501 N Broadway Street Butler, IN $ 260,000
501 N Broadway Street
$ 260,000
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501 N Broadway Street

Butler, IN, 46721
$ 260,000
Bedrooms8 Baths6.0 Sq 3,712

Monthly Estimate*

$ 1,601

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Multi-Family Home for sale in Butler, IN

for $260,000 with 8 bedrooms and 6 full baths. This 3,712 square foot home was built in 1900.

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.

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Multi-Family Active

Price

$ 260,000

Bedrooms

8

Full Bath

6

Property Type

Multi-Family

Taxes

$ 2,635

Style

Sixplex

Year Built

1900

Town/City

Butler

County/Region

De Kalb

MLS | Web ID

202618820

Features
General
Heating Forced Air
Cooling Window
Sewer City
# of Buildings 1
Status Active Active
Full Baths 6
Half Baths 0
Bathrooms 6
Year Built 1900
Parking Gravel Lot Off Street
New Construction No
Tenant Pays Cable Cooling Electric Heating Sewer Trash Collection Water
Subdivision None
Style Two Story
Stories Count 2
Township Wilmington
Class INVESTMENT
Type Sixplex
Age 126
Net Income 28092.2
Rent Income 49800
Features Basement Off Street Parking Countertops-Laminate
REO No
Status Detail 0
Common Amenities Laundry Facilities
Area Dekalb County
Location City/Town/Suburb
High School Eastside
City Butler
School District Dekalb Co. Eastern
Total Sq Ft 4336
Elementary School Butler
Middle School Eastside
Legal Description Ling Add Lot 5
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202618820
Agent First Name Christina
Agent Last Name Koher
DOM 16
Tax Year 2025 due 2026
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Interior
Basement Partial Basement
Flooring Carpet Laminate Vinyl
Beds 8
Total Number of Units 6
Microwaves 0
Refrigerators 6
Washers 1
Dryer(s) 1
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 8
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 1
Ranges/Ovens 6
W/D Hookups 0
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Exterior
Exterior Vinyl
Pool No
Number of Parking Spaces 6
Lot Size Area 7841
Lot Dimensions 60x127
Lot Description Level 0-2.9999
Fence None
Outbuilding None
Waterfront Y/N No
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* Excluded Features
List By
Christina Koher

Listing Agent

Re/Max Results

Broker

christinakoher@remax.net

Email

Affordability Calculator

$1,820
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,601
Monthly Property Taxes
$220
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1235588 Elementary School
1237509 Middle School
Eastside High School High School
Pricing History
DatePricePrice ChangeDescription
5/18/2026$260,000 Listed Price

Map


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501 N Broadway Street, Butler, IN, 46721 is a Multi-Family Home for sale at $260,000 with 3,712 sqft. 501 N Broadway Street has 8 bedrooms, 6.0 baths, and was built in 1900. The property's zip code is 46721 which is in Butler, IN