Duplex with Two 2BR
2504 2506 Negley Pl Evansville, IN 47711
For Sale
$140,000
Duplex offers two two-bedroom, one-bath units, with one unit currently rented on an in-place lease.
Property Size1,250 SF
Price / SF$112
Days on Market8
Property Features for 2504 2506 Negley Pl
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Multi-Family
Building Details
Year Built
1949
Listing Agency:
KELLER WILLIAMS CAPITAL REALTY
(812) 774-2596
Listed By:
Erica Berendsen · License #RB21002306
Source:
Daubyrealestate
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 27 at 1:49PM
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 duplex includes two separate two-bedroom, one-bath units. Unit B is currently rented and has a lease in place through 03/31/2027. Unit A is vacant and advertised at $809/month.
The property is located at 2504 2506 Negley Pl in Evansville, Indiana. It presents a straightforward two-unit income setup for an owner or investor looking for an in-place tenant plus an additional unit ready for occupancy.
With both units configured as 2-bedroom, 1-bath homes, the property supports a consistent layout across the duplex while offering an opportunity to manage tenant occupancy between the two units.
The property is located at 2504 2506 Negley Pl in Evansville, Indiana. It presents a straightforward two-unit income setup for an owner or investor looking for an in-place tenant plus an additional unit ready for occupancy.
With both units configured as 2-bedroom, 1-bath homes, the property supports a consistent layout across the duplex while offering an opportunity to manage tenant occupancy between the two units.
Key Highlights
- Duplex built in 1949 with two 2‑bedroom, 1‑bath units
- Unit B is currently rented for $809/month with a lease in place through 03/31/2027
- Unit A is vacant and advertised at $809/month
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 | $17.3k | $13.80 |
| − Vacancy | −$950 | −$0.76 |
| EGI | $16.3k | $13.04 |
| − OpEx | −$4.9k | −$3.91 |
| NOI | $11.4k | $9.13 |
1,250 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$163.0K
$142.6K – $190.2K
NOI $11,410 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$149.9K
$131.2K – $174.9K
NOI $10,492 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$310.3K
$271.5K – $362.0K
NOI $21,722 @ 7.0% cap · market cap 15.52%
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 - Duplex offers two two-bedroom, one-bath units, with one unit currently rented on an in-place lease.
Where is this duplex located?
The property is located at 2504 2506 Negley Pl Evansville, IN.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Duplex built in 1949 with two 2‑bedroom, 1‑bath units; Unit B is currently rented for $809/month with a lease in place through 03/31/2027; Unit A is vacant and advertised at $809/month
