off-Market properties in Carthage, 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.

    880 Blue River Rd
    Farms

    880 Blue River Rd, Carthage, IN 46115

    Estimated value:
    by Request
    12.04 AC lot
    View details
    890 Blue River Rd
    Farms

    890 Blue River Rd, Carthage, IN 46115

    Estimated value:
    by Request
    16.05 AC lot
    View details

    Carthage, IN Residential Income Properties Market Trends and Statistics

    Explore 3 residential income properties for sale in Carthage, IN on our real estate platform.

    Sale prices for residential income properties in Carthage, IN average $1,400,000 — 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 1
    Multifamily properties 1

    Demographics Overview

    Population 1,512
    Population Growth (5Y) -19.3%
    Median Household Income $49,464
    College Educated 19.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    46115 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 2.49%
    Property Tax per SF $30.39 per SF
    Tax Rate vs County Average 0.11 pp above county avg
    Average Loan-to-Value 65.0%

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