627 S Frederick ST, New Harmony, IN 47631
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Monica Proenza

Monica Proenza

+1(812) 558-6941
Listed by RK Brokerage LLC
$ 375,000
Est. payment /mo
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Active

627 S Frederick ST New Harmony, IN 47631

8 Beds

8 Baths

6,109 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Eightplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,109 sqft

Subdivision Country Terrace

MLS Listing ID IRM202631594

Style Traditional

Bedrooms 8

Full Baths 8

HOA Y/N No

Year Built 1970

Annual Tax Amount $4,378

Tax Year 2026

Lot Size 0.252 Acres

Acres 0.252

Lot Dimensions 50x219

Property Sub-Type Eightplex

Property Description

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.

Location

State IN

Rooms

Basement Partially Finished

Interior

Heating Gas

Inclusions Building

Fireplace N

Exterior

Parking Features Gravel, Off Street, Paved

Fence None

Waterfront Description None

View Y/N true

Total Parking Spaces 20

Building

Lot Description Level

Story Three Or More

Sewer Public Sewer

Water City

Level or Stories Three Or More

New Construction No

Schools

Elementary Schools Farmersville

Middle Schools Mount Vernon

High Schools Mount Vernon

School District Msd Of Mount Vernon

Others

Pets Allowed No

Tax ID 65-26-01-210-018.000-007

Monthly Total Fees $8, 000

Acceptable Financing IRM202631594

Listing Terms IRM202631594

Special Listing Condition None

Pets Allowed No

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.

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627 S Frederick ST