$180,000

1224 N First Ave Evansville, IN 47710

STAR Neighborhood

Estimated payment $1,193/month

Total Views 31,591
4 Beds
5 Baths
2,986 Sq Ft
$60 Price per Sq Ft

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Wood Siding
  • Tile Flooring

About This Home

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.

Listing Agent

Cathie Spalding

Pinnacle Realty Group Brokerage Phone: 812-449-1005 Listed on: 02/17/2025

Pinnacle Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,383

Year Built

  • Built in 1904

Lot Details

  • 3,419 Sq Ft Lot
  • Corner Lot

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Full Bathrooms

Parking

  • 5 Parking Spaces
  • Off-Street Parking

Schools

  • Cedar Hall Elementary And Middle School
  • Central High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for electric, lawn maintenance, sewer, trash collection, water
  • Assessor Parcel Number 82-06-19-027-064.030-029

Community Details

Overview

  • 5 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $6,238
  • Insurance Expense $4,088
  • Maintenance Expense $720
  • Water Sewer Expense $5,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,383

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1904
  • Age: 121
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: FIRST AVENUE ADDITION PT LOT 27 & PT LOT 28 BL
  • Parcel Number ID: 82-06-19-027-064.030-029
  • Platted: Yes
  • Amenities: Off Street Parking
  • Monthly Gross Income: 2745
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 2986
  • Total Finished Sq Ft: 2986
  • Above Grade Finished Sq Ft: 2986
  • Price Per Sq Ft: 60.28
  • Basement Foundation: Crawl
  • Flooring: Carpet, Tile
  • Main Level Sq Ft: 1595
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 6238.48
  • Annual Insurance Expense: 4088
  • Annual Maintenance Expense: 720
  • Annual Water Sewer Expense: 5039.71

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Evansville-Vanderburgh School Corp.
  • Elementary School: Cedar Hall
  • Middle School: Cedar Hall
  • High School: Central
  • Elementary School: Cedar Hall

Lot Info

  • Lot Description: Corner
  • Estimated Lot Sq Ft: 3419
  • Estimated Lot Size Acres: 0.0785

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Lawn Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cable

Multi Family

  • Gross Monthly Rent: 2745
  • Number Of Refrigerators: 4
  • Number Of Units: 5
  • Num Of1 Bedrooms: 4
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 2383

MLS Schools

  • High School: Central
  • Middle School: Cedar Hall
  • School District: Evansville-Vanderburgh School Corp.

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2025 02/17/25 For Sale $180,000 0.0% $60 / Sq Ft
07/31/2023 07/31/23 Rented $795 +2.6% --
05/05/2023 05/05/23 For Rent $775 -- --
Source: Indiana Regional MLS

Similar Homes in Evansville, IN

  • 809 Jefferson Ave Unit 1-4, Evansville, IN 47713

    $165,000

    • 5 Beds
    • 4 Baths
    • 3,358 Sq Ft
    • 809 Jefferson Ave
    • Unit 1-4
    • Evansville, IN

    Large 4-unit property. Three of four units currently rented. Unit B pays their own electric bill. Unit B has new laminate wood flooring. Newer stairs in back of building (2023). Two (2) New heaters installed (2025). Annual numbers are estimating values Building being sold As-Is.

    Michelle Stanger Stanger Homes, LLC

    Section Image
  • 910 Harriet St, Evansville, IN 47710

    $170,000

    • 3 Beds
    • 2 Baths
    • 1,881 Sq Ft
    • 910 Harriet St
    • Evansville, IN

    Investor’s Dream Property – Fully Renovated Duplex! Originally built in 1904, this stunning duplex has been completely transformed from top to bottom. Every inch has been updated with modern finishes while preserving its historic charm. Featuring new doors, floors, windows, A/C units, tiled showers, toilets, vanities, and fresh paint throughout. Thoughtfully upgraded with new backsplashes in both

