Listing courtesy of Catanese Real Estate · Listing agent: Jeremy Outlaw
613 615 N Fulton Avenue
Evansville, IN 47710
Original price $525,000 · Price reduced on August 27, 2026
- Bedrooms
- 10
- Bathrooms
- 10
- Living area
- 5,105 sq ft
- Lot
- 0.14 ac
- Year built
- 1900
- Type
- Apartment
- Listed
- June 11, 2026
- MLS #
- 202622893
About this home
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. All 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.
Monthly payment estimate
$3,300/mo
- Principal & interest
- $2,736
- Property taxes
- $418
- Homeowners insurance
- $146
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 5012 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
- 5,105 sq ft
- Finished area above grade
- 5,105 sq ft
- Bedrooms above grade
- 10
- Flooring
- Carpet, Vinyl
- Heating
- Forced Air
- Cooling
- Window Unit(s)
- Amenities
- Ceiling-9+
Exterior & parking
- Construction
- Block, Brick
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Level
- Lot size (acres)
- 0.14 ac
- Lot dimensions
- 50
- Location type
- City/Town/Suburb
- County
- Vanderburgh County
- Township
- Pigeon
- Platted
- Yes
- Planned unit development
- No
- Directions
- From Lloyd Expressway head north on Fulton Ave Property is located on the right.
Schools
- Elementary school
- Lincoln
- Middle school
- Lincoln
- High school
- Central
- School district
- Evansville-Vanderburgh School Corp.
HOA & community
- Association restrictions
- No
Taxes & terms
- Annual taxes
- $5,012
- Tax year
- 5012
- Tax exemptions
- No Exemptions
- Listing terms
- Cash, Conventional
- Possession
- With tenants
- Parcel number
- 82-06-19-029-093.007-029
Included in the sale
- Included in sale
- Building,Land
Utilities
- Water
- City, Public
- Sewer
- Public Sewer
- Electric provider
- CenterPoint Energy
- Water provider
- Evansville Water & Sewer
Income & commercial
- Units
- 10
- Annual gross rent
- $68,340
- Net operating income
- $53,328
- Parking spaces
- 5
- Pets allowed
- No
- Tenant pays
- Electricity, Sewer, Water
- Electric meters
- 10
- Water meters
- 1
- Insurance (annual)
- $2,100
- Water & sewer (annual)
- $4,100
- Trash (annual)
- $3,800
Location
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- 9 beds
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- 6,794 sq ft
Listing courtesy of Berkshire Hathaway HomeServices Indiana Realty
