1816 E Main Street Richmond, IN 47374
Listing Courtesy of: RICHMOND IN AOR / Listed By: Amber Irwin, Better Homes And Gardens Real Estate First Realty Group

  1816 E Main Street Richmond, IN 47374

Active
$149,900 (USD)

Description

Great opportunity to own a 4-unit multifamily property in a historic east-side Richmond neighborhood. Each unit offers 2 bedrooms, with two currently occupied at $650/month each and two vacant and ready for new tenants. The vacant units provide immediate potential to increase overall rental income, while the existing units offer additional room for rent growth. Tenants pay their own gas and electric, while the owner pays water and sanitation. Each unit features gas furnace heat and window A/C. Off-street parking is available behind the property. Ideal for a first-time investor, experienced landlord, or out-of-state investor seeking a manageable multifamily opportunity. Conveniently located near Richmond's shopping, dining, recreation, services, and everyday amenities. With income already in place and two units ready to lease, this property offers flexibility and upside for its next owner. Call Amber Irwin for more information.

MLS #:
10054287
Lot Size
5,009 SQFT
Type
Multifamily
Year Built
1900
County
Wayne County

Listed By

Amber Irwin, Better Homes And Gardens Real Estate First Realty Group
Source
RICHMOND IN AOR
Last checked Sep 2 2026 at 1:25 AM GMT+0000
Bathroom Details
Property Features
  • Foundation: Basement
Heating and Cooling
  • Window
Exterior Features
  • Wood
  • Roof: Shingle
Utility Information
  • Sewer: City
Garage
  • None
Stories
  • 2
Living Area
  • 1,634 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 Richmond Indiana Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 9/1/26 18:25