Three-Unit Residential Income
For Sale
$139,000
Pending
2923 Mt Vernon Avenue, Evansville, IN 47712
Three units consist of a fully occupied 1BR/1BA duplex plus a renovated 2BR/1BA home behind it.
Property Size2,095 SF
Days on Market194
Property Features for 2923 Mt Vernon Avenue
General Information
Standard status
Pending
Size
2,095 SF
Property subtype
Multi Family / Triplex
Occupancy
100%
Lease Term
1 Year
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,125
Amenities
Central Air
2
Yes
Mixed
3
Forced Air
1
Other
4
No
Off Street Parking, Countertops-Solid Surf
Building Details
Year Built
1975
Buildings
2
Units
3
Tenancy
Multi
Listing Agency:
eXp Realty, LLC
Listed By:
Kimberly Clark · License #RB14037878
(888) 611-3912
Source:
Compass
Added: Feb 25
Changed: Aug 8
Last Checked: Jul 30 at 12:34PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This three-unit residential income property includes two 1BR/1BA units (Units A and B) configured as a duplex, with a separate 2BR/1BA single-family home (Unit C) located behind the duplex. Unit C has recently been renovated. The duplex units and Unit C are currently fully occupied.
The total gross monthly income when fully occupied is $2,520. The owner pays water, sewer, trash, lawn care, and electric for Units A and B, while the tenant in Unit C pays electric and is responsible for the lawn care around the property. There is parking available for each unit.
The property was re-zoned for three units, and that re-zoning was approved. The seller is offering an $8,000 credit for roof replacement.
The total gross monthly income when fully occupied is $2,520. The owner pays water, sewer, trash, lawn care, and electric for Units A and B, while the tenant in Unit C pays electric and is responsible for the lawn care around the property. There is parking available for each unit.
The property was re-zoned for three units, and that re-zoning was approved. The seller is offering an $8,000 credit for roof replacement.
Key Highlights
- Three‑unit property: fully occupied duplex with (2) 1BR/1BA units plus a single‑family (1) 2BR/1BA unit behind the duplex.
- Unit C (2BR/1BA) has recently been renovated.
- Total gross monthly income when fully occupied is $2,520/month.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three units consist of a fully occupied 1BR/1BA duplex plus a renovated 2BR/1BA home behind it.
Where is this triplex located?
The property is located at 2923 Mt Vernon Avenue Evansville, IN.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Three‑unit property: fully occupied duplex with (2) 1BR/1BA units plus a single‑family (1) 2BR/1BA unit behind the duplex.; Unit C (2BR/1BA) has recently been renovated.; Total gross monthly income when fully occupied is $2,520/month.
