2848 Pennsylvania Street Evansville, IN 47712

Building Details

Year Built

1904

Listing agency eXp Realty, LLC k**@kclarksells.com Show Phone

Listed by Kimberly Clark · License #RB14037878 Show Phone

Source Compass

Added: Feb 27 Updated: Jul 21 at 7:11PM Checked: Jul 21 at 7:11PM

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Investment Insights

Based on property information with market context.

This five-unit multifamily building offers one penthouse unit, two main-level units, and two basement units. Common area entrances are located off the front porch, and the property includes a coin-operated laundry room. Each unit is individually metered with 5 separate gas and electric meters and 5 separate furnaces, supported by a single water meter. Four units are equipped with central air units, while one basement unit uses a window unit. Secured storage is also provided.

The property is located on the west side of Evansville, convenient to the University of Southern Indiana and a short drive to downtown Evansville. It features both rear and front parking.

Unit B is ready for a new tenant, and basement Unit D is ready for updates. The remaining units are currently described with in-place rental income and lease expirations varying by unit.

Key Highlights

• Five‑unit multifamily building built in 1904 with one penthouse unit, two main‑level units, and two basement units.
• Unit rents: Unit A $635/mo (lease ends 4/30/26), Unit C $764.50/mo (month to month), Unit E $715/mo (lease ends 10/31/26).
• Coin‑operated laundry room and common laundry facilities on site.

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FAQs

What type of property is this?

Apartment building - Five-unit multifamily property with coin laundry, front and rear parking, and newer roof.

Where is this apartment building located?

The property is located at 2848 Pennsylvania Street Evansville, IN.

What is the asking price?

The asking price for this property is $279,000.

What are key features of this property?

This property features: Five‑unit multifamily building built in 1904 with one penthouse unit, two main‑level units, and two basement units.; Unit rents: Unit A $635/mo (lease ends 4/30/26), Unit C $764.50/mo (month to month), Unit E $715/mo (lease ends 10/31/26).; Coin‑operated laundry room and common laundry facilities on site.