411 3Rd St Evansville, IN 47713
This Evansville, Indiana multifamily property presents a compelling investment opportunity. The property, located at 411 SE 3rd St, is a two-story, all-brick duplex totaling 2,522 square feet on a 0.05-acre lot. Built in 1849, the property features two units. The downstairs unit boasts three bedrooms, one bath, and an enclosed back patio, currently rented for $950 per month. The upstairs unit, with two bedrooms and two baths, also includes an enclosed patio and a private balcony; it is currently vacant but commands a monthly rent of $950. Tenants are responsible for gas and electric, while the owner covers water, sewer, and trash, averaging $125 monthly when both units are occupied. The property's advantageous location near Haynie's Corner and Main Street adds to its appeal. The property's APN is 820630020050012029. This is a turnkey investment opportunity with strong rental potential. The asking price is $215,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.