2320 State Street, New Castle, IN 47362

Multi-Family Home In New Castle

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Great rental investment opportunity in New Castle! These two low-maintenance brick buildings house (3) two bedroom, 2 bathroom apartments, and (2) one bedroom one bathroom apartments. This is a great opportunity to easily convert the 2/2 apartments to 1/1 and generate substantial additional returns. Parking area in front. Separate storage closets on back of building for each apartment. Sits on 2 lots. 1.73 acre lot allow the possible opportunity to build additional units on this parcel.

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Home Details

  • beds0
  • baths0
  • property typemulti-family
  • exterior finishbrick
  • year built1965
  • lot size1.96
  • fireplaceno
  • neighborhood--
  • Disclosurescosmetics needed, fixer upper
  • Sqft Sourceassessor
  • Laundryno laundry
  • Building Featuresno furniture, storage
  • Building Typeapartment building
  • Levelsone
  • Property Subtype5+units commercial
  • Styleapart bldg
  • Foundationslab
  • Exteriorbrick
  • Lot Descriptionaccess street, not in subdivision
  • Parking Per Unitparking lot
  • Utilitiescable available, electric, municipal sewer connected, municipal water connected, separate electric meter
  • Present Useapt 20
  • Townshiphenry
  • Documentsnone
  • Owner Paysins hazard, lawncare, property taxes, sewer, water
  • Possible Financing1031 exchange, conventional
  • Transaction Typeexchange, sale
  • Variable Rate Commissionn
  • Tenant Payscable, electric, insurance renters
  • Listing Typeexclusive right to sell
  • Possessionat closing, tentant rights
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  • P

    Pamela Brown

    Listing Agent

    (317) 652-1607
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    Pricing Info


    Estimated Monthly Mortgage
    Principal & Interest$682.84
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    Property Tax: The annual tax you pay on your property as a percentage of the total property value. This value defaults to a national average of 1.2% of the home price.
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    Local Mortgage Rates

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    Price History
    • 03/12/2019decrease$ 3,000$159,000
    • 02/16/2019listed$ 0$162,000
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    How To Finance

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    MLS Icon
    • MLS Number21618683
    • Listed02/16/2019
    • Listing SourceMetropolitan Indianapolis Board of Realtors
    • Last Updated03/12/2019
    • Listing AgentPamela Brown
    • Offered ByPMI Indianapolis