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1224 N First Avenue

Evansville, IN 47710
  • $180,000
  • STATUS: Active
  • ON SITE: 66 Days
  • MLS #: 202505014
UPDATED: 52 min ago
$180,000
  • 4
    BEDS
  • 0.08
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,986
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1904
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided by Cathie Spalding of Pinnacle Realty Group: Cell: 812-449-1005.

Description

Attention investors, this 5 unit building with a parking lot on a corner offers steady income in a convenient location right on First Ave. Curretnly offers Four one bedroom units and a efficiency, and a parking lot. With easy access to Diamond Ave and north side shopping. Some updates made by current owner, 4 units are currently rented out with 1 vacant and ready for some TLC for more income.

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© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2025-04-25T17:28:36.843.

www.housesinfortwayne.com/homes/160618193
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1224 N First Avenue Evansville, IN 47710

  • Price: $180,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 52 min ago
  • MLS #: 202505014
4
Beds
5
Baths
0
½ Baths
0.08
Acres
2,986
SQFT
$60
$/SQFT
1904
Built
Neighborhood:
None
County:
Vanderburgh
Area:
Vanderburgh
Elementary School:
Cedar Hall
Middle School:
Cedar Hall
High School:
Central
School District:
Evansville-Vanderburgh School Co
Property Description
Attention investors, this 5 unit building with a parking lot on a corner offers steady income in a convenient location right on First Ave. Curretnly offers Four one bedroom units and a efficiency, and a parking lot. With easy access to Diamond Ave and north side shopping. Some updates made by current owner, 4 units are currently rented out with 1 vacant and ready for some TLC for more income.
Exterior Features

Exterior Wood Lot Description Corner Lot Dimensions 0x0 Outbuilding None Parking Spaces 5 Pool YN No Style Two Story Waterfront YN No

Interior Features

Above Grade Bedrooms 4 Above Grade Finished Sqft 2986 Above Grade Unfin Sq Ft 0 Amenities Off Street Parking Basement Foundation Crawl Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Window Dishwashers 0 Disposals 0 Dryers 0 Flooring CarpetTile Heating Fuel Forced Air Main Level Sq Ft 1595 Microwaves 0 Ranges Ovens 4 Refrigerators 4 Rooms Below Grade 0 Total Baths 5 Total Below Grade Sqft 0 Total Sq Ft 2986 Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit2 Bathrooms 1 Unit2 Bedrooms 1 Unit3 Bathrooms 1 Unit3 Bedrooms 0 Unit4 Bedrooms 1 Upper Level Sq Ft 1391 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 6238.48 Annual Fuel Expense 0 Annual Gross Rent 32940 Annual Insurance Expense 4088 Annual Maint Expense 720 Annual Misc 0 Annual Net Income 14470.81 Annual Property Tax 2383 Annual Trash Expense 0 Annual Water Sewer Exp 5039.71 Assoc Dues Frequency Not Applicable Auction Y / N No Efficiencies 1 For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 2745 Gross Monthly Rent 2745 Lease Term 1 Year New Construction No One Bedrooms 4 Owner Pays ElectricLawn MaintenanceSewerTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Fiveplex Reo YN No Sale Includes BuildingLandLease Sewer City Tenant Pays CableNone Three Bedrooms 0 Township Pigeon Two Bedrooms 0 Unit1 Unit Rent 795 Unit1- Currently Rntd Y / N Yes Unit2 Unit Rent 775 Unit3 Unit Rent 375 Unit3- Currently Rntd Y / N Yes Unit4 Unit Rent 800 Unit4- Currently Rntd Y / N Yes Units Rented 4 Water Utility City Year Taxes Payable 2024

Listing provided by Cathie Spalding of Pinnacle Realty Group: Cell: 812-449-1005.

© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty.


© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2025-04-25T17:28:36.843.

 
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Barnes Real Estate Services | North Eastern Group Realty
10808 La Cabreah Ln
Fort Wayne IN, 46845
Listing provided by Cathie Spalding of Pinnacle Realty Group: Cell: 812-449-1005.