Sold548d on marketHistoric · 126 yrs
806 Broad St
New Castle, IN, 47362 • 47362 • Henry County
$40,000
1Beds
1Baths
0.15 acLot
1900Built
Property DNA
Character Home
Built 1900 · 126 years of history
Elders
47362
This home is getting attention
Listed 548 days ago · 12 views
Market activity
Demand and pricing signals for this listing
12 views
People checking out this listing
548 days on market
Established listing
Selling Soon Prediction
HighThis home ranks in the top 23% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1900 · Historic
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.
Standout features identified
Our analysis highlights porch railing replacements and siding repairs as key attractions of this home.
Estimated monthly payment
Based on current rates
$261/month
Principal & Interest$208
Property Tax$40
Insurance$13
Down payment20% ($8,000)
3%50%
Est. 6.75% rate · 30yr fixed · $32,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family, Triplex
Year Built1900
Parking5 Carport spaces
Property
Home typeMulti Family
Sub-typeMulti Family, Triplex
Year built1900
Stories2
Parking & Outdoor
ParkingGravel
Lot6,534 sqft
Location & Tax
Neighborhood47362
Annual tax$1,440
Parcel331210341220000016
Features & details
1 category of property features
Exterior Features
Parking
Gravel
Listing insights
Market data and value estimates
StatusSold
Days on market548
Est. value$111,600
Est. rent$732/mo
Tax rate0.75%
On marketAug 20, 2024
PostedAug 20, 2024
Last sold$40,000
MLS statusSold
MLS updatedOct 10, 2024
Tour days6
Views12
How are the schools in New Castle?
3 schools rated nearby
Location
New Castle, IN, 47362
Price history
4 events
DateEventPrice$/sqftSource
Oct 8, 2024Sold$40,000—MIBOR as distributed by MLS GRID
Sep 12, 2024Pending Sale$42,400—MIBOR as distributed by MLS GRID
Aug 20, 2024Listed For Sale$42,400—MIBOR as distributed by MLS GRID
Feb 26, 2013Sold$23,600—Public Record
Sold$40,000
Oct 8, 2024•MIBOR as distributed by MLS GRID
Pending Sale$42,400
Sep 12, 2024•MIBOR as distributed by MLS GRID
Listed For Sale$42,400
Aug 20, 2024•MIBOR as distributed by MLS GRID
Sold$23,600
Feb 26, 2013•Public Record
Tax history
17 years of records
YearTax paidAssessed value
Apr 10, 2024$1,440$74,900
Apr 10, 2023$1,170$72,000
Apr 10, 2022$1,224$58,500
Apr 10, 2021$1,178$61,200
Apr 10, 2020$1,186$58,900
Apr 10, 2019$1,772$59,300
Apr 10, 2017$1,154$57,500
Apr 10, 2016$1,144$56,100
Apr 10, 2014$1,164$58,200
Apr 10, 2013$1,092$54,600
Apr 10, 2012$1,152$57,600
Apr 10, 2011$1,130$56,500
Apr 10, 2010$1,148$57,400
Apr 10, 2009$1,188$59,400
Apr 10, 2007$1,728$59,400
Apr 10, 2006—$65,200
Apr 10, 2005—$58,800
Nearby homes
Neighborhood details
Local context around this listing
New Castle, IN • Henry County
Nearby neighborhoods
MillvilleWestwood
Nearby cities
CadizCambridge CityKnightstownMiddletownMoorelandMount SummitNew CastleSpiceland
Nearby zip codes
47362
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Based on information submitted to the MLS GRID as of 2026-04-10 01:33:13 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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