509 SE First Street, Evansville, IN 47713

Evansville
Local realty services provided by:Better Homes and Gardens Real Estate Connections
509 SE First Street,Evansville, IN 47713
$895,000
Virtual Tour
  • 15 Beds
  • 11 Baths
  • 8,327 sq. ft.
  • Multi-family
  • Active
Listed by: ashley riordan-elpers
Office: rental property realty
MLS#:202631399
Source:Indiana Regional MLS

Price summary

  • Price:$895,000
  • Price per sq. ft.:$107.48

About this home

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.

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Home facts

  • Year built:1919
  • Subdivision & Development:None
  • Listing ID #:202631399
  • Added:2 day(s) ago
  • Updated:August 06, 2026 at 02:49 AM

Rooms and interior

  • Bedrooms:15
  • Total bathrooms:11
  • Full bathrooms:11
  • Flooring:Laminate, Wood
  • Basement Description:Partial Basement
  • Living area:8,327 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Rubber, Shingle
  • Year built:1919
  • Building area:8,327 sq. ft.
  • Lot area:0.39 Acres
  • Lot Features:Historic Designation, Level
  • Construction Materials:Brick, Wood

Schools

  • High school:Francis Joseph Reitz
  • Middle school:Perry Heights
  • Elementary school:West Terrace

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$895,000
  • Price per sq. ft.:$107.48

Parking

  • Garage spaces:1
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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