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509 SE First Street Evansville, IN $ 895,000
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509 SE First Street
$ 895,000
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509 SE First Street

Evansville, IN, 47713
$ 895,000
Bedrooms15 Baths11.0 Sq 8,327

Monthly Estimate*

$ 5,651

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509 SE First Street, Evansville, IN 47713 - Image 13
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Multi-Family Home for sale in Evansville, IN

for $895,000 with 15 bedrooms and 11 full baths. This 8,327 square foot home was built in 1919.

Rare opportunity to purchase three properties on one parcel509, 509.5 and 511 SE First Streetoffered together with a total of 11 doors. Located in Evansville's Historic District, the properties offer convenient access to Downtown Evansville, the riverfront and nearby amenities. Currently at 90% vacancy rate. The portfolio has seen several recent improvements, including a newer roof at 509.5 and a recently replaced roof and soffits at 511. A great opportunity for an investor looking to add multiple doors to their portfolio in an established Evansville location and is currently professionally managed.

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Multi-Family Active

Price

$ 895,000

Bedrooms

15

Full Bath

11

Property Type

Multi-Family

Taxes

$ 12,432

Style

Apartment Complex

Year Built

1919

Town/City

Evansville

County/Region

Vanderburgh

MLS | Web ID

202631399
Features
General
Heating Gas Forced Air
Cooling Central Air
Sewer City
# of Buildings 3
Status Active Active
Full Baths 11
Half Baths 0
Bathrooms 11
Year Built 1919
New Construction No
Tenant Pays Cable Cooling Electric Heating
Subdivision None
Style Other
Stories Count 2
Township Pigeon
Class INVESTMENT
Type Apartment Complex
Age 107
Net Income 92603.47
Rent Income 105036
Features Off Street Parking Foyer Entry
REO No
Status Detail 0
Area Vanderburgh County
Location Historic District
High School Francis Joseph Reitz
City Evansville
School District Evansville-Vanderburgh School Co
Total Sq Ft 8327
Elementary School West Terrace
Middle School Perry Heights
Legal Description UPPER ENL LOT 27 & 1/2 LOT 2
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202631399
Agent First Name Ashley
Agent Last Name Riordan-Elpers
DOM 0
Tax Year 2026
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Interior
Basement Partial Basement
Flooring Laminate Wood
Beds 15
Total Number of Units 11
Microwaves 0
Refrigerators 0
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 15
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 0
W/D Hookups 0
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Exterior
Exterior Brick Wood
Pool No
Number of Parking Spaces 2
Lot Size Area 16988
Lot Dimensions 112.5 x 150
Lot Description Level Historic Designation
Outbuilding None
Waterfront Y/N No
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* Excluded Features
List By
Ashley Riordan-Elpers

Listing Agent

Rental Property Realty

Broker

ashley@rpmresults.com

Email

Affordability Calculator

$6,687
Per Month
85%
15%
0%
Monthly Principal & Interest
$5,651
Monthly Property Taxes
$1,036
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1237073 Elementary School
1236521 Middle School
Francis Joseph Reitz High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/3/2026$895,000 Listed Price

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509 SE First Street, Evansville, IN, 47713 is a Multi-Family Home for sale at $895,000 with 8,327 sqft. 509 SE First Street has 15 bedrooms, 11.0 baths, and was built in 1919. The property's zip code is 47713 which is in Evansville, IN

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