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Three-Unit Triplex
For Sale
$135,000
Pending

500 E Franklin St, Evansville, IN 47710

Income property with three one-bedroom residences and partially separated utility services.

Property Size2,538 SF
Days on Market18

Property Features for 500 E Franklin St

General Information

Standard status Pending
Size 2,538 SF
Property subtype Residential Income

Units

Unit Mix 3 x 1BR
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $1,453
Listing Agency: KELLER WILLIAMS CAPITAL REALTY
Listed By: Stacey Carpenter · License #RB17001505
Source: Exprealty
Added: Aug 11 Changed: Aug 24 Last Checked: Aug 26 at 1:14PM

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 KELLER WILLIAMS CAPITAL REALTY

Investment Insights

Based on property information with market context.

This triplex contains three one-bedroom units within a 2,538-square-foot residential income property. Utility services are separated among the units, with water, sewer, and trash shared across the property.

The property is located at 500 E Franklin St in Evansville, Indiana. Its three-unit configuration provides a defined multifamily layout for an owner or investor seeking a compact residential income asset.

Key Highlights

  • Three one‑bedroom units
  • 2,538‑square‑foot triplex
  • Utility services separated except water, sewer, and trash

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Storage Facility Nail Salon Garden Center Furniture & Home Goods Electrical 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,474
Businesses Nearby

Demographics for 47710, IN

18,470
Population
9,119
Households
2
Avg Household Size
39
Median Age
17%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
2,148
Density / Sq Mi
$45,324
Median Household Income
$33,718
Median Earnings
$857
Median Rent
$131,700
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?
Triplex - Income property with three one-bedroom residences and partially separated utility services.
Where is this triplex located?
The property is located at 500 E Franklin St Evansville, IN.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Three one‑bedroom units; 2,538‑square‑foot triplex; Utility services separated except water, sewer, and trash
More about this property
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