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Market Street Apartments 301 NW 3rd St 58 Unit Apartment Building For Sale Evansville, IN 47708
INVESTMENT HIGHLIGHTS
- 2025-Redeveloped Asset
- Located in Vibrant Downtown Evansville, IN
- Supply Constrained Market, 0 New Deliveries in next 12 Months within a 5 Mile Radius
- Offered at a 7.00+% In-Place Cap Rate
- Luxury Floor Plans with High End Finishes
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.37 AC |
| No. Units | 58 | Building Size | 61,115 SF |
| Property Type | Multifamily | Average Occupancy | 79% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2025 |
| Building Class | A | Opportunity Zone |
Yes
|
| Zoning | C4 | ||
| Sale Type | Investment |
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.37 AC |
| Building Size | 61,115 SF |
| Average Occupancy | 79% |
| No. Stories | 5 |
| Year Built | 2025 |
| Opportunity Zone |
Yes |
| Zoning | C4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- High Speed Internet Access
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Security System
- Spa
- Guest Apartment
- Maid Service
- Media Center/Movie Theatre
- On-Site Retail
- Planned Social Activities
- Meal Service
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 19 | - | 400 |
| 1+1 | 27 | - | 565 |
| 2+2 | 12 | - | 1,010 |
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 82-06-30-029-027.003-029 | Total Assessment | $1,303,200 (2024) |
| Land Assessment | $71,600 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,231,600 (2024) | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
82-06-30-029-027.003-029
Land Assessment
$71,600 (2024)
Improvements Assessment
$1,231,600 (2024)
Total Assessment
$1,303,200 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
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Market Street Apartments | 301 NW 3rd St
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