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621 N Fulton Ave 10 Unit Apartment Building $199,000 ($19,900/Unit) 10.06% Cap Rate Evansville, IN 47710

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EXECUTIVE SUMMARY

4-Plex. New roof and 2 new HVAC units. Remodeled and fully occupied. Adjacent Listing 613 615 N Fulton Ave 10 unit is available.

ATTACHMENTS

621 N Fulton Ave

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $34,200 $2.95
Other Income $1,225 $0.11
Vacancy Loss - -
Effective Gross Income $35,425 $3.06
Taxes - -
Operating Expenses - -
Total Expenses $15,409 $1.33
Net Operating Income $20,016 $1.73

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $34,200
Annual Per SF $2.95
Other Income
Annual $1,225
Annual Per SF $0.11
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $35,425
Annual Per SF $3.06
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $15,409
Annual Per SF $1.33
Net Operating Income
Annual $20,016
Annual Per SF $1.73

PROPERTY FACTS

Price $199,000
Price Per Unit $19,900
Sale Type Investment
Cap Rate 10.06%
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.14 AC
Building Size 11,578 SF
No. Stories 2
Year Built/Renovated 1901/2005
Parking Ratio 2/1,000 SF
Opportunity Zone Yes
Zoning C-4

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Heating
  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Large Bedrooms

SITE AMENITIES

  • 24 Hour Access
Walk Score®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
82-06-19-029-093.008-029
Land Assessment
$12,600
Improvements Assessment
$92,800
Total Assessment
$105,400
  • Listing ID: 37636073

  • Date on Market: 9/11/2025

  • Last Updated:

  • Address: 621 N Fulton Ave, Evansville, IN 47710

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