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    216 Oak St Evansville, IN 47713

    Pending
    For Sale
    $110,000

    Fiveplex - Evansville, IN

    Property size:
    2,924 SF
    Lot size:
    0.12 Acres
    Days on Market:
    23
    Last Refresh:
    Dec 15 at 12:06 am

    Property Features for 216 Oak St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    5
    APN
    82-06-30-020-050.018-029
    EntryLevel
    Main,Upper
    Exterior features
    Storm Doors, None
    Size
    2,924 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Natural Gas, Other (Heating)

    Building Details

    Floors in Building
    2
    Number of units
    5
    Flooring type
    Vinyl
    Architectural style
    Other

    RE/MAX Revolution (812) 430-4851 [email protected]

    Listing agent Mitch Isbell (812) 430-4851 License #RB16001767

    Listing date Nov 23, 2025

    MLS# 202513781 Listing URL

    Copyright © 2025 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.

    Overview

    Evansville Fiveplex with Renovation Potential

    This five-unit multifamily property is located in downtown Evansville, near the Haynies Corner arts district, the Riverfront, and less than a mile from the IU School of Medicine. The property, situated on a 0.12-acre lot, contains 2924 square feet. The layout includes two 2-bed/1-bath units, two 1-bed/1-bath units, and a studio apartment. The property requires significant TLC and renovations. None of the units are currently rented. The owner currently pays all utilities. Off-street parking is available for tenants at the rear of the property. The property is sold as is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.569362
    Latitude
    37.966756

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    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property in downtown Evansville, offering significant upside potential.
    Where is this apartment building located?
    The property is located at 216 Oak St Evansville, IN.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: - Five-unit multifamily property with diverse rental options.; - Located in downtown Evansville, near Haynies Corner arts district, the Riverfront, and IU School of Medicine.; - Off-street parking available for tenants.
    (812) 430-4851
    Request Owner's contact information
    216 Oak St Evansville, IN 47713
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    216 Oak St Evansville, IN 47713
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