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Twelve-Unit Apartment Building
For Sale
$660,000
Pending

304 Shelby St, Vincennes, IN 47591

Well-maintained 12-unit building with all units configured as 2-bedroom, 1-bath layouts.

Property SizeContact for details
Days on Market724

Property Features for 304 Shelby St

General Information

Standard status Pending
Occupancy 90%

Additional Details

Multifamily Units 12
Listing Agency: AMR Real Estate LLC
Listed By: Dillian Howard
Source: Exprealty
Added: Sep 12, 2024 Changed: Sep 2 Last Checked: Sep 4 at 9:54AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AMR Real Estate LLC

Investment Insights

Based on property information with market context.

This well-maintained 12-unit apartment building offers a consistent unit mix, with every unit featuring a 2-bedroom, 1-bath layout. The property is maintained to support stable operations, and it has historically maintained at least 90% occupancy.

Tenants are responsible for electric, while the owner pays for water, sewer, and trash expenses. For showings, please contact the Listing Agent, and proof of funds will be required.

Additional financial information, including the rent roll and expense details, is available upon request.

Key Highlights

  • Well‑maintained 12‑unit apartment building with all units configured as 2‑bedroom, 1‑bath layouts
  • Historically maintained at least 90% occupancy, supporting consistent cash flow
  • Tenants pay electric; owner pays water, sewer, and trash expenses

Property Analytics

Current Use

Southern Indana Homeowners Construction Company

Suggested Use

Top Pick Real Estate Agency HVAC Service Kitchen & Bath Showroom Plumbing Service (Bike/Boat/Book/etc) Store Garden Center

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

12
Residential units
90%
Occupancy

Location Intelligence

Trade Area within ½ mile

867
Businesses Nearby

Demographics for 47591, IN

24,984
Population
11,874
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
166.5 sq mi
ZIP Area
150
Density / Sq Mi
$57,862
Median Household Income
$37,295
Median Earnings
$794
Median Rent
$140,800
Median Home Value

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?
Apartment building - Well-maintained 12-unit building with all units configured as 2-bedroom, 1-bath layouts.
Where is this apartment building located?
The property is located at 304 Shelby St Vincennes, IN.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Well‑maintained 12‑unit apartment building with all units configured as 2‑bedroom, 1‑bath layouts; Historically maintained at least 90% occupancy, supporting consistent cash flow; Tenants pay electric; owner pays water, sewer, and trash expenses
More about this property
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