Evansville, IN Residential Income Properties for Sale

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Updated: Jun 15

Two-Unit Duplex with Two Bedrooms

1500 S Harlan Avenue, Evansville, IN 47714

$150,000

1,400 sqft 0.15 AC lot

Duplex with two 2‑bedroom, 1‑bath units
Built in 1935
Central air cooling
Laminate flooring

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This listing looks promising.

Here's a quick look at some key insights for

1500 S Harlan Avenue, Evansville, IN 47714

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Est. Cap Rate

8.5%
Above avg (5.9%)
Est. NOI

$13K
Annual
Price @ 7% Cap

$183K
Above asking
Property Type

Row House
Built 1935

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Updated: Jul 13

Occupied Duplex Income Property

1407 Fountain Avenue, Evansville, IN 47710

$115,000

2,080 sqft 0.16 AC lot

Fully occupied duplex with Unit B currently renting for $850/month
Unit A rent was $795/month and just went vacant
Tenants are responsible for all utilities
Central air cooling
Carpet and vinyl flooring

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Brick Duplex with Off-Street Parking

112 W Louisiana Street, Evansville, IN 47710

$165,000

2,316 sqft 0.12 AC lot

Two leased units with covered porches, basements with washer/dryer hookups, gas forced-air heat, and central air.

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Fourplex with Private Entrances

818 SE Riverside Drive, Evansville, IN 47713

$264,900

2,063 sqft 0.12 AC lot

Well-maintained four-unit property with private entrances, separately metered utilities, central HVAC, and recent interior updates.

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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.

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Fully Leased Duplex With Two Units

1320 S Grand Avenue, Evansville, IN 47713

$115,000

2,800 sqft 0.11 AC lot

Two-unit duplex with separate utility metering, consisting of one 2-bedroom and one 3-bedroom unit.

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Fully Leased Duplex Investment

504 506 Adams Avenue, Evansville, IN 47713

$120,000

2,542 sqft 0.13 AC lot

Duplex with units 504 and 506 currently rented, with tenants responsible for all utilities.

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Well-Maintained Duplex with Detached Garage

610 Taylor Avenue, Evansville, IN 47713

$114,999

2,192 sqft 0.11 AC lot

Two rental units with a detached rear garage and updated one-bedroom unit support straightforward residential income use.

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Two-Story Duplex Investment

205 W Oregon St, Evansville, IN 47710

$149,900

1,650 sqft

Fully occupied two-story duplex with two separately metered units, each featuring 3 bedrooms and washer/dryer hookups.

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Duplex with Vacant One-Bedroom Unit

1800 N 6th Avenue, Evansville, IN 47710

$107,000

2,254 sqft 0.09 AC lot

Two-unit duplex in Evansville with a vacant one-bedroom unit and a leased two-story three-bedroom unit.

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Italianate Multifamily Building

702-704 SE Second Street, Evansville, IN 47713

$568,000

6,794 sqft 0.24 AC lot

Offers four apartments plus a carriage house over a two-car garage, with a new roof installed in 2025.

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Turnkey Duplex Investment

112 West Louisiana Street, Evansville, IN 47710

$165,000

2,316 sqft

Brick duplex with two leased units, each offering 3 bedrooms and off-street concrete parking.

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Updated Duplex with Off-Street Parking

4100 Claremont Avenue, Evansville, IN 47712

$229,900

2,011 sqft 0.21 AC lot

Well-maintained duplex with separate entrances, off-street parking, and recent interior and mechanical updates.

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Remodeled Duplex with Flexible Leasing

900 902 Mary Street, Evansville, IN 47710

$138,900

1,714 sqft 0.11 AC lot

Well-maintained duplex offering two 1-bedroom units, a vacant remodeled side, and a month-to-month occupied unit.

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One-Story Brick Duplex

1121 South Dexter Avenue, Evansville, IN 47714

$135,000

1,566 sqft

Two separately addressed units each offer two bedrooms and an off-street parking setup.

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Remodeled Duplex with Pole Barn

1411 W Maryland Street, Evansville, IN 47710

$169,900

2,982 sqft 0.13 AC lot

Two fully remodeled rental units with separate metering, washer/dryer hookups, and access to a 32x24 pole barn.

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Fully Occupied Duplex Investment

209 N 2Nd Avenue, Evansville, IN 47710

$105,000

966 sqft 0.06 AC lot

Fully occupied duplex with both units currently participating in Section 8, with the owner paying water.

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Duplex with Two 2BR Units

2504 2506 Negley Pl, Evansville, IN 47711

$140,000

1,250 sqft

Duplex offers two two-bedroom, one-bath units, with one unit currently rented on an in-place lease.

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Two-Unit Duplex Income Property

205 W Oregon Street, Evansville, IN 47710

$149,900

1,650 sqft 0.11 AC lot

Fully occupied duplex with two 3-bedroom, 1-bath units, separately metered utilities, and kitchen washer/dryer hookups.

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Fully Occupied Duplex Income Property

1320 S Grand Ave, Evansville, IN 47713

$115,000

2,800 sqft

Fully occupied duplex with one 2-bedroom unit and one 3-bedroom unit, with utilities separately metered to tenants.

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Fully Occupied Duplex Investment

504 506 Adams Ave, Evansville, IN 47713

$120,000

2,542 sqft

Fully occupied duplex with two rental units; tenants pay utilities for the property’s current income stream.

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Two-Unit Duplex with 2-Bed Units

507 S Evans Avenue, Evansville, IN 47713

$105,000

1,504 sqft 0.08 AC lot

Duplex with two 2-bedroom, 1-bath units, including one leased through 6/30/2026 and one vacant for immediate occupancy planning.

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Section 8 Duplex Investment

209 North 2nd Avenue, Evansville, IN 47710

$105,000

966 sqft

Fully occupied duplex with both units currently under Section 8 and the owner paying water.

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Duplex with Two 2BR Units

2504 2506 Negley Place, Evansville, IN 47711

$140,000

1,250 sqft 0.13 AC lot

Two 2-bedroom, 1-bath units, one leased through 03/31/2027, with the other currently vacant.

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Evansville, IN Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Evansville, IN, showcased through 66 active listings on our real estate platform. These investment opportunities span a total of 138,312 square feet of properties for sale, with an estimated market value of $15,836,098.

Sale prices for residential income properties in Evansville, IN start at $58,000, averaging $268,408, and reaching up to $4,900,000 — 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

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
47714	$139.1K
47710	$172.3K
47712	$185.2K
47713	$338.1K
47711	$1.2M

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)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Vanderburgh County

Residential Income

Property Size Breakdown

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

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