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613 N Fulton Ave 10 Unit Apartment Building $525,000 ($52,500/Unit) Evansville, IN 47710
Executive Summary
Turn-key investment opportunity! This well-maintained two-story 10-plex features ten 1 bed / 1 bath units, with 9 of the 10 units already updated—offering immediate cash flow from day one. The property has seen major recent improvements, including a brand-new roof installed within the past 2 months. Each unit is separately metered for electric, with tenants responsible for their own usage, helping keep operating costs low. Most tenants have been switched over to RUBS for water and sewer, providing additional income upside. The property also offers some off-street and on-street parking, a valuable amenity for tenants. With strong in-place rents, minimal deferred maintenance, and additional value-add potential through RUBS, this is an ideal addition to any investor’s portfolio.
Property Facts
| Price | $525,000 | Lot Size | 0.15 AC |
| Price Per Unit | $52,500 | Building Size | 9,360 SF |
| Sale Type | Investment | Average Occupancy | 90% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1919/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.07/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | C-2 | ||
| Price | $525,000 |
| Price Per Unit | $52,500 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 9,360 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1919/2025 |
| Parking Ratio | 1.07/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C-2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $595.00 | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 82-06-19-029-093.007-029 | Improvements Assessment | $223,600 |
| Land Assessment | $7,900 | Total Assessment | $231,500 |
Property Taxes
Parcel Number
82-06-19-029-093.007-029
Land Assessment
$7,900
Improvements Assessment
$223,600
Total Assessment
$231,500
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613 N Fulton Ave