4-Unit Multifamily with Detached
1410/1412 N Weinbach Avenue Evansville, IN 47711
1410/1412 N Weinbach Avenue, Evansville, IN, 47711
$425,000
Pending
For Sale
$425,000
Pending
MULTI_FAMILY - Evansville, IN
Property Size2,440 SF
Lot Size0.22 Acres
Days on Market14
Property Features for 1410/1412 N Weinbach Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 9
- Rooms
- Bathroom 6, Bedroom 1, Bathroom 1, Bedroom 7, Bathroom 7, Bedroom 4, Bathroom 8, Bedroom 3, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 5, Bathroom 9, Bathroom 5, Bedroom 2, Bathroom 3
- Parking
- 8
- Fireplace
- 1
- Standard status
- Pending
- APN
- 82-06-21-011-299.002-027
- Size
- 2,440 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- ACT Place Lot 2
- Tax Annual Amount
- 2400
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1987
- Floors in Building
- 1
- Number of units
- 5
- Flooring type
- Vinyl, Carpet
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
KELLER WILLIAMS CAPITAL REALTY
(812) 422-4096
Listed by
Casey McCoy · License #RB14045622
(812) 760-6576
Added: Jul 10 Updated: Jul 17 at 10:22AM Checked: Jul 23 at 8:06AM
MLS# 202627508
Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turn-key package includes a fully occupied 4-unit multifamily building plus a detached single-family home on one parcel. Each of the four units has 1 bedroom and 1.5 baths, with vaulted ceilings and a loft-style second floor bedroom overlooking the open living area below. The main level in each unit features an eat-in kitchen, a generous living room, a half bath, a utility closet, and a private patio.
A detached 3-bedroom, 2-bath single-family home is also included. The roof was replaced in 2025, and 3 of the 4 units have updated A/C units.
All units are currently rented, and tenants are responsible for all electric, which helps keep utilities tenant-paid.
A detached 3-bedroom, 2-bath single-family home is also included. The roof was replaced in 2025, and 3 of the 4 units have updated A/C units.
All units are currently rented, and tenants are responsible for all electric, which helps keep utilities tenant-paid.
Key Highlights
- Fully occupied 4‑unit multifamily building plus a detached 3 bed, 2 bath single‑family home on one parcel
- Built in 1987; central air; roof is shingle
- Each multifamily unit has 1 bedroom and 1.5 baths with vaulted ceilings and a loft‑style second‑floor bedroom
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $13.80 |
| − Vacancy | −$1.9k | −$0.76 |
| EGI | $31.8k | $13.04 |
| − OpEx | −$9.5k | −$3.91 |
| NOI | $22.3k | $9.13 |
2,440 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.2K
$278.4K – $371.2K
NOI $22,272 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$292.6K
$256.0K – $341.3K
NOI $20,479 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$605.7K
$530.0K – $706.7K
NOI $42,402 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Turn-key package includes a fully occupied 4-unit building and detached 3-bed, 2-bath home on one parcel.
Where is this quadplex located?
The property is located at 1410/1412 N Weinbach Avenue Evansville, IN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Fully occupied 4‑unit multifamily building plus a detached 3 bed, 2 bath single‑family home on one parcel; Built in 1987; central air; roof is shingle; Each multifamily unit has 1 bedroom and 1.5 baths with vaulted ceilings and a loft‑style second‑floor bedroom
