$260,000
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.
Take State Rd 1 into the town of Butler. Building will be on left side of the road, about 5 blocks before the center of town.
| MLS # | 202618820 |
|---|---|
| Date Listed | 2026-05-18 |
| Status | Active |
| Property Type | Investment |
| Property SubType | Sixplex |
| Finished Square Feet | 3712 sqft |
| Total Square Feet | 4336 sqft |
| New Construction | No |
| Style | Two Story |
| Type | Sixplex |
| Basement | Yes |
| Bedrooms | 8 |
| Bathrooms | 6 |
| Annual Taxes | $4,745.04 |
| Year Taxes Payable | 2025 due 2026 |
| Year Built | 1900 |
| Virtual Tour | propertypanorama.com » |
| Days on Market | 6 |
| Living Room | 2 × 0 | Level |
| Family Room | 750 × 650 | Level |
| Kitchen | 750 × 600 | Level |
| 5th Bedroom | 6 × 6 | Level |
| Extra Room | 1 × 0 | Level |
| Full Baths | 8 Main, 1 Upper |
| Construction | Sixplex |
|---|---|
| Lot Size | 7,841 sq ft |
| Acreage | 0.18 Acres |
| Lot Dimensions | 60x127 |
| Fence | None |
| Area | Dekalb County |
|---|---|
| County | Dekalb |
| Subdivision | None |
| Township | Wilmington |
| City | Butler |
| State | IN |
| Zip | 46721 |
| School District | Dekalb Co. Eastern |
|---|---|
| Elementary | Butler |
| Middle School | Eastside |
| High School | Eastside |
| Assoc. Dues | $0.00 Not Applicable |
|---|
MLS# 202618820
IDX information provided by the Indiana Regional MLS.
IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Christina Koher
RE/MAX Results
Cell: 260-668-9235
Listing updated May 19, 2026 at 10:43 am
Last checked 6 minutes ago