Two-Unit Brick
1420 Taylor Avenue, Evansville, IN 47714
For Sale
New
$154,900
Both residences have two bedrooms and one full bath, and are tenant-occupied with tenants paying all utilities.
Property Size1,400 SF
Price / SF$110.64
Days on Market7
Property Features for 1420 Taylor Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Lease Term
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Stories
Units
Construction
Listing Agency:
RK Brokerage LLC
Listed By:
Chadd Huffman
(812) 319-4351
Source:
Bigrealtyservices
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 8 at 4:59PM
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 RK Brokerage LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,400-square-foot duplex has an all-brick exterior and dates to 1950. Each of its two units contains two bedrooms and one full bathroom. Both units are occupied, and tenants are responsible for all utilities. Updates have been completed within the past five years.
The property is just off US 41 in Evansville, Indiana.
The property is just off US 41 in Evansville, Indiana.
Key Highlights
- Two‑unit duplex with 1,400 square feet
- Two bedrooms and one full bath in each unit
- All‑brick exterior; built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,779
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,580
$255.6K
Cap Rate 7%
$182,557
$182.6K
Cap Rate 9%
$141,989
$142.0K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$19.3K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.3K $13.04/SF
− OpEx
−$5.5K −$3.91/SF
NOI
$12.8K $9.13/SF
Area
Evansville, IN
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,580
Cap Rate 7%
$182,557
Cap Rate 9%
$141,989
Alternative Uses
Best Use
Multifamily LT 5
$182.6K
$159.7K – $213.0K
NOI $12,779 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$167.9K
$146.9K – $195.9K
NOI $11,751 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$347.6K
$304.1K – $405.5K
NOI $24,329 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 47714, IN
32,827
Population
16,040
Households
2
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
8.0 sq mi
ZIP Area
4,103
Density / Sq Mi
$54,614
Median Household Income
$33,246
Median Earnings
$951
Median Rent
$124,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Evansville, IN
Properties on Market for Duplexes in Evansville
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms and one full bath, and are tenant-occupied with tenants paying all utilities.
Where is this duplex located?
The property is located at 1420 Taylor Avenue Evansville, IN.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,400 square feet; Two bedrooms and one full bath in each unit; All‑brick exterior; built in 1950
