502 S 12th Street New Castle, IN $ 169,900
502 S 12th Street
$ 169,900
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502 S 12th Street

New Castle, IN, 47362
$ 169,900
Bedrooms6 Baths2.2 Sq 2,688

Monthly Estimate*

$ 1,073

502 S 12th Street, New Castle, IN 47362 - Image 1
502 S 12th Street, New Castle, IN 47362 - Image 2
502 S 12th Street, New Castle, IN 47362 - Image 3
502 S 12th Street, New Castle, IN 47362 - Image 4
502 S 12th Street, New Castle, IN 47362 - Image 5
502 S 12th Street, New Castle, IN 47362 - Image 6
502 S 12th Street, New Castle, IN 47362 - Image 7
502 S 12th Street, New Castle, IN 47362 - Image 8
502 S 12th Street, New Castle, IN 47362 - Image 9
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Multi-Family Home for sale in New Castle, IN

for $169,900 with 6 bedrooms and 2 full baths, 2 half baths. This 2,688 square foot home was built in 1900.

This duplex sits just minutes from downtown and offers two spacious units, each with 3 bedrooms, 1 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.

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Multi-Family Active

Price

$ 169,900

Bedrooms

6

Full Bath

2

Half Bath

2

Property Type

Multi-Family

Taxes

$ 1,536

Style

Traditional

Year Built

1900

Town/City

New Castle

County/Region

Henry

MLS | Web ID

202632411

Features
General
Heating Gas Forced Air
Cooling None
Sewer City
Status Active Active
Full Baths 2
Half Baths 2
Bathrooms 4
Year Built 1900
Parking Street
New Construction No
Tenant Pays Electric Fuel
Subdivision None
Style Two Story
Stories Count 2
Township Henry
Class INVESTMENT
Type Duplex
Age 126
Net Income 13547.76
Rent Income 20400
Features Basement Ceiling Fan Fenced Yard Cable Available Countertops-Laminate Porch Covered Washer Hook-Up
REO No
Status Detail 0
Common Amenities None
Area Henry County
Location City/Town/Suburb
High School New Castle
City New Castle
School District New Castle Community School Corp
Architectural Style Traditional
Total Sq Ft 4032
Elementary School Parker
Middle School New Castle
Legal Description W MURPHEYS ADD PT LOT 2 BLK 3
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202632411
Agent First Name Krista
Agent Last Name Gibson
DOM 2
Tax Year 2026
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Interior
Basement Full Basement Unfinished
Flooring Laminate Wood
Beds 6
Total Number of Units 2
Microwaves 0
Refrigerators 2
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 6
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 2
W/D Hookups 2
Basement Material Block
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Exterior
Exterior Aluminum
Driveway None
Pool No
Number of Parking Spaces 4
Lot Size Area 5140
Lot Dimensions 66X78
Lot Description 0-2.9999
Fence Chain Link
Outbuilding None
Water Features None
Waterfront Y/N No
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* Excluded Features
List By
Krista Gibson

Listing Agent

Re/Max First Integrity

Broker

Krista.Gibson@remax.net

Email

Affordability Calculator

$1,201
Per Month
89%
11%
0%
Monthly Principal & Interest
$1,073
Monthly Property Taxes
$128
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
1237246 Elementary School
1236357 Middle School
New Castle High School High School
Pricing History
DatePricePrice ChangeDescription
8/10/2026$169,900 Listed Price

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502 S 12th Street, New Castle, IN, 47362 is a Multi-Family Home for sale at $169,900 with 2,688 sqft. 502 S 12th Street has 6 bedrooms, 2.2 baths, and was built in 1900. The property's zip code is 47362 which is in New Castle, IN