Listing courtesy of eXp Realty, LLC · Listing agent: Evan Birch · Cell: 812-215-1057
708 SE Third Street
Evansville, IN 47713
- Bedrooms
- 4
- Bathrooms
- 1
- Living area
- 2,860 sq ft
- Lot
- 0.06 ac
- Year built
- 1894
- Type
- Fourplex
- Listed
- July 8, 2026
- MLS #
- 202627087
About this home
This rent-ready fourplex in downtown Evansville offers a unique investment opportunity for a House-hack, short term, OR long term cash-flowing rental. It features 4 studio-style apartments, 3 of which are recently renovated - including LVP, updated bathrooms & kitchen. Those 3 units were previously generating $1200/month each as mid-term furnished rentals (often travel nurses). The other unit is occupied by a long-term, reliable month-to-month tenant. Live rent-free in one of the units while still cash-flowing from the others, rent them all short or mid term for higher profits, or rent them all long-term for a stabilized, low maintenance asset.
Monthly payment estimate
$1,600/mo
- Principal & interest
- $1,286
- Property taxes
- $245
- Homeowners insurance
- $69
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2026 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
- 2,860 sq ft
- Finished area above grade
- 2,860 sq ft
- Main level
- 1,430 sq ft
- Upper level
- 1,430 sq ft
- Bedrooms above grade
- 4
- Basement
- Crawl Space
- Flooring
- Vinyl
- Heating
- Natural Gas
- Cooling
- Central Air
- Amenities
- Balcony, Porch Covered
Exterior & parking
- Construction
- Vinyl Siding
- Roof
- Shingle
- Foundation
- Brick/Mortar
- Parking
- On Street
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Level
- Lot size (acres)
- 0.06 ac
- Lot dimensions
- 38 x 65
- Location type
- City/Town/Suburb
- Inside city limits
- Yes
- County
- Vanderburgh County
- Township
- Pigeon
- Road frontage
- City Street
- Platted
- Yes
- Planned unit development
- No
- Directions
- OUTLOT 4 IN UPPER ENL PT LTS 6 & 7
Schools
- Elementary school
- West Terrace
- Middle school
- Perry Heights
- High school
- Francis Joseph Reitz
- School district
- Evansville-Vanderburgh School Corp.
Taxes & terms
- Annual taxes
- $2,941
- Tax year
- 2026
- Listing terms
- Cash, Conventional, FHA
- Possession
- 3 Vacant, 1 Tenant Occupied
- Parcel number
- 82-06-30-020-089.009-029
Included in the sale
- Included in sale
- Building
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Electric provider
- CenterPoint Energy
- Water provider
- Evansville Water & Sewer
Income & commercial
- Units
- 4
- Buildings
- 1
- Annual gross rent
- $41,940
- Net operating income
- $31,199
- Lease term
- Month To Month
- Pets allowed
- No
- Tenant pays
- Electricity, Sewer, Water
- Electric meters
- 4
- Gas meters
- 4
- Water meters
- 4
- Insurance (annual)
- $3,300
- Trash (annual)
- $800
- Maintenance (annual)
- $3,400
Location
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