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    702-704 SE 2Nd St Evansville, IN 47713

    For Sale
    $585,000

    Victorian, Other - Evansville, IN

    Property size:
    6,794 SF
    Lot size:
    0.24 Acres
    Days on Market:
    122
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 702-704 SE 2Nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    Bathrooms
    6
    APN
    82-06-30-020-086.008-029
    Parking features
    Garage, Garage - Detached
    EntryLevel
    Upper,Main
    Exterior features
    Ceiling-9+, None
    Basement Y/N
    1
    Appliances
    Range
    Size
    6,794 SF
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    6
    Flooring type
    Wood
    Building materials
    Brick
    Architectural style
    Victorian

    Berkshire Hathaway HomeServices Indiana Realty (812) 455-0370 [email protected]

    Listing agent Philip Hooper (812) 455-0370 License #RB14052159

    Listing date Aug 14, 2025

    MLS# 202532171 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

    Updated Victorian Multifamily Investment Property

    Located in the Haynie's Corner Arts District of Evansville, this updated Italianate property combines mid-19th-century character with modern investment appeal. Constructed around 1850, the property features four luxury apartments and a one-bedroom carriage house apartment situated above an oversized two-car garage. These units generate approximately $68,000 in annual gross rent. The right-side owner's unit was completely renovated around 2010, including a brick addition, and features quality finishes, tile, wood, and hard surface flooring. A new roof was installed in 2025. The left side of the duplex offers an opportunity for transformation, suitable for a large two or three-bedroom townhome conversion or additional rental space. The property is located near neighborhood festivals, local dining, and the medical school campus. The lot size is 0.24 acres, and the living area is 6794 square feet. This property is intended for use as a residential income property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.568156
    Latitude
    37.964562

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    FAQs

    What type of property is this?
    Apartment building - Historic Evansville property with five updated apartments and income potential.
    Where is this apartment building located?
    The property is located at 702-704 SE 2Nd St Evansville, IN.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Evansville's Haynie's Corner Arts District, near the riverfront, downtown, local dining, festivals, and the medical school.; - Substantial income potential with four luxury apartments and a carriage house generating approximately $68,000 in annual gross rent.; - Renovated owner's unit featuring quality finishes, modern amenities, and a brick addition circa 2010.
    (812) 455-0370
    Request Owner's contact information
    702-704 SE 2Nd 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
    702-704 SE 2Nd St Evansville, IN 47713
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