$84,000

1701-1705 Morton St New Castle, IN 47362

$998
Closing credit¹
3 beds
1 full
0.2 acres
$69 / sqft
House

Property details

About 1701-1705 Morton St

Discover the perfect investment with this versatile property featuring two fully rented units—a charming 3-bedroom, 1-bathroom main home and a separate 1-bedroom, 1-bathroom ADU (Accessory Dwelling Unit). Combined, these units generate a total of $1,185/month in rental income—with the main home at $600/month (1701) and the ADU at $585/month (1705). The spacious main residence offers abundant natural light, a functional kitchen, and a private backyard—ideal for relaxing or entertaining. The cozy ADU includes a full kitchen, comfortable living space, and a private entrance, providing flexibility and privacy for tenants or extended family. Located near schools, shopping, and other local amenities, this property also features ample off-street parking and strong income potential. Whether you're an investor seeking consistent cash flow, a homeowner looking for additional revenue, or in need of a multi-generational living setup, this property offers endless possibilities. Don’t miss out on this income-generating gem.

Highlights

Home typeSingle Family Residence
HeatingNatural Gas, Forced Air
StatusActive
CoolingCentral Air
Lot size0.239 Acres
Year built1917
MLS #202508184

Virtual tour

Summary

  • MLS Number: 202508184
  • Office Name: NextHome Elite Real Estate
  • Office Phone: (765) 729-5181
  • Listing Agent: James Meredith

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). 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. ©2011-2025 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/20/2025, 4:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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property entrance with board and batten siding

$84,000

1701-1705 Morton St

$998

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
May 19, 2023
Home Sold
$65,000
May 19, 2023
Home Sold
$65,000

Tax history

YearAssessmentProperty Tax
2023$37,300$746
2021$29,400$624

History based on county public records data.

Nearby schools

4

Parker Elementary School

Public District KG-6

0.3 mi

1819 Roosevelt Ave

2

Sunnyside Elementary School

Public District KG-4

0.7 mi

2601 S 14th St

7

James Whitcomb Riley Elementary School

Public District KG-6

0.8 mi

1201 Riley Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $38,750. Typical income of New Castle, IN residents is less than $<35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

48%
<35k
34%
35k-100k
18%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

43%
Single, No Kids
10%
Single, with Kids
31%
Married, No Kids
16%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

11%
<11 yrs old
9%
12-17 yrs old
15%
18-34 yrs old
43%
35-64 yrs old
22%
65+ yrs old

What do the neighbors do for fun?

  • Horse RacesHorse Races
  • Pro BoxingPro Boxing
  • NHRA Drag RacingNHRA Drag Racing

Where do the neighbors shop?

  • Stein MartStein Mart
  • Family DollarFamily Dollar
  • Big LotsBig Lots

Where do the neighbors go to eat?

  • LongHorn SteakhouseLongHorn Steakhouse
  • White CastleWhite Castle
  • Golden CorralGolden Corral

What do the neighbors drive?

  • BuickBuick
  • ChevroletChevrolet
  • KiaKia

What do the neighbors listen to?

  • Contemporary InspirationalContemporary Inspirational
  • RockRock
  • Adult StandardsAdult Standards
All data provided by Home Junction and Claritas

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Frequently asked questions

About 1701-1705 Morton St

This home is located at 1701-1705 Morton St in New Castle, IN and zip code 47362. This home, which was built in 1917, sits on a 0.24 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 14, 2025 and is currently priced at $84,000.

In March 2025 more than 5 listings in New Castle, IN were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 12 were sold below. The number of homes for sale in New Castle, IN increased by 26.3% between February and March 2025. In March 2025, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $156,083.

From Rocket Homes Real Estate and based on county public records data.

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