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    501 S Race Street, Princeton, IN 47670

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    For Sale
    $250,000

    MULTI_FAMILY - Princeton, IN

    Property size:
    1,800 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $138/SF
    Added:
    Apr 20, 2026
    Days on Market:
    76
    Last Refresh:
    Jul 4 at 2:06 am

    Property Features for 501 S Race Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 3
    Parking
    2
    Standard status
    Active
    APN
    26-12-07-403-002.729-028
    Size
    1,800 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    SUMMERS ADD 36
    Tax Annual Amount
    870

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2024
    Floors in Building
    1
    Number of units
    2
    Roof type
    Metal
    Architectural style
    Other

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    Contact an agent
    Anita Waldroup
    Anita Waldroup

    Listing agent Anita Waldroup License #RB14028427

    Listing office F.C. TUCKER EMGE 1105 S Main Street, Suite A, Evansville, IN

    Listing date Apr 20, 2026

    MLS# 202613998

    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.

    HighLights

    • Custom‑built 2024 duplex property in Princeton: 2 duplexes (Race St and Prince St)
    • Each unit offers 2 bedrooms and 1 bathroom plus a laundry room
    • Open floor plan with living room, dining area, and kitchen with a bar for seating
    • Washer & dryer provided in each unit; laundry room includes an exterior exit door
    • Central air and metal roof
    • Tenant parking pads available in front of the building; yard care by tenants with rent discount

    Overview

    This property offers two duplex buildings, both custom built with an open concept living, dining, and kitchen arrangement and a bar area suitable for seating or dining. Each unit features two bedrooms and one bathroom, along with a dedicated laundry room that includes a washer and dryer and provides an exterior exit door. Interior storage is designed for everyday use, including a coat closet at entry and multiple closets throughout the unit. Parking is supported by a parking pad available for each tenant in front of the buildings.

    The duplexes are located at 501 S Race Street in Princeton, in Gibson County. Public remarks indicate the presence of tenant-managed yard care, with an owner discount for a tenant responsible for yard maintenance.

    The units are currently described as having month-to-month leases for most tenants, with long-standing occupancy noted. Tenant rules listed for the property include no smoking and no pets. With four total residential units configured similarly across both duplexes, the asset may appeal to buyers looking for a straightforward, repeatable two-bedroom rental layout with in-unit laundry and exterior laundry access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Hair Salon Spa & Massage Center Nail Salon Kitchen & Bath Showroom Barber Shop Real Estate Agency Cafe & Coffee Shop Bakery Nursing Home Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Gibson
    State
    Indiana
    Longitude
    -87.562879
    Latitude
    38.350758

    FAQs

    What type of property is this?
    Quadplex - For sale quadplex-style income property with two duplex buildings and two-bedroom, one-bath layouts.
    Where is this quadplex located?
    The property is located at 501 S Race Street Princeton, IN.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Custom‑built 2024 duplex property in Princeton: 2 duplexes (Race St and Prince St); Each unit offers 2 bedrooms and 1 bathroom plus a laundry room; Open floor plan with living room, dining area, and kitchen with a bar for seating
    More about this property
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