2702 Broad St

—
Baths
5,490 Sq. Ft.
$32 / Sq. Ft.
5,490
Sq. Ft.
$32
per Sq. Ft.

Description

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,...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!
  1. Listed by Jamar Wright • Keller Williams Indpls Metro N
    P: (317)-846-6300 jamar.wright22@gmail.com

Property Details for 2702 Broad Street

Township
Henry
Zoning
Commercial
LISTING UPDATED: 05/13/2026 06:16 PM

Property Details for 2702 Broad Street

StatusActive
MLS #22101503
Days on Market26
Taxes$2,237 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built-
Lot Size0.31 AC / 13,503 SF
CountyHenry County

Location

Listing Courtesy of Keller Williams Indpls Metro N
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Building Information for 2702 Broad Street

Stories-Residences6Year Built-Building Size-Lot Size0.31 AC / 13,503 SF

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$1,245 per month

30 year fixed, 6.36% Interest

Principal and Interest

$872

Property Taxes

$373

HOA Dues

$0

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Property Information for 2702 Broad Street

Summary
Location and General Information
  • City: New Castle
  • County Or Parish: Henry
  • Directions: GPS Friendly
  • Postal Code: 47362
  • Postal Code Plus4: 3499
  • Road Access: Frontage Road
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 331214220180000016
  • Semi Annual Property Tax Amt: 2237
  • Tax Year: 2025
  • TaxLot: 84-85
School Information
  • Middle Or Junior School: New Castle Middle School
  • School District: New Castle Community School Corp
Property
Lot Information
  • Acreage: 1/4-1/2 Acre
  • Current Use: Vacant
  • Lot Size Square Feet: 13416.0
  • Lot Size Acres: 0.31
  • New Construction: False
  • Space Available: 5490
  • Sq Ft Total: 5490.0
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Legal Subdivision: East Side Add Lots 84 & 85
  • Photos Count: 10
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
Utilities
  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Multi Family
Multi-Family Information
  • Total Units: 6
  • Garage Parking: Parking Lot, Paved Area
Unit 1
  • Unit Kitchen: 200
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly

Property History for 2702 Broad Street

DateEvent & SourcePriceAppreciation
May 13, 2026

Listed (Active)

MIBORMLS #22101503

$175,000—
Mar 16, 2026

Sold (Public Record)

Public Record #1937237308

$50,000—
Feb 5, 2026

Expired

MIBORMLS #22020995

—
DateEvent & SourcePrice
05/13/2026

Listed (Active)

MIBORMLS #22101503

$175,000
03/16/2026

Sold (Public Record)

Public Record #1937237308

$50,000
02/05/2026

Expired

MIBORMLS #22020995

—

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

Public Records for 2702 Broad Street

Taxable ValueLand$29,500Additions$203,000Total$232,500
Tax Record2024$4,474 ($373 / month)
Home Facts
Total Finished SqFt5,490 SqFtAbove Grade Finished SqFt5,490 SqFtStories2Lot Size13,416 SqFtStyleMulti-Family Res (5+ Units)Year Built1937CountyHENRYAPN33-12-14-220-180.000-016

Schools near 2702 Broad Street

This home is within New Castle Community Sch Corp.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 6 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Eastwood Elementary School
PublicPK to 6

New Castle Middle School
Public6 to 8

New Castle High School
Public9 to 12

Wilbur Wright Elementary School
PublicPK 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.

Similar Homes

2702 Broad Street is a multi-family home for sale in New Castle, IN 47362. This property was listed for sale on May 13, 2026 by Keller Williams Indpls Metro N, it's currently listed at $175,000. It has been on the market for a total of 26 days and was last sold on March 16, 2026. This listing's school district is New Castle Community Sch Corp. Nearby schools include Eastwood Elementary School, New Castle Middle School and New Castle High School. 2702 Broad Street is a 0-bed, 0-bath, 5,490 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Indpls Metro N

Based on information submitted to the MLS GRID as of 05/13/2026 06:16 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.