This duplex sits just minutes from downtown and offers two spacious units, each with 3 bedrooms, 1½ baths, a formal dining room, fireplace, tall ceilings, large rooms, fenced backyard space, and its own laundry hookup downstairs. One unit has a long-term tenant already in place, providing income from day one. The second unit is expected to be vacant by the end of the month, giving the next owner the flexibility to renovate, re-lease, or occupy it depending on the plan. A couple of the bigger-ticket items have already been handled, including a new roof this year and a new sewer line from the house to the road. For an investor looking for a property with an existing tenant, a vacant unit to reposition, and plenty of square footage to work with, this one gives you options.
Active
$169,900
502 S 12th St, New Castle, IN 47362
6beds
2,688sqft
Duplex
Built in 1900
-- sqft lot
$164,500 Zestimate®
$--/sqft
$-- HOA
What's special
Own laundry hookup downstairsFormal dining roomTall ceilingsSpacious unitsFenced backyard spaceLarge roomsNew roof this year
- 11 days |
- 295 |
- 12 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Krista Gibson Cell:765-524-4013,
RE/MAX First Integrity
Source: IRMLS,MLS#: 202632411
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Natural Gas, Forced Air
Cooling
- None
Appliances
- Laundry: Washer Hookup
Features
- Ceiling Fan(s), Laminate Counters
- Flooring: Laminate, Wood
- Basement: Full,Unfinished,Block
Interior area
- Total structure area: 4,032
- Total interior livable area: 2,688 sqft
- Finished area above ground: 2,688
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: On Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch Covered
- Fencing: Chain Link,Fenced
Lot
- Size: 5,227 Square Feet
- Dimensions: 66X78
- Features: 0-2.9999, City/Town/Suburb
Details
- Additional structures: None
- Parcel number: 331215230126.000016
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex
Materials
- Aluminum Siding
- Foundation: Basement
- Roof: Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Duke Energy Indiana
- Gas: CenterPoint Energy
- Sewer: City
- Water: City, New Castle Utility
- Utilities for property: Cable Available
Community & HOA
Community
- Features: None
- Subdivision: None
Location
- Region: New Castle
Financial & listing details
- Tax assessed value: $73,900
- Annual tax amount: $1,536
- Date on market: 8/10/2026
- Listing terms: Cash,Conventional
- Inclusions: Building, Lease
- Lease term: Month To Month
- Total actual rent: 20400
- Tenant pays: Electricity, Fuel
Estimated market value
$164,500
$156,000 - $173,000
$906/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Listed for sale | $169,900+151.7% |
Source:  IRMLS #202632411 Report a problem | ||
| 6/25/2020 | Listing removed | $67,500$25/sqft |
Source: ERA Integrity Real Estate #10038592 Report a problem | ||
| 6/25/2020 | Listed for sale | $67,500+5.5%$25/sqft |
Source: ERA Integrity Real Estate #10038592 Report a problem | ||
| 6/24/2020 | Sold | $64,000-5.2%$24/sqft |
Source:  MIBOR as distributed by MLS GRID #21708423 Report a problem | ||
| 5/8/2020 | Pending sale | $67,500$25/sqft |
Source: ERA Integrity Real Estate #10038592 Report a problem | ||
| 5/8/2020 | Listed for sale | $67,500$25/sqft |
Source: ERA Integrity Real Estate #10038592 Report a problem | ||
| 5/8/2020 | Pending sale | $67,500$25/sqft |
Source: ERA Integrity Real Estate #202015875 Report a problem | ||
| 5/6/2020 | Listed for sale | $67,500$25/sqft |
Source: ERA Integrity Real Estate #202015875 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,488 +3.9% | $73,900 -0.7% |
| 2024 | $1,432 +23.7% | $74,400 +3.9% |
| 2023 | $1,158 +20.4% | $71,600 +23.7% |
| 2022 | $962 +3.7% | $57,900 +20.4% |
| 2021 | $928 +2% | $48,100 +3.7% |
| 2020 | $910 +1.9% | $46,400 +2% |
| 2019 | $893 -0.5% | $45,500 +3.6% |
| 2017 | $897 -24% | $43,900 +2.3% |
| 2016 | $1,180 -2.6% | $42,900 -29.2% |
| 2014 | $1,212 +6.5% | $60,600 +6.5% |
| 2013 | $1,138 -5% | $56,900 -5% |
| 2012 | $1,198 -12% | $59,900 -12% |
| 2011 | $1,362 -0.1% | $68,100 -0.1% |
| 2010 | $1,364 -3.4% | $68,200 -3.4% |
| 2009 | $1,412 -31.2% | $70,600 +0.1% |
| 2007 | $2,051 | $70,500 +0.9% |
| 2006 | -- | $69,900 +0.1% |
| 2005 | -- | $69,800 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 47362
Nearby schools
GreatSchools rating
- 3/10Eastwood Elementary SchoolGrades: PK-6Distance: 0.8 mi
- NANew Castle Area Vocational SchoolGrades: 6-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Parker
- Middle: New Castle
- High: New Castle
- District: New Castle Community School Corp.
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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