Triplex

Evansville, IN Triplexes for Sale

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Three-Unit Triplex
Updated: Oct 16
Three-Unit Triplex

501 N Sonntag Avenue, Evansville, IN 47712

$174,900
1,879 sqft 0.07 AC lot
Three units, each with 1 bedroom and 1 bathroom
1,879 square feet on a 0.07‑acre lot
Central air conditioning
New carpet; laminate flooring also listed
Built in 1900
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Two-Story Triplex
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
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Updated Three-Unit Apartment Building
Updated Three-Unit Apartment Building

705 N Fourth Avenue, Evansville, IN 47710

$173,333
2,540 sqft

Three-unit rental property with recent improvements and an adjoining fenced yard lot.

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See hot listings in Evansville

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
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Three-Unit Triplex
Three-Unit Triplex

500 E Franklin Street, Evansville, IN 47711

$135,000
2,538 sqft

Income property with three one-bedroom residences and partially separated utility services.

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Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Evansville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Triplex with Updated Units
Triplex with Updated Units

507 Saint Ann St., Owensboro, KY 42303

$189,900
2,505 sqft

The property combines two two-bedroom apartments with a studio, with renovations completed in the upstairs apartment and studio.

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Two-Story Triplex with Parking
Two-Story Triplex with Parking

900 E Cherry Street, Petersburg, IN 47567

$249,900
2,316 sqft 0.25 AC lot

Fully occupied three-unit property with appliances, updated kitchen cabinets, and off-street parking.

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Income-Generating Triplex Rental
Income-Generating Triplex Rental

900 E Cherry St, Petersburg, IN 47567

$249,900
2,316 sqft

Fully occupied triplex with two 2-bedroom units and one 1-bedroom unit, plus off-street parking and in-unit appliances.

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Three-Unit Apartment Property
Three-Unit Apartment Property

711 Locust St, Owensboro, KY 42301

$112,000
2,838 sqft

Multifamily property with separate apartment units, private outdoor areas, and convenient access to downtown Owensboro.

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Evansville, IN Triplexes Market Trends and Statistics

Explore 4 triplexes for sale in Evansville, IN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 9,495 square feet of properties for sale, with an estimated market value of $618,233.

Sale prices for three-family homes in Evansville, IN start at $135,000, averaging $154,558, and reaching up to $174,900 — 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

Duplexes 37
Quadplexes 11
Apartment buildings 8
Triplexes 4
Short term rental properties 3

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 $135K
47710 $173.3K

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.

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