20-Unit Affordable Apartment
For Sale
Contact for pricing
2305 South Rotherwood Avenue, Evansville, IN 47714
HUD-assisted apartments with a long-term project-based HAP contract and one-bedroom layouts.
Property Size14,752 SF
Price / SF$74.57
Days on Market57
Property Features for 2305 South Rotherwood Avenue
General Information
Standard status
Active
Size
14,752 SF
Property subtype
Multifamily
Investment Type
Value Add
Units
Unit Mix
20 x 1BR/1BA
Multifamily Units
20
Additional Details
Highway Access
Yes
Building Details
Year Built
1983
Buildings
1
Units
20
Listing Agency:
ParaSell Inc
Listed By:
Scott Reid · License #478027307
(949) 942-6585
Source:
Crexi
Added: Jul 8
Changed: Aug 31
Last Checked: Aug 31 at 3:14AM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
This 20-unit affordable housing property contains twenty one-bedroom, one-bathroom apartments averaging approximately 566 square feet. Constructed in 1983, the building totals 14,752 square feet and is supported by 100% project-based rental assistance through a long-term Project-Based Section 8 Housing Assistance Payments contract. Approximately 12 years remain on the HAP agreement.
The property is situated on the east side of Evansville with access to Interstate 69, major retail corridors, healthcare providers, and a broad employment base. Nearby institutions and employers identified in the property information include Deaconess Health System, Ascension St. Vincent Evansville, Toyota Motor Manufacturing Indiana, Berry Global, and the University of Evansville.
The property is situated on the east side of Evansville with access to Interstate 69, major retail corridors, healthcare providers, and a broad employment base. Nearby institutions and employers identified in the property information include Deaconess Health System, Ascension St. Vincent Evansville, Toyota Motor Manufacturing Indiana, Berry Global, and the University of Evansville.
Key Highlights
- 20‑unit affordable housing community with 20 one‑bedroom, one‑bathroom apartments
- 14,752‑square‑foot property built in 1983
- Apartments average approximately 566 square feet
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
173
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - HUD-assisted apartments with a long-term project-based HAP contract and one-bedroom layouts.
Where is this apartment building located?
The property is located at 2305 South Rotherwood Avenue Evansville, IN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 20‑unit affordable housing community with 20 one‑bedroom, one‑bathroom apartments; 14,752‑square‑foot property built in 1983; Apartments average approximately 566 square feet
