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Two-Unit Residential Property
For Sale
$75,000
Pending

2453 W Franklin St, Evansville, IN 47712

Income-producing duplex with occupied residences, tenant-paid utilities, and laundry hookups in the lower unit.

Property Size1,641 SF
Days on Market139

Property Features for 2453 W Franklin St

General Information

Standard status Pending
Size 1,641 SF
Property subtype Residential Income
Occupancy 100%

Taxes and HOA fees

Annual Taxes $743
Listing Agency: RE/MAX REVOLUTION
Listed By: Constance Nord · License #RB14013769
Source: Exprealty
Added: Apr 1 Changed: Aug 16 Last Checked: Aug 17 at 4:44PM

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 RE/MAX REVOLUTION

Investment Insights

Based on property information with market context.

This 1,641-square-foot duplex contains an upper residence and a lower one-bedroom, one-bath residence. The lower unit includes a dining area and laundry hookups, while the property is being offered in its current as-is condition. Both residences are occupied, and tenants pay their own utilities.

The property is professionally managed, with 48 hours’ notice required for showings. The upper lease runs through December 04 2026, and the lower lease extends through February 2027. The lower unit’s rent is scheduled to increase in May. The property may be purchased separately or as part of a package with 2455 and 2457 W Franklin.

Key Highlights

  • 1,641‑square‑foot duplex with upper and lower residences
  • Both units are currently occupied
  • Lower residence has 1 bedroom, 1 bath, dining area, and laundry hookups

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Electrical Service Nail Salon Grocery & Convenience Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

619
Businesses Nearby

Demographics for 47712, IN

24,895
Population
10,795
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
93%
High-School Grad
62.7 sq mi
ZIP Area
397
Density / Sq Mi
$64,285
Median Household Income
$36,018
Median Earnings
$933
Median Rent
$173,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Income-producing duplex with occupied residences, tenant-paid utilities, and laundry hookups in the lower unit.
Where is this duplex located?
The property is located at 2453 W Franklin St Evansville, IN.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: 1,641‑square‑foot duplex with upper and lower residences; Both units are currently occupied; Lower residence has 1 bedroom, 1 bath, dining area, and laundry hookups
More about this property
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