1219 Louisiana St Evansville, IN 47711
This exceptional investment opportunity encompasses three income-generating properties in Evansville, Indiana, totaling 8,276 square feet on a 0.19-acre lot. The portfolio includes 1219 E Louisiana St and 1217 E Louisiana St, generating a combined monthly income of $2350, and 910 W Illinois St, producing $575 monthly. The properties are situated on a single lot, identified by APN 82-06-21-033-019.005-029, and are conveniently located in Evansville, Vanderburgh County, Indiana, with the address 1219 E Louisiana St, zip code 47711. Built in 1935, this single-story structure offers significant potential for investors seeking a strong return. The asking price is $249,000, translating to a price per square foot of $30.09. This represents a compelling opportunity to acquire a well-established, multi-property retail portfolio in a desirable location. The properties are currently generating a consistent income stream, making this an attractive investment for both seasoned and emerging investors. The combined monthly rental income provides a solid foundation for future growth and potential appreciation. This is a turnkey investment ready for immediate income generation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.