501 Eric AVE, Vincennes, IN 47591-4446
501 Eric AVE, Vincennes, IN 47591-4446
501 Eric AVE, Vincennes, IN 47591-4446
501 Eric AVE, Vincennes, IN 47591-4446
501 Eric AVE, Vincennes, IN 47591-4446
501 Eric AVE, Vincennes, IN 47591-4446
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Kegan Inman

Kegan Inman

Inman Realty Company LLC

+1(812) 798-0204
Listed by Delmar Wagler • Integrity Realty Group LLC • Office: 812-636-5600
$ 1,185,000
Est. payment | /mo

24 Beds

24 Baths

11,784 SqFt

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$ 1,185,000
Est. payment | /mo
Save Virtual Tour

24 Beds

24 Baths

11,784 SqFt

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 11,784 sqft

MLS Listing ID IRM202646359

Bedrooms 24

Full Baths 24

HOA Y/N No

Year Built 1983

Annual Tax Amount $14,080

Tax Year 2026

Lot Size 0.408 Acres

Acres 0.408

Lot Dimensions 0.408

Property Sub-Type Apartment

Property Description

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.

Location

State IN

County Knox County

Rooms

Basement Slab

Interior

Heating Gas, Forced Air

Inclusions Building, Land, Lease

Fireplace N

Exterior

View Y/N true

Total Parking Spaces 20

Building

Lot Description Level

Story Two

Sewer Public Sewer

Water City

Level or Stories Two

New Construction No

Schools

Elementary Schools Vigo

Middle Schools Clark

High Schools Lincoln

School District Vincennes Community School Corp.

Others

Pets Allowed No

Tax ID 42-12-28-210-009.000-022

Acceptable Financing IRM202646359

Listing Terms IRM202646359

Special Listing Condition None

Pets Allowed Yes

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202646359

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.

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Kegan Inman
Kegan Inman

Managing Broker Indiana RB22002037

+1(812) 798-0204 | kegan@inmanrealty.com

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