Listing
$197,000
1908 W••••• Indiana St (Sign up for 50 free credits to unlock)Evansville, IN 47712
Property Description
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.
Property Facts & Features
- Property Type
- Multi Family
- Status
- For Sale
- Listed
- Sep 17, 2026
- Price per Sq Ft
- $50/sqft
- ZIP Code
- 47712
- Full Baths
- 4
- Stories
- 2
- Parking
- Gravel, Street
- Cooling
- Central Air
- Style
- Foursquare
- Property Tax (2020)
- $1,101/yr
- Assessed Value
- $51,500
- Neighborhood
- Lamasco
- County
- Vanderburgh
- School District
- Evansville Vanderburgh Sch Corp
Estimated Value
Automated estimate. Not an appraisal.
Features & Amenities
Bedrooms
- Bedrooms: 8
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Land Info
- Lot Description: City/Town/Suburb, Level
- Lot Size Acres: 0.136
- Lot Size Dimensions: 50 x 119
- Lot Size Square Feet: 5950
Utilities
- Electric: CenterPoint Energy
- Gas: CenterPoint Energy
- Sewer: City
- Water Sewer Expense: 2788
Other Rooms
- Basement Features: Brick
- Basement Description: Partial Basement,Unfinished,Outside Entrance
Rental Info
- Lease Term: 1 Year,Renewal Options
- Tenant Pays: Cable, Electric, Heating
Home Features
- Green Energy Efficient: HVAC, Insulation
Commercial Info
- Net Operating Income: 21451
Multi-Unit Info
- Number of Units: 4
- Number of 1 Bedroom Units: 2
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 2
- Bedrooms in Unit-4: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Rooms in Unit-1: 5
- Total Rooms in Unit-2: 5
- Total Rooms in Unit-3: 5
- Total Rooms in Unit-4: 5
- Unit-1 Square Feet: 992
- Unit-2 Square Feet: 992
- Unit-3 Square Feet: 992
- Unit-4 Square Feet: 992
Interior Features
- Flooring: Carpet, Laminate, Vinyl
Garage and Parking
- Driveway: Gravel
- Parking Features: Gravel, Street
- Parking Total: 6
School Information
- Elementary School: Cynthia Heights
- High School: Francis Joseph Reitz
- Middle School: Helfrich
- School District: Evansville-Vanderburgh School Co
Heating and Cooling
- Cooling Features: Central Air
- Heating Fuel: Gas,Forced Air
- Number of Fireplaces: 5
Other Property Info
- Annual Tax Amount: 1300
- Source Listing Status: Active
- County: Vanderburgh County
- Directions: From W Franklin, south on Flag Blvd to east on W Indiana
- Tax Year: 2026
- Inclusions: Building,Land
- Insurance Expense: 1300
- Area: Vanderburgh County
- Source Neighborhood: Lamasco
- Number of Separate Electric Meters: 4
- Number of Separate Gas Meters: 4
- Number of Separate Water Meters: 1
- Owner Pays: Building Insurance, Lawn Maintenance, Sewer, Tax, Trash Collection, Water
- Parcel Number: 82-05-24-030-046.017-029
- Subdivision: Lamasco
- Township: Perry
- Property Subtype: Fourplex
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Maintenance Expense: 1500
Building and Construction
- Total Square Feet Living: 3968
- Year Built: 1919
- Above Grade Finished Area: 3968
- Below Grade Unfinished Area: 150
- Building Exterior Type: Vinyl
- Property Age: 107
- Roof: Rubber
- Levels or Stories: 2
- House Style: Two Story
- Total Area Main: 1984
- Total Area Sqft: 4118
- Total Area Upper: 1984
- Total Below Grade Area: 150
- Architectural Style: Foursquare
Location
Lat 37.97834 · Lng -87.59263