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Six-Unit Multifamily Property
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2 E Powell Ave, Evansville, IN 47713

Two buildings provide a mix of one- and two-bedroom units with separate tenant and owner utility responsibilities.

Property SizeContact for details
Days on Market143

Property Features for 2 E Powell Ave

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Keller Williams Capital Realty
Listed By: Charlie Butler · License #IN RB14034751
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 8:03AM

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 multifamily property comprises two buildings on the same lot: a four-unit primary building and a duplex carriage house. The six-unit configuration includes two one-bedroom, one-bath units and four two-bedroom, one-bath units. The carriage house contains 1,746 square feet. One of the one-bedroom units is vacant, while the remaining units are occupied under leases with expiration dates ranging from 2020 through 2021.

Utility responsibilities are divided between residents and ownership. Tenants pay water, sewer, and trash expenses, while the owner covers gas and electric service. The property is located at 2 E Powell Ave in Evansville, Indiana.

Key Highlights

  • Two buildings on one lot: a fourplex and a duplex
  • Six total units with two one‑bedroom and four two‑bedroom layouts
  • Carriage house contains 1746 sqft

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Dental Office Grocery & Convenience Store Nail Salon Acupuncture

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

1,590
Businesses Nearby

Demographics for 47713, IN

9,916
Population
5,507
Households
1.8
Avg Household Size
35
Median Age
21%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
1,983
Density / Sq Mi
$37,448
Median Household Income
$29,366
Median Earnings
$931
Median Rent
$85,200
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?
Quadplex - Two buildings provide a mix of one- and two-bedroom units with separate tenant and owner utility responsibilities.
Where is this quadplex located?
The property is located at 2 E Powell Ave Evansville, IN.
What are key features of this property?
This property features: Two buildings on one lot: a fourplex and a duplex; Six total units with two one‑bedroom and four two‑bedroom layouts; Carriage house contains 1746 sqft
(812) 449-0050 Call to check price and availability
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