Listing courtesy of eXp Realty, LLC · Listing agent: Mark Albini · cell: 812-266-0536
309 E Michigan Street
Evansville, IN 47711
- Basement
- Bedrooms
- 4
- Bathrooms
- 4
- Living area
- 2,564 sq ft
- Lot
- 0.07 ac
- Year built
- 1889
- Type
- Fourplex
- Listed
- September 8, 2026
- MLS #
- 202637032
About this home
Investment opportunity!! Multi-Family Apartment Package Deal! 11 Total Units! 309 E Michigan St, Evansville, IN is part of a package deal with 705 707 N Fourth Ave, Evansville, IN & 324 E Moore St, Boonville, IN for a total of $520,000.00 309 E Michigan St is a 4 unit apartment building. These are all tenant occupied rental properties that are professionally managed. The photos are when the property was vacant to keep the privacy of the tenants. Apartment 1 - $480/month | Apartment 2 - $654.50/month | Apartment 3 - Currently Vacant/For Rent(estimated market rent $525/month) | Apartment 4 - $650/month Landlord pays for Water/Sewer/Trash. Tenants pay for their own electric and gas. Each unit has their own furnace and water heater.
Monthly payment estimate
$1,148/mo
- Principal & interest
- $949
- Property taxes
- $148
- Homeowners insurance
- $51
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2025 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- Two
- Stories
- 2
- Total area
- 3,786 sq ft
- Finished area above grade
- 2,564 sq ft
- Unfinished area below grade
- 1,222 sq ft
- Below grade total
- 1,222 sq ft
- Bedrooms above grade
- 4
- Basement
- Full
- Flooring
- Mixed
- Heating
- Natural Gas
- Cooling
- Window Unit(s)
- Amenities
- Basement, Porch Covered
Exterior & parking
- Construction
- Stone, Masonry
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Level
- Lot size (acres)
- 0.07 ac
- Lot dimensions
- 127x25
- County
- Vanderburgh County
- Township
- Pigeon
- Platted
- Yes
- Planned unit development
- No
- Directions
- W on the Lloyd, N on Heidelbach, E on E Michigan, Property will be on the S side of the road.
Schools
- Elementary school
- Lincoln
- Middle school
- Lincoln
- High school
- Central
- School district
- Evansville-Vanderburgh School Corp.
Taxes & terms
- Annual taxes
- $1,771
- Tax year
- 2025
- Possession
- Tenants Rights
- Parcel number
- 82-06-20-025-036.005-029
Included in the sale
- Included in sale
- Building
Utilities
- Water
- City, Public
- Sewer
- Public Sewer
Income & commercial
- Units
- 4
- Annual gross rent
- $29,754
- Net operating income
- $25,333
- Parking spaces
- 2
- Pets allowed
- No
- Tenant pays
- Electricity, Heat
- Electric meters
- 4
- Gas meters
- 4
- Water meters
- 1
- Insurance (annual)
- $850
- Water & sewer (annual)
- $1,800
Location
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