6223 Fox Ridge Road

Evansville, IN

$150,000

6223 Fox Ridge Road, Evansville, IN 47712

Evansville, IN 47712

MLS# IRM202642135

Listed today

4 Beds
4 Baths
2,650 Sq. Ft.

About this home

4 RENTAL UNITS + 2.3 ACRES = MULTIPLE INCOME & DEVELOPMENT OPPORTUNITIES. RARE OPPORTUNITY TO OWN A FOURPLEX ON 2.3 ACRES JUST MINUTES FROM USI! Located on Evansville's desirable West Side, just 4 minutes west of the University of Southern Indiana off the Lloyd Expressway and just inside Posey County, this property offers an exceptional combination of existing rental units, value-add potential, and room for future expansion! This all-brick fourplex features approximately 2,650 square feet with four individual 1-bedroom, 1-bathroom units, each offering approximately 662 square feet of living space with 8-foot ceilings, a full kitchen with eat-in dining area and living room. The single-story building sits on a slab foundation and features a metal roof, all-electric utilities, septic system, German Township water, and parking for 9+ vehicles. VALUE-ADD OPPORTUNITY! All four units are in need of renovation and updating, offering investors the ability to improve the property and increase rental income. Two units are currently tenant-occupied (month to month long term tenants), while two are vacant and available for renovations. With USI just minutes away, the location offers potential appeal to students, faculty, corporate housing, and traditional long-term renters. For an owner-occupant investor, the property also presents an opportunity to live in one unit while collecting rental income from the others. THE REAL BONUS... OVER 2 ACRES OF ADDITIONAL OPEN LAND! With the existing fourplex strategically positioned near the eastern corner of the 2.3-acre parcel, the remaining acreage creates opportunities beyond the existing rental income. Explore the potential for an additional multifamily building, self-storage facilities, sub-divide for a single-family residence, or agricultural leasing to a neighboring farmer. The possibilities for maximizing this property's long-term value are worth exploring! All potential uses are subject to zoning, subdivision requirements, utility availability, and applicable approvals. Whether your strategy is to RENOVATE & HOLD, EXPAND YOUR RENTAL PORTFOLIO, CREATE ADDITIONAL INCOME STREAMS, OR EXPLORE FUTURE DEVELOPMENT, this property offers multiple avenues for potential investment growth in a convenient location near USI, Evansville's West Side amenities, and the Lloyd Expressway. Property being sold AS-IS. Two units currently occupied; Tenants' Rights Apply. Two units vacant. All showings by appointment only.

Property Details

Type
Residential
Year Built
1977
Lot Size
2.3 acres
Listed
today
County
Posey County
Listing Office
Elite Home and Land Realty

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Principal & interest
$758
Loan amount
$120,000

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Listed by Elite Home and Land Realty.

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IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the Broker Listing Cooperative listing service as of October 10, 2026 at 11:30 AM EDT. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Based on information submitted to the MLS GRID as of October 10, 2026 at 11:30 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.