New Castle IN Homes for Rent

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Type:
Single Family
Sq.Ft.:
1,624
Status:
Active
Beds:
2
Lot size:
1.1 Acres
Year built:
1960
Baths:
1.00
MLS#:
22007099
Subdivision:
No Subdivision

ADDITIONAL INFORMATION

Charming 2-Bed, 1-Bath Home with Loft on 1.1 Acres - Ideal for Investors or First-Time Buyers! This 1624 sq ft home is brimming with potential! Featuring 2 bedrooms, 1 bath, and a spacious upstairs loft, it offers a great canvas for investors or first-time buyers to make their own. With tons of potential, this home is priced to sell and sits on a generous 1.1-acre lot-perfect for outdoor activities, gardening, or future expansion. A storage shed is also included for added convenience. Property is being sold as-is -an affordable opportunity to bring your vision to life!

Type:
Land
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
2.35 Acres
Baths:
MLS#:
202440188
Subdivision:
None

ADDITIONAL INFORMATION

Approx 2.35 acres in Westwood. Sale includes 6 partially wooded lots. Uninhabitable home present on lot. Functionality of previously used well and septic is unknown. For you and your clients safety please do not enter dwelling.

Type:
Land
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.2 Acres
Baths:
MLS#:
202440104
Subdivision:
None

ADDITIONAL INFORMATION

This .2 acre piece of property is ready for its next phase of life. A blank canvas on the corner of 21st Street and an alley in New Castle makes for a special spot to put a house, a tiny house or maybe a garage for extra storage.

Type:
General Commercial
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.56 Acres
Year built:
1900
Baths:
10.00
MLS#:
202439888
Subdivision:
None

ADDITIONAL INFORMATION

Whether you know it as the "Old YMCA," Young Men's Christian Association, Church Street Gym, or as the Township Trustee Office; the memories this historical property holds for countless individuals is undeniable. This property consists of two adjoined buildings. The first being a four floor 34,232 square foot multi purpose building with office space, gym, multiple recreation rooms, full basement, indoor pool, elevator and more. Updates of the first two floors have taken place over the last several years including electrical, HVAC, flooring, paint, windows, ect. The top two floors of this building were previously used as dorm style housing and the current layout and condition are still reflective of the original use. The second building (The Church Street Gym) is 11,520 square feet and features a large gymnasium with stadium seating, stage, basement locker rooms and more. No a/c in gym. The potential of these two buildings is limitless. Extensive updates will be required depending on intended use. A financial pre-approval or proof of funds is required for property tours.

Type:
Single Family
Sq.Ft.:
1,366
Status:
Active
Beds:
3
Lot size:
0.23 Acres
Year built:
1978
Baths:
2.00
MLS#:
202439849
Subdivision:
None

ADDITIONAL INFORMATION

This charming brick ranch home features three spacious bedrooms and two full bathrooms, perfect for family living. The all-electric setup ensures energy efficiency and convenience. Enjoy the added privacy of a vinyl fence surrounding the yard, ideal for outdoor gatherings or relaxing in your own space. Plus, the two-car garage provides ample storage and parking. A great opportunity for comfortable and stylish living!

Type:
Land
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.87 Acres
Baths:
MLS#:
202439691
Subdivision:
None

ADDITIONAL INFORMATION

A country feel with immediate access to town amenities makes this an ideal new home building lot. This lot is 0.87 acres. Choose between one of three lots. City utility connections in near proximity.

Type:
Land
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
1.05 Acres
Baths:
MLS#:
202439690
Subdivision:
None

ADDITIONAL INFORMATION

A country feel with immediate access to town amenities makes this an ideal new home building lot. This lot is 1.048 acres. Choose between one of three lots. City utility connections in near proximity.

Type:
Land
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.75 Acres
Baths:
MLS#:
202439688
Subdivision:
None

ADDITIONAL INFORMATION

A country feel with immediate access to town amenities makes this an ideal new home building lot. This lot is 0.75 acres. Choose between one of three lots. City utility connections in near proximity.

Type:
Single Family
Sq.Ft.:
896
Status:
Active
Beds:
2
Lot size:
0.13 Acres
Year built:
1910
Baths:
1.00
MLS#:
22006140
Subdivision:
Webster & Kramers

ADDITIONAL INFORMATION

Check out this 2-bedroom 1 bath home in the heart of New Castle. You are just a short distance from the downtown amenities, parks and schools. This home has been in the family for many years and now it's time to let someone else make this a home or investment property.

