509 SE First Street, Evansville, IN 47713
509 SE First Street, Evansville, IN 47713
509 SE First Street, Evansville, IN 47713
509 SE First Street, Evansville, IN 47713
509 SE First Street, Evansville, IN 47713
509 SE First Street, Evansville, IN 47713
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Austin Lame

Austin Lame

+1(812) 706-9625
Listed by Ashley Riordan-Elpers • Rental Property Realty
$ 895,000
Est. payment | /mo

15 Beds

11 Baths

8,327 SqFt

Save Virtual Tour
$ 895,000
Est. payment | /mo
Save Virtual Tour

15 Beds

11 Baths

8,327 SqFt

Key Details

Property Type Condo, Other Rentals

Sub Type Apartment Complex

Listing Status Active

Purchase Type For Sale

Square Footage 8,327 sqft

MLS Listing ID 202631399

Style Other

Bedrooms 15

Full Baths 11

Abv Grd Liv Area 8,327

Total Fin. Sqft 8327

Year Built 1919

Tax Year 2026

Lot Size 0.390 Acres

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

County Vanderburgh County

Area Vanderburgh County

Direction W on Washington Ave, R on Second, L on Mulberry, R on 1st Street

Rooms

Family Room 838 x 700

Dining Room 0 x 675

Kitchen , 840 x 625

Interior

Flooring Laminate, Wood

Appliance Building, Business, Land, Lease

Laundry , 2

Exterior

Garage Spaces 1.0

Amenities Available Off Street Parking, Foyer Entry

Roof Type Asphalt,Rubber,Shingle

Total Parking Spaces 2

Building

Lot Description Level, Historic Designation

Story 2

Structure Type Brick,Wood

New Construction No

Schools

Elementary Schools West Terrace

Middle Schools Perry Heights

High Schools Francis Joseph Reitz

School District Evansville-Vanderburgh School Corp.

Others

Financing Cash,Conventional

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.

Nearby Locations

Austin Lame

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(812) 706-9625

austin@bhhsin.com

7220 Eagle Crest Boulevard, Evansville, IN 47715, United States

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509 SE First Street