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Evansville, IN Apartment Buildings for Sale

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Victorian Apartment Building
Updated: Aug 14, 2025
Victorian Apartment Building

702-704 SE Second Street, Evansville, IN 47713

$568,000
6,794 sqft 0.24 AC lot
6,794‑square‑foot multifamily property on 0.24 acres
Four apartments plus a one‑bedroom carriage‑house apartment
Carriage house is located above an oversized two‑car garage
New roof installed in 2025
Owners’ unit renovated with a brick addition circa 2010
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Apartment Building with Carriage House
Updated: Jul 15
Apartment Building with Carriage House

702-704 SE Second St, Evansville, IN 47713

$568,000
6,794 sqft
6,794‑square‑foot Italianate apartment property
Four apartments plus a one‑bedroom carriage house apartment
Carriage house positioned above an oversized two‑car garage
Right‑side owner’s unit renovated with a brick addition circa 2010
New roof installed in 2025
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Updated 10-Unit Apartment Building
Updated 10-Unit Apartment Building

613 615 N Fulton Ave, Evansville, IN 47710

$499,900
5,105 sqft

Two-story apartment property with individually metered electric and tenant-paid usage.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
11-Unit Apartment Portfolio
11-Unit Apartment Portfolio

509 Se 1st St, Evansville, IN 47713

$895,000
8,327 sqft

Three apartment properties are offered together in Evansville’s Historic District with professional management already in place.

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9-Unit Apartment Building
9-Unit Apartment Building

21 E Chandler Ave, Evansville, IN 47713

$345,000
3,827 sqft

Fully occupied multifamily property with apartment residences and garage storage units in downtown Evansville.

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20-Unit Affordable Apartment Building
20-Unit Affordable Apartment Building

2305 South Rotherwood Avenue, Evansville, IN 47714

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14,752 sqft

HUD-assisted apartments with a long-term project-based HAP contract and one-bedroom layouts.

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Brick 8-Unit Apartment Building
Brick 8-Unit Apartment Building

1425 Harrelton Dr, Evansville, IN 47714

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Two-story brick apartment property with separately metered utilities and ongoing renovations in select units.

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Brick 14-Unit Apartment Building
Brick 14-Unit Apartment Building

1510 SE Riverside Dr, Evansville, IN 47713

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Fourteen-unit brick apartment building with recent updates and a roof installed in 2016.

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Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 8 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

Opportunities in Nearby Cities

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

12-Unit Apartment Building
12-Unit Apartment Building

1705,1715,1725 Greene Street, Jasper, IN 47546

$950,000
11,720 sqft 0.95 AC lot

Two-bedroom residences include patios or balconies, laundry hookups, central air, and kitchen appliances.

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12-Unit Apartment Building
12-Unit Apartment Building

1705 Greene Street, Jasper, IN 47546

$950,000
11,720 sqft

Two-bedroom apartments include laundry hookups, kitchen appliances, and concrete patios or balconies.

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Henderson Multifamily Turnkey Community
Henderson Multifamily Turnkey Community

242 Shenandoah Place, Henderson, KY 42420

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26,700 sqft

20-unit multifamily property with recent and ongoing capital improvements.

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Value-Add Multifamily Portfolio
Value-Add Multifamily Portfolio

2650 Sunset Ln, Henderson, KY 42420

Contact for pricing

Henderson, KY apartment portfolio with spacious units and interior renovation upside, with noted rent growth momentum in the market.

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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.

216 Oak St
Multifamily properties

216 Oak St, Evansville, IN 47713

Value Estimation by Request
2,924 sqft
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306 Florida St
Multifamily properties

306 Florida St, Evansville, IN 47711

Value Estimation by Request
2,900 sqft 0.14 AC lot
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212 Cherry St
Multifamily properties

212 Cherry St, Evansville, IN 47713

Value Estimation by Request
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1320 Parrett St
Multifamily properties

1320 Parrett St, Evansville, IN 47713

Value Estimation by Request
18,300 sqft 0.60 AC lot
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2600 Oak Hill Rd
Multifamily properties

2600 Oak Hill Rd, Evansville, IN 47711

Value Estimation by Request
23.77 AC lot
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618 Virginia St
Multifamily properties

618 Virginia St, Evansville, IN 47711

Value Estimation by Request
0.23 AC lot
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1419 2Nd St
Multifamily properties

1419 2Nd St, Evansville, IN 47713

Value Estimation by Request
2,781 sqft 0.10 AC lot
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1116 1St St
Multifamily properties

1116 1St St, Evansville, IN 47713

Value Estimation by Request
2,940 sqft
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1517 Jeanette Ave
Multifamily properties

1517 Jeanette Ave, Evansville, IN 47714

Value Estimation by Request
18,857 sqft 0.46 AC lot
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Old Tyme Ct
Multifamily properties

0 Old Tyme Ct, Evansville, IN 47711

Value Estimation by Request
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514 Oregon St
Multifamily properties

514 Oregon St, Evansville, IN 47710

Value Estimation by Request
14,877 sqft
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319 3Rd Ave
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 20 apartment buildings for sale in Evansville, IN, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 45,599 square feet of properties for sale, with an estimated market value of $2,875,900.

Sale prices for two-family homes in Evansville, IN start at $345,000, averaging $575,180, and reaching up to $895,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 183K
Population Growth (5Y) +10.0%
Median Household Income $64,157
College Educated 10.1%

High-Yield Neighborhoods for Investment

Identify Evansville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
47710 $499.9K
47713 $597.8K

Taxes & Financing

Tax Rate (average for all types) 2.78%
Property Tax per SF $43.26 per SF
Tax Rate vs County Average 0.14 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Vanderburgh County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Evansville fall within the 100,000+ square foot range.

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