Great opportunity to own a 4-unit multifamily property in a historic east-side Richmond neighborhood. Each unit offers 2 bedrooms, with two currently occupied at $650/month each and two vacant and ready for new tenants. The vacant units provide immediate potential to increase overall rental income, while the existing units offer additional room for rent growth. Tenants pay their own gas and electric, while the owner pays water and sanitation. Each unit features gas furnace heat and window A/C. Off-street parking is available behind the property. Ideal for a first-time investor, experienced landlord, or out-of-state investor seeking a manageable multifamily opportunity. Conveniently located near Richmond's shopping, dining, recreation, services, and everyday amenities. With income already in place and two units ready to lease, this property offers flexibility and upside for its next owner. Call Amber Irwin for more information.
For sale
Price cut: $24.9K (9/28)
$125,000
1816 E Main St, Richmond, IN 47374
8beds
4baths
1,634sqft
Quadruplex, Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$76/sqft
$-- HOA
What's special
Gas furnace heat
- 42 days
- 275
- 8
Zillow last checked:
Listing updated:
Listed by:
Amber Irwin,
Better Homes and Gardens First Realty Group
Source: RLMS,MLS#: 10054287
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Rooms
- Room types: Basement
Heating
- Unit 1 Heat Type(Gas), Unit 2 Heat Type(Gas), Unit 3 Heat Type(Gas), Unit 4 Heat Type(Gas)
Cooling
- Window Unit(s)
Appliances
- Included: Unit 1 Appliances(Range-Electric, Refrigerator), Unit 2 Appliances(Range-Electric, Refrigerator), Unit 3 Appliances(Range-Electric, Refrigerator), Unit 4 Appliances(Range-Electric, Refrigerator), Gas Water Heater
Features
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,634
- Total interior livable area: 1,634 sqft
Property
Parking
- Parking features: No Garage
Features
- Levels: Two
- Patio & porch: Covered, Porch
Lot
- Size: 5,009 Square Feet
- Dimensions: 34 x 147
Details
- Parcel number: 891633430242.000030
- Zoning: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding, Stick
- Foundation: Basement
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Richmond Power and Light
- Gas: Vectren/Centerpoint
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Location
- Region: Richmond
Financial & listing details
- Price per square foot: $76/sqft
- Tax assessed value: $10,800
- Annual tax amount: $216
- Date on market: 9/1/2026
- Total actual rent: 1300
- Tenant pays: Unit 1 Gas, Unit 2 Gas, Unit 3 Gas, Unit 4 Gas, Unit 1 Electricity, Unit 2 Electricity, Unit 3 Electricity, Unit 4 Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Price change | $125,000-16.6%$76/sqft |
Source:  RLMS #10054287 Report a problem | ||
| 9/1/2026 | Listed for sale | $149,900+1327.6%$92/sqft |
Source: RLMS #10054287 Report a problem | ||
| 6/8/2022 | Sold | $10,500+124.9%$6/sqft |
Source: Public Record Report a problem | ||
| 4/27/2022 | Sold | $4,669$3/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $184 +12.2% | $10,800 +17.4% |
| 2024 | $164 +1539.8% | $9,200 +12.2% |
| 2023 | $10 -99.3% | $8,200 +1540% |
| 2022 | $1,480 | $500 -99.3% |
| 2021 | $1,480 +0% | $74,000 |
| 2020 | $1,480 +91.7% | $74,000 |
| 2019 | $772 +40.9% | $74,000 +168.1% |
| 2018 | $548 -37.2% | $27,600 +0.7% |
| 2017 | $872 +3.3% | $27,400 -37.2% |
| 2016 | $844 -0.5% | $43,600 +2.8% |
| 2014 | $848 +41.3% | $42,400 +41.3% |
| 2013 | $600 -50.7% | $30,000 -49.7% |
| 2012 | $1,217 +4.9% | $59,600 +4.9% |
| 2010 | $1,160 -3.8% | $56,800 -3.7% |
| 2009 | $1,206 | $59,000 |
Find assessor info on the county website
Monthly payment
Est. payment