Type:
Single Family
Sq.Ft.:
1,106
Status:
Active
Beds:
3
Lot size:
0.12 Acres
Year built:
1930
Baths:
1.00
MLS#:
22005126
Subdivision:
T M Randle's

ADDITIONAL INFORMATION

Welcome home to this beautiful newly renovated 3 bedroom bungalow home, located on a corner lot for your parking convenience. This home offers its very own driveway in front of its detached garage along with a covered porch in the front yard. Inside you can enjoy your open floor plan concept with brand new appliances and new cabinetry in the kitchen, along with fresh paint, new flooring and carpet in the bedrooms. The bathroom is completely renovated with a new tile shower,a new toilet and new sink cabinets. This home offers ready laundry connections, and you can find the brand new furnace and water heater downstairs in the basement.

Type:
Manufactured Home
Sq.Ft.:
1,792
Status:
Active
Beds:
3
Lot size:
0.15 Acres
Year built:
2007
Baths:
2.00
MLS#:
22004453
Subdivision:
No Subdivision

ADDITIONAL INFORMATION

Welcome to this 3 bed 2 bath home in New Castle. Starting on the exterior there is a covered porch leading up to the front of the home and is on a corner lot. Stepping inside to an open floor plan. Lots of storage with several built in's around the living room and dining room. Spacious kitchen with center island. Primary suite loaded with standing shower and garden tub. Large closets. Two other bedrooms are spacious with walk in closets.

Type:
Land
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.42 Acres
Baths:
MLS#:
202437586
Subdivision:
None

ADDITIONAL INFORMATION

Available now is a nicely located .42-acre property within New Castle city limits! Close to Eastwood School, the convenience of Broad Street proximity, and the availability of water, gas, and electric services, this is an ideal blank canvas for your dream home or garage construction. Don't miss this opportunity to own almost .5 acres in town.

Type:
Multi-Family
Sq.Ft.:
5,184
Status:
Active
Beds:
n/a
Lot size:
0.43 Acres
Year built:
1966
Baths:
MLS#:
22003793

ADDITIONAL INFORMATION

An opportunity for investors to develop an additional 12 units on the existing 12-unit-apartment site in New Castle, Indiana. The two parcels were consolidated in 2014, and a variance has since been approved to build an additional 12 units on the current rear gravel parking lot. The existing two-story building, constructed in 1966, was renovated in 2021. The updates included interior renovations for all 12 units, the installation of water softeners and tankless water heaters, and a new roof and gutters added in 2022. The existing units comprise eight one-bedroom, one-bath units and four two-bedroom, one bath units. The total weighted average rent is $647 per month. The primary opportunity on the existing building lies in the two-bedroom units, where the current weighted average rent is $656, compared to a potential market rate of $750. The advertised price does not include the development site at the rear with its approved variance (Asking $125,000). The seller is not willing to sell the building with the existing 12 units separately: the development site must go with the package.

Type:
Single Family
Sq.Ft.:
1,808
Status:
Active
Beds:
4
Lot size:
4.04 Acres
Year built:
1900
Baths:
2.00
MLS#:
202437382
Subdivision:
None

ADDITIONAL INFORMATION

This property offers four rolling acres, mature trees, plenty of lawn space, pole barn, and detached garage. The updated farmhouse has 1,808 SF of living space. The covered front porch offers an idyllic spot to have your morning coffee or enjoy a long conversation on the porch swing. Step inside to the large living room that flows into the spacious updated kitchen. The home offers 4 bedrooms, two on the main and two upstairs, plus a bonus room off the primary bedroom that offers potential for an ensuite bathroom, expanded closet, office, or reading nook. An electric fireplace in the primary and a pellet stove in the living room are ready to add comfort and warmth on cool evenings. Windows in the dining area and laundry room allow plenty of natural light and views of the back acreage. The 30â??x 50â?? pole barn has two 14â?? x 11â?? sliding doors and 200 amp service in addition to the 200 amp shared by the home and detached 2 car garage. (wood arbor does not remain with the home) *Second full bath upstairs has not yet been installed. With acceptable offer, seller is willing to cover installation cost as quoted at closing.

Type:
Multi-Family
Sq.Ft.:
6,125
Status:
Active
Beds:
n/a
Lot size:
0.53 Acres
Year built:
1980
Baths:
MLS#:
22003740

ADDITIONAL INFORMATION

Seeking to connect a qualified investor to leverage favorable seller financing terms to facilitate a smoother purchase process on this 1980's sixteen one bedroom unit apartment building in an opportunity zone. Asset makes for an exceptional 1031 Exchange up-leg. The experienced investor will be well-positioned to capitalize on potential appreciation. The current owner has held the property since 2010 and according to seller he has invested in significant capital improvements, including a new metal roof and gutters, updated vinyl double pane windows (two windows have not been replaced), resurfaced and restriped the parking lot, and upgraded the main water line from two inches to one inch, resulting in a substantial reduction in water costs. According to Addison Properties fifty percent of the units have newer cabinets and flooring. According to current rent roll average rents of $440 are seventy three percent below the $600 market rate (according to recent sold investment sales comps in Henry County and other rent comp studies), providing an experienced investor with an opportunity to capitalize on this value-add potential and achieve greater returns into the future. According to property manager no major capital improvements are needed to achieve these results, as the significant upgrades have already been completed and the interior of the units is in market-ready condition. If you prefer traditional lending terms over seller financing, we can connect you with our extensive network of credit union banking partners for potentially more favorable terms and a lower down payment. Additionally, if you're out of state and need a property manager, we can provide reliable connections for that as well.

