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509 SE First Street
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.
W on Washington Ave, R on Second, L on Mulberry, R on 1st Street
| MLS # | 202631399 |
|---|---|
| Date Listed | 2026-08-03 |
| Status | Active |
| Property Type | Investment |
| Property SubType | Apartment Complex |
| Square Feet | 8,327 sqft |
| New Construction | No |
| Style | Other |
| Type | Apartment Complex |
| Basement | Yes |
| Bedrooms | 15 |
| Bathrooms | 11 |
| Year Taxes Payable | 2026 |
| Year Built | 1919 |
| Virtual Tour | propertypanorama.com » |
| Days on Market | 61 |
| Homestead Year | No |
| Living Room | 4 × 0 | Level |
| Family Room | 838 × 700 | Level |
| Kitchen | 840 × 625 | Level |
| Full Baths | 15 Main |
| Construction | Apartment Complex |
|---|---|
| Lot Size | 16,988 sq ft |
| Acreage | 0.39 Acres |
| Lot Dimensions | 112.5 x 150 |
| Fence | None |
| Area | Vanderburgh County |
|---|---|
| County | Vanderburgh |
| Subdivision | None |
| Township | Pigeon |
| City | Evansville |
| State | IN |
| Zip | 47713 |
| School District | Evansville-Vanderburgh School Corp. |
|---|---|
| Elementary | West Terrace |
| Middle School | Perry Heights |
| High School | Francis Joseph Reitz |
| Assoc. Dues | $0.00 Not Applicable |
|---|
MLS# 202631399
Listing Provided Courtesy of Ashley Riordan-Elpers
Rental Property Realty
Listing updated September 29, 2026 at 12:15 pm
Last checked 17 minutes ago
IDX information provided by the Indiana Regional MLS. IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS.