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2-Unit Duplex

507 S Evans Avenue, Evansville, IN 47713

For Sale
$102,500

INVESTMENT, Two Story, Evansville, IN

Property Size1,504 SF
Lot Size0.08 Acres
Price / SF$68.15
Days on Market154

Property Features for 507 S Evans Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
Parking 2
Lot features Level
Elementary school Hebron
Middle school Plaza Park
High school William Henry Harrison
Elementary school district Evansville-Vanderburgh School Corp.
Middle school district Evansville-Vanderburgh School Corp.
High school district Evansville-Vanderburgh School Corp.
Directions North on Hwy 41 to West on Lincoln ave, to North on Evans to duplex on Left
Subdivision Vanderburgh County
Standard status Active
APN 82-06-29-024-042.016-029
Size 1,504 SF
Lot size 0.08 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2026
Tax Description BALLARDS ADDITION LOT 34 BL 6
Legal Description BALLARDS ADDITION LOT 34 BL 6

Utilities

Cooling system Central Air

Building Details

Year built 1904
Floors in Building 2
Number of units 2
Flooring type Vinyl
Architectural style Other
Listing Agency: KELLER WILLIAMS CAPITAL REALTY · Keller Williams Realty
Listed By: Erica Berendsen · License IN RB21002306
Added: Jun 14 Changed: Nov 9 Last Checked: Nov 14 at 3:06AM
MLS# 202623344

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 1,504-square-foot duplex contains two residences, each with two bedrooms and one bathroom. The property was built in 1904 and has vinyl flooring and central air conditioning. The parcel measures 0.08 acres.

Both units are leased. Unit A's lease runs through 6/30/2027, while Unit B's lease extends through 2028.

Key Highlights

  • Two residences, each with 2 bedrooms and 1 bathroom
  • 1,504 square feet on a 0.08‑acre parcel
  • Built in 1904

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

580
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Duplexes in Evansville, IN

$78.65 Jul
$68.55 Aug
$72.97 Sep
$80.16 Oct

Properties on Market for Duplexes in Evansville

Jul
Aug
Sep
Oct

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?
Duplex - Both residences offer a two-bedroom, one-bath layout and central air conditioning.
Where is this duplex located?
The property is located at 507 S Evans Avenue Evansville, IN.
What is the asking price?
The asking price for this property is $102,500.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,504 square feet on a 0.08‑acre parcel; Built in 1904
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