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Renovated-Unit Quadplex
For Sale
$235,000

708 SE Third St, Evansville, IN 47713

Four studio-style apartments include three updated units and one occupied month-to-month residence in downtown Evansville.

Property Size2,860 SF
Price / SF$82.17
Days on Market42

Property Features for 708 SE Third St

General Information

Standard status Active
Size 2,860 SF
Property subtype Multi-Family

Units

Unit Mix 4 x studio
Multifamily Units 4

Building Details

Year Built 1894
Listing Agency: eXp Realty, LLC
Listed By: Evan Birch
Source: Kmsrealestategroup
Added: Jul 21 Changed: Aug 29 Last Checked: Aug 30 at 8:03PM

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 eXp Realty, LLC

Investment Insights

Based on property information with market context.

This 2,860-square-foot quadplex contains four studio-style apartments within a building constructed in 1894. Three units have undergone recent improvements, including luxury vinyl plank flooring and updated kitchens and bathrooms. The fourth apartment is occupied by a month-to-month tenant.

Located in downtown Evansville, the property offers a compact four-unit configuration with a mix of renovated interiors and existing occupancy. Its studio layouts and separate apartments support residential rental use, including the short- and mid-term arrangements described for the renovated units.

Key Highlights

  • Four studio‑style apartments in a quadplex configuration
  • 2,860 square feet across the property
  • Three units recently renovated with LVP flooring and updated kitchens and bathrooms

Property Analytics

Current Use

Quadplexes

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

4
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?
Quadplex - Four studio-style apartments include three updated units and one occupied month-to-month residence in downtown Evansville.
Where is this quadplex located?
The property is located at 708 SE Third St Evansville, IN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Four studio‑style apartments in a quadplex configuration; 2,860 square feet across the property; Three units recently renovated with LVP flooring and updated kitchens and bathrooms
More about this property
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