Townhouse Investment Properties for Sale in Evansville, IN

Property at 1750 Greencastle Dr, Evansville, IN
$ 184,900
ROI
29.5ROI percentage
Cash Flow/m
Dollar sign499
  • 3 Bed
  • 2 Bath
  • 1230 sft
1750 Greencastle Dr, Evansville, IN, 47715
Property at 102 Hampton Dr, Evansville, IN
$ 117,000
ROI
19.9ROI percentage
Cash Flow/m
Dollar sign6
  • 2 Bed
  • 2 Bath
  • 992 sft
102 Hampton Dr, Evansville, IN, 47715
Property at 3420 Manhattan Blvd, Evansville, IN
$ 179,900
ROI
29.0ROI percentage
Cash Flow/m
Dollar sign465
  • 2 Bed
  • 2 Bath
  • 1172 sft
3420 Manhattan Blvd, Evansville, IN, 47711
or
Here are some other similar properties you might be interested in:
Property at 802 E County Line Road, Underwood, IN
Fix & Flip
Listed for sale 1 day ago
$ 100,000
ROI
25.8ROI percentage
Cash Flow/m
Dollar sign168
  • 2 Bed
  • 1 Bath
  • 720 sft
802 E County Line Road, Underwood, IN, 47177
Property at 1355 Willard St, Gary, IN
Listed for sale 2 days ago
$ 100,000
ROI
25.6ROI percentage
Cash Flow/m
Dollar sign163
  • 1 Bed
  • 2 Bath
  • 1440 sft
1355 Willard St, Gary, IN, 46404
Property at 56670 Windsor Ave, South Bend, IN
Listed for sale 5 days ago
$ 100,000
ROI
26.0ROI percentage
Cash Flow/m
Dollar sign174
  • 3 Bed
  • 3 Bath
  • - sft
56670 Windsor Ave, South Bend, IN, 46619
Property at 1302 Upper 11th St #11, Vincennes, IN
Listed for sale 5 days ago
$ 100,000
ROI
26.0ROI percentage
Cash Flow/m
Dollar sign173
  • 3 Bed
  • 2 Bath
  • 1503 sft
1302 Upper 11th St #11, Vincennes, IN, 47591
Property at 1902 N Linwood Ave, Indianapolis, IN
Currently Rented
$ 100,000
ROI
25.5ROI percentage
Cash Flow/m
Dollar sign161
  • 2 Bed
  • 1 Bath
  • 1456 sft
1902 N Linwood Ave, Indianapolis, IN, 46218
Property at 216 N 9th St, Goshen, IN
Fix & Flip
Listed for sale 7 days ago
$ 100,000
ROI
26.1ROI percentage
Cash Flow/m
Dollar sign178
  • 4 Bed
  • 2 Bath
  • 2128 sft
216 N 9th St, Goshen, IN, 46528
Property at 915 Jackson St, Mishawaka, IN
$ 100,000
ROI
25.8ROI percentage
Cash Flow/m
Dollar sign167
  • 2 Bed
  • 1 Bath
  • 920 sft
915 Jackson St, Mishawaka, IN, 46544
Property at 1708 S Irvington Dr, Yorktown, IN
$ 100,000
ROI
26.3ROI percentage
Cash Flow/m
Dollar sign182
  • 3 Bed
  • 1 Bath
  • 875 sft
1708 S Irvington Dr, Yorktown, IN, 47396
Property at 506 Wayne Ave, Crawfordsville, IN
$ 100,000
ROI
25.9ROI percentage
Cash Flow/m
Dollar sign170
  • 3 Bed
  • 1 Bath
  • 960 sft
506 Wayne Ave, Crawfordsville, IN, 47933
Property at 553 E John St, Nappanee, IN
$ 100,000
ROI
26.3ROI percentage
Cash Flow/m
Dollar sign182
  • 3 Bed
  • 1 Bath
  • 1184 sft
553 E John St, Nappanee, IN, 46550
Property at 10151 Brann Rd, Poland, IN
$ 100,000
ROI
-ROI percentage
Cash Flow/m
Dollar sign-
  • 2 Bed
  • 1 Bath
  • 992 sft
10151 Brann Rd, Poland, IN, 47868
Property at 11093 County Road 50, Ligonier, IN
$ 100,000
ROI
32.5ROI percentage
Cash Flow/m
Dollar sign354
  • - Bed
  • - Bath
  • - sft
11093 County Road 50, Ligonier, IN, 46767
Property at 13881 N 400 W, Milford, IN
$ 100,000
ROI
25.4ROI percentage
Cash Flow/m
Dollar sign158
  • 3 Bed