    Tonia Stofleth KELLER WILLIAMS CAPITAL REALTY

    Section Image
  • 1912 1914 W Indiana St, Evansville, IN 47712

    $155,000

    • 5 Beds
    • 3 Baths
    • 2,060 Sq Ft
    • 1912 1914 W Indiana St
    • Evansville, IN

    Great investment opportunity on Evansville's west side. Convenient location to Franklin St. Both units are currently rented. Sold As Is

    Jenny McBride KELLER WILLIAMS CAPITAL REALTY

    Section Image
  • 216 Oak St, Evansville, IN 47713

    $145,000

    • 5 Beds
    • 5 Baths
    • 2,924 Sq Ft
    • 216 Oak St
    • Evansville, IN

    Opportunity knocks with this 5-unit multifamily property in downtown Evansville, near the Haynies Corner arts district, the Riverfront and less than a mile away from the IU School of Medicine. This Fiveplex includes: two 2 bed/1 bath units, two 1 bed/1bath units and a studio apartment. This property needs significant TLC to bring it back to life but has huge upside potential for the right

    Mitch Isbell RE/MAX REVOLUTION

    Section Image
  • 2728 W Virginia St, Evansville, IN 47712

    $149,900

    • 3 Beds
    • 3 Baths
    • 2,114 Sq Ft
    • 2728 W Virginia St
    • Evansville, IN

    WEST-TRIPLEX: 3 one bedroom apartments located just minutes from shopping, bus line, schools. Exterior has been extensively remodeled featuring new roof and decking, replacement windows, stone trim, new siding (old asbestos siding removed, new osb, house wrap), updated plumbing (lines and drains), vapor barrier installed, foundation & floor joists plus new sub flooring in Apt B, new concrete side

    Paula Haller ERA FIRST ADVANTAGE REALTY, INC

    Section Image
  • 2923 Mount Vernon Ave, Evansville, IN 47712

    $142,000

    • 4 Beds
    • 3 Baths
    • 2,095 Sq Ft
    • 2923 Mount Vernon Ave
    • Evansville, IN

    Fully occupied duplex featuring (2) 1BR/1BA (units A & B) and single family home (1) 2BR/1BA (unit C). Owner pays water, sewer, trash, lawn care, and electric for units A & B. Tenant in unit C pays electric.

    Kimberly Clark eXp Realty, LLC

    Section Image
  • 906 Varner Ave, Evansville, IN 47720

    $175,900

    • 6 Beds
    • 3 Baths
    • 2,879 Sq Ft
    • 906 Varner Ave
    • Evansville, IN

    Unique Multi-Unit Property on Evansville's Westside. This property features 3 units. The main house features living room, dining room, 3 bedrooms and 1 full bath. This unit has been updated with new flooring, kitchen and bath. There is a unit in the basement with separate exterior entrance that could be finished off for extra income. There is another building in back of the property that has

    Mindy Word F.C. TUCKER EMGE

    Section Image
  • 627 Covert Ave, Evansville, IN 47713

    $149,000

    • 2 Beds
    • 2 Baths
    • 1,590 Sq Ft
    • 627 Covert Ave
    • Evansville, IN

    Don't miss this great investment opportunity to own a duplex just minutes from the Arts district in downtown Evansville. Both units include 1 bedroom, kitchen, spacious living room and dining room with one side renting for $1000 per mo. and the other renting for $950 per month.

    Charlie Butler KELLER WILLIAMS CAPITAL REALTY

    Section Image
See All Homes in Evansville

Source: Indiana Regional MLS

MLS Number: 202505014

Indiana Regional MLS

Indiana Vanderburgh County Evansville 47710 STAR

1224 N First Ave, Evansville, IN

This home is located at 1224 N First Ave, Evansville, IN 47710 and is currently priced at $180,000, approximately $60 per square foot. This property was built in 1904. 1224 N First Ave is a home located in Vanderburgh County with nearby schools including Cedar Hall Community School, Central High School, and Signature School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for 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 not guaranteed.

Nearby Homes
Cathie Spalding
Listing Agent
Cathie Spalding
Section Image
Pinnacle Realty Group
(812) 613-2213