Evansville, IN Apartment buildings for sale

Updated: Aug 14, 2025

Italianate Multifamily Building

702-704 SE Second Street, Evansville, IN 47713

$568,000

6,794 sqft 0.24 AC lot

Four apartments plus a one‑bedroom carriage house apartment above an oversized two‑car garage
Approximately $68,000 in annual gross rent from the combined units
New roof installed in 2025
Owners’ unit renovation and brick addition completed circa 2010
Central air cooling and wood/mixed flooring; fireplace in the home

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Updated: Mar 24

Downtown Evansville Apartment Building

1 Adams Ave, Evansville, IN 47713

$185,000

3,553 sqft

Fully occupied 5‑unit apartment building in Downtown Evansville.
Includes a large 2 bed/1.5 bath townhouse‑style unit with Washer & Dryer.
Tenants pay their own gas & electric.
Opportunity for increased rents due to long‑term tenants.
Includes two 1 bed/1 bath units and two efficiency units.

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Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 2 Active listings in Evansville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 12 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Remodeled Apartment Complex with RV Park

6804 U.S. 641, Gilbertsville, KY 42044

$650,000

2,580 sqft 2.30 AC lot

Remodeled multifamily and RV setup with month-to-month occupancy, plus an office and storage building for flexible operations.

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Remodeled Apartment Complex with RV Park

6804 US HWY 641, Gilbertsville, KY 42044

$650,000

Remodeled complex with seven month-to-month apartments and six RV sites, plus office and storage, near Kentucky Lake.

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Six-Unit Multifamily Property

1933 S 28th St., Paducah, KY 42001

$289,900

Six-unit income property with mostly 2BR/1BA apartments and current tenants.

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Downtown Paducah Condo Project

124 S 4th Street, Paducah, KY 42001

$375,000

5,150 sqft

Unique building in city limits ready for condo conversion.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Ocean Springs Highway 90 Land

Bienville Blvd, Ocean Springs, MS 39564

$675,000

143,748 sqft 3.30 AC lot

3.3 acre commercial land on Highway 90, Ocean Springs.

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Off-Market Properties in Evansville, IN

Consider similar Off-Market properties in Evansville, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

216 Oak St, Evansville, IN 47713

Value Estimation by Request

2,924 sqft

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Multifamily properties

306 Florida St, Evansville, IN 47711

Value Estimation by Request

2,900 sqft 0.14 AC lot

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Multifamily properties

212 Cherry St, Evansville, IN 47713

Value Estimation by Request

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Multifamily properties

1320 Parrett St, Evansville, IN 47713

Value Estimation by Request

18,300 sqft 0.60 AC lot

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Multifamily properties

2600 Oak Hill Rd, Evansville, IN 47711

Value Estimation by Request

23.77 AC lot

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Multifamily properties

618 Virginia St, Evansville, IN 47711

Value Estimation by Request

0.23 AC lot

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Multifamily properties

1419 2Nd St, Evansville, IN 47713

Value Estimation by Request

2,781 sqft 0.10 AC lot

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Multifamily properties

1116 1St St, Evansville, IN 47713

Value Estimation by Request

2,940 sqft

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Multifamily properties

1517 Jeanette Ave, Evansville, IN 47714

Value Estimation by Request

18,857 sqft 0.46 AC lot

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Multifamily properties

0 Old Tyme Ct, Evansville, IN 47711

Value Estimation by Request

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Multifamily properties

514 Oregon St, Evansville, IN 47710

Value Estimation by Request

14,877 sqft

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Multifamily properties

319 3Rd Ave, Evansville, IN 47710

Value Estimation by Request

5,256 sqft

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Evansville, IN Apartment Buildings Market Trends and Statistics

Explore 14 apartment buildings for sale in Evansville, IN on our real estate platform. These investment opportunities span a total of 10,347 square feet of properties for sale, with an estimated market value of $753,000.

Sale prices for two-family homes in Evansville, IN start at $185,000, averaging $376,500, and reaching up to $568,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
47713	$376.5K
47708	$7M

Neighborhood

Average Price

47713

$376.5K

47708

$7M