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430 Central Avenue

Connersville, IN 47331

ActiveListed Feb 26, 2026 · 143 days on market

Key facts

Living area
28,836 sqft
Lot
0.36 acres
Year built
1900
Type
Commercial Sale · Multi Family
Stories
Three or more
MLS #
22085540
County
Fayette
Total building area
28,836 sqft

About this home

Well-maintained 24-unit apartment building located in the heart of downtown Connersville. All units have been fully updated between 2023-2024 with new flooring, fresh paint, modern kitchens, and renovated bathrooms-offering tenants comfortable, move-in-ready living spaces. The building features a shared laundry room equipped with three coin-operated washers, three coin-operated dryers, and convenient folding stations for residents. The property also includes an 18-space private parking lot, with additional street parking available along the north and west sides of the building.A turnkey investment opportunity with significant upgrades already completed and strong tenant appeal in a central downtown location.

Description provided by the listing brokerage.

Interior

Basement
Storage SpaceUnfinished
Laundry
Common LaundryLaundry RoomMain Level
Security
Closed Circuit Camera(s)Fire AlarmFire EscapeKey Card EntrySmoke Detector(s)

Exterior

Roof
MetalRubber

Systems

Utilities
Cable ConnectedElectricity ConnectedSep Electric MeterSewer ConnectedWater Connected

Lot and HOA

Zoning
General Business

Schools

Middle school
Connersville Middle School
School district
Fayette County School Corporation

Taxes

Estimated annual tax
$5,114 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$8,647per month, estimated
Principal and interest $7,687Property tax $426Insurance $534
20% · $305,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$1,525,000
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