Unlock the potential of this gutted triplex, ready for transformation into a high-yield 4-unit Quadplex. This property is primed for the savvy investor willing to do the renovations. Property Details: Current Setup: Triplex, 2 Water Heaters, 3 Electric Panel Boxes. Conversion Potential: 4-unit Quadplex with 1 Bed/1 Bath or Studio apartments Utility Upgrade: Can be upgraded to 4 separate electric meters Renovation Scope: Electrical upgrade needed (suggested upgrades: 4 tankless water heaters, additional electric panel box to have 4 total), Siding repairs, Porch railing replacements, Repainting, Minor foundation repair, Financial Highlights: Section 8 FMR in 47362: Up to $730/month per unit Projected Gross Income: $2,920/month post-renovation This property presents an excellent value-add opportunity with significant upside potential. With the right improvements, you can maximize your ROI and secure steady income.
Sold
$40,000
806 Broad St, New Castle, IN 47362
1beds
1baths
--sqft
Multi Family, Triplex
Built in 1900
-- sqft lot
$90,200 Zestimate®
$--/sqft
$606 Estimated rent
Home value
$90,200
$64,000 - $121,000
$606/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Jordan Ice 317-743-7934,
Fair Market Value Investment Sales
Bought with:
Jared Smith
Highgarden Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 21997271
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Features
- Has basement: Yes
Property
Parking
- Total spaces: 5
- Parking features: Gravel
- Carport spaces: 5
- Details: Unit Parking(Unpaved)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 331210341220000016
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Triplex
Condition
- New construction: No
- Year built: 1900
Community & HOA
Community
- Subdivision: Elders
Location
- Region: New Castle
Financial & listing details
- Tax assessed value: $40,200
- Annual tax amount: $1,440
- Date on market: 8/20/2024
- Cumulative days on market: 23 days
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2024 | Sold | $40,000-5.7% |
Source:  MIBOR as distributed by MLS GRID #21997271 Report a problem | ||
| 9/12/2024 | Pending sale | $42,400 |
Source: MIBOR as distributed by MLS GRID #21997271 Report a problem | ||
| 8/20/2024 | Listed for sale | $42,400+79.7% |
Source: MIBOR as distributed by MLS GRID #21997271 Report a problem | ||
| 2/26/2013 | Sold | $23,600 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $816 -43.3% | $40,200 -46.3% |
| 2024 | $1,440 +23.1% | $74,900 +4% |
| 2023 | $1,170 -4.4% | $72,000 +23.1% |
| 2022 | $1,224 +3.9% | $58,500 -4.4% |
| 2021 | $1,178 -0.7% | $61,200 +3.9% |
| 2020 | $1,186 -33.1% | $58,900 -0.7% |
| 2019 | $1,772 +53.5% | $59,300 +3.1% |
| 2017 | $1,154 +0.9% | $57,500 +2.5% |
| 2016 | $1,144 -1.7% | $56,100 -3.6% |
| 2014 | $1,164 +6.6% | $58,200 +6.6% |
| 2013 | $1,092 -5.2% | $54,600 -5.2% |
| 2012 | $1,152 +1.9% | $57,600 +1.9% |
| 2011 | $1,130 -1.6% | $56,500 -1.6% |
| 2010 | $1,148 -3.4% | $57,400 -3.4% |
| 2009 | $1,188 -31.3% | $59,400 |
| 2007 | $1,728 | $59,400 -8.9% |
| 2006 | -- | $65,200 +10.9% |
| 2005 | -- | $58,800 |
Find assessor info on the county website
Neighborhood: 47362
Nearby homes
- $--1 bd1 ba-- sqft806 Broad St #1, New Castle, IN 47362Off Market
- $--1 bd1 ba-- sqft806 Broad St #2, New Castle, IN 47362Off Market
- $--1 bd1 ba-- sqft806 Broad St #3, New Castle, IN 47362Off Market
- $--1 bd1 ba-- sqft806 Broad St #4, New Castle, IN 47362Off Market
- $132,1004 bd2 ba1.5k sqft802 Broad St, New Castle, IN 47362Off Market
- $59,7003 bd2 ba1.7k sqft812 Broad St, New Castle, IN 47362Off Market
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- $154,4003 bd2 ba2k sqft116 N 8th St, New Castle, IN 47362Off Market
Nearby schools
GreatSchools rating
- 8/10Wilbur Wright Elementary SchoolGrades: PK-6Distance: 0.9 mi
- NANew Castle Area Vocational SchoolGrades: 6-12Distance: 1.3 mi
Schools provided by the listing agent
- Middle: New Castle Middle School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Indiana
- Henry County
- New Castle
- 47362
- 806 Broad St
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