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Active
    • $375,000

    627 S Frederick St, New Harmony, IN 47631

    8beds
    6,109sqft
    : 
    $2,383/mo
    Get pre-qualified
    Multi Family
    Built in 1970
    -- sqft lot
    $370,800 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Ample off-street parking
    Excellent investment opportunity in the heart of New Harmony! This income-producing 8-unit multifamily property offers a strong rental portfolio with value-add potential. The building consists of three 1-bedroom units, three 2-bedroom units, and two 3-bedroom units, providing a desirable mix of floor plans to attract a variety of tenants. Numerous recent updates have been completed, including updated HVAC systems in the majority of the units, helping reduce future maintenance costs and improve tenant comfort. A portion of the basement offers individual storage areas for tenants, while additional space presents the opportunity to add a shared laundry facility, creating the potential for an additional income stream. The property also features ample off-street parking, adding convenience for residents. Whether you're looking to expand your investment portfolio or capitalize on future upside through additional improvements, this well-located New Harmony multifamily property is one you won't want to miss.
    9 days
    |
    300
    |
    15
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Chadd Huffman 812-508-6683,

    RK Brokerage LLC

    Source: IRMLS,MLS#: 202631594MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 8
      • Full bathrooms: 8
      Heating
      • Natural Gas
      Cooling
      • Central Air
      Features
      • Eat-in Kitchen
      • Flooring: Carpet, Vinyl
      • Basement: Partially Finished,Block
      Interior area
      • Total structure area: 6,109
      • Total interior livable area: 6,109 sqft
      • Finished area above ground: 6,109
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 20
      • Parking features: Gravel, Off Street, Paved, Off Street Parking
      Features
      • Levels: Multi-Story (3+)
      • Stories: 3
      • Fencing: None
      Lot
      • Size: 0.25 Acres
      • Dimensions: 50x219
      • Features: Level, City/Town/Suburb
      Details
      • Additional structures: None
      • Parcel number: 652601210018.000007

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Traditional
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1970

      Utilities & green energy

      • Electric: CenterPoint Energy
      • Gas: CenterPoint Energy
      • Sewer: City
      • Water: City

      Community & HOA

      Community
      • Subdivision: Country Terrace
      Location
      • Region: New Harmony

      Financial & listing details

      • Annual tax amount: $4,378
      • Date on market: 8/4/2026
      • Listing terms: Conventional
      • Inclusions: Building
      • Lease term: Other
      • Total actual rent: 59520
      • Tenant pays: Cooling, Electricity, Heating

        Estimated market value

        $370,800

        $352,000 - $389,000

        $1,061/mo

        Price history

        DateEventPrice
        8/4/2026Listed for sale$375,000
        Source: IRMLS #202631594 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 47631

        Getting around

        45 / 100
        Car-Dependent
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Farmersville
        • Middle: Mount Vernon
        • High: Mount Vernon
        • District: MSD of Mount Vernon

        Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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