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  • Price$575,000
  • Beds22
  • Baths13
  • SQ. Feet16,383
  • Acres0.23
  • Built1940

1566 S Kentucky Avenue, Evansville

Looking to build your investment portfolio? This offering consists of a total of 4 professionally managed buildings (three 4-unit buildings and 1 house). All units are occupied (some new tenants and some long term tenants) allowing you to start in the green. Highly Desirable Neighborhood, near IU Medical School, University of Evansville, Memorial and Bosse High Schools, and the Private Charter School Joshua Academy. Brick exteriors for low maintenance, plenty of off street parking and laundry hook-ups available. Additional income is available with 4 car garage rental. Landlord pays water in 1566, tenant pays all other utilities. Tenant pays all utilities in 1550 and 1556. All multiplexes have house meters and average $15-20 per month. Recent updates to properties: 1550 S Kentucky - Unit D HVAC condenser replaced - June 2018 - All Units - new commercial carpet in common areas - June 2018 1556 S Kentucky - All Units - new commercial carpet in common areas - June 2018 1562 S Kentucky - Roof replaced - June 2018. Charming brick Tudor style home. Updated kitchen & baths. Bedrooms upstairs with full bathroom & offers an unfinished basement. 1566 S Kentucky - all units vacated and totally remodeled - Both Garage Doors Replaced - June 2018 - All Units - new commercial carpet in common areas - June 2018 - All Units - exterior common doors replaced with steel doors - June 2018 - All landscaping updated spring 2018 - All Units - new flooring/paint throughout

Essential Information

  • MLS® #201903798
  • Price$575,000
  • Bedrooms22
  • Bathrooms13.00
  • Full Baths13
  • Square Footage16,383
  • Acres0.23
  • Year Built1940
  • TypeMultifamily
  • Sub-TypeApartment Complex
  • StatusActive


  • FeaturesOff Street Parking, Washer Hook-Up, Cable Ready, Other-See Remarks


  • ExteriorBrick
  • Lot Description0-2.9999, Level
  • ConstructionNot Applicable

Additional Information

  • Days on Market486
  • ZoningUnknown

Community Information

  • Address1566 S Kentucky Avenue
  • SubdivisionHart Place
  • CityEvansville
  • CountyVanderburgh County
  • StateIndiana
  • Zip Code47714


  • InteriorCarpet, Ceramic Tile, Vinyl Tile
  • HeatingForced Air
  • CoolingCentral Air
  • # of Stories2
  • StoriesTwo Story
  • Basement Desc.None

School Information

  • DistrictEvansville-Vanderburgh School Corp.
  • ElementaryJohn M Culver
  • MiddleGlenwood
  • HighBosse

Listing Details

  • Listing AgentKimberly Clark
  • Listing OfficeeXp Realty, LLC
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