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Updated Duplex With Basement Access
For Sale
$124,900

309 E Virginia Street, Evansville, IN 47711

Two one-bedroom units feature recent mechanical replacements, with one occupied and the other available for leasing or occupancy.

Property Size1,792 SF
Price / SF$69.70
Days on Market17

Property Features for 309 E Virginia Street

General Information

Standard status Active
Size 1,792 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $861

Building Details

Tenancy Multi
Listing Agency: Catanese Real Estate
Listed By: Jeremy Outlaw · License #RB24000314
Source: Exprealty
Added: Jul 22 Changed: Aug 2 Last Checked: Aug 2 at 4:53AM

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 Catanese Real Estate

Investment Insights

Based on property information with market context.

This 1,792-square-foot duplex at 309 E Virginia Street in Evansville, Indiana, contains two one-bedroom, one-bath units. One apartment is occupied, while the second is vacant and positioned for a new tenant or owner-occupant. The lower residence includes basement access that adds storage space.

Several major components have been replaced within the last two years, including the A/C units, furnaces, water heaters, and multiple windows. The property combines an existing occupied unit with a separately available apartment, providing flexibility for an investor or an owner-occupant seeking a residential income property.

Key Highlights

  • 1,792‑square‑foot duplex with two 1‑bedroom, 1‑bath units
  • One unit occupied; second unit vacant and available for leasing or occupancy
  • A/C units, furnaces, water heaters, and several windows replaced within the last two years

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Nail Salon Acupuncture (Bike/Boat/Book/etc) Store Hair Salon Tanning Salon Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

465
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two one-bedroom units feature recent mechanical replacements, with one occupied and the other available for leasing or occupancy.
Where is this duplex located?
The property is located at 309 E Virginia Street Evansville, IN.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 1,792‑square‑foot duplex with two 1‑bedroom, 1‑bath units; One unit occupied; second unit vacant and available for leasing or occupancy; A/C units, furnaces, water heaters, and several windows replaced within the last two years
More about this property
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