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Two-Unit Duplex with Central Air
For Sale
$102,500

507 S Evans Avenue, Evansville, IN 47713

INVESTMENT, Two Story, Evansville, IN

Property Size1,504 SF
Lot Size0.08 Acres
Price / SF$68.15
Days on Market94

Property Features for 507 S Evans Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
Parking 2
Lot features Level
Elementary school Hebron
Middle school Plaza Park
High school William Henry Harrison
Elementary school district Evansville-Vanderburgh School Corp.
Middle school district Evansville-Vanderburgh School Corp.
High school district Evansville-Vanderburgh School Corp.
Directions North on Hwy 41 to West on Lincoln ave, to North on Evans to duplex on Left
Subdivision Vanderburgh County
Standard status Active
APN 82-06-29-024-042.016-029
Size 1,504 SF
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description BALLARDS ADDITION LOT 34 BL 6
Legal Description BALLARDS ADDITION LOT 34 BL 6

Utilities

Cooling system Central Air

Building Details

Year built 1904
Floors in Building 2
Number of units 2
Flooring type Vinyl
Architectural style Other
Listing Agency: KELLER WILLIAMS CAPITAL REALTY · Keller Williams Realty
Listed By: Erica Berendsen · License #RB21002306
Added: Jun 14 Changed: Sep 14 Last Checked: Sep 15 at 1:06AM
MLS# 202623344

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 contains 1,504 square feet across two two-bedroom, one-bath residences. Both units feature vinyl flooring and central air. The building was constructed in 1904 and occupies a 0.08-acre lot.

One residence is leased through 6/30/2026, while the second unit is vacant. The property is located at 507 S Evans Avenue in Evansville, Indiana, within ZIP Code 47713.

Key Highlights

  • Two‑unit duplex with two 2‑bedroom, 1‑bath residences
  • 1,504 square feet on a 0.08‑acre lot
  • Central air and vinyl flooring

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Acupuncture (Bike/Boat/Book/etc) Store Furniture & Home Goods Garden Center Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

580
Businesses Nearby

Demographics for 47713, IN

9,916
Population
5,507
Households
1.8
Avg Household Size
35
Median Age
21%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
1,983
Density / Sq Mi
$37,448
Median Household Income
$29,366
Median Earnings
$931
Median Rent
$85,200
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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential income property with central air, vinyl flooring, and separate two-bedroom layouts.
Where is this duplex located?
The property is located at 507 S Evans Avenue Evansville, IN.
What is the asking price?
The asking price for this property is $102,500.
What are key features of this property?
This property features: Two‑unit duplex with two 2‑bedroom, 1‑bath residences; 1,504 square feet on a 0.08‑acre lot; Central air and vinyl flooring
More about this property
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