Great Investment Opportunity!! This meticulously maintained 4-plex is conveniently located on Evansville’s east side, a half block from the University of Evansville! This property consists of three 1 bed/1 bath units and one 2 bed/2 bath unit. Each unit offers hardwood flooring throughout and fully screened in porches that have all had new wood and screens replaced in 2024. There is also a garage that offers covered parking or additional storage for each unit. All major systems are in great condition, including a new hot water heater installed in 2023. All units are currently leased and separately metered for gas/electric. Owner pays water/sewer/trash and common area lighting. There is a lower level coin-laundry area that tenants can utilize and that can also be used for additional income for the new owner.
Pending
$439,900
512 S Lincoln Park Dr, Evansville, IN 47714
5beds
5,470sqft
Est.:
Quadruplex
Built in 1937
-- sqft lot
$418,300 Zestimate®
$--/sqft
$-- HOA
What's special
Fully screened in porchesCovered parkingHardwood flooring
- 64 days
- on Zillow |
- 682 |
- 46 |
Zillow last checked: 7 hours ago
Listing updated: April 09, 2025 at 08:26am
Listed by:
Charles L Butler Cell:812-430-1708,
KELLER WILLIAMS CAPITAL REALTY,
Candace DeArmond,
KELLER WILLIAMS CAPITAL REALTY
Source: IRMLS,MLS#: 202505452

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Natural Gas, Forced Air, Multiple Heating Systems
Cooling
- Central Air, Multi Units
Features
- Ceiling Fan(s), Storage, Open Floorplan
- Flooring: Carpet, Wood, Tile
- Basement: Crawl Space,Full
Interior area
- Total structure area: 7,198
- Total interior livable area: 5,470 sqft
- Finished area above ground: 5,470
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Off Street Parking
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch Covered, Screened
Lot
- Size: 0.32 Acres
- Dimensions: 55X257
- Features: Level, Near Walking Trail
Details
- Additional structures: None
- Parcel number: 820627013079.008027
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick
- Foundation: Basement
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Evansville
Financial & listing details
- Tax assessed value: $245,100
- Annual tax amount: $5,172
- Date on market: 2/21/2025
- Inclusions: Building, Lease
- Lease term: 12 Months
- Total actual rent: 37584
- Tenant pays: Cable TV, Cooling, Electricity, Fuel, Heating, Deposit Value
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