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Property view

627 S Frederick Street, 
New Harmony, IN 47631

$375,000


8

Beds


8

Baths


6,109

Sq Ft


Multi-Family

Active

Listed by

Chadd Huffman

Rk Brokerage LLC.

Last updated:

September 12, 2026, 03:45 PM

MLS#

202631594

Source:

Indiana Regional MLS

About This Home

627 S Frederick Street

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.

Home Facts

Multi-Family

8 Baths

8 Bedrooms

Built in 1970

Subdivision & Development:

Country Terrace

Price Summary

375,000

$61 per Sq. Ft.

MLS #:

202631594

Last Updated:

September 12, 2026, 03:45 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

8

Interior

Living Area:

6,109 Sq. Ft.


Structure

Structure

Architectural Style:

Multi-Story (3+), Traditional

Building Area:

6,109 Sq. Ft.

Year Built:

1970


Lot

Lot Size (Sq. Ft):

10,977


Finances & Disclosures

Finances

Price:

$375,000

Price per Sq. Ft:

$61 per Sq. Ft.

Source:Indiana Regional MLS
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.