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420 S 25th Street

New Castle, IN 47362

ActiveListed Oct 21, 2026 · 1 day on market

Key facts

Lot
0.16 acres
Year built
1900
Type
Residential Income · Duplex
Stories
One
MLS #
22131087
County
Henry
Subdivision
No Subdivision

About this home

Unique Investment Opportunity in central New Castle!This versatile income-producing property offers the best of both worlds, featuring a three-bedroom, one-bath rental home connected to approximately 800 square feet of additional office or retail space. With multiple potential uses, this property presents an exciting opportunity for investors, entrepreneurs, or buyers looking to combine residential living with a business venture. The additional space offers potential to be converted into a second residential unit or utilized for a small business, subject to applicable approvals. Previously home to a long-standing security business, the commercial space offers a unique opportunity to bring your vision to life. With some updates and a little elbow grease, this property could become a valuable addition to your investment portfolio or the perfect setup for an owner-operator looking to live and work in one convenient location. Explore the possibilities and unlock the potential of this unique property!

Description provided by the listing brokerage.

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air

Schools

Elementary school
Eastwood Elementary School
Middle school
New Castle Middle School
High school
New Castle High School
School district
New Castle Community School Corp

Taxes

Estimated annual tax
$1,460 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$552per month, estimated
Principal and interest $403Property tax $122Insurance $28
20% · $15,980
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$79,900
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