# 501 N Broadway Street, Butler, IN 46721

> **TL;DR:** 8bd/6ba residential multi family, $260,000 ($70/sqft), 3,712 sqft.
> Basement. Est. $1,127/mo. Listed 14 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $260,000 |
| Price/sqft | $70 |
| Bedrooms | 8 |
| Bathrooms | 6 full |
| Square Feet | 3,712 |
| Lot Size | 7,841 sqft (0.18 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 14 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,127 |
| **Total** | **$1,127** |

## Nearby Schools

- **Elementary:** Butler
- **Middle:** Eastside
- **High:** Eastside

## Key Amenities

- Basement

## Property Highlights

- 0.18 acre lot
- 2 stories

## Description

### Agent Description
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.

## Location

- **Address:** 501 N Broadway Street, Butler, IN 46721
- **County:** Dekalb County
- **Neighborhood:** None
- **Coordinates:** 41.434484, -84.871182
- **Google Maps:** https://www.google.com/maps?q=41.434484,-84.871182

## Listing Agent

- **Name:** Christina Koher
- **Brokerage:** RE/MAX Results
- **Phone:** 2606689235
- **Email:** christinakoher@remax.net

## Primary Photo

![501 N Broadway Street - Primary Photo](http://lh.rdcpix.com/57a43ee6e4eeb671951ed440923c1a36l-f3611378003r.jpg)

*34 total photos available on [listing page](https://www.propertysimple.com/listing/501-n-broadway-street-butler-in-46721-02618820)*

---

**MLS#:** 202618820 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Northeastern Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/501-n-broadway-street-butler-in-46721-02618820)

---

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