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Duplex with Tenant Leases
For Sale
$115,000
Pending

2455 & 2457 W Franklin Street, Evansville, IN 47712

MULTI_FAMILY - Evansville, IN

Property Size1,931 SF
Lot Size0.14 Acres
Days on Market138

Property Features for 2455 & 2457 W Franklin Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Parking 2
Subdivision Hess
Lot features City/ Town/ Suburb, Level
Elementary school Tekoppel
Middle school Helfrich
High school Francis Joseph Reitz
Elementary school district Evansville-Vanderburgh School Corp.
Middle school district Evansville-Vanderburgh School Corp.
High school district Evansville-Vanderburgh School Corp.
Directions W on Lloyd Expressway, right onto St Joseph Ave, left onto W Franklin St
Standard status Pending
APN 82-05-23-018-037.042-025
Size 1,931 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description Hess Add Amended L 8 Bl 6 & Hess Add Amended L 7 Bl 6
Tax Annual Amount 1192
Legal Description Hess Add Amended L 8 Bl 6 & Hess Add Amended L 7 Bl 6

Utilities

Cooling system Multi Units, Central Air

Amenities

washer/dryer hookup

Building Details

Year built 1910
Floors in Building 2
Number of units 2
Flooring type Tile, Carpet
Roof type Shingle, Asphalt
Architectural style Other
Listing Agency: RE/MAX REVOLUTION · RE/MAX International
Listed By: Constance Nord · License #RB14013769
Added: Apr 2 Changed: Aug 8 Last Checked: Aug 17 at 6:06PM
MLS# 202611448

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.

Investment Insights

Based on property information with market context.

This duplex property at 2455 and 2457 W Franklin Street contains two rental units with mixed flooring including tile and carpet. The home features central air cooling and a shingle/asphalt roof. The property was built in 1910.

Zoned commercial, the building is currently used as a duplex. The lower (A) unit operates on a tenant yearly lease that automatically renews for one year, and the tenant pays gas, electric, and water. The upstairs unit rents on a separate schedule and was recently vacated. The downstairs unit is leased through April 22, 2027 and has been in place since 2024.

Additional notes: the sale is described as including an extra lot with a newer roof and newer HVAC serving the main floor unit, and the main floor unit has a washer/dryer hook-up. The listing also indicates the property will be sold with 2457 W Franklin, described as a vacant lot.

Key Highlights

  • Zoned commercial but operated as a duplex
  • 0.14‑acre lot with 1,931 SF building
  • Central air cooling with newer HVAC (main floor)

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

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

594
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
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex on W Franklin St with two units, central air, and tenant-paid utilities, with one unit recently vacant.
Where is this duplex located?
The property is located at 2455 & 2457 W Franklin Street Evansville, IN.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Zoned commercial but operated as a duplex; 0.14‑acre lot with 1,931 SF building; Central air cooling with newer HVAC (main floor)
More about this property
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