Property photo 1
Courtesy of RK Brokerage LLC, Chadd Huffman, 812-319-4351
8 Beds
8 Baths
6,109 sqft

$375,000

627 S Frederick Street, New Harmony IN, 47631

Price per sqft$61.38
Built in1970
Property size6,109 sqft
Property typeMulti-family

Overview

Active

Updated 2 weeks ago

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.

$2,495/mo

Est. mortgage payment based on a $375,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202631594

Interior Features

Bedrooms
8
Bathrooms
8
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.25 Acres
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

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Data last updated 3:44 AM UTC, 9/24/2026

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