Type:
Land
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.45 Acres
Baths:
MLS#:
202437322
Subdivision:
Tabor Trails

ADDITIONAL INFORMATION

Approx. half acre building lot, in a very desirable location and neighborhood. Convenient location just off of SR 3 and the I-70 exit. Great school district, walkable neighborhood. Design and build your dream home on this lot with city utilities and high speed internet available. Downtown Indy 50min, Indianapolis Airport approx. 60min, Dayton Airport approx 60 min.

Type:
Land
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.45 Acres
Baths:
MLS#:
202437320
Subdivision:
Tabor Trails

ADDITIONAL INFORMATION

Approx. half acre building lot, in a very desirable location and neighborhood. Convenient location just off of SR 3 and the I-70 exit. Great school district, walkable neighborhood. Design and build your dream home on this lot with city utilities and high speed internet available. Downtown Indy 50min, Indianapolis Airport approx. 60min, Dayton Airport approx 60 min.

Type:
Land
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.45 Acres
Baths:
MLS#:
202437314
Subdivision:
Tabor Trails

ADDITIONAL INFORMATION

Approx. half acre building lot, in a very desirable location and neighborhood. Convenient location just off of SR 3 and the I-70 exit. Great school district, walkable neighborhood. Design and build your dream home on this lot with city utilities and high speed internet available. Downtown Indy 50min, Indianapolis Airport approx. 60min, Dayton Airport approx 60 min.

Type:
Land
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.45 Acres
Baths:
MLS#:
202437313
Subdivision:
Tabor Trails

ADDITIONAL INFORMATION

Approx. half acre building lot, in a very desirable location and neighborhood. Convenient location just off of SR 3 and the I-70 exit. Great school district, walkable neighborhood. Design and build your dream home on this lot with city utilities and high speed internet available. Downtown Indy 50min, Indianapolis Airport approx. 60min, Dayton Airport approx 60 min.

Type:
Land
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
5.82 Acres
Baths:
MLS#:
202437302
Subdivision:
Tabor Trails

ADDITIONAL INFORMATION

Zoned GB, located on CR 300 just off of State Hwy 3. Minutes from the I-70 exit. Almost 6 acres with additional acreage (approx 2 acres) potentially available to the north. Location has high visibility, strong traffic counts, ample road frontage. Excellent location for retail, restaurant, office, or warehouse space. City utilities and high speed internet available. Downtown Indianapolis 50 min, Indianapolis Airport approx. 60 min, Dayton Airport approx 60 min

Type:
Single Family
Sq.Ft.:
1,628
Status:
Active
Beds:
3
Lot size:
0.83 Acres
Year built:
1961
Baths:
2.00
MLS#:
202435229
Subdivision:
None

ADDITIONAL INFORMATION

Welcome to 5335 East Woodruff Dr. in New Castle! This beautifully remodeled three-bedroom, bath-and-a-half home offers an inviting open-concept living, dining, and kitchen space, perfect for modern living. The home boasts new cabinets, stainless steel appliances, and a convenient stackable washer and dryer. Step outside to enjoy the expansive yard and relax on the lovely deck. In addition to the two-car attached garage, there's a spacious 30x30 detached garage with epoxy flooringâ??ideal for entertaining, storage, or a workshop. Conveniently located, this home is a must-see opportunity for your dream home!

Type:
Single Family
Sq.Ft.:
1,668
Status:
Active
Beds:
3
Lot size:
0.44 Acres
Year built:
1975
Baths:
2.00
MLS#:
202435196
Subdivision:
Blue River Valley Estates

ADDITIONAL INFORMATION

You must see this 3 bedroom/2 bath home. It is rare to find a home with only 2 owners that has been as meticulously cared for. The location and setting are perfect, truly park-like, secluded and private. Upon entering you will appreciate the real hardwood floors throughout the entire home. A large living room with a wood burning fireplace, updated kitchen with bar and newer appliances, and a large formal dining area. Very large walk-in pantry with washer, dryer, and extra refrigerator just off the kitchen. 3 good sized bedrooms, primary has a full bath, all have real hardwood floors. The backyard is private. Patio has plenty of room for seating and entertaining, pergola remains with sale, the back yard has a privacy fence and storage shed. The garage is spacious with extra storage. This home is clean and move in ready.

