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Updated Duplex With Basement Access
For Sale
$117,500

309 E Virginia St, Evansville, IN 47711

Two one-bedroom units feature recent mechanical replacements, with one occupied and the other available for leasing or occupancy.

Property Size1,792 SF
Price / SF$65.57
Days on Market63

Property Features for 309 E Virginia St

General Information

Standard status Active
Size 1,792 SF
Property subtype Multi-Family

Building Details

Year Built 1869
Tenancy Multi
Listing Agency: Catanese Real Estate
Listed By: Jeremy Outlaw · License #RB24000314
Source: Daubyrealestate
Added: Aug 1 Changed: Sep 10 Last Checked: Oct 1 at 4:38PM

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 Catanese Real Estate

Investment Insights

Based on property information with market context.

This 1,792-square-foot duplex at 309 E Virginia Street in Evansville, Indiana, contains two one-bedroom, one-bath units. One apartment is occupied, while the second is vacant and positioned for a new tenant or owner-occupant. The lower residence includes basement access that adds storage space.

Several major components have been replaced within the last two years, including the A/C units, furnaces, water heaters, and multiple windows. The property combines an existing occupied unit with a separately available apartment, providing flexibility for an investor or an owner-occupant seeking a residential income property.

Key Highlights

  • 1,792‑square‑foot duplex with two 1‑bedroom, 1‑bath units
  • One unit occupied; second unit vacant and available for leasing or occupancy
  • A/C units, furnaces, water heaters, and several windows replaced within the last two years

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Nail Salon Acupuncture (Bike/Boat/Book/etc) Store Hair Salon Tanning Salon 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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,216
Businesses Nearby

Demographics for 47711, IN

31,266
Population
14,487
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
91%
High-School Grad
16.5 sq mi
ZIP Area
1,895
Density / Sq Mi
$65,398
Median Household Income
$39,114
Median Earnings
$982
Median Rent
$156,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 one-bedroom units feature recent mechanical replacements, with one occupied and the other available for leasing or occupancy.
Where is this duplex located?
The property is located at 309 E Virginia St Evansville, IN.
What is the asking price?
The asking price for this property is $117,500.
What are key features of this property?
This property features: 1,792‑square‑foot duplex with two 1‑bedroom, 1‑bath units; One unit occupied; second unit vacant and available for leasing or occupancy; A/C units, furnaces, water heaters, and several windows replaced within the last two years
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