Building Details

Year Built 1977

Stories 2

Tenancy Multi

Listing Agency: William Wilson Auction Center

Listed By: Andrew Wilson · License #IN AU198003110

Source: Crexi

Added: May 20 Changed: Aug 27 Last Checked: Sep 4 at 3:39PM

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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 William Wilson Auction Center

Investment Insights

Based on property information with market context.

This 5-unit multifamily property features a two-story wood-frame construction on a corner 0.23-acre lot. The asset is positioned as an income-producing rental opportunity in New Harmony, with showings requiring at least 24 hours’ notice to respect tenant privacy.

The property is described as being just blocks from the town’s historic commercial area, providing convenient access to local retail and amenities. It also notes proximity to Mount Vernon and Evansville for commuters in the surrounding tri-state area.

A proforma is available upon request. The property is offered for sale.

Key Highlights

• 5‑unit multi‑family property in historic New Harmony, Indiana
• Two‑story wood‑frame construction with 1977 year built
• Located on a corner 0.23‑acre lot

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Building Supply Grocery & Convenience Store Big Box & Wholesale Store Kitchen & Bath Showroom Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

235

Businesses Nearby

Explore this area Business Placement

Demographics for 47631, IN

1,908

Population

1,001

Households

1.9

Avg Household Size

51

Median Age

26%

College-Educated

93%

High-School Grad

59.4 sq mi

ZIP Area

32

Density / Sq Mi

$60,509

Median Household Income

$39,611

Median Earnings

$875

Median Rent

$184,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Two-story wood-frame 5-unit rental property on a corner lot in New Harmony, Indiana.

Where is this apartment building located?

The property is located at 702 EAST ST New Harmony, IN.

What is the asking price?

The asking price for this property is $360,000.

What are key features of this property?

This property features: 5‑unit multi‑family property in historic New Harmony, Indiana; Two‑story wood‑frame construction with 1977 year built; Located on a corner 0.23‑acre lot