Sold
Last Sold Price
10 beds4,400 sqft

207 W Main St, Butler, IN 46721

Multi FamilyProperty Type
0.4 acresLot Size
1986Year Built
$67/sq ftPrice per sq ft

Description

Wow! Looking for a great investment? Here it is - 10 apartments, 8 with 1 1/2 baths and 2 bedrooms. 2 - 2 bedrooms with 1 bath. All units have patios with privacy. Off street parking for all tenants. This is a must see.Wow! Looking for a great investment? Here it is - 10 apartments, 8 with 1 1/2 baths and 2 bedrooms. 2 - 2 bedrooms with 1 bath. All units have patios with privacy. Off street parking for all tenants. This is a must see.
  • Listed by: Teri Davis-Foster • Mike Thomas Associates, Inc.
Listing closed: 09/16/2005 12:00 AM • Source: Indiana Regional MLS, MLS#: 2509469
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Recent comparable sales

Median sold price

$284,900

Avg days on market

22

Sale-to-list ratio

98.1%

Butler, IN

9 comparable properties found

$230,000 | 501 North Broadway Street, Butler, IN 46721
1/35
1

$230,000

Sold 07/30/26

8
Bedrooms
3,712
Square Feet
0.18
Acres
$297,900 | 525 West Liberty Street, Butler, IN 46721
1/37
2

$297,900

Sold 06/09/26

3
Bedrooms
1,700
Square Feet
0.29
Acres
$281,685 | 320 Depot Street, Butler, IN 46721
1/3
3

$281,685

Sold 09/11/26

3
Bedrooms
1,246
Square Feet
0.2
Acres
$300,000 | 409 Westward Drive, Butler, IN 46721
1/36
4

$300,000

Sold 06/02/25

4
Bedrooms
2,157
Square Feet
0.36
Acres
$285,000 | 209 East Washington Street, Butler, IN 46721
1/37
5

$285,000

Sold 04/02/26

5
Bedrooms
2,666
Square Feet
0.53
Acres
$296,700 | 423 Westward Drive, Butler, IN 46721
1/37
6

$296,700

Sold 07/14/25

3
Bedrooms
1,635
Square Feet
0.33
Acres
$284,900 | 601 Independence Street, Butler, IN 46721
1/19
7

$284,900

Sold 03/07/25

4
Bedrooms
2,004
Square Feet
0.28
Acres
$270,000 | 439 Westward Drive, Butler, IN 46721
1/27
8

$270,000

Sold 10/09/26

3
Bedrooms
1,497
Square Feet
0.47
Acres
$265,000 | 624 West Liberty Street, Butler, IN 46721
1/30
9

$265,000

Sold 07/07/25

4
Bedrooms
1,681
Square Feet
0.22
Acres

Location

Listing Courtesy of Mike Thomas Associates, Inc.

Sold By Mike Thomas Associates, Inc.

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Property Information for 207 West Main Street

Property Details

  • Taxes: $5,350 / year
  • MLS Type: Multi Family / Apartment Building
  • Style: Two Story
  • Subdivision: None
  • Pet Restrictions: No

Building Information

  • Building/Complex: 207 W Main St
  • Stories: 2
  • Residences: 10
  • Year Built: 1986

Summary

Location and General Information
  • Area: Dekalb County
  • City: Butler
  • Zip Code: 46721
  • State: IN
  • Township: Wilmington
  • Section Number: 7
  • Fips Code: 18033
  • Directions To Property: -
Taxes and HOA
  • Association Dues $: $.00
  • Assoc Dues Frequency: Not Applicable
  • Parcel Number Id: 230702489009
School Information
  • School District: Dekalb Co. Eastern
  • Elementary: Butler
  • Middle School: Eastside
  • High School: Eastside

Property

Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Building
  • Approx Lot Size Acres: 0.4
  • Lot Dimensions: 66x132
  • Lot Number: 34
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 4400.0
  • Approx Lot Size Sqft: 17424.0
  • Above Grade Finished Sqft: 4400.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 4400.0
  • Lot Description: Level
  • Outbuilding Length: 0.0
  • Outbuilding Width: 0.0
Property and Assessments
  • New Construction: No
  • Year Built: 1986
  • Age: 19
Utilities
  • Sewer: City
  • Water Utility: City
  • Water Type: None

