701 S 14th St

701 S 14th St, New Castle, IN 47362

  • For Sale $840,000
  • Property Type Multi-Family
  • Property Size 7,344 SF
  • Units 12
  • Lot Size 0.2 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1974
  • Year Renovated 2024
  • Date Updated Apr 30, 2025
Discover the vibrant community surrounding the property located in New Castle, IN, 47362. Positioned in the heart of town, this thriving area boasts a rich tapestry of amenities, including local dining options such as Stagger Inn, Old Richmond Inn, and Tally's Tap & Eatery. With its proximity to local parks like Baker Park, Riley Park, and the Bundy Park Walking Trail, tenants and employees can enjoy a perfect blend of work and leisure. Additionally, the property is within reach of essential services, shopping destinations, and cultural attractions, making it an ideal location for an Office / Office Building investor seeking a dynamic and supportive environment.Discover a prime investment opportunity with this meticulously maintained 7,344 SF property in New Castle, IN, 47362. Featuring 12 units and an impressive 92% occupancy rate, this building presents a compelling option for Multifamily investors. Renovated in 2024-2025, the property offers modern amenities within a well-maintained structure, ensuring tenant satisfaction and long-term value. With rental increase upside and a sought-after R3 zoning classification, this asset is positioned to generate strong returns and establish a solid foothold in the thriving New Castle area. Don't miss the chance to capitalize on this exceptional commercial real estate opportunity.
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Highlights

  • 7,344 SF building
  • 12 units
  • Value add through rental increase
  • Renovated in 2024-25
  • Zoned R3
  • Located in New Castle area
  • 92% occupancy

Contacts

broker

Indiana Realty

Location

Getting Around

  • Walk Score ®

    63/100 Somewhat Walkable
  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City New Castle, IN
  • Zip Code 47362

Points of Interest

  • Speedway

    0.54 miles

  • Shell

    0.68 miles

  • Kroger Fuel

    0.70 miles

  • Village Pantry

    1.08 miles

  • Flying J

    5.60 miles

  • Pilot

    5.73 miles

  • Citgo

    5.96 miles

  • OYO Hotel

    2.62 miles

  • Garden Inn

    2.84 miles

  • Steve Alfred Inn

    2.97 miles

  • Flamingo Motel

    9.04 miles

  • Early Bird Diner

    0.37 miles

  • Ky's American Bistro

    0.41 miles

  • Primo

    0.43 miles

  • Jack's Donuts

    0.48 miles

  • Stacks

    0.62 miles

  • Los Amigos

    0.63 miles

  • Wendy's

    0.65 miles

  • Long John Silver's

    0.65 miles

  • Pizza King

    0.66 miles

  • Pizza Hut

    0.70 miles

  • Hernly School

    0.48 miles

  • Weir School

    0.49 miles

  • Parker Elementary School

    0.72 miles

  • New Castle Middle and High School

    0.94 miles

  • New Castle Chrysler High School

    0.98 miles

  • Parkview Junior High School

    0.98 miles

  • Wilbur Wright Elementary School

    1.05 miles

  • Sunnyside Elementary School

    1.29 miles

  • James Whitcomb Riley Elementary School

    1.63 miles

  • Sugar Grove School

    2.37 miles

Frequently Asked Questions

How much does 701 S 14th St cost?

The space currently listed for sale at 701 S 14th St asks for $840,000.

What is the total square footage of 701 S 14th St?

701 S 14th St totals 7,344 square feet.

When was this property built?

701 S 14th St was built in 1974.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker

Indiana Realty

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