627 S Frederick Street, New Harmony, IN 47631
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Austin Lame

Austin Lame

+1(812) 706-9625
Listed by Chadd Huffman • RK Brokerage LLC
$ 375,000
Est. payment | /mo

8 Beds

8 Baths

6,109 SqFt

Save
$ 375,000
Est. payment | /mo
Save

8 Beds

8 Baths

6,109 SqFt

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 202631594

Style Multi-Story (3+)

Bedrooms 8

Full Baths 8

Abv Grd Liv Area 6,109

Total Fin. Sqft 6109

Year Built 1970

Tax Year 2026

Lot Size 0.252 Acres

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

County Posey County

Area Posey County

Zoning Unknown

Direction Hwy 66 west to south on Hwy 69 to west on Brewery St to south on East St

Rooms

Dining Room 0

Interior

Flooring Carpet, Vinyl

Appliance Building

Laundry , 20

Exterior

Fence None

Amenities Available Off Street Parking, Eat-In Kitchen

Roof Type Shingle

Total Parking Spaces 20

Building

Lot Description Level

Story 3

Structure Type Vinyl

New Construction No

Schools

Elementary Schools Farmersville

Middle Schools Mount Vernon

High Schools Mount Vernon

School District Msd Of Mount Vernon

Others

Financing Conventional

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.

Nearby Locations

Austin Lame

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(812) 706-9625

austin@bhhsin.com

7220 Eagle Crest Boulevard, Evansville, IN 47715, United States

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627 S Frederick Street