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Property profile

411 3Rd St Evansville, IN 47713

OFF-MARKET
Residential income homes
Property ID
US31-1204647
2,522 SF 0.05 ac lot Built 1849
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Residential income homes
Year built 1849
Total area 2,522 SF
Lot 0.05 ac (2,178 SF)
UPID US31-1204647

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

411 3Rd St Evansville, IN 47713
Evansville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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