501 Eric Avenue, Vincennes, IN 47591

Vincennes
Local realty services provided by:Better Homes and Gardens Real Estate Connections
501 Eric Avenue,Vincennes, IN 47591
$1,185,000
Virtual Tour
  • 24 Beds
  • 24 Baths
  • 11,784 sq. ft.
  • Multi-family
  • Active
Listed by: delmar waglerOffice: 812-636-5600
Office: integrity realty group llc.
MLS#:202646359
Source:Indiana Regional MLS

Price summary

  • Price:$1,185,000
  • Price per sq. ft.:$100.56

About this home

12-unit townhome community in Vincennes – $1,185,000. Twelve two-story 2 bed / 2 bath townhomes, each with living room, kitchen, laundry room, private entry, and its own street address (501–523 Eric Ave). Brick and vinyl exteriors, metal roofs, off-street parking. Separately metered gas and electric; tenants pay all utilities including water and sewer; city trash pickup. Fully leased with long-term tenants. Gross rent $10,875/month ($130,500/year); six units already at $1,000 with clear upside on the other six. Approx. 7.3% cap on actual 2025-pay-2026 taxes ($14,080) and insurance. Minutes from Vincennes University and Good Samaritan Hospital. Financial summary available to qualified buyers. Do not disturb tenants.

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Home facts

  • Year built:1983
  • Subdivision & Development:None
  • Listing ID #:202646359
  • Added:1 day(s) ago
  • Updated:November 12, 2026 at 05:48 AM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:24
  • Full bathrooms:24
  • Flooring:Concrete, Laminate
  • Basement Description:Slab
  • Living area:11,784 sq. ft.

Heating and cooling

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

Structure and exterior

  • Year built:1983
  • Building area:11,784 sq. ft.
  • Lot area:0.41 Acres
  • Lot Features:Level
  • Architectural Style:Two Story
  • Construction Materials:Brick, Metal, Vinyl
  • Levels:2 Stories

Schools

  • High school:Lincoln
  • Middle school:Clark
  • Elementary school:Vigo

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$1,185,000
  • Price per sq. ft.:$100.56
  • Tax amount:$17,360
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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