509 SE First ST, Evansville, IN 47713
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509 SE First ST, Evansville, IN 47713
509 SE First ST, Evansville, IN 47713
509 SE First ST, Evansville, IN 47713
509 SE First ST, Evansville, IN 47713
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Charles Bell

Charles Bell

+1(765) 532-9814
Listed by Rental Property Realty
$ 895,000
Est. payment /mo
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Active

509 SE First ST Evansville, IN 47713

15 Beds

11 Baths

8,327 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment Complex

Listing Status Active

Purchase Type For Sale

Square Footage 8,327 sqft

MLS Listing ID IRM202631399

Bedrooms 15

Full Baths 11

HOA Y/N No

Year Built 1919

Annual Tax Amount $12,432

Tax Year 2026

Lot Size 0.390 Acres

Acres 0.39

Lot Dimensions 112.5 x 150

Property Sub-Type Apartment Complex

Property Description

Rare opportunity to purchase three properties on one parcel—509, 509.5 and 511 SE First Street—offered together with a total of 11 doors. Located in Evansville's Historic District, the properties offer convenient access to Downtown Evansville, the riverfront and nearby amenities. Currently at 90% occupancy rate. The portfolio has seen several recent improvements, including a newer roof at 509.5 and a recently replaced roof and soffits at 511. A great opportunity for an investor looking to add multiple doors to their portfolio in an established Evansville location and is currently professionally managed.

Location

State IN

Rooms

Basement Partial

Interior

Heating Gas, Forced Air

Inclusions Building, Business, Land, Lease

Fireplace N

Exterior

View Y/N true

Total Parking Spaces 2

Building

Lot Description Level, Historic Designation

Story Other

Sewer Public Sewer

Water City

Level or Stories Other

New Construction No

Schools

Elementary Schools West Terrace

Middle Schools Perry Heights

High Schools Francis Joseph Reitz

School District Evansville-Vanderburgh School Corp.

Others

Pets Allowed No

Tax ID 82-06-30-020-075.009-029

Acceptable Financing IRM202631399

Listing Terms IRM202631399

Special Listing Condition None

Pets Allowed No

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202631399

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.

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Charles Bell

Charles Bell

Real Estate Advisor RBRB18000586

+1(765) 532-9814

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509 SE First ST