Interior and Exterior Features

Exterior Features
  • Amenities: Ceiling Fan, Off Street Parking, Near Walking Trail, Storage, Patio Open, Water Heater Electric
  • Exterior: Wood
  • Outbuilding: Outbuilding
  • Platted: Yes
  • Pool Type: None
  • Pool: No
Interior Features
  • Number of Electric Meters: 0
  • Number of Gas Meters: 0
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 2
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 10
  • Number of Refrigerators: 9
  • Number of W/D Hookups: 10
  • Number of Washers: 3
  • Number Water Meters: 0
  • Basement/Foundation: Slab
  • Cooling: Window
  • Flooring: Carpet, Vinyl Tile
  • Heating/Fuel: Electricity, Forced Air
  • Stories: 2
  • Total Number of Full Baths: 10
  • Total Number of Half Baths: 8
  • Total Baths: 18
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 10
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0

Multi Family

Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 9
  • Number of Units: 10
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $53,400
  • Annual Insurance Expense: $2,200
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $42,370
  • Annual Property Tax: $5,350
  • Annual Trash Expense: $720
  • Annual Water/Sewer Exp: $2,760

Unit Information

Unit 1
  • Unit 1-Num of Bathrooms: 2
  • Unit 1-Num of Bedrooms: 2
  • Unit 1-Num of Rooms: 0
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $300.00
  • Unit 1-Garage: No
  • Unit 1-Level: Upper
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 0
  • Unit 1-Unit Rent $: $475
Unit 2
  • Unit 2-Num of Bathrooms: 2
  • Unit 2-Num of Bedrooms: 2
  • Unit 2-Num of Rooms: 0
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $300.00
  • Unit 2-Garage: No
  • Unit 2-Level: Upper
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 0
  • Unit 2-Unit Rent $: $425
Unit 3
  • Unit 3-Num of Bathrooms: 0
  • Unit 3-Num of Bedrooms: 2
  • Unit 3-Num of Rooms: 0
  • Unit 3-Currently Rented: Yes
  • Unit 3-Deposit Amount: $300.00
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 0
  • Unit 3-Unit Rent $: $450
Unit 4
  • Unit 4-Num of Bathrooms: 0
  • Unit 4-Num of Bedrooms: 2
  • Unit 4-Num of Rooms: 0
  • Unit 4-Currently Rented: Yes
  • Unit 4-Deposit Amount: $300.00
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Number: 0
  • Unit 4-Unit Rent $: $450
Unit 5
  • Unit 5-Num of Bathrooms: 0
  • Unit 5-Num of Bedrooms: 2
  • Unit 5-Num of Rooms: 0
  • Unit 5-Deposit Amount: $300.00
  • Unit 5-Rent Frequency: Monthly
  • Unit 5-Unit Number: 0
  • Unit 5-Unit Rent $: $425
Unit 6
  • Unit 6 SqFt: N

Rental

Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Parking, Snow Removal, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Cooling, Electric, Heating, Sewer

Property History for 207 West Main Street

DateEvent & SourcePriceAppreciation
Sep 16, 2005

Sold

Indiana Regional MLS #667356

$295,000—
Sep 16, 2005

Sold

Indiana Regional MLS #2509469

$295,000—
Aug 8, 2005

Pending

Indiana Regional MLS #667356

—
DateEvent & SourcePrice
09/16/2005

Sold

Indiana Regional MLS #667356

$295,000
09/16/2005

Sold

Indiana Regional MLS #2509469

$295,000
08/08/2005

Pending

Indiana Regional MLS #667356

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

207 West Main Street

Total Finished SqFt

3,552 SqFt

Above Grade Finished SqFt

3,552 SqFt

Stories

2

Lot Size

10,890 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1986

Schools near 207 West Main Street

This home is within Dekalb County Eastern Com Sch District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - K to 6
Public - PK to 12
Rating
School
Distance
Butler Elementary School
PublicK to 6

Eastside Junior-Senior High School
Public7 to 12

Riverdale Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 207 West Main Street, Butler, IN 46721
$295,000
10
4,400
17,424
–
4
1
1,784
10,890
–
–
–
1,736
2,875
–
4
1
1,716
16,117
–
4
2.5
2,160
3,964
–
3
1
1,552
6,098

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mike Thomas Associates, Inc.

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.