Newburgh IN Multi Family for Sale
$2,250,000
300 W Jennings Street Newburgh, IN 47630
- Type:
- Apartment
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 8
- Lot size:
- 1.4 Acres
- Year built:
- 1940
- Baths:
- 12.00
- MLS#:
- 202442835
ADDITIONAL INFORMATION
Invest in a piece of Newburgh history with this prime commercial property. This 22-unit facility, strategically located in downtown Newburgh near the Ohio River, offers a unique blend of historic charm and modern convenience. With 5 residential units and 17 commercial spaces, this property has the potential to generate over $275,000 annually in gross income. Don't miss this opportunity to own a thriving business hub in one of Indiana's most picturesque towns. Owner is a licensed Real Estate Broker.
Information is provided exclusively 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. IDX information provided by the Indiana Regional MLS. Copyright 2024 Indiana Regional MLS. All rights reserved.
Newburgh Real Estate
The median home value in Newburgh, IN is $316,900. This is higher than the county median home value of $246,600. The national median home value is $338,100. The average price of homes sold in Newburgh, IN is $316,900. Approximately 73.06% of Newburgh homes are owned, compared to 21.22% rented, while 5.72% are vacant. Newburgh real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Newburgh real estate agent to arrange a tour today!
Newburgh, Indiana has a population of 3,365. Newburgh is less family-centric than the surrounding county with 26.79% of the households containing married families with children. The county average for households married with children is 33.75%.
The median household income in Newburgh, Indiana is $67,328. The median household income for the surrounding county is $85,613 compared to the national median of $69,021. The median age of people living in Newburgh is 48.9 years.
Newburgh Weather
The average high temperature in July is 87.9 degrees, with an average low temperature in January of 24.6 degrees. The average rainfall is approximately 45.3 inches per year, with 10.5 inches of snow per year.