1321 N 3rd Street, Vincennes, IN 47591

Local realty services provided by:Better Homes and Gardens Real Estate Connections
1321 N 3rd Street,Vincennes, IN 47591
$2,900,000
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  • 32 Beds
  • 32 Baths
  • 15,360 sq. ft.
  • Multi-family
  • Active
Listed by: michael melton, ryan millerOffice: 812-858-2400
Office: era first advantage realty, inc
MLS#:202549191
Source:Indiana Regional MLS

Price summary

  • Price:$2,900,000
  • Price per sq. ft.:$188.8

About this home

Discover a lucrative investment opportunity with this exceptional 32-unit apartment complex located at 1321 N. 3rd St., Vincennes, IN 47591. This property boasts 11 fully renovated one-bedroom, one-bath units, showcasing modern flooring, stylish trims, contemporary fixtures, sleek cabinetry, and high-end appliances. 5 units are 80-90% renovated with appliances on site as well as other materials. The renovations not only enhance aesthetic appeal but also ensure higher rental demand and increased revenue potential. The exterior of the building has seen significant upgrades, including improvements to the parking lot and mailbox area, creating a welcoming environment for residents. With half of the units already rehabilitated, investors have the unique opportunity to complete renovations on the remaining units, further increasing property value and maximizing rental income. Located in a desirable area, this apartment complex offers convenience to local amenities, schools, and public

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Home facts

  • Year built:1973
  • Listing ID #:202549191
  • Added:56 day(s) ago
  • Updated:February 10, 2026 at 04:35 PM

Rooms and interior

  • Bedrooms:32
  • Total bathrooms:32
  • Full bathrooms:32
  • Living area:15,360 sq. ft.

Heating and cooling

  • Cooling:Wall AC

Structure and exterior

  • Year built:1973
  • Building area:15,360 sq. ft.
  • Lot area:0.7 Acres

Schools

  • High school:Lincoln
  • Middle school:Clark
  • Elementary school:Tecumseh-Harrison

Utilities

  • Water:Public
  • Sewer:Public

Finances and disclosures

  • Price:$2,900,000
  • Price per sq. ft.:$188.8
  • Tax amount:$7,600
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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