Two-Unit
For Sale
$102,500
507 S Evans Avenue, Evansville, IN 47713
Two residential units offer a straightforward rental configuration with one occupied unit and one currently vacant.
Property Size1,504 SF
Price / SF$68.15
Days on Market71
Property Features for 507 S Evans Avenue
General Information
Standard status
Active
Size
1,504 SF
Property subtype
Multi Family Home
Lease Term
1 Year
Site & Location
Neighborhood
Old Erie
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Building Size
1,504 SF
Year Built
1904
Stories
2
Units
2
Listing Agency:
KELLER WILLIAMS CAPITAL REALTY
Listed By:
Erica Berendsen · License #RB21002306
(812) 774-2596
Source:
Castleonerealty
Added: Aug 19
Changed: Oct 26
Last Checked: Oct 26 at 8:10AM
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
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Investment Insights
Based on property information with market context.
This 1,504-square-foot duplex contains two separate residential units, each with two bedrooms and one bathroom. The property offers a simple, established layout for multifamily ownership, with one unit occupied under a lease and the other available for occupancy.
Unit A is leased through 6/30/2026, while Unit B is vacant. Located at 507 S Evans Ave in Evansville, Indiana, the property combines a two-unit format with an existing tenancy and near-term vacancy.
Unit A is leased through 6/30/2026, while Unit B is vacant. Located at 507 S Evans Ave in Evansville, Indiana, the property combines a two-unit format with an existing tenancy and near-term vacancy.
Key Highlights
- Two‑unit duplex totaling 1,504 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Unit A leased through 6/30/2026
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a straightforward rental configuration with one occupied unit and one currently vacant.
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‑unit duplex totaling 1,504 square feet; Each unit includes 2 bedrooms and 1 bathroom; Unit A leased through 6/30/2026
