FOR SALE

0.54 ACRES

$455,000

$475,000

6 Beds
6 Baths
3,348 sqft (on 0.54 acres)

601 S Walnut St, Mount Summit, IN 47361

Est. Mortgage $2,803/mo*

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Home Highlights

Multi-Family

Built in 1960

0.54 acre lot

$136/sqft

Local Information

Map ViewExplore the area around 601 S Walnut St.
Schools1 Preschool School1 Elementary School1 Middle School1 High School
Shop & Eat

-- mins to

Commute Destination

About this House

CAP RATE of 9.7%. Turnkey 7-UNIT investment opportunity in this fully occupied, one-level apartment building conveniently located in Mount Summit, IN. Built in 1960, it has a total 3,348 square feet of living area resting on a spacious .537 acre lot. Six of the units are 1 bedroom, one-bathroom and approximately 500 SF each. The 7th unit is an efficiency unit with approximately 350 SF of living space. The spacious lot allows for tenant parking on property. Recent updates include a spacious deck for outdoor gatherings, fresh exterior paint, and coin-op laundry machines. Owner pays all utilities and maintenance. Tenant’s rights apply. (*interior photos have been digitally altered to remove some personal items)

Last check for updates: about 9 hours ago

Listing courtesy of Jon Kindred

Real Broker LLC

Source: RLMS, MLS#10054238

Also Listed on IRMLS, IRMLS.

Home Details for 601 S Walnut St

Interior Features
Interior Details Basement: NoneNumber of Rooms: 18
Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 6
Dimensions and Layout Living Area: 3348 Square Feet
Appliances & Utilities Appliances: Unit 1 Appliances(Range-Electric, Refrigerator), Unit 2 Appliances(Range-Electric, Refrigerator), Unit 3 Appliances(Range-Electric, Refrigerator), Unit 4 Appliances(Range-Electric, Refrigerator), Unit 5 Appliances(Range-Electric, Refrigerator), Unit 6 Appliances(Range-Electric, Refrigerator), Electric Water Heater
Heating & Cooling Heating: Unit 1 Heat Type(Electric),Unit 2 Heat Type(Electric),Unit 3 Heat Type(Electric),Unit 4 Heat Type(Electric),Unit 5 Heat Type(Electric),Unit 6 Heat Type(Electric)Has CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Unit 1 Heat Type Electric
Fireplace & Spa No Fireplace
Levels, Entrance, & Accessibility Levels: One

Exterior Features
Exterior Home Features Roof: Asphalt ShinglePatio / Porch: DeckFoundation: Slab
Water & Sewer Sewer: Public Sewer

Days on Market
Days on Market: 23

Property Information
Year Built Year Built: 1960
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family
Building Construction Materials: Brick, Wood Siding, Stick
Property Information Parcel Number: 330721240241.000022

Price & Status
Price List Price: $455,000Price Per Sqft: $136
Status Change & Dates Possession Timing: Negotiable, Subject To Tenant Rights

Active Status
MLS Status: ACTIVE

Location
Direction & Address City: Other

Agent Information
Listing Agent Listing ID: 10054238

Building
Building Area Building Area: 3348 Square Feet

Lot Information
Lot Area: 0.54 acres

Rental Terms, Policies & Fees
Owner Pays: Unit 1 Water, Unit 2 Water, Unit 3 Water, Unit 4 Water, Unit 5 Water, Unit 6 Water, Unit 1 Gas, Unit 2 Gas, Unit 3 Gas, Unit 4 Gas, Unit 5 Gas, Unit 6 Gas, Unit 1 Electricity, Unit 2 Electricity, Unit 3 Electricity, Unit 4 Electricity, Unit 5 Electricity, Unit 6 Electricity

Miscellaneous
Mls Number: 10054238

Around this home

Blue River Valley Elementary School
PK-6
Public
331 Students
Blue River Valley Schools
5/10
GreatSchools Rating
Parent Rating Average
It’s a great school with a small town feel. The teachers and staff are excellent. It’s the kind of school where everyone knows everyone. Highly recommend!
Parent Review
6y ago
3 Reviews

View nearby schools on GreatSchools

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Market trends in Mount Summit

Last updated August 2026

Avg. sale price

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Sale-to-List Price

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Price per sq ft

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Available listings

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Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.

