Evansville, IN 47713 216 Oak Street

$186,000

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Presented By: Mitch Isbell with RE/MAX REVOLUTION; Cell: 812-499-0878
  • MLS# 202513781
  • 04/21/2025
  • Get pre-approved
  • Request Tour
  • Request Info
  • Beds • 6
  • Baths • 5
  • SQFT • 2,924

Home Details

Opportunity knocks with this 5-unit multifamily property in downtown Evansville, near the Haynies Corner arts district, the Riverfront and less than a mile away from the IU School of Medicine. This Fiveplex includes: two 2 bed/1 bath units, two 1 bed/1bath units and a studio apartment. This property needs significant TLC to bring it back to life but has huge upside potential for the right investor. None of the units are currently rented, offering a clean slate for renovations. Owner currently pays all utilities. Off street parking is available for tenants at the rear of the property. Possession at closing and property is sold as is.
Presented By: Mitch Isbell with RE/MAX REVOLUTION; Cell: 812-499-0878

Interior Features for 216 Oak Street

Bedrooms

Num. of 1 Bedrooms2
Num. of 2 Bedrooms2
Num. of 3 Bedrooms0
Num. of 4 Bedrooms0
Unit 1-# of Bedrooms1
Unit 2-# of Bedrooms2
Unit 3-# of Bedrooms1
Unit 4-# of Bedrooms2
Unit 5-# of Bedrooms
Above Grade Bedrooms5
Beds5
Below Grade Bedrooms

Bathrooms

Unit 1-# of Bathrooms1
Unit 2-# of Bathrooms1
Unit 3-# of Bathrooms1
Below Grade Baths

Other Interior Features

Total Finished SqFt2924
Basement Y/NYes
Above Grade Finished SqFt2924
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt0
Main Level SqFt1729
Num. of Efficiencies1
BasementSlab, Partial Basement
Basement MaterialBrick
Dishwasher(s)
Disposal(s)
Dryer(s)
FlooringVinyl
Microwaves
Ranges/Ovens
Refrigerators
Total Number of Units5
W/D Hookups1
Washers

Other Rooms

Total Rooms Below Grade

General for 216 Oak Street

# of Buildings1
Age156
Agent First NameMitch
Agent Last NameIsbell
Annual Electric Expense
Annual Fuel Expense
Annual Insurance Expense
Annual Trash Expense
AreaVanderburgh County
Assoc. Dues FrequencyNot Applicable
Associated Document Count1
Auction Y/NNo
Bathrooms5
CityEvansville
ClassINVESTMENT
CoolingWindow
DOM51
Elementary SchoolTekoppel
FIPS Code18163
FeaturesStorm Doors
Full Baths5
Half Baths
HeatingGas, Radiator
High SchoolFrancis Joseph Reitz
Legal DescriptionEASTERN ENL LOT 17 & PT LOT 18 BL 2
LocationCity/Town/Suburb, Near College Campus
Middle SchoolPerry Heights
Net Income-2147.12
New ConstructionNo
OwnerPaysBuilding Insurance, Cooling, Electric, Fuel, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
ParkingGravel, Street
Pet Restrictions Y/NNo
REONo
Rent Income0
School DistrictEvansville-Vanderburgh School Co
SewerCity
StatusActive
StatusActive
Status Detail0
Stories2
StyleTwo Story
SubdivisionEastern
Tax Year2025
Tenant PaysNone
Total Sq Ft2924
TownshipPigeon
TypeFiveplex
Virtual TourClick here
Year Built1869

Exterior for 216 Oak Street

Approx. Lot Size Acres0.12
DrivewayNone
Electric Meters1
ExteriorAluminum
Gas Meters1
Lot DescriptionLevel
Lot Dimensions37 x 144
Lot Size Area5227
Number of Parking Spaces0
OutbuildingNone
PoolNo
Water FeaturesNone
Water Meters1
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Perry Heights Middle School
High School Francis Joseph Reitz High School
Elementary School Tekoppel Elementary School

Rebekah Schenck

Realtor
Price $186,000
MLS#202513781
List Date 04/21/2025
Property Type Multi-Family
Phone (219) 280-1322
Get pre-approved
Request Tour
Request Info
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