2504 2506 Negley Place, Evansville, IN 47711
MULTI_FAMILY - Evansville, IN
- Added:
- Jun 15, 2026
- Days on Market:
- 21
- Last Refresh:
- Jul 5 at 2:06 pm
Property Features for 2504 2506 Negley Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
- Parking
- 4
- Standard status
- Active
- APN
- 82-06-16-011-106.012-027
- Size
- 1,250 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- DIAMOND VILLA LOT 39
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1949
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Architectural style
- Other
Listing agent Erica Berendsen License #RB21002306 (812) 774-2596
Listing office KELLER WILLIAMS CAPITAL REALTY 4424 Vogel Rd Suite 300, IN (812) 422-4096
Listing date Jun 15, 2026
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.
HighLights
- Duplex with two 2‑bedroom, 1‑bath units
- Unit B is rented for $809/month with a lease in place through 03/31/2027
- Unit A is vacant and advertised at $809/month for immediate upside
- Central air cooling; vinyl flooring
- Year built: 1949
Overview
The property is located at 2504 2506 Negley Place in Evansville, IN 47711. It is offered for sale as a residential income property configuration with two independent units.
For an owner or investor, the current lease on Unit B provides established rental status through the noted expiration date, while Unit A offers the opportunity to stabilize occupancy using the advertised rent terms. The duplex format can also appeal to buyers seeking a straightforward two-unit setup for property management, with both units sharing the same site and overall building envelope.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.545044
- Latitude
- 38.001287
