Evansville, IN Residential Income Properties for Sale

List

Map

Newburgh, IN Henderson, KY Chandler, IN Darmstadt, IN Harrodsburg, KY Mount Vernon, IN Elberfeld, IN Boonville, IN

71 properties

Sort:

Updated: Aug 11

Two-Story Quadplex

1419 Cumberland Avenue, Evansville, IN 47712

$129,900

3,502 sqft 0.25 AC lot

Four‑unit quadplex with all units occupied
3,502 square feet on a 0.25‑acre lot
Built in 1893 with two‑story construction
Owner currently covers all utilities
Professional management in place

View details

Updated: Aug 10

Two-Story Triplex

500 E Franklin Street, Evansville, IN 47711

$135,000

2,538 sqft 0.11 AC lot

Three one‑bedroom units
2,538 square feet on a 0.11‑acre parcel
Utility service separated except water, sewer, and trash
Built in 1864
Central air conditioning

View details

Duplex with Central Air

1800 N 6th Avenue, Evansville, IN 47710

$102,000

2,254 sqft 0.09 AC lot

Two-unit property with a vacant one-bedroom residence and a leased three-bedroom residence.

View details

See what stands out in Vanderburgh County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

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.

View details

Updated Fourplex With Private Entrances

818 SE Riverside Drive, Evansville, IN 47713

$259,900

2,063 sqft 0.12 AC lot

Four residential units include appliances, central heating and air conditioning, and separate gas and electric meters.

View details

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.

View details

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

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.

View details

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.

View details

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.

View details

Updated Duplex with Private Entrances

4100 Claremont Avenue, Evansville, IN 47712

$229,900

2,011 sqft 0.21 AC lot

Ranch-style duplex with separate living areas, off-street parking, and recent improvements across both units.

View details

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.

View details

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.

View details

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.

View details

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.

View details

Two-Unit Duplex Property

1500 S Harlan Avenue, Evansville, IN 47714

$150,000

1,400 sqft 0.15 AC lot

Single-story residential income property with central air and laminate flooring throughout.

View details

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.

View details

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.

View details

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.

View details

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.

View details

Two-Story Mixed-Use Property

1125 N Main Street, Evansville, IN 47711

$145,000

3,539 sqft

Flexible commercial layout with separate residential units and off-street parking.

View details

Historic Evansville Building with Carriage

810 SE 1st St, Evansville, IN 47713

$1,057,000

5,241 sqft

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

View details

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.

View details

Brick Duplex with Two Units

112 W Louisiana St, Evansville, IN 47710

$149,000

2,316 sqft

Both residences are leased, with distinct layouts, basement laundry hookups, central air, and off-street concrete parking.

View details

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.

View details

Evansville, IN Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Evansville, IN, showcased through 71 active listings on our real estate platform. These investment opportunities span a total of 193,597 square feet of properties for sale, with an estimated market value of $13,068,125.

Sale prices for residential income properties in Evansville, IN start at $58,000, averaging $192,178, 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.

List

Map

Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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
47711	$123.3K
47712	$137.8K
47710	$139.5K
47714	$164.2K
47713	$292.5K

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.

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings