501 N Broadway Street, Butler, IN 46721

Butler
Local realty services provided by:ERA First Advantage Realty, Inc.
501 N Broadway Street,Butler, IN 46721
$260,000
Virtual Tour
  • 8 Beds
  • 6 Baths
  • 3,712 sq. ft.
  • Multi-family
  • Active
Listed by: christina koher, debbie kinneyCell: 260-668-9235
Office: re/max results
MLS#:202618820
Source:Indiana Regional MLS

Price summary

  • Price:$260,000
  • Price per sq. ft.:$59.96

About this home

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...

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Home facts

  • Year built:1900
  • Listing ID #:202618820
  • Added:3 day(s) ago
  • Updated:May 21, 2026 at 02:49 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:6
  • Full bathrooms:6
  • Flooring:Carpet, Laminate, Vinyl
  • Basement Description:Partial Basement
  • Living area:3,712 sq. ft.

Heating and cooling

  • Cooling:Window
  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1900
  • Building area:3,712 sq. ft.
  • Lot area:0.18 Acres
  • Lot Features:Level
  • Architectural Style:Two Story
  • Construction Materials:Vinyl
  • Levels:2 Stories

Schools

  • High school:Eastside
  • Middle school:Eastside
  • Elementary school:Butler

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$260,000
  • Price per sq. ft.:$59.96
  • Tax amount:$4,745

Features and amenities

  • Amenities:Countertops-Laminate

Parking

  • Parking description:Gravel Parking, Off Street Parking, Parking Lot
  • Garage spaces:1
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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