3616 W National Road Richmond, IN ^$ 259,900

3616 W National Road

^$ 259,900

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Recently Listed

3616 W National Road

Richmond, IN, 47374

^$ 259,900

Bedrooms4 Baths4.1 Sq 3,676

Monthly Estimate*

^$ 1,600

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Multi-Family Home for sale in Richmond, IN

for $259,900 with 4 bedrooms and 4 full baths, 1 half bath. This 3,676 square foot home was built in 1952.

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.

Multi-Family Active

Price

^$ 259,900

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment Building

Year Built

1952

Town/City

Richmond

County/Region

Wayne

MLS | Web ID

202600945

Features

General

Heating Electricity Gas Baseboard Forced Air

Cooling Central Air

Sewer City

Status Active Active

Full Baths 4

Half Baths 1

Bathrooms 5

Year Built 1952

New Construction No

Tenant Pays Electric

Subdivision None

Style Two Story

Stories Count 2

Township Center

Class INVESTMENT

Type Apartment Building

Age 74

Net Income 48300

Rent Income 48300

Features Basement

REO No

Status Detail 0

Area Wayne County

High School Centerville

City Richmond

School District Centerville-Abington Community S

Total Sq Ft 3676

Elementary School Centerville-Abington

Middle School Centerville

Legal Description NMD FRACT SEC 22-16-14 0.34A

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202600945

Agent First Name Mark

Agent Last Name Tooley

DOM 0

Tax Year 2026

Interior

Basement Slab

Flooring Carpet Laminate Tile Vinyl

Beds 4

Total Number of Units 5

Microwaves 0

Refrigerators 0

Washers 0

Dryer(s) 0

Dishwasher(s) 0

Disposal(s) 0

Above Grade Bedrooms 4

Below Grade Baths 0

Below Grade Bedrooms 0

Total Rooms Below Grade 0

Ranges/Ovens 0

W/D Hookups 0

Exterior

Exterior Block

Pool No

Number of Parking Spaces 10

Lot Size Area 14810

Lot Dimensions x

Lot Description 0-2.9999

Outbuilding None

Waterfront Y/N No

* Excluded Features

List By

Mark Tooley

Listing Agent

Tarter Realty Auction And Appraisal Company

Broker

mark.tooley@teamtarter.com

Affordability Calculator

$1,600

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Monthly Principal & Interest: $1,600
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Richmond, IN

Average List Price ^$159,933

Percent of Sale Price 38%

About Richmond, IN

34,963 Population

-10% Since 2002

^$32,158 Median Income

38.71 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

5174313 Elementary School

5174315 Middle School

Centerville High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/9/2026	$259,900		Listed Price

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3616 W National Road, Richmond, IN, 47374 is a Multi-Family Home for sale at $259,900 with 3,676 sqft. 3616 W National Road has 4 bedrooms, 4.1 baths, and was built in 1952. The property's zip code is 47374 which is in Richmond, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Multiple Listing Service of the Indiana Regional Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Indiana Regional Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

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 is updated as of 1/11/2026.

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3616 W National Road

Multi-Family Home for sale in Richmond, IN

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