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    Evansville, IN Multifamily Properties for Sale

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    Henderson, KY Newburgh, IN Chandler, IN
    30 results
    Mixed-Use Investment Portfolio
    $199,000
    2,844 SF

    Mixed-Use Investment Portfolio

    512 E Riverside Drive, Evansville, IN 47713

    Five-unit portfolio with mixed-use and residential income potential.

    • 5‑unit portfolio across three properties offering multiple income streams.
    • Mixed‑use potential with commercial space previously rented for $800/month.
    • 2‑bedroom single‑family home with long‑term tenants providing immediate rental income.
    • Duplex (514‑516 E. Riverside Dr.) with two 1‑bedroom units for steady rental potential.
    • Detached garages included with multiple properties, adding value and utility.
    Updated: Mar 19
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    Updated Victorian Multifamily Investment Property
    $585,000
    6,794 SF

    Updated Victorian Multifamily Investment Property

    702-704 SE Second Street, Evansville, IN 47713

    Updated Victorian property with income potential in Evansville's Arts District.

    • Prime location in Haynie's Corner Arts District, close to the riverfront, downtown, and more.
    • Substantial income potential with five luxury apartments generating approximately $68,000 annually.
    • Historic charm meets modern updates, including a renovated owner's unit and new roof installed in 2025.
    • Opportunity for further value‑add through renovation.
    • Includes a spacious one‑bedroom carriage house apartment above an oversized two‑car garage.
    Updated: Aug 14, 2025
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    Remodeled Duplex Investment Opportunity
    $184,900
    2,982 SF

    Remodeled Duplex Investment Opportunity

    Fully remodeled duplex with income potential in Evansville, Indiana.

    1411 W Maryland Street, Evansville, IN 47710
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    Evansville Duplex: Income-Producing Investment
    $134,900
    2,192 SF

    Evansville Duplex: Income-Producing Investment

    Well-maintained duplex in Evansville with steady cash flow.

    610 Taylor Avenue, Evansville, IN 47713
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    Evansville Duplex: Investment Opportunity
    $234,900
    2,011 SF

    Evansville Duplex: Investment Opportunity

    Well-maintained duplex in Evansville with strong cash flow.

    4100 Claremont Avenue, Evansville, IN 47712
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    Well-Maintained Duplex in Evansville
    $138,900
    1,714 SF

    Well-Maintained Duplex in Evansville

    Evansville duplex: investment or owner-occupant, remodeled unit, rental income.

    900 902 Mary Street, Evansville, IN 47710
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    Evansville Triplex Investment Opportunity
    $175,000
    2,016 SF

    Evansville Triplex Investment Opportunity

    Income-producing triplex with leases in place, great investment opportunity.

    632 S Harlan Avenue, Evansville, IN 47714
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    Downtown Landmark Building For Sale
    $2,500,000
    0.26 Acres

    Downtown Landmark Building For Sale

    Ten-story building in downtown Evansville, suitable for office or residential.

    20 NW 4th Street, Evansville, IN 47708
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    Evansville Duplex: Investment Opportunity
    $149,900
    1,650 SF

    Evansville Duplex: Investment Opportunity

    Fully occupied duplex with separately metered utilities, great investment opportunity.

    205 W Oregon Street, Evansville, IN 47710
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    Evansville Fourplex with Income Potential
    $249,900
    4,590 SF

    Evansville Fourplex with Income Potential

    Fourplex in Evansville, IN, near downtown with income potential.

    803 SE Riverside Drive, Evansville, IN 47713
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    Evansville Duplex Investment Opportunity
    $164,900
    2,064 SF

    Evansville Duplex Investment Opportunity

    Westside duplex with remodeled unit and existing leases.

    1629 Ewing Avenue, Evansville, IN 47712
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    Evansville Duplex Near Akin Park
    $129,900
    1,376 SF

    Evansville Duplex Near Akin Park

    Charming duplex near Akin Park, great investment opportunity.

    1106 Madison Avenue, Evansville, IN 47714
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    Evansville Duplex with Rental Income
    $119,000
    1,440 SF

    Evansville Duplex with Rental Income

    Fully occupied duplex in Evansville, Indiana, with positive cashflow.

    1301 N Garvin Street, Evansville, IN 47711
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    Evansville Triplex: Investor Opportunity
    $129,900
    1,460 SF

    Evansville Triplex: Investor Opportunity

    Triplex with separate entrances, meters, and ample parking.

    515 Washington Avenue, Evansville, IN 47713
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    Renovated Duplex in Evansville, IN
    $225,000
    1,376 SF

    Renovated Duplex in Evansville, IN

    Fully rented, renovated duplex with off-street parking and updated features.

    2161 Washington Avenue, Evansville, IN 47714
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    Evansville Duplex: Investor Special
    $99,900
    1,760 SF

    Evansville Duplex: Investor Special

    Duplex with income potential, spacious layouts, and backyard lot.

    1114 1116 W Illinois Street, Evansville, IN 47711
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    Newly Redeveloped Multifamily Community
    $7,000,000

    Newly Redeveloped Multifamily Community

    59-unit multifamily community in Evansville, Indiana, completed in 2025.

    301 NW 3rd St, Evansville, IN 47708
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    Historic Evansville Building with Carriage
    $1,057,000
    5,241 SF

    Historic Evansville Building with Carriage

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

    810 SE 1st St |, Evansville, IN 47713
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    Evansville Duplex: Investor Opportunity
    $99,900
    1,760 SF

    Evansville Duplex: Investor Opportunity

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

    1114 1116 W Illinois Street, Evansville, IN 47711
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    Evansville Quadplex For Sale
    $409,900
    2,186 SF

    Evansville Quadplex For Sale

    Two-building, ten-unit investment property in Evansville, Indiana.

    1217 North 2nd Avenue, Evansville, IN 47710
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    Evansville Duplex: Investment Opportunity
    $125,000
    1,116 SF

    Evansville Duplex: Investment Opportunity

    Eastside Evansville duplex, ideal for investors, month-to-month lease.

    1031 & 1033 MacArthur Circle, Evansville, IN 47714
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    Evansville Duplex with Rental Income
    $89,900
    2,056 SF

    Evansville Duplex with Rental Income

    Duplex in Evansville, Indiana, with potential rental income.

    1416 1418 W Eichel Avenue, Evansville, IN 47710
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    Downtown Evansville Apartment Building
    $185,000
    3,553 SF

    Downtown Evansville Apartment Building

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

    1 Adams Ave, Evansville, IN 47713
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    Updated Italianate Property in Evansville
    $585,000
    6,794 SF

    Updated Italianate Property in Evansville

    Historic property with modern updates and income potential.

    702-704 Southeast 2nd Street, Evansville, IN 47713
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    Evansville, IN Multifamily Properties Investment Opportunities Market Analysis

    Explore 58 multifamily properties for sale in Evansville, IN, showcased through 30 active listings on our real estate platform. These investment opportunities span a total of 138,612 square feet of properties for sale, with an estimated market value of $16,575,700.

    Sale prices for multifamily properties in Evansville, IN start at $89,900, averaging $613,914, and reaching up to $6,049,000 — 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

    Duplexes 14
    Apartment buildings 8
    Quadplexes 5
    Triplexes 2
    Mobile home & RV parks 1

    Property Size Breakdown

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

    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 median listing prices of real estate assets

    Neighborhood Average Price
    47714 $163.7K
    47710 $194.7K
    47712 $208.6K
    47713 $390.7K
    47711 $1.5M

    Taxes & Financing

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

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    Most Searched ZIP Codes in Evansville, IN

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

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