Fully Occupied
For Sale
$118,000
504-506 Adams Avenue, Evansville, IN 47713
Two-unit property with central air and tenant-paid utilities near downtown Evansville.
Property Size2,542 SF
Price / SF$46.42
Days on Market57
Property Features for 504-506 Adams Avenue
General Information
Standard status
Active
Size
2,542 SF
Property subtype
Multi Family / Duplex
Occupancy
100%
Lease Term
1 Year
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,942
Amenities
Central Air
2
Yes
Carpet, Vinyl
Conventional
Partial Basement
1
6
No
Vinyl
Water Heater Electric
Building Details
Year Built
1894
Units
2
Listing Agency:
KELLER WILLIAMS CAPITAL REALTY
(812) 422-4096
Listed By:
Stacey Carpenter · License #RB17001505
(812) 422-4096
Source:
Compass
Added: Jul 7
Changed: Aug 31
Last Checked: Aug 31 at 1:56AM
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 duplex contains 2,542 square feet across two residential units at 504-506 Adams Avenue. The property dates to 1894 and includes central air, a partial basement, vinyl exterior siding, and an electric water heater. Both units are occupied, with tenants responsible for their own utilities.
The property is situated near downtown Evansville, providing an urban setting for a two-unit residential income asset. Unit 504 is leased through Section 8, while Unit 506 is also occupied. Interior finishes include carpet and vinyl flooring.
The property is situated near downtown Evansville, providing an urban setting for a two-unit residential income asset. Unit 504 is leased through Section 8, while Unit 506 is also occupied. Interior finishes include carpet and vinyl flooring.
Key Highlights
- 2,542‑square‑foot duplex with two residential units
- Both units occupied; tenants pay all utilities
- Unit 504 participates in Section 8
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 47713, IN
9,916
Population
5,507
Households
1.8
Avg Household Size
35
Median Age
21%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
1,983
Density / Sq Mi
$37,448
Median Household Income
$29,366
Median Earnings
$931
Median Rent
$85,200
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-unit property with central air and tenant-paid utilities near downtown Evansville.
Where is this duplex located?
The property is located at 504-506 Adams Avenue Evansville, IN.
What is the asking price?
The asking price for this property is $118,000.
What are key features of this property?
This property features: 2,542‑square‑foot duplex with two residential units; Both units occupied; tenants pay all utilities; Unit 504 participates in Section 8
