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Three-Unit Triplex
For Sale
$135,000

500 E Franklin Street, Evansville, IN 47711

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

Property Size2,538 SF
Price / SF$53.19
Days on Market28

Property Features for 500 E Franklin Street

General Information

Standard status Active
Size 2,538 SF
Property subtype Multi-Family

Units

Unit Mix 3 x 1BR
Multifamily Units 3

Building Details

Year Built 1864
Listing Agency: F.C. Tucker Realty Center
Listed By: Carson and Lisa Lowry Real Estate
Source: Carsonlowryrealestate
Added: Aug 15 Changed: Sep 10 Last Checked: Sep 10 at 5:59AM

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 F.C. Tucker Realty Center

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

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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 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
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

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 Street 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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