Listing courtesy of Catanese Real Estate · Listing agent: Jeremy Outlaw
309 E Virginia Street
Evansville, IN 47711
Original price $124,900 · Price reduced on September 8, 2026
- Basement
- Energy efficient
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,792 sq ft
- Lot
- 0.08 ac
- Year built
- 1869
- Type
- Duplex
- Listed
- July 22, 2026
- MLS #
- 202629547
About this home
Income-Producing Duplex – Great Investment Opportunity! Each unit is 1 bed 1 bath. Don't miss this mostly updated duplex offering immediate income potential! One unit is currently occupied, while the second unit is vacant and ready for a new tenant or owner-occupant. The vacant downstairs unit previously rented for $850 per month and is currently being marketed at $795 per month to lease quickly. Major mechanical updates provide peace of mind, with the A/C units, furnaces, water heaters, and several windows all replaced within the last two years. The lower unit also features the added convenience of basement access, offering additional storage space. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this duplex offers excellent value and strong cash-flow potential.
Monthly payment estimate
$749/mo
- Principal & interest
- $643
- Property taxes
- $72
- Homeowners insurance
- $34
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 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.
Get pre-approved
Know your real budget before you tour, and make a stronger offer. We'll connect you with a local lender.
Property details
Interior
- Levels
- One and One Half
- Stories
- 2
- Total area
- 2,048 sq ft
- Finished area above grade
- 1,792 sq ft
- Unfinished area below grade
- 256 sq ft
- Below grade total
- 256 sq ft
- Bedrooms above grade
- 2
- Basement
- Crawl Space, Partial
- Flooring
- Vinyl
- Heating
- Forced Air
- Cooling
- Window Unit(s)
- Amenities
- Eat-In Kitchen
Exterior & parking
- Style
- Shotgun
- Construction
- Vinyl Siding
- Roof
- Dimensional Shingles
- Foundation
- Brick/Mortar
- Parking
- Off Street
- Private pool
- No
- New construction
- No
- Energy-efficient features
- Windows
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Level
- Lot size (acres)
- 0.08 ac
- Lot dimensions
- 25X137
- Location type
- City/Town/Suburb
- County
- Vanderburgh County
- Township
- Pigeon
- Platted
- Yes
- Planned unit development
- No
- Directions
- North on Heidelbach, turn right on E Virginia house is on the right
Schools
- Elementary school
- Lincoln
- Middle school
- North
- High school
- North
- School district
- Evansville-Vanderburgh School Corp.
Taxes & terms
- Annual taxes
- $862
- Tax year
- 861
- Tax exemptions
- No Exemptions
- Listing terms
- Cash, Conventional
- Possession
- Immediate with tenants
- Parcel number
- 82-06-20-025-030.005-029
Included in the sale
- Included in sale
- Building,Land
Utilities
- Water
- City
- Sewer
- Public Sewer
- Electric provider
- CenterPoint Energy
- Gas provider
- CenterPoint Energy
- Water provider
- Evansville Water & Sewer
Income & commercial
- Units
- 2
- Annual gross rent
- $18,840
- Net operating income
- $16,778
- Parking spaces
- 4
- Pets allowed
- No
- Tenant pays
- Electricity, Fuel, Heat
- Electric meters
- 2
- Gas meters
- 2
- Water meters
- 1
- Water & sewer (annual)
- $1,200
Location
Similar homes
$118,000
504 506 Adams Avenue
Evansville, IN 47713
- 6 beds
- 2 baths
- 2,542 sq ft
Listing courtesy of KELLER WILLIAMS CAPITAL REALTY
$115,000
1320 S Grand Avenue
Evansville, IN 47713-2647
- 5 beds
- 3 baths
- 2,800 sq ft
Listing courtesy of KELLER WILLIAMS CAPITAL REALTY
$115,000
1407 Fountain Avenue
Evansville, IN 47710-1815
- 5 beds
- 2 baths
- 2,080 sq ft
Listing courtesy of KELLER WILLIAMS CAPITAL REALTY
