Four-Unit Apartment
For Sale
$173,333
324 E Moore St, Boonville, IN 47601
Tenant-occupied apartments with professional management and landlord-paid utilities.
Property Size2,610 SF
Price / SF$66.41
Days on Market51
Property Features for 324 E Moore St
General Information
Standard status
Active
Size
2,610 SF
Property subtype
Residential Income
Additional Details
Asking Price
$520,000
Multifamily Units
11
Taxes and HOA fees
Annual Taxes
$3,630
Listing Agency:
eXp Realty, LLC
Listed By:
Mark Albini · License #RB19002026
(812) 266-0536
Source:
Exprealty
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 26 at 9:15PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 324 E Moore Street in Boonville, Indiana, this 1979 apartment property contains four residential units. All units are occupied by tenants and professionally managed, providing an established operating structure for the property.
The landlord covers water, sewer, trash, electric, and gas service. This building is included in a broader multi-property apartment package with additional properties in Evansville, Indiana.
The landlord covers water, sewer, trash, electric, and gas service. This building is included in a broader multi-property apartment package with additional properties in Evansville, Indiana.
Key Highlights
- Four‑unit apartment building
- Built in 1979
- All units are tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,334
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,680
$266.7K
Cap Rate 7%
$190,486
$190.5K
Cap Rate 9%
$148,156
$148.2K
Market Conditions
NOI Build-Up for 2,610 SF
Gross rent
$25.7K $9.84/SF
− Vacancy
−$1.4K −$0.55/SF
EGI
$24.2K $9.29/SF
− OpEx
−$10.9K −$4.18/SF
NOI
$13.3K $5.11/SF
Area
Warrick County, IN
Vacancy
5.60%
Lease Rate
$9.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,680
Cap Rate 7%
$190,486
Cap Rate 9%
$148,156
Alternative Uses
Best Use
Apartment 5plus
$190.5K
$166.7K – $222.2K
NOI $13,334 @ 7.0% cap · market cap 7.69%
Second Best
Multifamily LT 5
$179.1K
$156.7K – $208.9K
NOI $12,534 @ 7.0% cap · market cap 7.23%
Theoretical Best
Specialty Retail
$516.4K
$451.9K – $602.5K
NOI $36,149 @ 7.0% cap · market cap 20.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
Explore this area
Business Placement
Demographics for 47601, IN
14,088
Population
5,803
Households
2.4
Avg Household Size
43
Median Age
24%
College-Educated
94%
High-School Grad
127.3 sq mi
ZIP Area
111
Density / Sq Mi
$77,411
Median Household Income
$46,517
Median Earnings
$843
Median Rent
$184,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied apartments with professional management and landlord-paid utilities.
Where is this quadplex located?
The property is located at 324 E Moore St Boonville, 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; Built in 1979; All units are tenant occupied
