Fully Occupied Duplex Income
For Sale
$115,000
1320 S Grand Ave, Evansville, IN 47713
Fully occupied duplex with one 2-bedroom unit and one 3-bedroom unit, with utilities separately metered to tenants.
Property Size2,800 SF
Price / SF$41.07
Days on Market102
Property Features for 1320 S Grand Ave
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Tepe Park
Additional Details
Multifamily Units
2
Building Details
Year Built
1907
Tenancy
Multi
Listing Agency:
KELLER WILLIAMS CAPITAL REALTY
Listed By:
Stacey Carpenter · License #RB17001505
(812) 453-2096
Source:
Daubyrealestate
Added: Jul 19
Changed: Oct 25
Last Checked: Oct 5 at 10:03PM
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 KELLER WILLIAMS CAPITAL REALTY
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Investment Insights
Based on property information with market context.
This fully occupied duplex offers two residential units: one 2-bedroom unit and one 3-bedroom unit. The property is structured as a residential income asset designed for tenant-paid utilities.
Utilities are separately metered and paid by the tenants. The duplex is currently producing total monthly rental income of $1,550.
With both units in place and occupied, the configuration supports straightforward, ongoing rental operations under the separately metered utility arrangement.
Utilities are separately metered and paid by the tenants. The duplex is currently producing total monthly rental income of $1,550.
With both units in place and occupied, the configuration supports straightforward, ongoing rental operations under the separately metered utility arrangement.
Key Highlights
- Fully occupied duplex with one 2‑bedroom unit and one 3‑bedroom unit
- Total monthly rental income of $1,550
- Utilities are separately metered and paid by the tenants
Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with one 2-bedroom unit and one 3-bedroom unit, with utilities separately metered to tenants.
Where is this duplex located?
The property is located at 1320 S Grand Ave Evansville, IN.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Fully occupied duplex with one 2‑bedroom unit and one 3‑bedroom unit; Total monthly rental income of $1,550; Utilities are separately metered and paid by the tenants
