Renovated Duplex with Off-Street
2161 Washington Avenue Evansville, IN 47714
For Sale
$235,000
Fully rented renovated duplex with two one-bedroom units, off-street parking, and washer/dryer hookups.
Property Size1,376 SF
Price / SF$170.78
Days on Market127
Property Features for 2161 Washington Avenue
General Information
Standard status
Active
Size
1,376 SF
Property subtype
Multi Family / Duplex
Building Details
Year Built
1953
Listing Agency:
Key Associates Signature Realty
(800) 234-0724
Listed By:
Alexis Acton · License #RB22000821
(800) 234-0724
Source:
Compass
Added: Mar 24
Changed: Jul 22
Last Checked: Jul 27 at 11:16AM
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 Key Associates Signature Realty
Investment Insights
Based on property information with market context.
This fully rented, renovated duplex offers two separate one-bedroom, one-bathroom units. The property has been updated with new flooring, windows, and appliances, and includes washer and dryer hook-up in each unit. Off-street parking is available via a large driveway.
The duplex is located on Washington Avenue in Evansville, Indiana.
Each unit is configured as a one bedroom and one bathroom, supported by the property’s recent renovations and in-unit washer/dryer hook-up.
The duplex is located on Washington Avenue in Evansville, Indiana.
Each unit is configured as a one bedroom and one bathroom, supported by the property’s recent renovations and in-unit washer/dryer hook-up.
Key Highlights
- Fully rented renovated duplex with two 1‑bedroom, 1‑bath units
- Renovations include new flooring, windows, and appliances
- Concrete driveway and off‑street parking
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 | $19.0k | $13.80 |
| − Vacancy | −$1.0k | −$0.76 |
| EGI | $17.9k | $13.04 |
| − OpEx | −$5.4k | −$3.91 |
| NOI | $12.6k | $9.13 |
1,376 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$179.4K
$157.0K – $209.3K
NOI $12,560 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$165.0K
$144.4K – $192.5K
NOI $11,549 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$341.6K
$298.9K – $398.5K
NOI $23,912 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully rented renovated duplex with two one-bedroom units, off-street parking, and washer/dryer hookups.
Where is this duplex located?
The property is located at 2161 Washington Avenue Evansville, IN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Fully rented renovated duplex with two 1‑bedroom, 1‑bath units; Renovations include new flooring, windows, and appliances; Concrete driveway and off‑street parking
