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Victorian Apartment Building
For Sale
$568,000

702-704 SE Second Street, Evansville, IN 47713

INVESTMENT, Two Story, Evansville, IN

Property Size6,794 SF
Lot Size0.24 Acres
Price / SF$83.60
Days on Market386

Property Features for 702-704 SE Second Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 9
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 2, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 7, Bedroom 4, Bathroom 6, Basement, Bedroom 3, Bathroom 2, Bedroom 9, Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 8, Bedroom 5
Parking 3
Fireplace 1
Lot features Level
Elementary school West Terrace
Middle school Perry Heights
High school Francis Joseph Reitz
Elementary school district Evansville-Vanderburgh School Corp.
Middle school district Evansville-Vanderburgh School Corp.
High school district Evansville-Vanderburgh School Corp.
Directions Downtown to 2nd St
Subdivision Vanderburgh County
Standard status Active
APN 82-06-30-020-086.008-029
Size 6,794 SF
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Upper Enl Pt Lots 89 & 90
Legal Description Upper Enl Pt Lots 89 & 90

Utilities

Cooling system Central Air

Building Details

Year built 1899
Floors in Building 2
Number of units 6
Flooring type Mixed, Wood
Architectural style Victorian
Listing Agency: Berkshire Hathaway HomeServices Indiana Realty
Listed By: Philip Hooper · License #RB14052159
Added: Aug 14, 2025 Changed: Sep 2 Last Checked: Sep 3 at 10:06AM
MLS# 202532171

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.

This Victorian multifamily property contains four apartments along with a one-bedroom carriage-house unit positioned above an oversized two-car garage. The 6,794-square-foot building occupies 0.24 acres and includes wood and mixed flooring, central air, and a fireplace. The owners’ unit on the right side received a full renovation and brick addition circa 2010, while the left side is identified for possible conversion into a larger townhome or additional rental space. A new roof was installed in 2025.

The property is located at 702-704 SE Second Street in Evansville’s Haynie’s Corner Arts District, between the riverfront and downtown. Neighborhood festivals, local dining, and the medical school campus are described as being steps away. The property generates gross rent from its apartment configuration, with showings conducted by accepted offer only to respect tenant privacy.

Key Highlights

  • 6,794‑square‑foot multifamily property on 0.24 acres
  • Four apartments plus a one‑bedroom carriage‑house apartment
  • Carriage house is located above an oversized two‑car garage

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Grocery & Convenience Store Acupuncture Florist Pet Grooming 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

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,566
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Five-unit configuration includes a carriage-house apartment and a two-car garage.
Where is this apartment building located?
The property is located at 702-704 SE Second Street Evansville, IN.
What is the asking price?
The asking price for this property is $568,000.
What are key features of this property?
This property features: 6,794‑square‑foot multifamily property on 0.24 acres; Four apartments plus a one‑bedroom carriage‑house apartment; Carriage house is located above an oversized two‑car garage
More about this property
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