Two-Unit Duplex
For Sale
$209,900
Pending
1907 E Chandler Avenue, Evansville, IN 47714
MULTI_FAMILY - Other - Evansville, IN
Property Size1,792 SF
Lot Size0.15 Acres
Days on Market11
Property Features for 1907 E Chandler Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Basement
Parking
2
Parking features
Off Street
Basement
Block
Subdivision
Brook Haven / Brookhaven
Lot features
Near College Campus, Level
Elementary school
Harper
Middle school
Washington
High school
Bosse
Elementary school district
Evansville-Vanderburgh School Corp.
Middle school district
Evansville-Vanderburgh School Corp.
High school district
Evansville-Vanderburgh School Corp.
Directions
Weinbach Between Washington & Bellmeade to W on Chandler
Standard status
Pending
APN
82-06-28-011-066.027-027
Size
1,792 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2360
Tax Description
Brookhaven, Block 10, Lot 27
Tax Annual Amount
1657
Legal Description
Brookhaven, Block 10, Lot 27
Utilities
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet, Tile
Roof type
Composition
Architectural style
Other
Listing Agency:
F.C. TUCKER EMGE
(812) 479-0801
Listed By:
Mike Enlow
(812) 453-5852
Added: Jul 20
Changed: Jul 29
Last Checked: Jul 30 at 11:06AM
MLS# 202629235
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 two-unit duplex features two two-bedroom units. Both units are currently rented and have leases and security deposits in place. The property includes a roof that is approximately two years old. Unit A (downstairs) offers access to a basement and a covered porch, while Unit B (upstairs) includes a deck.
Tenants pay their own gas and electric, and the landlord pays water and sewer estimated at approximately $150 per month. A 2.5-car block garage measuring 28’ x 22’ is included and is currently used by the owner. The duplex is listed as being located just blocks to the University of Evansville.
Set on a 0.15-acre lot, the property totals about 1,792 square feet.
Tenants pay their own gas and electric, and the landlord pays water and sewer estimated at approximately $150 per month. A 2.5-car block garage measuring 28’ x 22’ is included and is currently used by the owner. The duplex is listed as being located just blocks to the University of Evansville.
Set on a 0.15-acre lot, the property totals about 1,792 square feet.
Key Highlights
- Duplex with two 2‑bedroom units, each over 850 SF, with current leases and security deposits in place
- Roof is only 2 years old; composition roof
- Each unit has exterior living space: Unit A includes a covered porch; Unit B includes a deck
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 | $24.7k | $13.80 |
| − Vacancy | −$1.4k | −$0.76 |
| EGI | $23.4k | $13.04 |
| − OpEx | −$7.0k | −$3.91 |
| NOI | $16.4k | $9.13 |
1,792 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$233.7K
$204.5K – $272.6K
NOI $16,357 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$214.9K
$188.0K – $250.7K
NOI $15,041 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$444.9K
$389.3K – $519.0K
NOI $31,141 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
Demographics for 47714, IN
32,827
Population
16,040
Households
2
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
8.0 sq mi
ZIP Area
4,103
Density / Sq Mi
$54,614
Median Household Income
$33,246
Median Earnings
$951
Median Rent
$124,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two rented two-bedroom units and separate gas and electric utilities for tenants.
Where is this duplex located?
The property is located at 1907 E Chandler Avenue Evansville, IN.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Duplex with two 2‑bedroom units, each over 850 SF, with current leases and security deposits in place; Roof is only 2 years old; composition roof; Each unit has exterior living space: Unit A includes a covered porch; Unit B includes a deck
