Residential Income

North Vernon, IN Residential Income Properties for Sale

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Vernon, IN Scipio, IN Dupont, IN Seymour, IN Elizabethtown, IN Westport, IN Madison, IN Paris Crossing, IN
Single-Story Duplex Apartment Portfolio
Updated: Apr 10
Single-Story Duplex Apartment Portfolio

301 W Walnut St, North Vernon, IN 47265

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Walnut Square and Tipton Park feature 8 buildings at 2 locations, both about 1.4 miles apart.
Constructed in 1973, with 16 duplex‑style units total (single‑story).
Unit mix: sixteen 2‑bedroom, 1‑bath units.
Offered only as part of a combined purchase with Sycamore Manor, a 24‑unit garden‑style apartment portfolio.
2019 average market rates cited: $548 for a 1‑bedroom without utility allowance and $725 for a 2‑bedroom.
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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.

Duplex with Attached Garages
Duplex with Attached Garages

616-618 Hillcrest Circle, Seymour, IN 47274

$284,900
0.27 AC lot

Two-level units feature private outdoor access, electric utilities, laundry hookups, and functional residential layouts.

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Mobile Home Park Investment Opportunity
Mobile Home Park Investment Opportunity

3471 Pin Oak Ct, Madison, IN 47250

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

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Mobile Home Parks and Apartment Complex
Mobile Home Parks and Apartment Complex

2815 E County Ave, Seymour, IN 47274

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Package includes eight mobile home parks, one 24-unit apartment complex, and two rental homes on one acre.

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Small Multifamily Apartment Building
Small Multifamily Apartment Building

534 Miller Street, Madison, IN 47250

$375,000
3,382 sqft

Property features three one-bedroom units and two two-bedroom units, with newer roof, HVAC, and appliances.

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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 Land in North Vernon
Residential Land in North Vernon

02 W 130 S, North Vernon, IN 47265

$63,991
7.19 AC lot

7.19 acre residential lot ready for your dream home.

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Residential Land in North Vernon
Residential Land in North Vernon

03 W 130 S, North Vernon, IN 47265

$67,373
7.57 AC lot

7.57 acre residential lot ready for new construction.

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Improved Recreational and Farm Land
Improved Recreational and Farm Land

3 S State Street, North Vernon, IN 47265

$85,000
6.01 AC lot

6-acre residentially zoned lot with rock driveway, cleared sites, parking area, and space for a barn and recreation.

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Residential Lots in Seymour, IN
Residential Lots in Seymour, IN

10413 Emerald Court N, Seymour, IN 47274

$55,000
1.12 AC lot

Residential land available in Seymour, Indiana with utilities access.

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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)

227 Walnut St, North Vernon, IN 47265-1515

$50,000
Estimated value
8,036 sqft 0.08 AC lot
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7695 Us Hwy 50
APARTMENT HOUSE (UNDER 5 UNITS)

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

$265,000
Estimated value
4,864 sqft 1.17 AC lot
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7 State St
MOBILE HOME PARK, TRAILER PARK

7 State St, North Vernon, IN 47265

$320,000
Estimated value
4.46 AC lot
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714 State St
APARTMENT HOUSE (UNDER 5 UNITS)

714 State St, North Vernon, IN 47265-2143

$265,000
Estimated value
3,720 sqft 0.30 AC lot
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12 Platter Dr
APARTMENT HOUSE (UNDER 5 UNITS)

12 Platter Dr, North Vernon, IN 47265-1762

$260,000
Estimated value
3,528 sqft 0.36 AC lot
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604 State St
APARTMENT HOUSE (UNDER 5 UNITS)

604 State St, North Vernon, IN 47265-2127

$270,000
Estimated value
5,780 sqft 0.17 AC lot
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355 Smt St
APARTMENT HOUSE (UNDER 5 UNITS)

355 Smt St, North Vernon, IN 47265-1241

$270,000
Estimated value
3,813 sqft 1.47 AC lot
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230 Hoosier St
Multifamily properties

230 Hoosier St, North Vernon, IN 47265

Value Estimation by Request
11,306 sqft 0.17 AC lot
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Sandybrook Dr
MOBILE HOME PARK, TRAILER PARK

Sandybrook Dr, North Vernon, IN 47265

$345,000
Estimated value
104 sqft 18.89 AC lot
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Hurley E Dr
MOBILE HOME PARK, TRAILER PARK

Hurley E Dr, North Vernon, IN 47265

$300,000
Estimated value
17.00 AC lot
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45 Henry St
APARTMENT HOUSE (UNDER 5 UNITS)

45 Henry St, North Vernon, IN 47265-1048

$420,000
Estimated value
2,984 sqft 1.36 AC lot
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Davis St
MOBILE HOME PARK, TRAILER PARK

Davis St, North Vernon, IN 47265

$245,000
Estimated value
0.57 AC lot
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930 County Rd 300th E
CAMPGROUND, RV PARK

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

$255,000
Estimated value
1.93 AC lot
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Hickory Mnr Cir
MOBILE HOME PARK, TRAILER PARK

Hickory Mnr Cir, North Vernon, IN 47265

$265,000
Estimated value
2.00 AC lot
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North Vernon, IN Residential Income Properties Market Trends and Statistics

Explore 15 residential income properties for sale in North Vernon, IN on our real estate platform.

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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 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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