Four-Unit Apartment
New
For Sale
$173,333
309 E Michigan Street, Evansville, IN 47711
Professionally managed rental property with separate heating and water-heating equipment for each apartment.
Property Size2,564 SF
Price / SF$67.60
Days on Market3
Property Features for 309 E Michigan Street
General Information
Standard status
Active
Size
2,564 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$520,000
Multifamily Units
11
Building Details
Year Built
1889
Listing Agency:
Kaden Khayyata, Loy Real Estate
Listed By:
Patton Hall
(574) 267-7501
Source:
Pattonhall
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 9 at 5:59PM
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 Kaden Khayyata, Loy Real Estate
Investment Insights
Based on property information with market context.
This four-unit apartment building at 309 E Michigan Street contains 2,564 SF and was built in 1889. Each apartment has its own furnace and water heater, providing individually separated heating and hot-water systems. The property is professionally managed, with three apartments currently occupied and one apartment vacant and available for rent.
The landlord covers water, sewer, and trash service, while residents pay their own electric and gas costs. The building is part of a multi-property apartment package that also includes assets in Evansville and Boonville.
The landlord covers water, sewer, and trash service, while residents pay their own electric and gas costs. The building is part of a multi-property apartment package that also includes assets in Evansville and Boonville.
Key Highlights
- Four‑unit apartment building with 2,564 SF
- Built in 1889
- Each unit has its own furnace and water heater
Property Analytics
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Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
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Business Placement
Demographics for 47711, IN
31,266
Population
14,487
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
91%
High-School Grad
16.5 sq mi
ZIP Area
1,895
Density / Sq Mi
$65,398
Median Household Income
$39,114
Median Earnings
$982
Median Rent
$156,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Professionally managed rental property with separate heating and water-heating equipment for each apartment.
Where is this quadplex located?
The property is located at 309 E Michigan Street Evansville, IN.
What is the asking price?
The asking price for this property is $173,333.
What are key features of this property?
This property features: Four‑unit apartment building with 2,564 SF; Built in 1889; Each unit has its own furnace and water heater
