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Triplex Residential Income Property
For Sale
$215,000

1405 South 15th Street, Vincennes, IN 47591

Residential income triplex offered for sale, providing a multi-unit structure for owner-occupant or investor strategies.

Property Size2,600 SF
Price / SF$82.69
Days on Market114

Property Features for 1405 South 15th Street

General Information

Standard status Active
Size 2,600 SF
Property subtype Multi Family / Triplex
Lease Term 1 Year

Taxes and HOA fees

Annual Taxes $2,460

Amenities

Central Air
1
No
Vinyl
4
Electricity
Slab
3
6
Yes
Detector-Carbon Monoxide

Building Details

Year Built 1914
Units 3
Listing Agency: KELLER WILLIAMS CAPITAL REALTY
Listed By: Erica Berendsen · License #RB21002306
Source: Compass
Added: Apr 20 Changed: Aug 10 Last Checked: Aug 10 at 9:42AM

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

Investment Insights

Based on property information with market context.

This property is a triplex residential income asset available for sale. The building totals approximately 2,600 square feet, offering three separate dwelling units within a single multifamily structure. The property is listed at $215,000.

The triplex is located at 1405 South 15th Street in Vincennes, Indiana. As a multi-unit configuration, it may appeal to buyers seeking a straightforward residential income property with multiple units under one ownership structure.

For potential owner-occupants or investors, this layout can support a range of practical strategies, including living in one unit while maintaining rental income from the others. Because it is presented as a triplex, buyers should evaluate unit readiness, rentability, and overall maintenance requirements during due diligence. The property’s multifamily structure may also simplify management compared with separate standalone properties, depending on the buyer’s operating preferences and goals.

Key Highlights

  • 1914‑built 1‑story triplex with 6 bedrooms and 4 full baths
  • Central air cooling and electric heating
  • Vinyl exterior; detector carbon monoxide

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Parking Lot & Garage Spa & Massage 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.

Location Intelligence

Trade Area within ½ mile

701
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?
Triplex - Residential income triplex offered for sale, providing a multi-unit structure for owner-occupant or investor strategies.
Where is this triplex located?
The property is located at 1405 South 15th Street Vincennes, IN.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1914‑built 1‑story triplex with 6 bedrooms and 4 full baths; Central air cooling and electric heating; Vinyl exterior; detector carbon monoxide
More about this property
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