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20-Unit Duplex Apartment Portfolio
For Sale
$1,775,000

600 Francis Ave, Clarksville, IN 47129

Two-bedroom apartments are arranged across multiple duplex buildings within an R-2 Apartment Zone.

Property Size22,000 SF
Price / SF$80.68
Days on Market258

Property Features for 600 Francis Ave

General Information

Standard status Active
Size 22,000 SF
Property subtype Multifamily
Zoning R-2 Apartment Zone

Units

Unit Mix 20 x 2BR
Multifamily Units 20

Building Details

Year Built 1987
Buildings 10
Listing Agency: VanWingerden Real Estate Advisors, LLC
Listed By: Tim VanWingerden
Source: Kcrea.resimplifi
Added: Dec 17, 2025 Changed: Aug 31 Last Checked: Aug 31 at 1:15PM

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 VanWingerden Real Estate Advisors, LLC

Investment Insights

Based on property information with market context.

This residential income property comprises 20 two-bedroom apartment units distributed among 10 duplex buildings. Constructed in 1987, the property is located in Clarksville, Indiana, and carries an R-2 Apartment Zone designation. The configuration provides a consistent two-bedroom unit mix across the duplex subdivision.

The property is identified as being 15 minutes from River Ridge, a 6,000-acre master-planned industrial and logistics park across the river from Louisville. River Ridge supports more than 19,000 jobs and has recorded over $3 billion in regional economic impact through private investment, wages, and tax revenue. Additional regional development initiatives cited include a solar cell plant, Jeffboat redevelopment, and a planned natatorium.

Key Highlights

  • 20 two‑bedroom apartment units
  • 10 duplex buildings
  • R‑2 Apartment Zone

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Pharmacy Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20
Residential units

Location Intelligence

Trade Area within ½ mile

167
Businesses Nearby

Demographics for 47129, IN

19,739
Population
9,382
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
83%
High-School Grad
9.6 sq mi
ZIP Area
2,056
Density / Sq Mi
$55,447
Median Household Income
$36,592
Median Earnings
$1,027
Median Rent
$162,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-bedroom apartments are arranged across multiple duplex buildings within an R-2 Apartment Zone.
Where is this duplex located?
The property is located at 600 Francis Ave Clarksville, IN.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: 20 two‑bedroom apartment units; 10 duplex buildings; R‑2 Apartment Zone
More about this property
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