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    Evansville, IN Multifamily Properties for Sale

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    Remodeled 4-Unit Apartment Building
    Updated: Aug 16
    Remodeled 4-Unit Apartment Building

    800 Line St, Evansville, IN 47713

    $300,000
    2,948 sqft
    Four‑unit apartment building in downtown Evansville
    Remodeled within the past 2 years
    Roof is 1 year old
    All HVAC systems and water heaters are 2 years old
    Updated windows, doors, LVP flooring, kitchens, bathrooms, lighting, paint, and trim
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    This listing looks promising.

    Here's a quick look at some key insights for

    800 Line St, Evansville, IN 47713

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $27K
      Annual

    • Price @ 7% Cap

      $384K
      Above asking

    • Property Type

      Triplex
      Built 1924
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    Two-Story Quadplex
    Updated: Aug 11
    Two-Story Quadplex

    1419 Cumberland Avenue, Evansville, IN 47712

    $129,900
    3,502 sqft 0.25 AC lot
    Four‑unit quadplex with all units occupied
    3,502 square feet on a 0.25‑acre lot
    Built in 1893 with two‑story construction
    Owner currently covers all utilities
    Professional management in place
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    Duplex with Central Air
    Duplex with Central Air

    1800 N 6th Avenue, Evansville, IN 47710

    $102,000
    2,254 sqft 0.09 AC lot

    Two-unit property with a vacant one-bedroom residence and a leased three-bedroom residence.

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    Updated Fourplex With Private Entrances
    Updated Fourplex With Private Entrances

    818 SE Riverside Drive, Evansville, IN 47713

    $259,900
    2,063 sqft 0.12 AC lot

    Four residential units include appliances, central heating and air conditioning, and separate gas and electric meters.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Apartment Building with Carriage House
    Apartment Building with Carriage House

    702-704 SE Second St, Evansville, IN 47713

    $568,000
    6,794 sqft

    Historic Italianate property with updated interiors, a renovated owner’s unit, and a new roof installed in 2025.

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    Two-Story Duplex with Basement
    Two-Story Duplex with Basement

    1407 Fountain Avenue, Evansville, IN 47710

    $115,000
    2,080 sqft 0.16 AC lot

    Residential income property offering central air, a basement, and a five-bedroom, two-bath configuration.

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    Two-Unit Duplex with Basement
    Two-Unit Duplex with Basement

    504 506 Adams Avenue, Evansville, IN 47713

    $118,000
    2,542 sqft 0.13 AC lot

    Fully occupied residential income property with central air, vinyl and carpet flooring, and tenant-paid utilities.

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    Victorian Apartment Building
    Victorian Apartment Building

    702-704 SE Second Street, Evansville, IN 47713

    $568,000
    6,794 sqft 0.24 AC lot

    Five-unit configuration includes a carriage-house apartment and a two-car garage.

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    Updated 10-Unit Apartment Building
    Updated 10-Unit Apartment Building

    613 615 N Fulton Ave, Evansville, IN 47710

    $499,900
    5,105 sqft

    Two-story apartment property with individually metered electric and tenant-paid usage.

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    Updated Duplex with Private Entrances
    Updated Duplex with Private Entrances

    4100 Claremont Avenue, Evansville, IN 47712

    $229,900
    2,011 sqft 0.21 AC lot

    Ranch-style duplex with separate living areas, off-street parking, and recent improvements across both units.

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    Updated Duplex with Upstairs Potential
    Updated Duplex with Upstairs Potential

    900 902 Mary Street, Evansville, IN 47710

    $123,900
    1,714 sqft 0.11 AC lot

    Two one-bedroom units offer flexible occupancy, including a remodeled vacant unit and a month-to-month tenancy.

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    11-Unit Apartment Portfolio
    11-Unit Apartment Portfolio

    509 Se 1st St, Evansville, IN 47713

    $895,000
    8,327 sqft

    Three apartment properties are offered together in Evansville’s Historic District with professional management already in place.

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    Section 8 Duplex with Central Air
    Section 8 Duplex with Central Air

    209 N 2Nd Avenue, Evansville, IN 47710

    $100,000
    966 sqft 0.06 AC lot

    Fully occupied two-unit property with central air, vinyl and carpet flooring, and a basement.

