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Two-Story Triplex

500 E Franklin Street, Evansville, IN 47711

For Sale
$135,000
Pending

INVESTMENT, Two Story, Evansville, IN

Property Size2,538 SF
Lot Size0.11 Acres
Days on Market93

Property Features for 500 E Franklin Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 2, Bedroom 3, Basement, Bedroom 1, Bathroom 2, Bathroom 3
Parking 3
Lot features Irregular
Elementary school Lincoln
Middle school Lincoln
High school Central
Elementary school district Evansville-Vanderburgh School Corp.
Middle school district Evansville-Vanderburgh School Corp.
High school district Evansville-Vanderburgh School Corp.
Directions West on Lloyd Exp., right on Garvin, Left on Franklin
Subdivision Vanderburgh County
Standard status Pending
APN 82-06-20-025-034.014-029
Size 2,538 SF
Lot size 0.11 Acres

Additional Details

Individually Metered Utilities unspecified utilities

Taxes and HOA fees

Tax Year 2026
Tax Description H & E ENL 1/2 LOT 21 LOT 22 BL 29
Legal Description H & E ENL 1/2 LOT 21 LOT 22 BL 29

Utilities

Cooling system Central Air

Building Details

Year built 1864
Floors in Building 2
Number of units 3
Flooring type Vinyl, Carpet
Architectural style Other
Listing Agency: KELLER WILLIAMS CAPITAL REALTY · Keller Williams Realty
Listed By: Stacey Carpenter · License IN RB17001505
Added: Aug 10 Changed: Oct 26 Last Checked: Nov 10 at 5:06AM
MLS# 202632673

Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This two-story triplex contains three one-bedroom units within 2,538 square feet. The property includes three bathrooms, a basement, vinyl and carpet flooring, and central air conditioning. Built in 1864, the building sits on a 0.11-acre parcel at 500 E Franklin Street in Evansville, Indiana.

Utility service is separated among the units except for water, sewer, and trash. The three-unit configuration provides a defined residential income property layout, while the basement and existing mechanical and finish features add to the building’s physical utility.

Key Highlights

  • Three one‑bedroom units
  • 2,538 square feet on a 0.11‑acre parcel
  • Utility service separated except water, sewer, and trash

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,314
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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three one-bedroom units with separate utilities for most services and central air conditioning.
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 feet on a 0.11‑acre parcel; Utility service separated except water, sewer, and trash
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