627 Frederick St

$425,000
Price
8
Beds
6,109 Sq. Ft.
$70 / Sq. Ft.
6,109
Sq. Ft.
$70
per Sq. Ft.

Description

New Harmony income producing 8 unit building. Recent updates with room for improvements. Offers 3 - 1 bedroom, 3 - 2 Bedroom, 2 - 3 Bedroom Units. Majority with updated HVAC systems. Storage areas in portion of basement with opportunity for laundry room addition in the future. Plenty of off-street parking available.New Harmony income producing 8 unit building. Recent updates with room for improvements. Offers 3 - 1 bedroom, 3 - 2 Bedroom, 2 - 3 Bedroom Units. Majority with updated HVAC systems. Storage areas in portion of basement with opportunity for laundry room addition in the future. Plenty of off-street parking available.
  1. Listed by Chadd Huffman • RK Brokerage LLC

Property Details for 627 Frederick Street

Style
Two Story
Architectural Style
A-Frame
Subdivision
Country Terrace
Waterfront
No
Water Features
None
Pet Restrictions
No
LISTING UPDATED: 12/04/2025 08:42 PM

Property Details for 627 Frederick Street

StatusActive
MLS #202547673
Days on Market14
Taxes$4,418 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Eightplex
Year Built1970
Lot Size0.25 AC / 10,977 SF
CountyPosey County

Location

Listing Courtesy of RK Brokerage LLC
Add your commute

Building Information for 627 Frederick Street

Stories2Residences8Year Built1970Building Size-Lot Size0.25 AC / 10,977 SF

Payment Calculator

$2,468 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,100

Property Taxes

$368

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 627 Frederick Street

Summary
Location and General Information
  • Area: Posey County
  • City: New Harmony
  • Zip Code: 47631
  • State: IN
  • Township: Harmony
  • Geo Latitude: 38
  • Geo Longitude: -88
  • Fips Code: 18129
  • Directions To Property: Hwy 66 west to south on Hwy 69 to west on Brewery St to south on East St
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2025
  • Parcel Number Id: 65-26-01-210-017.000-007
School Information
  • School District: MSD of Mount Vernon
  • Elementary: Farmersville
  • Middle School: Mount Vernon
  • High School: Mount Vernon
Parking
  • Number Of Parking Spaces: 15
  • Parking: Gravel, Off Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Eightplex
  • Approx Lot Size Acres: 0.252
  • Lot Dimensions: 50x219
  • Below Grade Unfin Sqft: 2291.0
  • Total Square Feet: 8400.0
  • Approx Lot Size Sqft: 10977.0
  • Above Grade Finished Sqft: 3818.0
  • Below Grade Finished Sqft: 2291.0
  • Total Below Grade Sqft: 4582.0
  • Total Finished Sqft: 6109.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Main Level Sqft: 3818.0
Property and Assessments
  • New Construction: No
  • Year Built: 1970
  • Age: 55
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Electric Company: CenterPoint Energy
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking, Countertops-Laminate, Eat-In Kitchen
  • Driveway: Gravel
  • Exterior: Aluminum, Brick
  • Fence: Chain Link
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Shingle
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 8
  • Number of Refrigerators: 8
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Basement Material: Block
  • Basement: Yes
  • Basement/Foundation: Full Basement, Partially Finished
  • Cooling: Central Air
  • Flooring: Carpet, Vinyl
  • Heating/Fuel: Forced Air, Heat Pump
  • Stories: 2
  • Number of Above Grade Bedrooms: 8
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 8
  • Total Number of Full Baths: 8
  • Total Number of Half Baths: 0
  • Total Baths: 8
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 3
  • Num Of 2 Bedrooms: 3
  • Num Of 3 Bedrooms: 2
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 4
  • Number of Units: 8
Income & Expenses Information
  • Annual Electric Expense: $1,860.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $65,520
  • Annual Insurance Expense: $4,500
  • Annual Maint. Expense: $6,500
  • Annual Misc: $1,500
  • Annual Net Income: $42,042
  • Annual Property Tax: $4,418
  • Annual Trash Expense: $2,500
  • Annual Water/Sewer Exp: $2,200
  • Gross Monthly Income: $5,460
  • Gross Monthly Rent: $5,460
Rental
Rental Information
  • Lease Term: Other
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Parking, Sewer, Snow Removal, Trash Collection, Water
  • Tenant Pays: Electric, Heating

Property History for 627 Frederick Street

DateEvent & SourcePriceAppreciation
Nov 30, 2025

Price Change

Indiana Regional MLS #202547673

$450,000
Nov 30, 2025

Listed (Active)

Indiana Regional MLS #202547673

$425,000
Jul 4, 2019

Expired

Indiana Regional MLS #201906271

Feb 24, 2019

Listed (Active)

Indiana Regional MLS #201906271

$225,000
Apr 7, 2010

Sold

Indiana Regional MLS #957618

$55,000
Mar 14, 2010

Pending

Indiana Regional MLS #957618

Aug 5, 2009

Listed (Active)

Indiana Regional MLS #957618

$92,000
DateEvent & SourcePrice
11/30/2025

Price Change

Indiana Regional MLS #202547673

$450,000
11/30/2025

Listed (Active)

Indiana Regional MLS #202547673

$425,000
07/04/2019

Expired

Indiana Regional MLS #201906271

02/24/2019

Listed (Active)

Indiana Regional MLS #201906271

$225,000
04/07/2010

Sold

Indiana Regional MLS #957618

$55,000
03/14/2010

Pending

Indiana Regional MLS #957618

08/05/2009

Listed (Active)

Indiana Regional MLS #957618

$92,000

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

Public Records for 627 Frederick Street

Taxable ValueLand$13,200Additions-Total$13,200
Tax Record2024$332 ($28 / month)
Home Facts
Beds0Lot Size5,500 SqFtStyleResidentialCountyPOSEYAPN65-26-01-210-008.000-007

Schools near 627 Frederick Street

This home is within M S D North Posey County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 7 to 12
Public - PK to 6
Rating
School
Distance
North Elementary School
PublicPK to 6

North Posey Jr High School
Public7 to 8

North Posey Sr High School
Public7 to 12

South Terrace Elementary School
PublicPK to 6

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.

Similar Homes

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627 Frederick Street is a multi-family home for sale in New Harmony, IN 47631. This property was listed for sale on December 1, 2025 by RK Brokerage LLC, it's currently listed at $425,000. It has been on the market for a total of 14 days and was last sold on April 8, 2010. This listing's school district is M S D North Posey County Schools. Nearby schools include North Elementary School, North Posey Jr High School and North Posey Sr High School. 627 Frederick Street is a 8-bed, 8-bath, 6,109 sqft multi-family home built in 1970.

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 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 RK Brokerage LLC

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.