  • 2 Bath
  • - sft
13881 N 400 W, Milford, IN, 46542
Property at 411 Linden Dr, Spiceland, IN
$ 100,000
ROI
26.4ROI percentage
Cash Flow/m
Dollar sign185
  • 3 Bed
  • 2 Bath
  • 1008 sft
411 Linden Dr, Spiceland, IN, 47385
Property at 1125 N Bell St, Kokomo, IN
$ 100,000
ROI
26.6ROI percentage
Cash Flow/m
Dollar sign191
  • 3 Bed
  • 2 Bath
  • 1392 sft
1125 N Bell St, Kokomo, IN, 46901
Property at 220 E 29th St, Anderson, IN
Rental Income
$ 100,000
ROI
33.3ROI percentage
Cash Flow/m
Dollar sign378
  • 2 Bed
  • 1 Bath
  • 924 sft
220 E 29th St, Anderson, IN, 46016
Property at 18908 N Wheeling Ave, Gaston, IN
$ 100,000
ROI
26.0ROI percentage
Cash Flow/m
Dollar sign174
  • 3 Bed
  • 1 Bath
  • 1508 sft
18908 N Wheeling Ave, Gaston, IN, 47342
Property at 1119 S 17th St, Terre Haute, IN
$ 100,000
ROI
26.8ROI percentage
Cash Flow/m
Dollar sign196
  • 3 Bed
  • 2 Bath
  • 2072 sft
1119 S 17th St, Terre Haute, IN, 47802
Property at 250 Sandalwood Ct, Portage, IN
$ 100,000
ROI
26.1ROI percentage
Cash Flow/m
Dollar sign177
  • 3 Bed
  • 2 Bath
  • - sft
250 Sandalwood Ct, Portage, IN, 46368
Property at 107 Ruby Rd, Attica, IN
$ 100,000
ROI
27.0ROI percentage
Cash Flow/m
Dollar sign202
  • 3 Bed
  • 1 Bath
  • 1225 sft
107 Ruby Rd, Attica, IN, 47918
Property at 413 W National Ave, West Terre Haute, IN
$ 100,000
ROI
25.4ROI percentage
Cash Flow/m
Dollar sign156
  • 2 Bed
  • 1 Bath
  • 1180 sft
413 W National Ave, West Terre Haute, IN, 47885
Property at 1914 N 600th Rd E, Shelbyville, IN
Fix & Flip
$ 100,000
ROI
25.1ROI percentage
Cash Flow/m
Dollar sign150
  • 1 Bed
  • 1 Bath
  • 1138 sft
1914 N 600th Rd E, Shelbyville, IN, 46176
Property at 9245 S Pointe Retreat Dr, Bloomington, IN
$ 100,000
ROI
26.5ROI percentage
Cash Flow/m
Dollar sign189
  • 1 Bed
  • 1 Bath
  • 460 sft
9245 S Pointe Retreat Dr, Bloomington, IN, 47401
Property at 507 E McClurg St, Frankfort, IN
Fix & Flip
$ 100,000
ROI
25.7ROI percentage
Cash Flow/m
Dollar sign165
  • 2 Bed
  • 1 Bath
  • 960 sft
507 E McClurg St, Frankfort, IN, 46041

Why Invest in Evansville, Indiana?

Evansville townhouses offer investors affordable entry into a stable rental market along the Ohio River Valley. With median home prices around $150K-$190K, these properties deliver strong rent-to-price ratios and positive cash flow potential. The city's healthcare and manufacturing sectors support consistent demand, while infrastructure projects boost long-term appreciation. Rental yields average 7-9% with cap rates around 8%, making townhouses ideal for cash-flow focused portfolios. Ongoing revitalization enhances neighborhood appeal for family renters.

12%
Avg. ROI
8.2%
Rental Yield
8.1%
Cap Rate
$450/mo
Avg. Cash Flow
$1150/mo
Avg. Rent
4.5%
1Y Appreciation

Frequently Asked Questions

Yes, townhouses offer strong cash flow due to low acquisition costs around $150K-$190K and average rents of $1,150. Stable employment from major employers supports tenant retention. Cap rates near 8% make them attractive for passive income.

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