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$235,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 19 hours ago
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Live upstairs and lease the bottom to pay your mortgage. Amazing opportunity to own a large commercial/residential space on a corner lot in Downtown Aurora. The upstairs is one large apartment with 2 bedrooms, 1 bath, kitchen, dining room and living room. The exposed brick and hardwood floors add to the charm of this large apartment. The apartment has private parking in a covered carport and the covered porch on the second level offers great views of the fireworks that happen multiple times each year The ground level has 1,512 Sq Ft of business space and it has a small kitchen and a bath. The exterior of this building is beautiful and has rich history. There was once a Pure Oil Gas Station housed here with a general store I believe in the 20's.

Full Property Details for 502 3rd St

General

  • Price: $235,000
  • Status: Active
  • Type: Multi-Family
  • Source: SE_Indiana
  • MLS ID: 208438
  • Updated: 10/1/2026
  • Added to Site: 2 day(s) ago

Interior

  • Fireplace: Yes
  • Fireplace(s): None
  • Appliances: Oven/Range, Refrigerator

Rooms

Other Rooms

  • Laundry: Private

Parking

  • Parking Features: Carport Attached, Concrete Floor, Side
  • Other Parking Type: Driveway, Off Street, Onstreet, Private

Location

  • County: Dearborn
  • Township: Center
  • Historic District: Yes

School Information

  • School District: South Dearborn
  • Elementary School: Aurora Elementary
  • High School: South Dearborn High

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Gas

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water: Public
  • Sep. Elec Meters: Yes

Structural Information

  • Architectural Style: Traditional
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Full
  • Roof: Shingle
  • Windows: Vinyl
  • Stories/Levels: Two
  • Square Feet: 2,593
  • Living Area: 2,593 Sq. Ft.
  • Year Built: 1880

Unit Information

  • 2 Bedroom Units: 2

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.044
  • Lot Size (Sq. Ft.): 1,917
  • Street/Road Desc.: Paved
  • Driveway/Sidewalk: Concrete

Financial Considerations

  • Owner Pays: All Utilities, Common Area Maint, External Maintenance, Insurance, Internal Maintenance, Other, Taxes
  • Tenant Pays: Other

Disclosures and Reports

  • APN: 15-07-32-204-024.000-003
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 502 3rd St —

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 502 3rd St

School District:South Dearborn Community School Corporation
NameGradesDistance
Aurora Elementary School
6098 Squire Place, Aurora, IN 47001
PK-61.6 mi
Manchester Elementary School, Aurora, IN
9387 Sr 48, Aurora, IN 47001
K-67.6 mi
Dillsboro Elementary School
13200 North Street, Dillsboro, IN 47018
K-69.1 mi
South Dearborn Middle School
5850 Squire Place, Aurora, IN 47001
7-81.6 mi
South Dearborn High School
5770 Highlander Place, Aurora, IN 47001
9-121.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 502 3rd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/30/2026
Listed
$235,000
67.86%
MLS
5/19/2020
Sold
$140,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 502 3rd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,489
-18%
$98,200
5%
2024
$1,805
-1%
$93,800
-1%
2023
$1,823
-35%
$94,700
—
2022
$2,822
104%
$94,300
10%
2020
$1,385
-3%
$86,100
43%
2019
$1,434
—
$60,200
-4%
2018
$1,434
2%
$62,800
—
2017
$1,406
-22%
$62,800
3%
2016
$1,806
—
$61,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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502 Third Street, Aurora, IN 47001 (MLS# 208438) is a Multi-Family property with 1 unit containing 0 bedrooms and 0 full bathrooms. 502 Third Street is currently listed for $235,000 and was received on September 30, 2026. This property is listed by Jay Knowles from our Ohio Indiana West Regional Office.Want to learn more about 502 Third Street? Do you have questions about finding other Multi-Family real estate for sale in Aurora? You can browse all Aurora real estate or contact a Coldwell Banker agent to request more information.

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