Three-Bedroom Brick Duplex
For Sale
Contact for pricing
4933 Richmond Drive Unit A, Newburgh, IN 47630
The home combines an eat-in kitchen, private patio, and off-street parking in a low-maintenance rental arrangement.
Property Size1,188 SF
Price / SF$1.18
Days on Market66
Property Features for 4933 Richmond Drive Unit A
General Information
Standard status
Active
Size
1,188 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Building Size
1,188 SF
Year Built
1969
Buildings
1
Construction
brick
Listing Agency:
Landmark Realty & Development, Inc
Listed By:
Holly Hopkins
(812) 499-1262
Source:
Pinnacle
Added: Aug 31
Changed: Oct 30
Last Checked: Nov 3 at 8:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Landmark Realty & Development, Inc
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Investment Insights
Based on property information with market context.
This 1,188-square-foot brick duplex unit has three bedrooms and one-and-a-half bathrooms. The layout includes a great room, eat-in kitchen, and a kitchen closet for a washer and dryer. Wood and laminate flooring run through the home, while the primary bedroom has two closets and its own half bath. The full bathroom includes a tub-shower combination and ceramic tile flooring.
Outside, a deep concrete driveway provides off-street parking, and a patio offers outdoor space. Lawn mowing and maintenance are handled by the landlord. The lease term is 12 months; a credit check is required, and smoking and pets are not permitted.
Outside, a deep concrete driveway provides off-street parking, and a patio offers outdoor space. Lawn mowing and maintenance are handled by the landlord. The lease term is 12 months; a credit check is required, and smoking and pets are not permitted.
Key Highlights
- 1,188‑square‑foot brick duplex unit with three bedrooms and 1.5 bathrooms
- Great room and eat‑in kitchen, with a washer and dryer closet in the kitchen
- Primary bedroom includes two closets and a private half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,069
Suggested Prices Based on Cap Rates
Cap Rate 5%
$121,380
$121.4K
Cap Rate 7%
$86,700
$86.7K
Cap Rate 9%
$67,433
$67.4K
Market Conditions
NOI Build-Up for 1,188 SF
Gross rent
$11.7K $9.84/SF
− Vacancy
−$655 −$0.55/SF
EGI
$11.0K $9.29/SF
− OpEx
−$5.0K −$4.18/SF
NOI
$6.1K $5.11/SF
Area
Warrick County, IN
Vacancy
5.60%
Lease Rate
$9.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$121,380
Cap Rate 7%
$86,700
Cap Rate 9%
$67,433
Alternative Uses
Best Use
Apartment 5plus
$86.7K
$75.9K – $101.2K
NOI $6,069 @ 7.0% cap · market cap 433.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$235.1K
$205.7K – $274.2K
NOI $16,454 @ 7.0% cap · market cap 1,175.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
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Business Placement
Demographics for 47630, IN
38,309
Population
15,620
Households
2.5
Avg Household Size
41
Median Age
44%
College-Educated
97%
High-School Grad
47.0 sq mi
ZIP Area
815
Density / Sq Mi
$101,462
Median Household Income
$53,105
Median Earnings
$1,108
Median Rent
$255,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The home combines an eat-in kitchen, private patio, and off-street parking in a low-maintenance rental arrangement.
Where is this residential income property located?
The property is located at 4933 Richmond Drive Unit A Newburgh, IN.
What are key features of this property?
This property features: 1,188‑square‑foot brick duplex unit with three bedrooms and 1.5 bathrooms; Great room and eat‑in kitchen, with a washer and dryer closet in the kitchen; Primary bedroom includes two closets and a private half bath