Address	Distance	Property Type	Sold Price	Sold Date	Bed	Bath	Sqft
504 N 12th St, New Castle, IN	4.31	Multi-Family Home	$115,000	02/05/26	3	3	-
933 S 14th St #935 & 937, New Castle, IN	5.28	Multi-Family Home	$110,000	07/31/26	4	3	2,736
515-517 S 18th St, New Castle, IN	5.04	Multi-Family Home	$70,000	03/23/26	3	2	-
933 S 14th St, New Castle, IN	5.28	Multi-Family Home	$110,000	07/31/26	3	2	-
1127-1129 S 18th St, New Castle, IN	5.45	Multi-Family Home	$118,000	12/05/25	4	2	-
2611 Plum St, New Castle, IN	5.32	Multi-Family Home	$97,500	11/14/25	2	1	-
925 S Main St, New Castle, IN	5.23	Multi-Family Home	$180,000	11/12/25	1	1	-
1213 S 23rd St, New Castle, IN	5.56	Multi-Family Home	$70,000	11/05/25	1	1	-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.

Address	Distance	Price	Bed	Bath	Sqft	Status
407 S Walnut St, New Castle, IN 47362	0.11	$239,900	4	2	1,978	Recently Sold
321 S Walnut St, Mount Summit, IN 47362	0.18	$71,000	2	1	1,056	Recently Sold
316 S Walnut St, New Castle, IN 47362	0.22	$189,800	2	1	2,016	Off Market
308 S Walnut St, New Castle, IN 47362	0.28	$169,000	2	1.5	1,519	Off Market
300 S Walnut St, Mount Summit, IN 47361	0.34	$148,200	4	2	2,007	Off Market
209 S Willard St, Mount Summit, IN 47361	0.38	$225,400	3	2	1,528	Off Market
206 W School St, Mount Summit, IN 47361	0.38	$238,000	4	2	1,826	Recently Sold
205 Maple St, Mount Summit, IN 47361	0.38	$110,000	2	2	616	Recently Sold
202 W Vine St, New Castle, IN 47362	0.42	$120,000	2	1	1,912	Off Market
313 S Walnut St, Mount Summit, IN 47361	0.48	$237,500	2	1.5	2,173	For Sale
208 W Main St, Mount Summit, IN 47361	0.49	$159,900	2	1	1,560	Recently Sold

Price and Tax history

Date	Event	Price
Sep 8, 2026 Source: IRMLS #202628922	PriceChange	$455,000 Price decreased by 4%
Jul 17, 2026 Source: IRMLS #202628922	Listed For Sale	$475,000
Apr 5, 2023 Source: IRMLS #202241258	ListingRemoved	$450,000
Dec 14, 2022 Source: IRMLS #202241258	PriceChange	$450,000 Price decreased by 8%
Oct 13, 2022 Source: IRMLS #202241258	Pending	$490,000
Oct 4, 2022 Source: IRMLS #202241258	Listed For Sale	$490,000

LGBTQ Local Legal Protections

Additional Cost

Jon Kindred, Real Broker LLC

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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601 S Walnut St, Mount Summit, IN 47361 is a 6 bedroom, 6 bathroom, 3,348 sqft multi-family built in 1960. This property is currently available for sale and was listed by RLMS on Aug 25, 2026. The MLS # for this home is MLS# 10054238.

$455,000

601 S Walnut St, Mount Summit, IN 47361

Home Highlights

Local Information

About this House

Home Details for 601 S Walnut St

Interior Features

Exterior Features

Days on Market

Property Information

Price & Status

Active Status

Location

Agent Information

Building

Lot Information

Rental Terms, Policies & Fees

Miscellaneous

Around this home

Market trends in Mount Summit

Home Value

Comparable sales

Nearby home prices

Price and Tax history

LGBTQ Local Legal Protections

Housing

Employment

Public accommodations

Additional Cost

Similar Homes You May Like

New Listings near 601 S Walnut St

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