721 N 7th St Vincennes, IN 47591
Estimated payment $1,503/month
Total Views
275
4
Beds
2.5
Baths
2,950
Sq Ft
$83
Price per Sq Ft
Highlights
- Corner Lot
- Central Air
- 1-Story Property
- Landscaped
- Carpet
About This Home
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.
Listing Agent
KLEIN RLTY&AUCTION, INC. Brokerage Phone: 812-291-2202 Listed on: 06/19/2025
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
- The owner pays for building insurance, lawn maintenance, sewer, tax, water
- Assessor Parcel Number 42-12-21-402-086.000-022
Map
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Home Values in the Area
Average Home Value in this Area
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/19/2025 06/19/25 | For Sale | $245,000 | -- | $83 / Sq Ft |
Source: Indiana Regional MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $90,000 | -- |
Source: Public Records
Similar Home in Vincennes, IN
Source: Indiana Regional MLS
MLS Number: 202523518
APN: 42-12-21-402-086.000-022
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