Listing courtesy of RE/MAX First Integrity · Listing agent: Krista Gibson · Cell: 765-524-4013
502 S 12th Street
$164,900
$61.35 / sq ft
New Castle, IN 47362-4634
Original price $169,900 · Price reduced on September 8, 2026
- Basement
- Bedrooms
- 6
- Bathrooms
- 3
- Living area
- 2,688 sq ft
- Lot
- 0.12 ac
- Year built
- 1900
- Type
- Duplex
- Listed
- August 10, 2026
- MLS #
- 202632411
About this home
This duplex sits just minutes from downtown and offers two spacious units, each with 3 bedrooms, 1½ 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.
Property details
Interior
- Levels
- Two
- Stories
- 2
- Total area
- 4,032 sq ft
- Finished area above grade
- 2,688 sq ft
- Unfinished area below grade
- 1,344 sq ft
- Main level
- 1,344 sq ft
- Upper level
- 1,344 sq ft
- Below grade total
- 1,344 sq ft
- Bedrooms above grade
- 6
- Basement
- Full, Unfinished
- Flooring
- Laminate, Wood
- Heating
- Natural Gas, Forced Air
- Amenities
- Basement, Ceiling Fan, Fenced Yard, Cable Available, Countertops-Laminate, Porch Covered, Washer Hook-Up
Exterior & parking
- Style
- Traditional
- Construction
- Aluminum Siding
- Roof
- Shingle
- Foundation
- Block
- Parking
- On Street
- Private pool
- No
- Fencing
- Chain Link
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- 0-2.9999
- Lot size (acres)
- 0.12 ac
- Lot dimensions
- 66X78
- Location type
- City/Town/Suburb
- County
- Henry County
- Township
- Henry
- Lots
- 2
- Platted
- Yes
- Planned unit development
- No
- Directions
- GPS Friendly
Schools
- Elementary school
- Parker
- Middle school
- New Castle
- High school
- New Castle
- School district
- New Castle Community School Corp.
Taxes & terms
- Annual taxes
- $1,536
- Tax year
- 2026
- Assessed value
- $73,900
- Tax exemptions
- No Exemptions
- Listing terms
- Cash, Conventional
- Possession
- tenants rights
- Parcel number
- 33-12-15-230-126.000-016
Included in the sale
- Included in sale
- Building,Lease
Utilities
- Water
- City
- Sewer
- Public Sewer
- Electric provider
- Duke Energy Indiana
- Gas provider
- CenterPoint Energy
- Water provider
- New Castle Utility
Income & commercial
- Units
- 2
- Annual gross rent
- $20,400
- Net operating income
- $13,548
- Lease term
- Month To Month
- Parking spaces
- 4
- Pets allowed
- No
- Tenant pays
- Electricity, Fuel
- Insurance (annual)
- $1,107
- Water & sewer (annual)
- $2,233
Location
Similar homes
$179,900
Listed Aug 211930-1932 Fairmont Avenue
New Castle, IN 47362
- 4 beds
- 2.5 baths
- 1,843 sq ft
Listing courtesy of F.C. Tucker/Crossroads Real Estate