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    Two-Story Duplex with Separate Utilities
    Two-Story Duplex with Separate Utilities

    205 W Oregon Street, Evansville, IN 47710

    $149,900
    1,650 sqft 0.11 AC lot

    Fully occupied income property with central air, private utility metering, and washer-dryer hookups in each kitchen.

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    Two-Unit Duplex Property
    Two-Unit Duplex Property

    1500 S Harlan Avenue, Evansville, IN 47714

    $150,000
    1,400 sqft 0.15 AC lot

    Single-story residential income property with central air and laminate flooring throughout.

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    Two-Unit Duplex Property
    Two-Unit Duplex Property

    2504 2506 Negley Place, Evansville, IN 47711

    $140,000
    1,250 sqft 0.13 AC lot

    Each residence provides two bedrooms and one bathroom, creating a consistent residential layout across the property.

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    Historic Evansville Building with Carriage
    Historic Evansville Building with Carriage

    810 SE 1st St, Evansville, IN 47713

    $1,057,000
    5,241 sqft

    Historic 5,241 SF Evansville building with four luxury units.

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    Two-Unit Duplex with Central Air
    Two-Unit Duplex with Central Air

    507 S Evans Avenue, Evansville, IN 47713

    $102,500
    1,504 sqft 0.08 AC lot

    Two-unit residential income property with central air, vinyl flooring, and separate two-bedroom layouts.

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    Two-Unit Duplex with Off-Street Parking
    Two-Unit Duplex with Off-Street Parking

    2601 W Virginia St, Evansville, IN 47712

    $154,900
    1,900 sqft

    Each unit features a large kitchen, main-level laundry, and access to shared property amenities.

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    Corner-Lot Duplex with Central Air
    Corner-Lot Duplex with Central Air

    1021 1023 Park Street, Evansville, IN 47710

    $95,000
    1,800 sqft 0.08 AC lot

    Fully leased two-unit property with tenant-paid utilities and a recently renewed one-year lease term.

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    Brick Duplex with Corner Lot
    Brick Duplex with Corner Lot

    3600 3604 Kathleen Ave, Evansville, IN 47714

    $160,000
    1,880 sqft

    Two-bedroom units offer eat-in kitchens, laundry hookups, private decks, and access to shared outdoor space.

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    Two-Story Triplex
    Two-Story Triplex

    500 E Franklin Street, Evansville, IN 47711

    $135,000
    2,538 sqft 0.11 AC lot

    Three one-bedroom units with separate utilities for most services and central air conditioning.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    900 902 Mary St, Evansville, IN 47710

    $123,900
    1,714 sqft

    One unit is leased month-to-month, while the second is vacant after a recent remodel.

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    Two-Story Duplex with Renovated Unit
    Two-Story Duplex with Renovated Unit

    1629 Ewing Avenue, Evansville, IN 47712

    $164,900
    2,064 sqft 0.17 AC lot

    Occupied income property with separate electric metering, shared water service, and central air conditioning.

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    Evansville, IN Multifamily Properties Market Trends and Statistics

    Explore 97 multifamily properties for sale in Evansville, IN, showcased through 97 active listings on our real estate platform. These investment opportunities span a total of 215,303 square feet of properties for sale, with an estimated market value of $12,374,359.

    Sale prices for multifamily properties in Evansville, IN start at $75,000, averaging $196,418, and reaching up to $1,057,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 56
    Apartment buildings 13
    Quadplexes 12
    Triplexes 8
    Short term rental properties 3

    Demographics Overview

    Population 183K
    Population Growth (5Y) +10.0%
    Median Household Income $64,157
    College Educated 10.1%

    High-Yield Neighborhoods for Investment

    Identify Evansville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    47712 $135.1K
    47711 $142.7K
    47710 $151K
    47714 $170K
    47713 $291.1K

    Taxes & Financing

    Tax Rate (average for all types) 2.78%
    Property Tax per SF $43.26 per SF
    Tax Rate vs County Average 0.14 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Vanderburgh County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Evansville fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Evansville, IN

    • 47713
    • 47710
    • 47714
    • 47712
    • 47711
    • 47708

    Featured Evansville Real Estate Agencies

    Realmo connects you with licensed Evansville CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Berkshire Hathaway HomeServices Indiana Realty
    4111 Washington Avenue Evansville, IN 47714
    Phone: 18124550370
    www.bhhsinevansville.com/

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