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Four-Unit Multifamily Property
For Sale
$129,900

1419 Cumberland Ave, Evansville, IN 47712

Fully occupied property with professional management and owner-paid utilities.

Property Size3,502 SF
Price / SF$37.09
Days on Market18

Property Features for 1419 Cumberland Ave

General Information

Standard status Active
Size 3,502 SF
Property subtype Residential Income
Occupancy 100%

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $2,062
Listing Agency: KELLER WILLIAMS CAPITAL REALTY
Listed By: Stacey Carpenter · License #RB17001505
Source: Exprealty
Added: Aug 11 Changed: Aug 21 Last Checked: Aug 26 at 11:56AM

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 four-unit multifamily property contains 3,502 square feet and is currently fully occupied. Professional management is already in place, providing an established operating structure for the next owner.

The owner currently pays all utilities, a detail that simplifies the property’s expense administration. Located on Cumberland Ave in Evansville, the asset offers an existing residential income configuration with four rental units under one property.

Key Highlights

  • Four‑unit multifamily property with 3,502 square feet
  • Currently fully occupied
  • Professional management already in place

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Kitchen & Bath Showroom Restaurant Hair Salon Grocery & Convenience Store

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

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

72
Businesses Nearby

Demographics for 47712, IN

24,895
Population
10,795
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
93%
High-School Grad
62.7 sq mi
ZIP Area
397
Density / Sq Mi
$64,285
Median Household Income
$36,018
Median Earnings
$933
Median Rent
$173,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Fully occupied property with professional management and owner-paid utilities.
Where is this quadplex located?
The property is located at 1419 Cumberland Ave Evansville, IN.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Four‑unit multifamily property with 3,502 square feet; Currently fully occupied; Professional management already in place
More about this property
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