Type:
Single Family
Sq.Ft.:
1,894
Status:
Active
Beds:
3
Lot size:
0.46 Acres
Year built:
1955
Baths:
1.00
MLS#:
202434378
Subdivision:
None

ADDITIONAL INFORMATION

Great starter home with new carpet & fresh paint! Start out here and use later as an investment property! A rather large lot that has endless possibilities for your desired hobbies.

Type:
Single Family
Sq.Ft.:
1,600
Status:
Active
Beds:
3
Lot size:
3.98 Acres
Year built:
1900
Baths:
1.00
MLS#:
202434097
Subdivision:
None

ADDITIONAL INFORMATION

Country living at it's best. 3 BR, 1 bath homestead north of New Castle. Master bedroom on the 1st floor and has a bonus room that could be a 4th bedroom. Covered front porch is great for mornings with an open deck with fenced in yard perfect for evening entertaining. The outbuilding contains a great workshop space, large lean-to, and 2 animal stalls. The property is almost 4 acres with natural walking trails.

Type:
General Commercial
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.44 Acres
Year built:
1965
Baths:
MLS#:
202433771
Subdivision:
None

ADDITIONAL INFORMATION

Located in a high-traffic area, this C1-zoned property offers nearly half an acre of land, providing ample space for your vision. The expansive lot size allows for multiple development possibilities, whether you're considering retail, office space, or even a mixed-use project.

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26–50 of 70 properties displayed

Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

Listings courtesy of MIBOR as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. 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. Properties displayed may be listed or sold by various participants in the MLS. © 2024 Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.


Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176


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. IDX information provided by the Indiana Regional MLS. Copyright 2025 Indiana Regional MLS. All rights reserved.



New Castle Real Estate

The median home value in New Castle, IN is $154,000. This is higher than the county median home value of $152,900. The national median home value is $338,100. The average price of homes sold in New Castle, IN is $154,000. Approximately 54.8% of New Castle homes are owned, compared to 29.93% rented, while 15.27% are vacant. New Castle real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a New Castle real estate agent to arrange a tour today!

New Castle, Indiana has a population of 17,465. New Castle is less family-centric than the surrounding county with 25.71% of the households containing married families with children. The county average for households married with children is 28.42%.

The median household income in New Castle, Indiana is $46,112. The median household income for the surrounding county is $54,154 compared to the national median of $69,021. The median age of people living in New Castle is 40.5 years.

New Castle Weather

The average high temperature in July is 83.2 degrees, with an average low temperature in January of 17.7 degrees. The average rainfall is approximately 43.5 inches per year, with 24.5 inches of snow per year.

New Castle Real Estate Market Conditions

  • Median sales price

    $154,000
    15.1% change since last quarter
  • # Active listings

    70
    30-day change

New Castle Schools and Demographics

Education near New Castle, IN

Metric City County
High School Graduates 90.05 90.8
College Degree - 2 year 7.49 8.82
College Degree - 4 year 16.36 17.55
Graduate Degree 5.68 5.28
Expenditures per Student 12,632 12,632
Students per Teacher 13.9 13.9

Elementary Schools near New Castle, IN

School Grades Students P/T Ratio ZIP
Blue River Valley Elementary School PK - 06 379 19.6 47362
Eastwood Elementary School PK - 06 252 16.8 47362
Hagerstown Elementary School PK - 06 589 16.8 47346
James Whitcomb Riley Elementary School 01 - 06 261 16.3 47362
Parker Elementary School KG - 06 440 19.1 47362
Shenandoah Elementary School PK - 05 643 23 47356
Sunnyside Elementary School KG - 07 268 14.9 47362
Tri-Elementary School KG - 06 387 17.2 47387
Westwood Elementary School 01 - 06 256 17.1 47362
Wilbur Wright Elementary School KG - 06 367 17.5 47362

Middle Schools near New Castle, IN

School Grades Students P/T Ratio ZIP
Kennard Elementary School KG - 04 94 9.2 47351
New Castle Middle School 07 - 08 552 13.1 47362
Shenandoah Middle School 06 - 08 356 16.2 47356

High Schools near New Castle, IN

School Grades Students P/T Ratio ZIP
Blue River Valley Junior/Senior High School 07 - 12 266 10.2 47362
Hagerstown Junior/Senior High School 07 - 12 518 17.9 47346
New Castle High School 09 - 12 1,119 12.8 47362
Shenandoah High School 09 - 12 385 14.3 47356
Tri Junior-Senior High School 07 - 12 392 14.2 47387

Demographics near New Castle, IN

Metric City County
Neighborhood Type Suburban
Population 17,465 48,857
Population Density 2,375 125
Median Age 40.5 41.9
People per Household 2.4 2.5
Median Household Income 46,112 54,154
Average Income per Capita 23,677 26,892