Duplex & Multi Family For Sale in 47701, IN

Brick duplex with newer metal roof. Both sides offer two bedrooms and one bath, large primary bedroom with walk-in closet, kitchen with dining area, utility room with washer and dryer hook ups and off street parking in concrete driveway.

Great investment opportunity on Evansville’s West Side! This triplex features three separate units, each offering 1 bedroom and 1 bathroom. The units have been cleaned, and have new carpet. Conveniently located near popular West Side shopping, dining, and everyday amenities, this property offers excellent potential for investors looking to expand their portfolio or generate rental income. Don’t miss the opportunity to own a multi-unit property in a convenient location!

This west side four-plex is an awesome investment opportunity in today's real estate market. The building offers four 2 BR/ 1 bath apartments with separate utilities except water. Each unit has central A/C and heat with a stove and refrigerator. Three units have washer & dryer hook-up (one has a washer& dryer), all with 100 amp services. The units also have all new wiring and mostly new plumbing. Units are all well insulated and have newer HVAC services as well. Roof is only 2 yrs old! Owner pays water & trash pick-up. Over a 90% occupancy rate for the past 20 years with current rent income at $2375 monthly. Good profit, loyal renters, great business.

Each property is a two-bedroom, two-bath, ranch-style duplex on a slab with washer and dryer connections.

Each property is a two-bedroom, two-bath, ranch-style duplex on a slab with washer and dryer connections.

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.

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.

Triplex now available featuring 3 one bedroom units. Utilites are separated except water, sewer and trash.

Presenting a fantastic investment opportunity with this fully occupied four plex located on the west side of Evansville. The owner currently covers all utilities, simplifying the management process. With professional management in place, this turnkey property requires minimal effort from the new owner while providing steady returns. This quadplex offers an ideal addition to your investment portfolio.

Rare opportunity to purchase three properties on one parcel—509, 509.5 and 511 SE First Street—offered 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% occupancy 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.

Well-maintained all-brick duplex conveniently located just off US 41 in Evansville. Each unit offers 2 bedrooms and 1 full bath and is currently tenant-occupied, providing immediate rental income. Numerous updates have been completed within the past five years, enhancing the property's overall condition and appeal. Tenants are responsible for all utilities, resulting in lower operating expenses for the owner. Excellent opportunity to add a turnkey investment property to your portfolio.

Income-Producing Duplex – Great Investment Opportunity! Each unit is 1 bed 1 bath. Don't miss this mostly updated duplex offering immediate income potential! One unit is currently occupied, while the second unit is vacant and ready for a new tenant or owner-occupant. The downstairs unit is currently rented for $725 per month, the upstairs is currently being marketed at $640 per month to lease quickly. Major mechanical updates provide peace of mind, with the A/C units, furnaces, water heaters, and several windows all replaced within the last two years. The lower unit also features the added convenience of basement access, offering additional storage space. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this duplex offers excellent value and strong cash-flow potential.

Great investment opportunity! Fully rented duplex situated on a corner lot. Tenants are responsible for all utilities and trash. Lease has recently been signed/renewed for a one-year term, providing immediate rental income and stability for the next owner. Home to be sold as-is.

Investment Opportunity, fully occupied duplex. Bot units are on section 8 currently. Owner pays water, tenants pay all other utilities.

Duplex ready for the next investor! Unit A is a one bedroom is a one bedroom unit now vacant and was renting for $525 per month. Unit B is a 3 bedroom unit on back side and is a two story unit. Unit B is renting for $795 per month, with lease in currently month to month.

Attention all investors! Check out this fully occupied duplex. Unit A Rents was renting for $795 per month, just went vacant. Unit B is currently renting for $850.00 Tenants are responsible for all utilites.

Welcome to this beautifully fully rented and renovated duplex on Washington Avenue. Each unit is a one bedroom, one bathroom. The property offers off street parking with a large driveway. Washer and Dryer hook-up is available. The property has been well maintained and updated including new flooring, windows, and appliances.

Investment property. Stripped out, fire restoration has been completed. Detached garage was not affected by fire.

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.

Investment opportunity! This duplex features two 2-bedroom, 1-bath units, offering strong income potential for investors or owner-occupants alike. Live in one unit and rent the other, or maximize cash flow by leasing both. Conveniently located and ready for its next owner, this property is a great addition to any real estate portfolio.

Investor opportunity! This duplex features two 2-bedroom, 1-bath units. Unit A is currently rented for $795/month with a lease in place through 6/30/2027, Unit B is rented with a lease in place until 2028 Add this income-producing property to your portfolio and start building cash flow today.

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.

Four unit apartment complex, fully rented. All kitchen appliances included. Off street parking and street parking available. Close to shopping and schools. City bus stop located right on the corner.

Great duplex investment opportunity on the northwest side of Evansville. Both units have been fully remodeled with updated finishes throughout. Unit A is a 4bd/2ba unit featuring washer and dryer hookups, access to a 32x24 pole barn, and is currently rented for $1,395/month. Unit B is a 1bd/1ba unit with a front porch and is currently rented for $650/month. Utilities are separately metered, with tenants paying water, sewer, trash, and electric. Owner is responsible for taxes, lawn maintenance, and maintenance. Total gross monthly income is $2,045.

Attention Investors! Are you looking for a performing and remodeled 4 unit apartment building in downtown Evansville? This is it! This building has been remodeled in the past 2 years. Roof - 1 Year old | All HVAC's - 2 Years old | All Water heaters - 2 years old | Windows, doors, flooring (LVP), kitchens, bathrooms, lights, paint, trims, and more, all within the past 2 years! Tenant pays for electric and gas The landlord pays for water/sewer/trash. Each unit is individually plumbed in the basement, so you can take over and install sub-meters to bill water directly to the tenant if you want to. Total Current Rent $3,040/m | Unit A - $765/m - Market rent is $775-800 | Unit B - $725/m - Market rent is $775-800 | Unit C - $775/m | Unit D - $775/m

Great duplex investment opportunity on the Westside. Upstairs unit was fully remodeled in 2024. Upstairs unit (unit B) currently leased for $860. Lease expires 2/21/2027. Lower unit (unit A) rented for $675, lease up 10/17/2027. Electric is metered separately for each unit, while water is shared. Both units are occupied.

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.