$180,000

1224 N First Ave Evansville, IN 47710

STAR Neighborhood

Estimated payment $1,150/month

Total Views 34,120
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:

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Average Value
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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

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.

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Cathie Spalding
Listing Agent
Cathie Spalding
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Pinnacle Realty Group
(812) 613-2213