2161 Washington Avenue Evansville, IN 47714
MULTI_FAMILY - Evansville, IN
- Added:
- Mar 24, 2026
- Days on Market:
- 113
- Last Refresh:
- Jul 14 at 2:06 am
Property Features for 2161 Washington Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
- Parking
- 2
- Parking features
- Off Street
- Standard status
- Active
- APN
- 82-06-34-015-057.010-027
- Size
- 1,376 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- STERLING DOWNS PT LOT 11
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Architectural style
- Other
Listing agent Alexis Acton License #RB22000821 (812) 457-4523
Listing office Key Associates Signature Realty 110 S Green River Rd., Santa Claus, IN (800) 234-0724
Listing date Mar 24, 2026
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.
The duplex is located on Washington Avenue in Evansville, Indiana. The site includes off-street parking with a large driveway, which can help simplify tenant arrival and day-to-day parking.
For buyers looking at residential income properties, the unit mix is consistent across both units, which can simplify management and leasing. The renovation scope noted in the remarks—flooring, windows, and appliances—addresses common interior and mechanical-adjacent items that tenants expect to function reliably. With off-street parking and laundry hookups on-site, the duplex is positioned to support practical tenant comfort in a small, two-unit format.
Key Highlights
- Fully rented, renovated duplex with 2 one‑bedroom, one‑bath units
- Central air and tile flooring throughout
- Off‑street parking with a large driveway
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 | $19.0k | $13.80 |
| − Vacancy | −$1.0k | −$0.76 |
| EGI | $17.9k | $13.04 |
| − OpEx | −$5.4k | −$3.91 |
| NOI | $12.6k | $9.13 |
