Duplex with Attached
761-763 SW 15th Street Richmond, IN 47374
For Sale
$259,900
Pending
MULTI_FAMILY - Richmond, IN
Property Size2,384 SF
Lot Size0.21 Acres
Days on Market61
Property Features for 761-763 SW 15th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
4
Bathrooms
4
Rooms
Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Parking features
Driveway, Garage
Window features
Wood Frames
Patio and Porch features
Patio
Interior features
Attic, Bathtub, CeilingFans, KitchenFamilyRoomCombo, Pantry
Exterior features
Patio, Storage
Appliances
Dishwasher, Disposal, Range, Refrigerator, ElectricWaterHeater
Standard status
Pending
APN
89-18-06-310-121.000-030
Size
2,384 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
LOT 13 HIDDEN VALLEY EAST SEC 2 & UND 1/8 INT PRIVATE PARK HIDDEN VALLEY EAST, SEC 2 BLK B
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s), Wall Unit(s)
Building Details
Year built
1979
Floors in Building
2
Number of units
2
Building materials
WoodSiding
Additional Structures
Shed(s), Storage
Listing Agency:
eXp Realty
(866) 212-4991
Listed By:
Andrew Gaydosh · License #2001008598
(937) 305-9570
Added: May 29
Changed: Jul 24
Last Checked: Jul 28 at 1:06PM
MLS# 960369
Copyright © 2026 Dayton Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale double townhouse duplex features an open floor plan with living and dining rooms, an A/C wall unit, and a kitchen that includes a laundry area plus a 1/2 bath on the main floor. Upstairs, each unit offers a full bath, two bedrooms, and an additional walk-in attic room.
The property is located in the Hidden Valley Westside Subdivision in Richmond, Indiana, and sits on a 0.21-acre lot. A wooded backyard provides outdoor space, along with a shed and patio. Each side includes an attached car garage.
The layout is well-suited for buyers seeking a residential income property with clear separation of living areas within the duplex configuration. The in-unit laundry area, upstairs bedrooms, and included attic room add functional storage and flexibility for everyday use. Outdoor space and privacy in the backyard, combined with attached parking, can be practical for tenant or household routines.
The property is located in the Hidden Valley Westside Subdivision in Richmond, Indiana, and sits on a 0.21-acre lot. A wooded backyard provides outdoor space, along with a shed and patio. Each side includes an attached car garage.
The layout is well-suited for buyers seeking a residential income property with clear separation of living areas within the duplex configuration. The in-unit laundry area, upstairs bedrooms, and included attic room add functional storage and flexibility for everyday use. Outdoor space and privacy in the backyard, combined with attached parking, can be practical for tenant or household routines.
Key Highlights
- Double townhouse layout with open living and dining area
- Kitchen includes a laundry area, plus a 1/2 bath on the main floor
- Upstairs full bath with two bedrooms and an additional walk‑in attic room
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.3k | $10.20 |
| − Vacancy | −$1.6k | −$0.66 |
| EGI | $22.7k | $9.54 |
| − OpEx | −$6.8k | −$2.86 |
| NOI | $15.9k | $6.68 |
2,384 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$227.4K
$198.9K – $265.3K
NOI $15,915 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$207.5K
$181.6K – $242.1K
NOI $14,525 @ 7.0% cap · market cap 5.59%
Theoretical Best
Mixed Use
$298.9K
$261.5K – $348.7K
NOI $20,920 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two townhouse units with an open main level, two bedrooms each, and an attached car garage.
Where is this duplex located?
The property is located at 761-763 SW 15th Street Richmond, IN.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Double townhouse layout with open living and dining area; Kitchen includes a laundry area, plus a 1/2 bath on the main floor; Upstairs full bath with two bedrooms and an additional walk‑in attic room
