Twelve-Unit Apartment
For Sale
$660,000
Pending
304 Shelby Street, Vincennes, IN 47591
Well-maintained 12-unit building with all units configured as 2-bedroom, 1-bath layouts.
Property Size9,776 SF
Days on Market769
Property Features for 304 Shelby Street
General Information
Standard status
Pending
Size
9,776 SF
Property subtype
Commercial Sale / Multi-Family 5+
Zoning
Mixed Residential
Occupancy
90%
Additional Details
Multifamily Units
12
Amenities
Two
Central Electric
Electric
No
Common Laundry
Crawl Space
Building Details
Year Built
1968
Listing Agency:
AMR Real Estate LLC
Listed By:
Dillian Howard · License #RB23001803
(317) 506-6925
Source:
Compass
Added: Sep 12, 2024
Changed: Oct 20
Last Checked: Oct 19 at 8:57AM
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
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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.
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
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Lease Details
12
Residential units
90%
Occupancy
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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 Street 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
