223 S 12th Street Richmond, IN ^$ 159,900

223 S 12th Street

^$ 159,900

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Recently Listed

223 S 12th Street

Richmond, IN, 47374

^$ 159,900

Bedrooms5 Baths5.0 Sq 3,624

Monthly Estimate*

^$ 985

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Multi-Family Home for sale in Richmond, IN

for $159,900 with 5 bedrooms and 5 full baths. This 3,624 square foot home was built in 1900.

Dont miss this 5-unit multifamily property offering five 1-bedroom, 1-bathroom units. The building is equipped with a gas furnace for efficient heating and provides a solid opportunity for investors looking to generate rental income. Currently 4 of the 5 units are rented, offering immediate cash flow with the additional upside of leasing the remaining unit to maximize returns. Whether youre looking to expand your investment portfolio or get started in multifamily investing, this property presents a strong opportunity with income already in place.

Multi-Family Active

Price

^$ 159,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Traditional

Year Built

1900

Town/City

Richmond

County/Region

Wayne

MLS | Web ID

202608369

Features

General

Heating Gas Forced Air

Cooling None

Sewer City

# of Buildings 1

Status Active Active

Full Baths 5

Half Baths 0

Bathrooms 5

Year Built 1900

Parking Off Street Street

New Construction No

Tenant Pays Electric Fuel Sewer Water

Subdivision None

Style Two Story

Stories Count 2

Township Wayne

Class INVESTMENT

Type Fiveplex

Age 126

Net Income 30000

Rent Income 30000

Features Off Street Parking

REO No

Status Detail 0

Area Wayne County

Location City/Town/Suburb

High School Richmond

City Richmond

School District Richmond Community Schools

Architectural Style Traditional

Total Sq Ft 4056

Elementary School Vaile

Middle School Dennis

Legal Description N 1/2 & S 1/2 LOT 15 MP

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202608369

Agent First Name Mark

Agent Last Name Tooley

DOM 0

Tax Year 1204.99

Interior

Basement Crawl Partial Basement

Flooring Carpet

Beds 5

Total Number of Units 5

Microwaves 0

Refrigerators 5

Washers 0

Dryer(s) 0

Dishwasher(s) 0

Disposal(s) 0

Above Grade Bedrooms 5

Below Grade Baths 0

Below Grade Bedrooms 0

Total Rooms Below Grade 0

Ranges/Ovens 5

W/D Hookups 0

Basement Material Poured Concrete

Exterior

Exterior Vinyl

Driveway Concrete

Pool No

Number of Parking Spaces 2

Lot Size Area 7405

Lot Dimensions 44x165

Lot Description 0-2.9999

Water Meters 5

Electric Meters 5

Outbuilding None

Gas Meters 1

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

$985

Per Month

Monthly Principal & Interest: $985
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

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 ^$197,450

Percent of Sale Price 23%

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.

4276851 Elementary School

5168564 Middle School

Richmond High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/13/2026	$159,900		Listed Price

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223 S 12th Street, Richmond, IN, 47374 is a Multi-Family Home for sale at $159,900 with 3,624 sqft. 223 S 12th Street has 5 bedrooms, 5.0 baths, and was built in 1900. 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 3/14/2026.

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223 S 12th Street

Multi-Family Home for sale in Richmond, IN

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