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Triplex with Separate Metering
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1420 Fountain Ave, Evansville, IN 47710

Three residential units feature individual furnaces and separately metered utilities, with kitchen appliances included throughout.

Property SizeContact for details
Days on Market145

Property Features for 1420 Fountain Ave

General Information

Standard status Active
Property subtype Multifamily

Property Condition

Severity Repairs Needed
Evidence With some elbow grease

Units

Unit Mix 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 3

Amenities

stove
refrigerator
Listing Agency: Keller Williams Capital Realty
Listed By: Charlie Butler · License #IN RB14034751
Source: Crexi
Added: Apr 10 Changed: Aug 30 Last Checked: Aug 30 at 8:23PM

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 triplex contains three residential units: two 2-bedroom, 1-bath residences and one 1-bedroom, 1-bath residence. Each unit has its own furnace and separate utility metering. Stoves and refrigerators are included in all three units, providing a consistent appliance package across the property.

One residence has been occupied by the same tenant for more than 4 years. The property is located at 1420 Fountain Ave in Evansville, Indiana, with a configuration suited to multifamily ownership and operation.

Key Highlights

  • Three‑unit triplex with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
  • Separate utility metering for each unit
  • Individual furnaces serving the residences

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Nail Salon Hair Salon (Bike/Boat/Book/etc) Store Computer & Electronic Repair Electrical Service Tech Support 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.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

654
Businesses Nearby

Demographics for 47710, IN

18,470
Population
9,119
Households
2
Avg Household Size
39
Median Age
17%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
2,148
Density / Sq Mi
$45,324
Median Household Income
$33,718
Median Earnings
$857
Median Rent
$131,700
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 - Three residential units feature individual furnaces and separately metered utilities, with kitchen appliances included throughout.
Where is this triplex located?
The property is located at 1420 Fountain Ave Evansville, IN.
What are key features of this property?
This property features: Three‑unit triplex with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Separate utility metering for each unit; Individual furnaces serving the residences
(812) 449-0050 Call to check price and availability
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