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501 Eric Avenue Vincennes, IN $ 1,185,000
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501 Eric Avenue
$ 1,185,000
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501 Eric Avenue

Vincennes, IN, 47591
$ 1,185,000
Bedrooms24 Baths24.0 Sq 11,784

Monthly Estimate*

$ 8,185

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Multi-Family Home for sale in Vincennes, IN

for $1,185,000 with 24 bedrooms and 24 full baths. This 11,784 square foot home was built in 1983.

12-unit townhome community in Vincennes $1,185,000. Twelve two-story 2 bed / 2 bath townhomes, each with living room, kitchen, laundry room, private entry, and its own street address (501523 Eric Ave). Brick and vinyl exteriors, metal roofs, off-street parking. Separately metered gas and electric; tenants pay all utilities including water and sewer; city trash pickup. Fully leased with long-term tenants. Gross rent $10,875/month ($130,500/year); six units already at $1,000 with clear upside on the other six. Approx. 7.3% cap on actual 2025-pay-2026 taxes ($14,080) and insurance. Minutes from Vincennes University and Good Samaritan Hospital. Financial summary available to qualified buyers. Do not disturb tenants.

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Multi-Family Active

Price

$ 1,185,000

Bedrooms

24

Full Bath

24

Property Type

Multi-Family

Taxes

$ 14,080

Style

Apartment Building

Year Built

1983

Town/City

Vincennes

County/Region

Knox

MLS | Web ID

202646359
Features
General
Heating Gas Forced Air
Cooling Central Air
Sewer City
Status Active Active
Full Baths 24
Half Baths 0
Bathrooms 24
Year Built 1983
New Construction No
Tenant Pays Cooling Electric Heating Sewer Trash Collection Water
Subdivision None
Style Two Story
Stories Count 2
Township Vincennes
Class INVESTMENT
Type Apartment Building
Age 43
Net Income 99059.18
Rent Income 130500
Features Off Street Parking
REO No
Status Detail 0
Area Knox County
High School Lincoln
City Vincennes
School District Vincennes Community School Corp.
Total Sq Ft 11784
Elementary School Vigo
Middle School Clark
Legal Description BROCKWOOD TOWNHOUSE CONDOMINIUM DEVEL I UNIT 1 2 3 4 5 6 7 8 9 10 11 12
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202646359
Agent First Name Delmar
Agent Last Name Wagler
DOM 0
Tax Year 2026
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Interior
Basement Slab
Flooring Concrete Laminate
Beds 24
Total Number of Units 12
Microwaves 0
Refrigerators 0
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 24
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 0
W/D Hookups 12
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Exterior
Exterior Brick Metal Vinyl
Pool No
Number of Parking Spaces 20
Lot Size Area 17772
Lot Dimensions 0.408
Lot Description Level
Outbuilding None
Waterfront Y/N No
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* Excluded Features
List By
Delmar Wagler

Listing Agent

Integrity Realty Group Llc

Broker

delmar@integrityrealtygroup.net

Email

Affordability Calculator

$9,358
Per Month
87%
13%
0%
Monthly Principal & Interest
$8,185
Monthly Property Taxes
$1,173
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
1237520 Elementary School
1236527 Middle School
Lincoln High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/11/2026$1,185,000 Listed Price

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501 Eric Avenue, Vincennes, IN, 47591 is a Multi-Family Home for sale at $1,185,000 with 11,784 sqft. 501 Eric Avenue has 24 bedrooms, 24.0 baths, and was built in 1983. The property's zip code is 47591 which is in Vincennes, IN

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