702-704 SE Second Street
Property Description
In the heart of Evansville's Haynie's Corner Arts District, between the riverfront and downtown, this beautifully updated Italianate property blends mid-19th-century character with modern investment appeal. Originally built circa 1850, it now offers four luxury apartments plus a spacious one-bedroom carriage house apartment above an oversized two-car garage. Together, these units generate approximately $68,000 in annual gross rent. The right-side owners' unit underwent a complete renovation and brick addition circa 2010, featuring quality finishes & tile, wood & hard surface flooring, and luxury details that shine today. A new roof was installed in 2025. The left side of the duplex presents a rare opportunity for transformation-ideal for a large two or three bedroom townhome conversion or additional rental space. All of this is just steps from neighborhood festivals, local dining, and the medical school campus. Properties with this combination of historic curb appeal, updated systems, income potential, and prime location are rare in Evansville's core. Showings by accepted offer only, to respect tenant privacy, it's time to grow your portfolio today.
Broker Details
Berkshire Hathaway HomeServices Indiana Realty (812) 474-7000
MLS ID: 37370 State License Number: RB14052159
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $568,000 |
| No. of Units: | 6 |
| Year Built: | 1899 |
| Lot Size: | 6,794.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $94,667 |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 6 |
ID: 3yd-SWAORIN-202532171
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
112 W Main Street, Unit 110
Mount Olive, Illinois
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout