Listing
$499,900
613 61••••• N Fulton Ave (Sign up for 50 free credits to unlock)Evansville, IN 47710
Property Description
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.
Property Facts & Features
- Property Type
- Multi Family
- Status
- Active
- Listed
- Jun 10, 2026
- Price per Sq Ft
- $98/sqft
- ZIP Code
- 47710
- Full Baths
- 10
- Stories
- 2
- Cooling
- Window
- Property Tax (2020)
- $1,820/yr
- Assessed Value
- $83,800
- Last Sold
- $84,015 · Feb 29, 2016
- Neighborhood
- Evansville North Side
- County
- Vanderburgh
- School District
- Evansville Vanderburgh Sch Corp
Estimated Value
Automated estimate. Not an appraisal.
Features & Amenities
Bedrooms
- Bedrooms: 10
Bathrooms
- Total Bathrooms: 10
- Full Bathrooms: 10
Land Info
- Lot Description: City/Town/Suburb, Level
- Lot Size Acres: 0.14
- Lot Size Dimensions: 50
- Lot Size Square Feet: 6098
- Wooded Area: 1
Utilities
- Electric: CenterPoint Energy
- Sewer: City, Public
- Water Sewer Expense: 4100
Rental Info
- Lease Term: Month to Month,1 Year
- Tenant Pays: Electric, Sewer, Water
Commercial Info
- Net Operating Income: 53327.72
Multi-Unit Info
- Number of Units: 10
- Number of 1 Bedroom Units: 10
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 1
- Bedrooms in Unit-3: 1
- Bedrooms in Unit-4: 1
- Bedrooms in Unit-5: 1
- Bedrooms in Unit-6: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-6: 1
- Unit 1 Total Actual Rent: 595
- Unit 2 Total Actual Rent: 595
- Unit 3 Total Actual Rent: 595
- Unit 4 Total Actual Rent: 595
- Unit 5 Total Actual Rent: 595
- Unit 6 Total Actual Rent: 595
Interior Features
- Flooring: Carpet, Vinyl
Garage and Parking
- Parking Total: 5
School Information
- Elementary School: Lincoln
- High School: Central
- Middle School: Lincoln
- School District: Evansville-Vanderburgh School Co
Heating and Cooling
- Cooling Features: Window
- Heating Fuel: Forced Air
Other Property Info
- Annual Tax Amount: 2100
- Source Listing Status: Active
- County: Vanderburgh County
- Directions: From Lloyd Expressway head north on Fulton Ave Property is located on the right.
- Tax Year: 5012
- Inclusions: Building,Land
- Insurance Expense: 2100
- Area: Vanderburgh County
- Source Neighborhood: Vanderburgh County
- Number of Separate Electric Meters: 10
- Number of Separate Water Meters: 1
- Owner Pays: Building Insurance, Lawn Maintenance, Tax, Trash Collection
- Parcel Number: 82-06-19-029-093.007-029
- Township: Pigeon
- Trash Expense: 3800
- Property Subtype: Apartment Building
Building and Construction
- Total Square Feet Living: 5105
- Year Built: 1900
- Above Grade Finished Area: 5105
- Building Exterior Type: Block, Brick
- Property Age: 126
- Levels or Stories: 2
- House Style: Two Story
- Total Area Sqft: 5105
Amenities and Community Features
- Ceiling-9+
Location
Lat 37.98368 · Lng -87.58094