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    Evansville, IN Multifamily Properties for Sale

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    Duplex with Central Air
    Updated: Jul 13
    Duplex with Central Air

    1800 N 6th Avenue, Evansville, IN 47710

    $102,000
    2,254 sqft 0.09 AC lot
    2,254‑square‑foot duplex on a 0.09‑acre lot
    Two separate residences with one‑bedroom and three‑bedroom layouts
    Unit A is currently vacant
    Unit B is a two‑story, three‑bedroom unit leased month to month
    Central air conditioning with laminate and carpet flooring
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    Updated Fourplex With Private Entrances
    Updated: Jun 14
    Updated Fourplex With Private Entrances

    818 SE Riverside Drive, Evansville, IN 47713

    $249,900
    2,063 sqft 0.12 AC lot
    Four‑unit residential property totaling 2,063 square feet
    Each unit has a private entrance, tall windows, and included appliances
    Central heating and air conditioning serve all four units
    Separate gas and electric meters for each unit
    Fresh paint, updated flooring, newer appliances, and modern finishes added within the past two years
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    Duplex with Separate Metering
    Duplex with Separate Metering

    1320 S Grand Avenue, Evansville, IN 47713

    $115,000
    2,800 sqft 0.11 AC lot

    Fully occupied property with two residential units and tenant-paid utilities.

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    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    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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    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 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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    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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    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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    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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    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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    11-Unit Apartment Portfolio
    11-Unit Apartment Portfolio

    509 SE First 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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    Two-Story Quadplex
    Two-Story Quadplex

    1419 Cumberland Avenue, Evansville, IN 47712

    $129,900
    3,502 sqft 0.25 AC lot

    Fully occupied four-unit residential income property with off-street parking and professional management in place.

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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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    Mixed-Use Property with Apartment Units
    Mixed-Use Property with Apartment Units

    1125 N Main St, Evansville, IN 47711

    $145,000
    3,539 sqft

    Flexible commercial layout with office suites, residential units, separate entrances, and adjacent vacant lots.

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

    1629 Ewing Avenue, Evansville, IN 47712

    $159,900
    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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    Brick Ranch-Style Fourplex
    Brick Ranch-Style Fourplex

    301-307 Negley Ave, Evansville, IN 47711

    $179,900
    1,925 sqft

    Fully occupied four-unit property with separate electric and gas meters, replacement windows, and on-site parking.

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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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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    803 SE Riverside Dr, Evansville, IN 47713

    $224,900
    4,590 sqft

    Quadplex with three occupied units and proximity to downtown Evansville destinations.

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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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    Four-Unit Apartment Building
    Four-Unit Apartment Building

    309 E Michigan St, Evansville, IN 47711

    $173,333
    2,564 sqft

    Professionally managed rental property with separate heating and water-heating equipment for each apartment.

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    Brick Duplex with Basement
    Brick Duplex with Basement

    112 W Louisiana Street, Evansville, IN 47710

    $149,000
    2,316 sqft 0.12 AC lot

    Two leased residences provide separate living areas, central air, and off-street concrete parking.

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    Remodeled 4-Unit Apartment Building
    Remodeled 4-Unit Apartment Building

    800 Line St, Evansville, IN 47713

    $300,000
    2,948 sqft

    Updated interiors and major building systems support continued apartment use.

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    Two-Unit Duplex With Garage
    Two-Unit Duplex With Garage

    610 Taylor Avenue, Evansville, IN 47713

    $114,999
    2,192 sqft 0.11 AC lot

    Two-story residential income property with one recently updated unit and a detached rear garage.

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    Evansville, IN Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Evansville, IN, showcased through 61 active listings on our real estate platform. These investment opportunities span a total of 176,138 square feet of properties for sale, with an estimated market value of $11,713,164.

    Sale prices for multifamily properties in Evansville, IN start at $89,900, averaging $198,528, 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 40
    Quadplexes 11
    Apartment buildings 8
    Short term rental properties 3
    Triplexes 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 $124.9K
    47711 $140.9K
    47710 $144.4K
    47714 $152.5K
    47713 $288.8K

    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.

    How Realmo verifies these figures

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    Popular Searches in Evansville, IN

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    Most Searched ZIP Codes in Evansville, IN

    • 47710
    • 47713
    • 47711
    • 47712
    • 47714
    • 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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