Two-Duplex Residential Income
For Sale
$234,555
Pending
501 S Race Street, Princeton, IN 47670
INVESTMENT, One Story, Princeton, IN
Property Size1,800 SF
Lot Size0.16 Acres
Days on Market146
Property Features for 501 S Race Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2
Parking
2
Lot features
City/ Town/ Suburb, Corner, Level
Elementary school
Princeton
Middle school
Princeton
High school
Princeton
Elementary school district
North Gibson School Corp.
Middle school district
North Gibson School Corp.
High school district
North Gibson School Corp.
Directions
S Main, E on Monroe, Duplex on corner of Monroe & Race Streets.
Subdivision
Gibson County
Standard status
Pending
APN
26-12-07-403-002.729-028
Size
1,800 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
SUMMERS ADD 36
Tax Annual Amount
1078
Legal Description
SUMMERS ADD 36
Utilities
Cooling system
Central Air
Amenities
in-unit laundry
Building Details
Year built
2024
Floors in Building
1
Number of units
2
Roof type
Metal
Architectural style
Other
Listing Agency:
F.C. TUCKER EMGE
(812) 386-6200
Listed By:
Anita Waldroup · License #RB14028427
(812) 664-7202
Added: Apr 20
Changed: Sep 3
Last Checked: Sep 12 at 12:06AM
MLS# 202613998
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 residential income property includes two duplex buildings completed in 2024, with approximately 1,800 square feet of total building area on 0.16 acres. Each of the four units offers two bedrooms, one bathroom, a living room, dining area, kitchen, laundry room, coat storage, and additional closets. Washer and dryer appliances are provided, and each unit has an exterior laundry-room door. Central air conditioning and metal roofing serve the buildings.
The duplexes are located on Race Street and Prince Street in Princeton, Indiana, within Gibson County. Each tenant has an assigned parking pad in front of the building. One tenancy is month-to-month, while the other lease runs through 07/31/27. Tenant responsibilities include yard care under owner rent adjustments, and the stated occupancy restrictions prohibit smoking and pets.
The duplexes are located on Race Street and Prince Street in Princeton, Indiana, within Gibson County. Each tenant has an assigned parking pad in front of the building. One tenancy is month-to-month, while the other lease runs through 07/31/27. Tenant responsibilities include yard care under owner rent adjustments, and the stated occupancy restrictions prohibit smoking and pets.
Key Highlights
- Two duplex buildings completed in 2024
- Four units, each with 2 bedrooms and 1 bathroom
- Approximately 1,800 square feet on 0.16 acres
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 47670, IN
11,934
Population
5,440
Households
2.2
Avg Household Size
41
Median Age
13%
College-Educated
89%
High-School Grad
82.0 sq mi
ZIP Area
146
Density / Sq Mi
$65,873
Median Household Income
$36,957
Median Earnings
$959
Median Rent
$140,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Four recently built units feature individual laundry rooms, central air, and dedicated parking pads.
Where is this duplex located?
The property is located at 501 S Race Street Princeton, IN.
What is the asking price?
The asking price for this property is $234,555.
What are key features of this property?
This property features: Two duplex buildings completed in 2024; Four units, each with 2 bedrooms and 1 bathroom; Approximately 1,800 square feet on 0.16 acres
