707 W Main St Richmond, IN 47374
Estimated payment $857/month
Highlights
- Covered Patio or Porch
- 2 Car Detached Garage
- Efficiency Studio Dwelling Unit
About This Home
Outstanding Investment Opportunity - Fully Occupied 3-Unit Property with Strong Cash Flow! This well-maintained, turn-key investment is the perfect addition to any portfolio! With three updated units and a rented garage, this property is fully occupied with reliable tenants and generating $1,880/month in total income. Upstairs 2-Bedroom ($745/mo): Recently remodeled with fresh paint, updated countertops, and modern flooring. Main Level 1-Bedroom ($585/mo): Comfortable layout with steady rental history. Efficiency Apartment ($425/mo): Also remodeled and ready for continued strong occupancy. Garage ($125/mo): Bonus income stream from a fully rented garage space. This property offers the rare chance to step in and start collecting rent immediately with no vacancies, no hassle. Whether you’re a seasoned investor or just getting started, this is the type of low-maintenance, income-producing property you’ve been waiting for. Call or text Tony Foust at (765) 967-3051 at FOUST for your HOUSE to schedule your private showing today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,655
Year Built
- Built in 1910
Lot Details
- 8,015 Sq Ft Lot
- Lot Dimensions are 45x178
Parking
- 2 Car Detached Garage
Home Design
- Triplex
- Asphalt Roof
- Stick Built Home
Interior Spaces
- 2,328 Sq Ft Home
- 2-Story Property
- Electric Range
- Basement
Schools
- Westview Elementary School
- Dennis Middle School
- Richmond High School
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
- Gas Available
- Gas Water Heater
Additional Features
- Covered Patio or Porch
- Efficiency Studio Dwelling Unit
Community Details
- 3 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,655 | $117,500 | $14,900 | $102,600 |
| 2023 | $2,060 | $103,000 | $13,000 | $90,000 |
| 2022 | $1,458 | $72,900 | $13,000 | $59,900 |
| 2021 | $1,316 | $65,800 | $13,000 | $52,800 |
| 2020 | $1,282 | $64,100 | $13,000 | $51,100 |
| 2019 | $1,296 | $64,800 | $13,000 | $51,800 |
| 2018 | $1,292 | $64,600 | $13,000 | $51,600 |
| 2017 | $1,284 | $64,200 | $13,000 | $51,200 |
| 2016 | $1,374 | $68,700 | $13,000 | $55,700 |
| 2014 | $1,336 | $66,800 | $13,000 | $53,800 |
| 2013 | $1,336 | $63,300 | $13,000 | $50,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2025 09/09/25 | For Sale | $119,900 | +19.9% | $52 / Sq Ft |
| 02/01/2022 02/01/22 | Sold | $100,000 | -16.6% | $43 / Sq Ft |
| 01/28/2022 01/28/22 | Pending | -- | -- | -- |
| 07/23/2021 07/23/21 | For Sale | $119,900 | +77.6% | $52 / Sq Ft |
| 03/29/2019 03/29/19 | Sold | $67,500 | -4.9% | $29 / Sq Ft |
| 01/28/2019 01/28/19 | Pending | -- | -- | -- |
| 01/12/2019 01/12/19 | For Sale | $71,000 | -- | $30 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Parker Craig C | |
| Warranty Deed | $105,000 | Parker Craig C | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $71,250 | New Conventional |
Source: Richmond Association of REALTORS®
MLS Number: 10051976
APN: 89-18-06-220-203.000-030
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