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$260,000

For Sale

A month ago

501 N Broadway St, Butler, IN

House

MLS® 202618820

8 Bed

6 Bath

3712 sqft

6 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 3712 sqft
Garage 
Taxes $2,635
Days Active 37
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $70
MLS® Number 202618820

Property Address: 501 N Broadway St, Butler, IN, 46721-1082

Average square foot calculated using Size range provided by listing agent.

Description

This versatile multi-family investment opportunity in the heart of Butler offers strong cash flow potential with a cap rate of 10% or greater! This well-maintained six-unit apartment building features two spacious 2-bedroom units and four 1-bedroom units, making it an attractive option for a variety of tenants. Conveniently located near downtown Butler and within easy commuting distance to many local factories and major employers, the property benefits from consistent rental demand. Designed for low-maintenance ownership, the exterior features durable vinyl siding and a metal roof. Tenants enjoy off-street parking for up to six residents, a shared laundry facility, and private full bathrooms in every unit. Each apartment also includes a kitchen equipped with a refrigerator, stove, and cabinet storage. A detached garage provides valuable additional storage space for maintenance materials, tools, or other operational needs. Tenants pay all utilities, helping maximize owner profitability, and the current owners utilize professional property management for streamlined operations. Whether you are looking to expand your portfolio or step into multifamily investing, this income-producing property presents an excellent opportunity with solid returns and long-term potential.
MLS® Number202618820
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementPartial
DrivewayGravel, Lot, Off Street
Garage Spaces
HeatForced Air
A/CWall/Window Unit(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 18, 2026List Date
$260,000List Price
Feb 8, 2024End Date
$175,000Sold Price

Sold

Jun 17, 2025List Date
$190,000List Price
  • Commute

Commute

Starting Address
Destination Address
501 N Broadway St, Butler, IN

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