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702 East St, New Harmony, IN, 47631

--beds
5baths
4,594sqft
$360,000
$78price/sqft
$2,648/moest. monthly cost
$105,920/yrincome needed

About This Home

Discover a rare income-producing opportunity in the heart of historic New Harmony, Indiana. This 5-unit multi-family property offers investors a stable, high-yield addition to their portfolio or an opportunity for an owner-occupant. Positioned on a corner 0.23-acre lot, this property represents a steady stream of rental income in a market with historically low vacancy rates and high demand for housing. Properties like this rarely become available in New Harmony. Situated just blocks from the town's historic commercial area, tenants enjoy easy access to local cafes, boutique shopping, walking trails, and cultural landmarks. Furthermore, its proximity to Mount Vernon and Evansville makes it an attractive commuter location for professionals working in the surrounding tri-state area. Don't miss out on this unique multi-family opportunity in Posey County! Contact us today to schedule your private tour. A proforma financial statement is available upon request. Showings will require at least a 24 hour notice.

Getting Around

48
WalkingCar-Dependent
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Schools

6/10
North Elementary SchoolGrades PK-68.5 mi
7/10
8/10
North Posey Sr High SchoolGrades 7,9-127.1 mi

Construction

Condition

  • Year built: 1977

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Flooring: Carpet,Linoleum
  • Finished area above ground: 4,594

Heating

  • Heating features: Has Heating (Unspecified Type)

Interior Area

  • Total structure area: 4,594
  • Total interior livable area: 4,594 sqft

Property

Details

  • Parcel number: 652536343043.000007
  • Lease amount: 0

Features

  • Stories: 2

Lot

  • Lot size: 10,018 sqft