Duplex with Two 2BR
2504 2506 Negley Place Evansville, IN 47711
For Sale
$140,000
MULTI_FAMILY - Evansville, IN
Property Size1,250 SF
Lot Size0.13 Acres
Price / SF$112
Days on Market46
Property Features for 2504 2506 Negley Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
Parking
4
Standard status
Active
APN
82-06-16-011-106.012-027
Size
1,250 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
DIAMOND VILLA LOT 39
Utilities
Cooling system
Central Air
Building Details
Year built
1949
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Architectural style
Other
Listing Agency:
KELLER WILLIAMS CAPITAL REALTY
(812) 422-4096
Listed By:
Erica Berendsen · License #RB21002306
(812) 774-2596
Added: Jun 15
Changed: Jul 30
Last Checked: Jul 30 at 9:06AM
MLS# 202623488
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 duplex includes two separate 2-bedroom, 1-bath units in a 1,250-square-foot property on a 0.13-acre lot. Unit B is currently rented under a lease in place through 03/31/2027. Unit A is vacant and is being advertised at $809 per month.
The property is located at 2504 2506 Negley Place in Evansville, IN 47711. It is offered for sale as a residential income property configuration with two independent units.
For an owner or investor, the current lease on Unit B provides established rental status through the noted expiration date, while Unit A offers the opportunity to stabilize occupancy using the advertised rent terms. The duplex format can also appeal to buyers seeking a straightforward two-unit setup for property management, with both units sharing the same site and overall building envelope.
The property is located at 2504 2506 Negley Place in Evansville, IN 47711. It is offered for sale as a residential income property configuration with two independent units.
For an owner or investor, the current lease on Unit B provides established rental status through the noted expiration date, while Unit A offers the opportunity to stabilize occupancy using the advertised rent terms. The duplex format can also appeal to buyers seeking a straightforward two-unit setup for property management, with both units sharing the same site and overall building envelope.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units
- Unit B is rented for $809/month with a lease in place through 03/31/2027
- Unit A is vacant and advertised at $809/month for immediate upside
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 | $17.3k | $13.80 |
| − Vacancy | −$950 | −$0.76 |
| EGI | $16.3k | $13.04 |
| − OpEx | −$4.9k | −$3.91 |
| NOI | $11.4k | $9.13 |
1,250 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$163.0K
$142.6K – $190.2K
NOI $11,410 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$149.9K
$131.2K – $174.9K
NOI $10,492 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$310.3K
$271.5K – $362.0K
NOI $21,722 @ 7.0% cap · market cap 15.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units, one leased through 03/31/2027, with the other currently vacant.
Where is this duplex located?
The property is located at 2504 2506 Negley Place Evansville, IN.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units; Unit B is rented for $809/month with a lease in place through 03/31/2027; Unit A is vacant and advertised at $809/month for immediate upside
