702 East St, New Harmony, IN, 47631
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
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Strong Wind
- Winter Weather
- Cold Wave
- Drought
- Earthquake
- Hail
- Heat Wave
- Ice Storm
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,820 | $21,840 |
| Home Insurance * | $251 | $3,012 |
| Property Taxes | $156 | $1,872 |
| Electricity | $421 | $5,053 |
| Total | $2,648 | $31,776 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-20 | Listed for sale | $360,000 |
View on Zillow