$215,000
SOLD SEP 4, 2025

721 N 7th St Vincennes, IN 47591

4 Beds
2.5 Baths
2,950 Sq Ft
6,229 Sq Ft Lot

Recently Sold

$73 Per Sq Ft

12% Below List Price

43 Days on Market

Highlights

  • Corner Lot
  • Central Air
  • 1-Story Property
  • Landscaped
  • Carpet

About This Home

As of September 2025

This unique triplex features two spacious 2-bedroom residential units and a commercial office space with the potential to be converted into a third 2-bedroom apartment. Whether you're an investor looking for strong rental income or a buyer hoping to live in one unit while generating revenue from the others, this property checks all the boxes. Conveniently located near local amenities, schools, and transit, it’s a great addition to any portfolio. Don’t miss the opportunity to take advantage of its flexibility and income potential. All units are currently occupied month-to-month agreements and long-term lease agreements—providing immediate rental income from day one.

Last Agent to Sell the Property

Heath Klein

KLEIN RLTY&AUCTION, INC. Brokerage Phone: 812-291-2202 Listed on: 06/19/2025

Last Buyer's Agent

Connor Klein

KLEIN RLTY&AUCTION, INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,435

Year Built

  • Built in 1967

Lot Details

  • 6,229 Sq Ft Lot
  • Lot Dimensions are 134x47
  • Landscaped
  • Corner Lot
  • Level Lot

Home Design

  • Triplex
  • Shingle Siding
  • Vinyl Construction Material

Interior Spaces

  • 2,950 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector
  • Laminate Countertops
  • Washer Hookup

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 8 Parking Spaces
  • Off-Street Parking

Schools

  • Riley Elementary School
  • Clark Middle School
  • Lincoln High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 3 Units
  • Water Sewer Expense $1,512

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for building insurance, lawn maintenance, sewer, tax, water
  • Assessor Parcel Number 42-12-21-402-086.000-022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,435

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1967
  • Age: 58
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: COCHRAN SD LOT 116
  • Parcel Number ID: 42-12-21-402-086.000-022
  • Platted: Yes
  • Amenities: Off Street Parking, Countertops-Laminate, Detector-Smoke, Landscaped, Water Heater Gas, Washer Hook-Up
  • Sp Lp Percent: 87.76
  • Monthly Gross Income: 2125
  • Year Taxes Payable: 24 Pay 25
  • Special Features: None

Interior Features

  • Total Sq Ft: 2950
  • Total Finished Sq Ft: 2950
  • Above Grade Finished Sq Ft: 2950
  • Price Per Sq Ft: 72.88
  • Flooring: Carpet, Laminate
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Shingle, Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: Public
  • Water Utilities: Public
  • Annual Water Sewer Expense: 1512
  • Number Of W D Hookups: 1

Schools

  • School District: Vincennes Community School Corp.
  • Elementary School: Riley
  • Middle School: Clark
  • High School: Lincoln
  • Elementary School: Riley

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 134x47
  • Estimated Lot Sq Ft: 6229
  • Estimated Lot Size Acres: 0.143

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Lawn Maintenance, Sewer, Tax, Water
  • Tenant Pays: Electric, Fuel

Multi Family

  • Gross Monthly Rent: 2125
  • Number Of Refrigerators: 2
  • Number Of Units: 3
  • Num Of2 Bedrooms: 3
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 2435

MLS Schools

  • High School: Lincoln
  • Middle School: Clark
  • School District: Vincennes Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2012
Sold by
Wolfe Kathryn Sue
Bought by
Klein Klein and Klein Amy L
Source: Public Records

Range of Values:

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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

Purchase History

Date Type Sale Price Title Company
Deed $90,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 Sold $215,000 -12.2% $73 / Sq Ft
08/01/2025 08/01/25 Pending -- -- --
06/19/2025 06/19/25 For Sale $245,000 -- $83 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

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
2024 $2,478 $80,900 $11,300 $69,600
2023 $2,433 $79,400 $11,300 $68,100
2022 $2,403 $78,700 $11,300 $67,400
2021 $2,550 $83,500 $11,300 $72,200
2020 $2,548 $83,500 $11,300 $72,200
2019 $2,534 $82,500 $10,300 $72,200
2018 $2,556 $83,300 $10,300 $73,000
2017 $2,555 $83,100 $10,300 $72,800
2016 $2,329 $75,700 $2,900 $72,800
2014 $2,450 $80,500 $2,900 $77,600
2013 $2,414 $78,800 $2,900 $75,900
Source: Public Records

Agents Affiliated with this Home

  • Heath Klein

    Seller's Agent in 2025

    Heath Klein

    KLEIN RLTY&AUCTION, INC.

    (812) 291-2202

    158 Total Sales

    Heath Klein
    Section Image

  • C

    Buyer's Agent in 2025

    Connor Klein

    KLEIN RLTY&AUCTION, INC.

    (812) 882-2202

    33 Total Sales

    Connor Klein
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202523518

Indiana Regional MLS

APN: 42-12-21-402-086.000-022

Indiana Knox County Vincennes 47591

721 N 7th St, Vincennes, IN

This home is located at 721 N 7th St, Vincennes, IN 47591 and is currently priced at $215,000, approximately $72 per square foot. This property was built in 1967. 721 N 7th St is a home located in Knox County with nearby schools including Lincoln High School, Flaget Elementary School, and Rivet Middle/High 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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