1500 S Harlan Avenue, Evansville, IN 47714
MULTI_FAMILY - Evansville, IN
- Added:
- Jun 15, 2026
- Days on Market:
- 23
- Last Refresh:
- Jul 7 at 12:06 pm
Property Features for 1500 S Harlan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2
- Standard status
- Active
- APN
- 82-06-33-014-034.012-027
- Size
- 1,400 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- OXFORD PLACE L 1 BL 2
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1935
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Laminate
- Architectural style
- Other
Listing agent Erica Berendsen License #RB21002306 (812) 774-2596
Listing office KELLER WILLIAMS CAPITAL REALTY 4424 Vogel Rd Suite 300, IN (812) 422-4096
Listing date Jun 15, 2026
Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex with two 2‑bedroom, 1‑bath units
- Central air cooling
- Laminate flooring
- Built in 1935
Overview
The property is located at 1500 S Harlan Avenue in Evansville, Indiana 47714, in Vanderburgh County. It is positioned on a relatively small residential lot, offering an owner straightforward ownership footprint consistent with a duplex format.
For tenants and buyers, the practical appeal is the flexibility of two independent residences in one asset. An owner-occupant can live in one unit while renting the other, while an investor can pursue a two-unit rental setup. With the property described as ready for its next owner, this duplex can be considered by buyers looking for a compact, income-capable residential income property.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.3k | $13.80 |
| − Vacancy | −$1.1k | −$0.76 |
| EGI | $18.3k | $13.04 |
| − OpEx | −$5.5k | −$3.91 |
| NOI | $12.8k | $9.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.541847
- Latitude
- 37.957193
