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2702 Broad Street

New Castle, IN 47362

ActiveListed May 13, 2026 · 122 days on market

Key facts

Living area
5,490 sqft
Lot
0.31 acres
Type
Commercial Sale · Multi Family
MLS #
22101503
County
Henry
Total building area
5,490 sqft

About this home

Investor Opportunity in Downtown New Castle! Opportunity awaits with this 6-unit apartment property located in downtown New Castle. Major exterior improvements and key system updates have already been completed, making this an ideal value-add investment for the next owner to finish and start leveraging rental income. Updates to the property's exterior accentuate a strong curb appeal and may reduce future maintenance concerns. Additional improvements have been made to the electrical and plumbing systems, providing a solid start for continued renovations and stabilization. With its favorable location near downtown amenities, shopping, dining, and local employers, this multi-unit property offers excellent potential for long-term cash flow and portfolio growth. Whether you're an experienced investor or looking to expand your rental holdings, this is a rare opportunity to complete a partially updated income-producing property in a growing market. Schedule your showing today and bring this investment Home!

Description provided by the listing brokerage.

Systems

Utilities
Electricity ConnectedNatural Gas AvailableSewer ConnectedWater Connected

Lot and HOA

Zoning
Commercial

Schools

Middle school
New Castle Middle School
School district
New Castle Community School Corp

Taxes

Estimated annual tax
$4,474 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,101per month, estimated
Principal and interest $681Property tax $373Insurance $47
20% · $27,000
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$135,000
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