Two-Duplex Residential Income
For Sale
$234,555
Pending
501 S Race Street, Princeton, IN 47670
MULTI_FAMILY - Princeton, IN
Property Size1,800 SF
Lot Size0.16 Acres
Days on Market121
Property Features for 501 S Race Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
Parking
2
Lot features
City/ Town/ Suburb, Corner, Level
Elementary school
Princeton
Middle school
Princeton
High school
Princeton
Elementary school district
North Gibson School Corp.
Middle school district
North Gibson School Corp.
High school district
North Gibson School Corp.
Directions
S Main, E on Monroe, Duplex on corner of Monroe & Race Streets.
Subdivision
Gibson County
Standard status
Pending
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
1078
Legal Description
SUMMERS ADD 36
Utilities
Cooling system
Central Air
Amenities
laundry room
Building Details
Year built
2024
Floors in Building
1
Number of units
2
Roof type
Metal
Architectural style
Other
Listing Agency:
F.C. TUCKER EMGE
(812) 386-6200
Listed By:
Anita Waldroup · License #RB14028427
(812) 664-7202
Added: Apr 20
Changed: Aug 12
Last Checked: Aug 18 at 11:06PM
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.
Investment Insights
Based on property information with market context.
Two custom-built duplexes in Princeton, Indiana offer a total of four 2-bedroom, 1-bath units with open layouts for the living room, dining area, and kitchen. Each unit includes a laundry room with a washer and dryer provided, plus an exit door. Floorplan features include a coat closet upon entry and numerous additional closets throughout. On-site restrictions include no smoking and no pets. Parking pads are available for each tenant in front of the building.
Unit configuration is supported by lease structures currently in place: one tenant is month to month, while the second lease runs through 07/31/27. The duplexes have tenant yard care with an owner discounting rent at a slight reduction. The building is central air equipped and features a metal roof, with a 2024 build year.
Each unit is identified by street frontage along Race St and Prince St and provides separate interior living spaces designed for comfortable everyday use.
Unit configuration is supported by lease structures currently in place: one tenant is month to month, while the second lease runs through 07/31/27. The duplexes have tenant yard care with an owner discounting rent at a slight reduction. The building is central air equipped and features a metal roof, with a 2024 build year.
Each unit is identified by street frontage along Race St and Prince St and provides separate interior living spaces designed for comfortable everyday use.
Key Highlights
- Two custom‑built duplexes in Princeton, IN
- Each unit offers two bedrooms, one bathroom, and a laundry room with washer and dryer
- Lease details: one tenant month to month; second lease runs through 07/31/27
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 47670, IN
11,934
Population
5,440
Households
2.2
Avg Household Size
41
Median Age
13%
College-Educated
89%
High-School Grad
82.0 sq mi
ZIP Area
146
Density / Sq Mi
$65,873
Median Household Income
$36,957
Median Earnings
$959
Median Rent
$140,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two custom-built duplexes with central air, metal roofs, and well-appointed 2-bedroom, 1-bath units.
Where is this duplex located?
The property is located at 501 S Race Street Princeton, IN.
What is the asking price?
The asking price for this property is $234,555.
What are key features of this property?
This property features: Two custom‑built duplexes in Princeton, IN; Each unit offers two bedrooms, one bathroom, and a laundry room with washer and dryer; Lease details: one tenant month to month; second lease runs through 07/31/27
