Apartment Acquisitions · Evansville
We Buy Apartment Buildings In Evansville, IN
We are an active buyer of Evansville rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
Why Evansville
Why We Buy Multifamily In Evansville
Renters come to Evansville for healthcare and manufacturing employers and the University of Southern Indiana, and a role as the Tri-State region’s hub adds another layer of steady demand.
Our search covers East Side, West Side, Newburgh, and Henderson, KY. Small walk-ups, garden communities, and mixed-use buildings with apartments above retail are all in scope.
Healthcare and manufacturing employers
The University of Southern Indiana
A role as the Tri-State region’s hub
Our Buy Box
What We Buy In Evansville
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
- Life sciences, logistics, and manufacturing — including Eli Lilly and a major FedEx hub — drive job growth.
- A current rent roll and trailing twelve-month statement help us move fastest on a Evansville property, but we can start from an address and unit count.
- Because Vanderburgh County sets the assessed value, we review the property’s tax history as part of our first-pass underwriting.
Seller Guides
Selling A Building In Evansville
Evansville Seller FAQ
Is Evansville a market you actively buy in?
It is. We review Evansville apartment buildings of five or more units, with particular attention to East Side, West Side, Newburgh, and Henderson, KY.
Why is Evansville a good place to own rentals?
The renter base in Evansville draws on healthcare and manufacturing employers, the University of Southern Indiana, and a role as the Tri-State region’s hub, which gives well-run apartment buildings a steady pool of tenants.
Will you buy a Evansville property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
How does a sale to you work in Vanderburgh County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
What should Indiana sellers know about property taxes?
Indiana caps property taxes on residential rental property at 2% of gross assessed value, which adds predictability. Assessments are trended annually, and we underwrite the likely post-sale value.
Submit A Deal
Have A Property In Evansville?
A few details are enough to start. We respond to every Evansville submission, including off-market and pocket listings.
