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Updated Four-Unit Rental Property
For Sale
$155,000

809 Jefferson Avenue Unit 14, Evansville, IN 47713

All four residences are leased, with recent improvements to flooring, paint, exterior stairs, and water heaters.

Property Size3,358 SF
Price / SF$46.16
Days on Market446

Property Features for 809 Jefferson Avenue Unit 14

General Information

Standard status Active
Size 3,358 SF
Property subtype Multi Family / Fourplex
Occupancy 100%
Lease Term 1 Year

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $1,758

Amenities

Window
2
Yes
Carpet, Mixed, Vinyl
4
Conventional, Forced Air
1
Partial Basement
5
No
Aluminum, Brick
Fenced Yard, Patio Covered

Building Details

Year Built 1904
Units 4
Listing Agency: Stanger Homes, LLC
Listed By: Michelle Stanger · License #RB14044502
Source: Compass
Added: Jun 11, 2025 Changed: Aug 30 Last Checked: Aug 30 at 2:43AM

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 Stanger Homes, LLC

Investment Insights

Based on property information with market context.

This four-unit property in Evansville contains 3,358 square feet and dates to 1904. All four units are currently leased. Unit B has new laminate wood flooring and separately pays its electric bill, while Apartment A has received new paint. The property is being sold in its current As-Is condition.

Recent work includes newer exterior rear stairs completed in 2023, two water heaters installed in Spring 2025, and another water heater installed in Feb 2026. Exterior features include aluminum and brick finishes, a fenced yard, and a covered patio. Annual financials are based on estimated values.

Key Highlights

  • Four‑unit property with all four units currently leased
  • 3,358‑square‑foot building constructed in 1904
  • Unit B includes new laminate wood flooring and separately paid electric

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Building Supply

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

307
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 - All four residences are leased, with recent improvements to flooring, paint, exterior stairs, and water heaters.
Where is this quadplex located?
The property is located at 809 Jefferson Avenue Unit 14 Evansville, IN.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Four‑unit property with all four units currently leased; 3,358‑square‑foot building constructed in 1904; Unit B includes new laminate wood flooring and separately paid electric
More about this property
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