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$173,333
4 Beds 3 Baths 202637033 MLS 2,540 SqFt. Mark Albini
Investment opportunity!! Multi-Family Apartment Package Deal! 11 Total Units! 705 707 N Fourth Ave, Evansville, IN is part of a package deal with 309 E Michigan St, Evansville, IN & 324 E Moore St, Boonville, IN for a total of $520,000.00. 705 707 N Fourth Ave is a 3 unit apartment building. These are all tenant occupied rental properties that are professionally managed. The photos are when the property was vacant to keep the privacy of the tenants. Apartment 705 (downstairs) - $650/month | Apartment 707 (downstairs) - $740/month | Apartment 705 #A (upstairs) - Currently Vacant/For Rent(estimated market rent $675/month) 705 - Tenant pays for Electric. Landlord pays for Water/Sewer/Trash 705 #A - Tenant pays for Electric. Landlord pays for Water/Sewer/Trash 707 - Tenant pays for Electric and Water/Sewer/Trash This also includes vacant lot to the N of the property. This lot is within the fenced in area of the apartment and considered the yard. The address for the lot is 709 N Fourth Ave, Evansville, IN Parcel # 82-06-19-029-102.007-029 | This building has many new upgrades within the past 3 years, such as new windows, roof, exterior doors, flooring, bathrooms, paint, and much more.

705 707 N Fourth Ave, Evansville

Listing courtesy of Mark Albini from eXp Realty, LLC. cell: 812-266-0536

$173,333
4 Beds 4 Baths 202637032 MLS 2,564 SqFt. Mark Albini
Investment opportunity!! Multi-Family Apartment Package Deal! 11 Total Units! 309 E Michigan St, Evansville, IN is part of a package deal with 705 707 N Fourth Ave, Evansville, IN & 324 E Moore St, Boonville, IN for a total of $520,000.00 309 E Michigan St is a 4 unit apartment building. These are all tenant occupied rental properties that are professionally managed. The photos are when the property was vacant to keep the privacy of the tenants. Apartment 1 - $480/month | Apartment 2 - $654.50/month | Apartment 3 - Currently Vacant/For Rent(estimated market rent $525/month) | Apartment 4 - $650/month Landlord pays for Water/Sewer/Trash. Tenants pay for their own electric and gas. Each unit has their own furnace and water heater.

309 E Michigan St, Evansville

Listing courtesy of Mark Albini from eXp Realty, LLC. cell: 812-266-0536

$345,000
3 Beds 4 Baths 202634411 MLS 7,820 SqFt. David Woods
Amazing investment property with 7,820 square feet under roof. Fully fenced 1.8 acres in Scott Township. Property includes a single family home containing 1,497 sq ft with 2 bedrooms 2 baths, partial basement; home has the potential to rent at approximately $1,200 per month. Includes all kitchen appliances. A second building has approximately 2,123 sq ft of finished space. This second building has a one bedroom apartment that has the potential to rent out for $800 per month. Includes all kitchen appliances. There are also storage rooms, utility rooms and a breakroom. Attached to the second building is a huge 60X70, 4,200 sq ft concrete block garage (this garage was once used at a machine shop and then as pottery shop). There is also a 24X12 storage building behind the garage. Property is zoned R3 and any sale would not be subject to rezoning. The second building has 240V 3 phase 400 amp service, but not warranted.

721 Radio Ave, Evansville

Listing courtesy of David Woods from Fathom Realty IN, LLC. Cell: 812-568-0953

$135,000
4 Beds 2 Baths 202621383 MLS 1,566 SqFt. Keith 'Brad' Hocker
One-story brick duplex offered as one property, consisting of two separately addressed units: 1121 S Dexter Ave and 2916 Jefferson Ave. Each unit features 2 bedrooms and 1 full bath. The 1121 S Dexter Ave unit offers hardwood floors, neutral paint, a spacious living room, kitchen with range and refrigerator, laundry/utility area, ample closet storage, and an updated bath with tub/shower combo. Exterior features include a corner-lot setting, painted-brick exterior, covered entries, and off-street parking. Conveniently located near Washington Ave, Vann Ave, and Dexter Elementary. Great opportunity for an investor or owner-occupant seeking a duplex with rental-income potential. Property is being sold AS IS. Seller will make no repairs or concessions. Buyers are encouraged to complete all desired inspections and due diligence before submitting an offer.

