3616 W Nat'l Rd

Richmond, IN 47374

$259,900
Price
4
Beds
3,676 Sq. Ft.
$71 / Sq. Ft.
3,676
Sq. Ft.
$71
per Sq. Ft.

Description

Check out this versatile mixed-use investment opportunity in a prime location! This property features a commercial space on the main floor with four 1-bedroom, 1-bath apartments on the second level, offering multiple streams of income. The property is equipped with central air and a gas furnace for year-round comfort. Tenants enjoy a shared laundry area and convenient off-street parking. The building is fully occupied, providing immediate cash flow for the next owner. Located in a high-visibility,...Check out this versatile mixed-use investment opportunity in a prime location! This property features a commercial space on the main floor with four 1-bedroom, 1-bath apartments on the second level, offering multiple streams of income. The property is equipped with central air and a gas furnace for year-round comfort. Tenants enjoy a shared laundry area and convenient off-street parking. The building is fully occupied, providing immediate cash flow for the next owner. Located in a high-visibility, desirable area with strong rental demand, this turnkey property is an excellent addition to any investment portfolio.
  1. Listed by Mark Tooley • Tarter Realty Auction and Appraisal Company • Cell: 765-546-9051

Property Details for 3616 West Nat'l Road

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 01/12/2026 07:58 PM

Property Details for 3616 West Nat'l Road

StatusActive
MLS #202600945
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment Building
Year Built1952
CountyWayne County

Location

Listing Courtesy of Tarter Realty Auction and Appraisal Company
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Building Information for 3616 West Nat'l Road

Building/Complex3616 W Nat'l RdFloor-Stories2Residences5Pet Policy-Pet Policy Details-Year Built1952Building Size-

Payment Calculator

$1,267 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,267

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3616 West Nat'l Road

Summary
Location and General Information
  • Area: Wayne County
  • City: Richmond
  • Zip Code: 47374
  • State: IN
  • Township: Center
  • Geo Latitude: 40
  • Geo Longitude: -85
  • Fips Code: 18177
  • Directions To Property: 35 to Richmond. Straight onto Salisbury Rd. Right onto W National Rd.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2026
  • Parcel Number Id: 89-10-22-320-104.000-005
School Information
  • School District: Centerville-Abington Community Schools
  • Elementary: Centerville-Abington
  • Middle School: Centerville
  • High School: Centerville
Parking
  • Number Of Parking Spaces: 10
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Building
  • Approx Lot Size Acres: 0.34
  • Lot Dimensions: x
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 3676.0
  • Approx Lot Size Sqft: 14810.0
  • Above Grade Finished Sqft: 3420.0
  • Below Grade Finished Sqft: 256.0
  • Total Below Grade Sqft: 256.0
  • Total Finished Sqft: 3676.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: 0-2.9999
Property and Assessments
  • New Construction: No
  • Year Built: 1952
  • Age: 74
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement
  • Exterior: Block
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 0
  • Number of Refrigerators: 0
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Basement: Yes
  • Basement/Foundation: Slab
  • Cooling: Central Air
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Heating/Fuel: Electricity, Gas, Baseboard, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 4
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 4
  • Total Number of Full Baths: 4
  • Total Number of Half Baths: 1
  • Total Baths: 5
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 4
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 5
  • Number of Units: 5
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $48,300
  • Annual Insurance Expense: $0
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $48,300
  • Annual Property Tax: $0
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $4,025
  • Gross Monthly Rent: $4,025
Unit Information
Unit 1
  • Unit 1-Currently Rented: Yes
  • Unit 1-Level: Upper
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: A
  • Unit 1-Unit Rent $: $1,100
Unit 2
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Currently Rented: Yes
  • Unit 2-Level: Upper
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 1
  • Unit 2-Unit Rent $: $725
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Currently Rented: Yes
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 2
  • Unit 3-Unit Rent $: $725
Unit 4
  • Unit 4-Num of Bedrooms: 1
  • Unit 4-Currently Rented: Yes
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Number: 3
  • Unit 4-Unit Rent $: $750
Unit 5
  • Unit 5-Currently Rented: Yes
  • Unit 5-Rent Frequency: Monthly
  • Unit 5-Unit Number: 4
  • Unit 5-Unit Rent $: $725
Rental
Rental Information
  • Lease Term: Other
  • Owner Pays: Cooling, Fuel, Lawn Maintenance, Sewer, Snow Removal, Water
  • Tenant Pays: Electric

Property History for 3616 West Nat'l Road

DateEvent & SourcePriceAppreciation
Jan 9, 2026

Listed (Active)

Indiana Regional MLS #202600945

$259,900—
DateEvent & SourcePrice
01/09/2026

Listed (Active)

Indiana Regional MLS #202600945

$259,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3616 West Nat'l Road

This home is within Centerville-Abington Com Schools.
Rating
School
Type
Grades
Distance
Rose Hamilton Elementary School
Public - PK to 2
Centerville-Abington Elementary School
Public - 3 to 6
Centerville-Abington Jr High School
Public - 7 to 8
Centerville Sr High School
Public - 9 to 12
Rating
School
Distance
Rose Hamilton Elementary School
PublicPK to 2

Centerville-Abington Elementary School
Public3 to 6

Centerville-Abington Jr High School
Public7 to 8

Centerville Sr High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3616 West Nat'l Road, Richmond, IN 47374

3616 West Nat'l Road is a multi-family home for sale in Richmond, IN 47374. This property was listed for sale on January 9, 2026 by Tarter Realty Auction and Appraisal Company, it's currently listed at $259,900. This listing's school district is Centerville-Abington Com Schools. Nearby schools include Rose Hamilton Elementary School, Centerville-Abington Elementary School and Centerville-Abington Jr High School. 3616 West Nat'l Road is a 4-bed, 5-bath, 3,676 sqft multi-family home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tarter Realty Auction and Appraisal Company

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.