1321 N 3rd Street Vincennes, IN 47591
Listing Courtesy of: INDIANA REGIONAL MLS, INC / ERA First Advantage Realty, Inc. / Michael Melton / Ryan Miller - Contact:  Office: 812-858-2400

  1321 N 3rd Street Vincennes, IN 47591

Active (3 Days)
$2,900,000 (USD)
15,360
SQFT

Description

Discover a lucrative investment opportunity with this exceptional 32-unit apartment complex located at 1321 N. 3rd St., Vincennes, IN 47591. This property boasts 12 fully renovated one-bedroom, one-bath units, showcasing modern flooring, stylish trims, contemporary fixtures, sleek cabinetry, and high-end appliances. 7 units are 80-90% renovated with appliances on site as well as other materials. The renovations not only enhance aesthetic appeal but also ensure higher rental demand and increased revenue potential. The exterior of the building has seen significant upgrades, including improvements to the parking lot and mailbox area, creating a welcoming environment for residents. With half of the units already rehabilitated, investors have the unique opportunity to complete renovations on the remaining 13 units, further increasing property value and maximizing rental income. Located in a desirable area, this apartment complex offers convenience to local amenities, schools, and public transportation, making it an attractive residence for tenants seeking comfort and accessibility. Positioned for growth, this property is ideal for investors looking to capitalize on the increased rental opportunities by enhancing remaining units and updating common areas. Dont miss out on this chance to acquire a well-maintained asset with room for significant returns.

MLS #:
202549191
Taxes
$19,829(2025)
Lot Size
0.7 acres
Type
Multifamily
Year Built
1973
Style
Two Story
School District
Vincennes Community School Corp.
County
Knox County
Community
Mass & Watson

Listed By

Michael Melton, ERA First Advantage Realty, Inc., Contact: Office: 812-858-2400
Ryan Miller, ERA First Advantage Realty, Inc.
Source
INDIANA REGIONAL MLS, INC
Last checked Dec 18 2025 at 9:56 AM GMT+0000
Bathroom Details
Subdivision
  • Mass & Watson
Lot Information
  • Level
Heating and Cooling
  • Other Heating System
  • Wall Ac
Basement Information
  • Crawl
Flooring
  • Laminate
Exterior Features
  • Vinyl
  • Brick
Utility Information
  • Utilities: Public
  • Sewer: Public
School Information
  • Elementary School: Tecumseh-Harrison
  • Middle School: Clark
  • High School: Lincoln
Stories
  • 2
Living Area
  • 15,360 sqft
Additional Information: ERA First Advantage Realty, Inc. | Office: 812-858-2400
Location
   
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Disclaimer: 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. © 2025 Indiana Regional MLS.. 12/18/25 01:56