1121 S Dexter Ave, Evansville

Listing courtesy of Keith 'Brad' Hocker from eXp Realty, LLC. Cell: 270-570-3994

$99,900
3 Beds 2 Baths 202539802 MLS 1,760 SqFt. Tonia Stofleth
Investor Special! Built in 1916, this duplex offers great potential with classic charm and spacious layouts. The main level unit features 2 bedrooms, 1 full bath, plus access to the basement with storage and laundry area. The upstairs unit includes 1 bedroom and 1 full bath, with the possibility of being converted into a 2-bedroom unit for increased rental income. Each unit is approximately 880 sq. ft., with an additional 220 sq. ft. basement. Property sits on a nice backyard lot, accessible from the alley. This property is ideal for investors or anyone looking to add value with updates and improvements. With some TLC, this duplex could be a strong income-producing property. To be sold As-Is, Where-Is. Seller will make no repairs.

1116 W Illinois St, Evansville

Listing courtesy of Tonia Stofleth from KELLER WILLIAMS CAPITAL REALTY. Cell: 812-598-6723

$568,000
9 Beds 6 Baths 202532171 MLS 6,794 SqFt. Philip Hooper
In the heart of Evansville’s Haynie’s Corner Arts District, between the riverfront and downtown, this beautifully updated Italianate property blends mid-19th-century character with modern investment appeal. Originally built circa 1850, it now offers four luxury apartments plus a spacious one-bedroom carriage house apartment above an oversized two-car garage. Together, these units generate approximately $68,000 in annual gross rent. The right-side owners’ unit underwent a complete renovation and brick addition circa 2010, featuring quality finishes & tile, wood & hard surface flooring, and luxury details that shine today. A new roof was installed in 2025. The left side of the duplex presents a rare opportunity for transformation—ideal for a large two or three bedroom townhome conversion or additional rental space. All of this is just steps from neighborhood festivals, local dining, and the medical school campus. Properties with this combination of historic curb appeal, updated systems, income potential, and prime location are rare in Evansville’s core. Showings by accepted offer only, to respect tenant privacy, it’s time to grow your portfolio today.

702-704 Se Second St, Evansville

Listing courtesy of Philip Hooper from Berkshire Hathaway HomeServices Indiana Realty. Cell: 812-618-5000

$259,900
4 Beds 4 Baths 202623350 MLS 2,063 SqFt. Shea Fleck
Expand your investment portfolio with this well-maintained fourplex ideally located in the heart of the Historic District, just steps from Haynie’s Corner. Each unit offers private entrances, tall windows, abundant natural light, and included appliances. Gas and electric are separately metered for each unit, while the owner covers water, sewer, and trash service. All four units feature central heating and air conditioning, along with separate newer water heaters. Extensive updates completed within the past two years include fresh paint, updated flooring, newer appliances, and modern finishes throughout, making this a turnkey investment opportunity in a highly desirable location.

818 Se Riverside Dr, Evansville

Listing courtesy of Shea Fleck from KELLER WILLIAMS CAPITAL REALTY. cell: 812-639-3950

$149,000
6 Beds 3 Baths 202627326 MLS 2,316 SqFt. Andrew Bowlds
Duplex rented for $2,200 per month. Turnkey investment opportunity in Evansville! Unit A (main level) offers 3 bedrooms, 2 full baths, a spacious living room, and an enclosed porch. Unit B features 3 bedrooms, 1 bath, a living room, and a private rear entry with deck. Both units are currently leased, generating $2,200/month ($26,400/year) in gross rental income. A durable brick exterior, full basement with washer/dryer hookups, gas forced-air heat, central air, and off-street concrete parking make this a low-maintenance addition to any portfolio. Conveniently located near shopping, dining, and downtown Evansville. Don't miss this move-in-ready income producer.

112 W Louisiana St, Evansville

Listing courtesy of Andrew Bowlds from Euphoric Development Partners. Office: 812-598-2737

$499,900
10 Beds 10 Baths 202622893 MLS 5,105 SqFt. Jeremy Outlaw
Turn-key investment opportunity! This well-maintained two-story 10-plex features ten 1 bed / 1 bath units, with 9 of the 10 units already updated—offering immediate cash flow from day one. The property has seen major recent improvements, including a brand-new roof installed within the past 2 months. Each unit is separately metered for electric, with tenants responsible for their own usage, helping keep operating costs low. All tenants have been switched over to RUBS for water and sewer, providing additional income upside. The property also offers some off-street and on-street parking, a valuable amenity for tenants. With strong in-place rents, minimal deferred maintenance, and additional value-add potential through RUBS, this is an ideal addition to any investor’s portfolio.

613 615 N Fulton Ave, Evansville

Listing courtesy of Jeremy Outlaw from Catanese Real Estate.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.