1224 N First Ave

$160,000
Price
4
Beds
2,986 Sq. Ft.
$54 / Sq. Ft.
2,986
Sq. Ft.
$54
per Sq. Ft.

Description

Attention investors, this 5 unit building with a parking lot on a corner offers steady income in a convenient location right on First Ave. Currently offers Four one bedroom units and a efficiency, and a parking lot. With easy access to Diamond Ave and north side shopping. Some updates made by current owner, 3 units are currently rented out with 2 vacant and ready for some TLC for more income.Attention investors, this 5 unit building with a parking lot on a corner offers steady income in a convenient location right on First Ave. Currently offers Four one bedroom units and a efficiency, and a parking lot. With easy access to Diamond Ave and north side shopping. Some updates made by current owner, 3 units are currently rented out with 2 vacant and ready for some TLC for more income.

Property Details for 1224 North First Avenue

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
Yes
LISTING UPDATED: 10/24/2025 03:27 AM

Property Details for 1224 North First Avenue

StatusActive
MLS #202505014
Days on Market300
Taxes$2,383 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Fiveplex
Year Built1904
Lot Size0.08 AC / 3,419 SF
CountyVanderburgh County

Location

Listing Courtesy of Pinnacle Realty Group
Add your commute

Building Information for 1224 North First Avenue

Stories2Residences5Year Built1904Building Size-Lot Size0.08 AC / 3,419 SF

Payment Calculator

$989 per month

30 year fixed, 6.28% Interest

Principal and Interest

$791

Property Taxes

$199

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1224 North First Avenue

Summary
Location and General Information
  • Area: Vanderburgh County
  • City: Evansville
  • Zip Code: 47710
  • City Zoning: C-4 General Commercial
  • State: IN
  • Township: Pigeon
  • Geo Latitude: 38
  • Geo Longitude: -88
  • Fips Code: 18163
  • Directions To Property: From Lloyd Expressway take the exit towards M.L. King Blvd/First Ave then turn right onto N First Ave. Property is on the left side
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 82-06-19-027-064.030-029
School Information
  • School District: Evansville-Vanderburgh School Corp.
  • Elementary: Cedar Hall
  • Middle School: Cedar Hall
  • High School: Central
Parking
  • Number Of Parking Spaces: 5
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Fiveplex
  • Approx Lot Size Acres: 0.0785
  • Lot Dimensions: 0x0
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 2986.0
  • Upper Level Sqft: 1391.0
  • Approx Lot Size Sqft: 3419.0
  • Above Grade Finished Sqft: 2986.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 2986.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Corner
  • Main Level Sqft: 1595.0
Property and Assessments
  • New Construction: No
  • Year Built: 1904
  • Age: 121
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking
  • Exterior: Wood
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 4
  • Number of Refrigerators: 4
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Basement: No
  • Basement/Foundation: Crawl
  • Cooling: Window
  • Flooring: Carpet, Tile
  • Heating/Fuel: Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 4
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 4
  • Total Number of Full Baths: 5
  • Total Number of Half Baths: 0
  • Total Baths: 5
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 4
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 1
  • Num of Units Rented: 4
  • Number of Units: 5
Income & Expenses Information
  • Annual Electric Expense: $6,238.48
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $32,940
  • Annual Insurance Expense: $4,088
  • Annual Maint. Expense: $720
  • Annual Misc: $0
  • Annual Net Income: $14,471
  • Annual Property Tax: $2,383
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $5,040
  • Gross Monthly Income: $2,745
  • Gross Monthly Rent: $2,745
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 1
  • Unit 1-Currently Rented: Yes
  • Unit 1-Lease Exp Date: 10-01-2025
  • Unit 1-Level: Main
  • Unit 1-Unit Number: A
  • Unit 1-Unit Rent $: $795
Unit 2
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Lease Exp Date: 04-01-2025
  • Unit 2-Level: Main
  • Unit 2-Unit Number: B
  • Unit 2-Unit Rent $: $775
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 0
  • Unit 3-Num of Rooms: 2
  • Unit 3-Currently Rented: Yes
  • Unit 3-Lease Exp. Date: 06-01-2025
  • Unit 3-Level: Upper
  • Unit 3-Unit Number: C
  • Unit 3-Unit Rent $: $375
Unit 4
  • Unit 4-Num of Bedrooms: 1
  • Unit 4-Currently Rented: Yes
  • Unit 4-Lease Exp Date: 10-01-2025
  • Unit 4-Level: Upper
  • Unit 4-Unit Number: D
  • Unit 4-Unit Rent $: $800
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Electric, Lawn Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cable, None

Property History for 1224 North First Avenue

DateEvent & SourcePriceAppreciation
Feb 16, 2025

Price Change

Indiana Regional MLS #202505014

$180,000
Feb 16, 2025

Listed (Active)

Indiana Regional MLS #202505014

$160,000
Mar 9, 2023

Sold

Indiana Regional MLS #202215248

$159,900
Feb 3, 2023

Pending

Indiana Regional MLS #202215248

Apr 27, 2022

Price Change

Indiana Regional MLS #202215248

$165,000
Apr 27, 2022

Listed (Active)

Indiana Regional MLS #202215248

$159,900
DateEvent & SourcePrice
02/16/2025

Price Change

Indiana Regional MLS #202505014

$180,000
02/16/2025

Listed (Active)

Indiana Regional MLS #202505014

$160,000
03/09/2023

Sold

Indiana Regional MLS #202215248

$159,900
02/03/2023

Pending

Indiana Regional MLS #202215248

04/27/2022

Price Change

Indiana Regional MLS #202215248

$165,000
04/27/2022

Listed (Active)

Indiana Regional MLS #202215248

$159,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1224 North First Avenue

Taxable ValueLand$4,300Additions$124,100Total$128,400
Tax Record2024$2,821 ($235 / month)
Home Facts
Baths6Total Finished SqFt2,986 SqFtAbove Grade Finished SqFt2,986 SqFtStories2Lot Size3,420 SqFtStyleMulti-Family Dwelling (2-4)Year Built1904Year Renovated1980CountyVANDERBURGHAPN82-06-19-027-064.030-029

Schools near 1224 North First Avenue

This home is within Evansville Vanderburgh Sch Corp.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Cedar Hall Community School
PublicPK to 8

Central High School
Public9 to 12

Harwood Career Prep High School
Public9 to 12

EVSC Virtual Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1224 North First Avenue is a multi-family home for sale in Evansville, IN 47710. This property was listed for sale on February 17, 2025 by Pinnacle Realty Group, it's currently listed at $160,000. It has been on the market for a total of 300 days and was last sold on March 10, 2023. This listing's school district is Evansville Vanderburgh Sch Corp. Nearby schools include Cedar Hall Community School, Central High School and Harwood Career Prep High School. 1224 North First Avenue is a 4-bed, 5-bath, 2,986 sqft multi-family home built in 1904.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pinnacle Realty Group

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.