Brick Duplex with Metal
909 N Fairlawn Cir W, Evansville, IN 47711
For Sale
$149,900
Pending
INVESTMENT, One Story, Evansville, IN
Property Size1,628 SF
Lot Size0.15 Acres
Days on Market9
Property Features for 909 N Fairlawn Cir W
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Amenities
off-street parking
washer/dryer hookups
Building Details
Year built
Floors in Building
Number of units
Flooring type
Architectural style
Buildings
Listing Agency:
SOLID GOLD REALTY, INC.
(812) 455-1332
Listed By:
Rodney Harper
(812) 455-3747
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 14 at 3:06AM
MLS# 202646006
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.
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Investment Insights
Based on property information with market context.
This 1,628-square-foot brick duplex, built in 1966, contains two residences, each arranged with two bedrooms and one bathroom. Both sides include a kitchen with dining space, a large primary bedroom with a walk-in closet, and a utility room with washer and dryer hookups. A newer metal roof and central air are among the property’s features.
The 0.15-acre property includes off-street parking on a concrete driveway. Interior flooring consists of laminate, vinyl, and carpet.
The 0.15-acre property includes off-street parking on a concrete driveway. Interior flooring consists of laminate, vinyl, and carpet.
Key Highlights
- Two‑residence brick duplex totaling 1,628 square feet
- Each side has 2 bedrooms and 1 bathroom
- Large primary bedroom with walk‑in closet in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,664
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,280
$273.3K
Cap Rate 7%
$195,200
$195.2K
Cap Rate 9%
$151,822
$151.8K
Market Conditions
NOI Build-Up for 1,628 SF
Gross rent
$26.4K $16.20/SF
− Vacancy
−$1.5K −$0.94/SF
EGI
$24.8K $15.26/SF
− OpEx
−$11.2K −$6.87/SF
NOI
$13.7K $8.39/SF
Area
Evansville, IN
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,280
Cap Rate 7%
$195,200
Cap Rate 9%
$151,822
Alternative Uses
Best Use
Multifamily LT 5
$212.3K
$185.8K – $247.7K
NOI $14,860 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$195.2K
$170.8K – $227.7K
NOI $13,664 @ 7.0% cap · market cap 9.12%
Theoretical Best
Office A
$404.2K
$353.6K – $471.5K
NOI $28,291 @ 7.0% cap · market cap 18.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
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Business Placement
Demographics for 47711, IN
31,266
Population
14,487
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
91%
High-School Grad
16.5 sq mi
ZIP Area
1,895
Density / Sq Mi
$65,398
Median Household Income
$39,114
Median Earnings
$982
Median Rent
$156,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Evansville, IN
Properties on Market for Duplexes in Evansville
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a two-bedroom, one-bath layout with a kitchen and dining area.
Where is this duplex located?
The property is located at 909 N Fairlawn Cir W Evansville, IN.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two‑residence brick duplex totaling 1,628 square feet; Each side has 2 bedrooms and 1 bathroom; Large primary bedroom with walk‑in closet in each residence
