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 investor. None of the units are currently rented, offering a clean slate for renovations. Owner currently pays all utilities. Off street parking is available for tenants at the rear of the property. Possession at closing and property is sold as is.
Active
$186,000
216 Oak St, Evansville, IN 47713
5beds
2,924sqft
Est.:
Fiveplex
Built in 1869
-- sqft lot
$175,600 Zestimate®
$--/sqft
$-- HOA
What's special
- 4 days
- on Zillow |
- 437 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: 21 hours ago
Listed by:
Mitch Isbell Cell:812-499-0878,
RE/MAX REVOLUTION
Source: IRMLS,MLS#: 202513781

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Natural Gas, Radiator
Cooling
- Window Unit(s)
Features
- Flooring: Vinyl
- Doors: Storm Door(s)
- Basement: Partial,Brick
Interior area
- Total structure area: 2,924
- Total interior livable area: 2,924 sqft
- Finished area above ground: 2,924
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Gravel, On Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,227.2 Square Feet
- Dimensions: 37 x 144
- Features: Level, City/Town/Suburb, Near College Campus
Details
- Additional structures: None
- Parcel number: 820630020050.018029
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fiveplex
Materials
- Aluminum Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1869
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: Eastern
Location
- Region: Evansville
Financial & listing details
- Tax assessed value: $99,500
- Annual tax amount: $2,147
- Date on market: 4/21/2025
- Listing terms: Cash,Conventional
- Inclusions: Building
- Lease term: None
- Total actual rent: 0
- Tenant pays: None
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