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    New Castle, IN
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    New Castle, IN Residential Income Properties for Sale

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    Spiceland, IN Mooreland, IN Kennard, IN Hagerstown, IN Knightstown, IN Shirley, IN Wilkinson, IN Middletown, IN
    8 properties
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    Two-Unit Duplex with Garage
    Updated: Aug 20
    Two-Unit Duplex with Garage

    1930-1932 Fairmont Avenue, New Castle, IN 47362

    $189,900
    1,843 sqft 0.14 AC lot
    Two separate living units within 1,843 square feet
    Unit mix includes 3 bedrooms and 1 full bathroom plus 1 bedroom and 1 1/2 bathrooms
    Built in 1940 on a 0.14‑acre lot
    Garage and off‑street parking
    Central air and wall unit(s) cooling
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    Duplex with Private Detached Garages
    Updated: Jul 10
    Duplex with Private Detached Garages

    1618 Plymouth Drive, New Castle, IN 47362

    $229,900
    0.21 AC lot
    0.21‑acre duplex property built in 1968
    Each unit has 2 bedrooms and 1.5 bathrooms
    In‑unit laundry hookups in both units
    Private detached garage for each unit
    Separate entrances for added privacy
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    Duplex with New Roof
    Duplex with New Roof

    502 S 12th St, New Castle, IN 47362

    $169,900
    2,688 sqft

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

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Two-Unit Duplex with Flexible Layout
    Two-Unit Duplex with Flexible Layout

    1930 Fairmont Avenue, New Castle, IN 47362

    $189,900
    1,843 sqft

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

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    Downtown 6-Unit Apartment Building
    Downtown 6-Unit Apartment Building

    2702 Broad St, New Castle, IN 47362

    $155,000

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

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    Residential Income Property
    Residential Income Property

    New Castle, IN 47362

    $274,900

    For sale residential income property located at 423 South 11th Street in New Castle, Indiana.

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    Brick Apartment Building with Duplex
    Brick Apartment Building with Duplex

    1010 S 14th St, New Castle, IN 47362

    Contact for pricing

    Two-story, 26-unit brick apartment building plus a two-bedroom, one-bath duplex, with extensive recent capital improvements.

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    Multifamily Income Property
    Multifamily Income Property

    1129 S 18th St, New Castle, IN 47362

    Contact for pricing

    For-sale multifamily property marketed with an 8.61% cap rate.

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    Based on your search, we've compiled 52 Potential Opportunities for your consideration. Besides 8 Active listings in New Castle, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 36 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.

    Multifamily Property Package
    Multifamily Property Package

    617 W Memorial Drive, Muncie, IN 47302

    $199,900
    1,134 sqft 0.11 AC lot

    Sale includes three identified properties with unit and parcel references across Muncie.

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    Historic-Character Mixed-Use Building
    Historic-Character Mixed-Use Building

    28 N Washington Street, Knightstown, IN 47362

    $325,000
    7,872 sqft 0.10 AC lot

    Five-unit property combining renovated commercial spaces with a two-bedroom apartment and individually metered utilities.

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    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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    Triplex Investment Property
    Triplex Investment Property

    1709-1711 S Blaine Street, Muncie, IN 47302

    Contact for pricing

    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 Residential Land Tract
    Wooded Residential Land Tract

    N Main Street, New Castle, IN 47362

    Contact for pricing
    0.56 AC lot

    Heavily wooded residential lot with street frontage and access to city utilities for future home building.

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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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    Vacant Residential Lot
    Vacant Residential Lot

    Pennsylvania Street, Shirley, IN 47384

    Contact for pricing
    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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    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

    $220,000
    Estimated value
    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

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

    1933 18th St, New Castle, IN 47362

    $145,000
    Estimated value
    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

    $135,000
    Estimated value
    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

    $160,000
    Estimated value
    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

    $260,000
    Estimated value
    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

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

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

    $400,000
    Estimated value
    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

    $100,000
    Estimated value
    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

    $105,000
    Estimated value
    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

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

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

    $235,000
    Estimated value
    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

    $195,000
    Estimated value
    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

    $280,000
    Estimated value
    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
    $190,000
    Estimated value
    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

    $255,000
    Estimated value
    4,752 sqft 0.17 AC lot
    View details

    New Castle, IN Residential Income Properties Market Trends and Statistics

    Explore 44 residential income properties for sale in New Castle, IN, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 6,374 square feet of properties for sale, with an estimated market value of $1,209,500.

    Sale prices for residential income properties in New Castle, IN start at $155,000, averaging $201,583, and reaching up to $274,900 — 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

    Multifamily properties 6
    Duplexes 4
    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 $202.4K

    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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