$174,000
$236K PRICE DROP

Estimated payment $1,034/month

Total Views 7,667
4 Beds
4 Baths
2,186 Sq Ft
$80 Price per Sq Ft

About This Home

Attention INVESTORS!!! This great property has two units up and two down. Detached garage. Parking spaces in front and back plus driveway. Access to the back of the property thru the alley behind. Currently being managed by ERS Property Management Company. Tenants pay electric, Landlord pays other. Currently rented at $1595 (3 units rented) with one vacancy. Another building is for sale as well: MLS # 202600241, 218 N FOURTH AVE (6 UNITS). Could be sold as a package.

Listing Agent

Kent Brenneman

eXp Realty, LLC Brokerage Phone: 812-480-4663 Listed on: 01/03/2026

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,682

Year Built

  • Built in 1904

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 49 x 128
  • Level Lot

Home Design

  • Quadruplex

Interior Spaces

  • 2,186 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Exterior Basement Entry

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 10 Parking Spaces
  • Off-Street Parking

Schools

  • Cedar Hall Elementary School
  • North Middle School
  • North High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for maintenance, sewer, tax, water
  • Assessor Parcel Number 82-06-19-027-064.014-029

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $2,849
  • Insurance Expense $3,420
  • Maintenance Expense $3,753
  • Water Sewer Expense $2,011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,682

Year Built

Built in 1904

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1904
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: First Avenue Addition Lot 5 PT LOT 4 & PT LOT 6 BL1
  • Parcel Number ID: 82-06-19-027-064.014-029
  • Platted: Yes
  • Amenities: Basement, Off Street Parking
  • Special Features: None

Interior Features

  • Total Sq Ft: 2186
  • Total Finished Sq Ft: 2186
  • Above Grade Finished Sq Ft: 2186
  • Basement: Yes
  • Basement Foundation: Unfinished, Outside Entrance
  • Flooring: Carpet, Laminate
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Aluminum
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 10

Utilities

  • Cooling: Window
  • Heating Fuel: Gas
  • Sewer: Public
  • Water Utilities: Public
  • Annual Electric: 2849
  • Annual Insurance Expense: 3420
  • Annual Maintenance Expense: 3753
  • Annual Water Sewer Expense: 2011

Schools

  • Elementary School: Cedar Hall

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 49 x 128
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Maintenance, Sewer, Tax, Water
  • Tenant Pays: Electric

Tax Info

  • Annual Property Tax: 1682

Multi Family

  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 4

MLS Schools

  • High School: North
  • Middle School: North
  • School District: Evansville-Vanderburgh School Corp.

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,530 $79,300 $10,700 $68,600
2024 $1,530 $70,600 $8,200 $62,400
2023 $1,481 $68,200 $8,200 $60,000
2022 $1,496 $68,500 $8,200 $60,300
2021 $1,271 $57,200 $8,200 $49,000
2020 $1,242 $57,200 $8,200 $49,000
2019 $1,272 $58,500 $8,200 $50,300
2018 $1,275 $58,400 $8,200 $50,200
2017 $819 $57,800 $8,200 $49,600
2016 $814 $57,800 $8,300 $49,500
2014 $794 $56,600 $8,300 $48,300
2013 -- $57,100 $8,300 $48,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2026 03/03/26 Price Changed $174,000 -57.6% $80 / Sq Ft
01/03/2026 01/03/26 For Sale $409,900 -- $188 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $150,000 None Listed On Document
Warranty Deed -- --
Warranty Deed -- None Listed On Document
Deed $40,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $120,000 Credit Line Revolving
Previous Owner $211,090 Credit Line Revolving
Previous Owner $55,500 New Conventional
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202600245

Indiana Regional MLS

APN: 82-06-19-027-064.014-029

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