Evansville, IN Multifamily Properties for Sale

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Updated: Jun 15

Two-Unit Duplex with Two Bedrooms

1500 S Harlan Avenue, Evansville, IN 47714

$150,000

1,400 sqft 0.15 AC lot

Duplex with two 2‑bedroom, 1‑bath units
Central air cooling
Laminate flooring
Built in 1935

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1500 S Harlan Avenue, Evansville, IN 47714

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Est. Cap Rate

8.5%
Above avg (5.9%)
Est. NOI

$13K
Annual
Price @ 7% Cap

$183K
Above asking
Property Type

Row House
Built 1935

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Updated: Jul 13

Occupied Duplex Income Property

1407 Fountain Avenue, Evansville, IN 47710

$115,000

2,080 sqft 0.16 AC lot

Fully occupied duplex with Unit A recently went vacant and Unit B currently renting
Unit A rents for $795/month; Unit B rents for $850/month
Tenants are responsible for all utilities
Central air cooling
Year built: 1899

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Fourplex with Private Entrances

818 SE Riverside Drive, Evansville, IN 47713

$264,900

2,063 sqft 0.12 AC lot

Well-maintained four-unit property with private entrances, separately metered utilities, central HVAC, and recent interior updates.

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Fully Leased Duplex With Two Units

1320 S Grand Avenue, Evansville, IN 47713

$115,000

2,800 sqft 0.11 AC lot

Two-unit duplex with separate utility metering, consisting of one 2-bedroom and one 3-bedroom unit.

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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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Fully Leased Duplex Investment

504 506 Adams Avenue, Evansville, IN 47713

$120,000

2,542 sqft 0.13 AC lot

Duplex with units 504 and 506 currently rented, with tenants responsible for all utilities.

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Well-Maintained Duplex with Detached Garage

610 Taylor Avenue, Evansville, IN 47713

$122,500

2,192 sqft 0.11 AC lot

Two rental units with a detached rear garage and updated one-bedroom unit support straightforward residential income use.

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4-Unit Multifamily with Detached Home

1410/1412 N Weinbach Avenue, Evansville, IN 47711

$425,000

2,440 sqft 0.22 AC lot

Turn-key package includes a fully occupied 4-unit building and detached 3-bed, 2-bath home on one parcel.

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One-Story Brick Duplex

1121 South Dexter Avenue, Evansville, IN 47714

$135,000

1,566 sqft

Two separately addressed units each offer two bedrooms and an off-street parking setup.

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Duplex with Vacant One-Bedroom Unit

1800 N 6th Avenue, Evansville, IN 47710

$107,000

2,254 sqft 0.09 AC lot

Two-unit duplex in Evansville with a vacant one-bedroom unit and a leased two-story three-bedroom unit.

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Four-Unit Residential Income Property

520 SE Riverside Drive, Evansville, IN 47713

$345,000

2,846 sqft 0.12 AC lot

Four rental units offer a mix of one- and two-bedroom layouts with on-site parking and outdoor space.

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Downtown Evansville Apartment Building

1 Adams Ave, Evansville, IN 47713

$185,000

3,553 sqft

Five-unit apartment building in downtown Evansville, fully occupied.

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Brick Duplex with Off-Street Parking

112 W Louisiana Street, Evansville, IN 47710

$165,000

2,316 sqft 0.12 AC lot

Two leased units with covered porches, basements with washer/dryer hookups, gas forced-air heat, and central air.

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Italianate Multifamily Building

702-704 SE Second Street, Evansville, IN 47713

$568,000

6,794 sqft 0.24 AC lot

Offers four apartments plus a carriage house over a two-car garage, with a new roof installed in 2025.

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Updated Italianate Property in Evansville

702-704 Southeast 2nd Street, Evansville, IN 47713

$568,000

6,794 sqft

Historic property with modern updates and income potential.

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Remodeled Duplex with Flexible Leasing

900 902 Mary Street, Evansville, IN 47710

$138,900

1,714 sqft 0.11 AC lot

Well-maintained duplex offering two 1-bedroom units, a vacant remodeled side, and a month-to-month occupied unit.

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Remodeled Duplex Investment

1411 W Maryland Street, Evansville, IN 47710

$174,900

2,982 sqft 0.13 AC lot

Two independently metered units with remodeled interiors and tenant-paid utilities support straightforward residential income.

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Four-Unit Apartment Complex For Sale

3426 Igleheart Avenue, Evansville, IN 47712

$226,000

3,125 sqft

Fully rented four-unit apartment complex near shopping and schools.

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Updated Duplex with Private Entrances

4100 Claremont Avenue, Evansville, IN 47712

$234,900

2,011 sqft 0.21 AC lot

Well-maintained duplex with private entrances, off-street parking, and recent interior upgrades, with both units currently occupied.

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Evansville Duplex: Investor Opportunity

1114 1116 W Illinois Street, Evansville, IN 47711

$99,900

1,760 sqft 0.06 AC lot

Duplex with classic charm, spacious layouts, and income potential.

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Two-Unit Duplex Income Property

205 W Oregon Street, Evansville, IN 47710

$149,900

1,650 sqft 0.11 AC lot

Fully occupied duplex with two 3-bedroom, 1-bath units, separately metered utilities, and kitchen washer/dryer hookups.

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Evansville Village MHP Investment Opportunity

1900 N Willow Rd, Evansville, IN 47711

$1,485,000

Manufactured housing community with 57 lots and growth potential.

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Four-Unit Quadplex Investment

803 SE Riverside Drive, Evansville, IN 47713

$249,900

4,590 sqft 0.20 AC lot

Four-unit quadplex with three units currently occupied, near downtown Evansville.

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Fully Occupied Duplex Investment

209 N 2Nd Avenue, Evansville, IN 47710

$105,000

966 sqft 0.06 AC lot

Fully occupied duplex with both units currently participating in Section 8, with the owner paying water.

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Evansville, IN Multifamily Properties Market Trends and Statistics

Explore 64 multifamily properties for sale in Evansville, IN, showcased through 36 active listings on our real estate platform. These investment opportunities span a total of 83,193 square feet of properties for sale, with an estimated market value of $7,206,300.

Sale prices for multifamily properties in Evansville, IN start at $75,000, averaging $211,950, 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

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
47714	$152.6K
47712	$185.2K
47710	$192.7K
47713	$371.5K
47711	$1.2M

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)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Vanderburgh County

Residential Income

Property Size Breakdown

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

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