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1321 N 3rd Street, 
Vincennes, IN 47591

$2,900,000


32

Beds


32

Baths


15,360

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Michael Melton, Office: 812-858-2400

Ryan Miller

ERA First Advantage Realty, Inc

Last updated:

January 13, 2026, 04:15 PM

MLS#

202549191

Source:

Indiana Regional MLS

About This Home

1321 N 3rd Street

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. Don't miss out on this chance to acquire a well-maintained asset with room for significant returns.

Home Facts

Multi-Family

32 Baths

32 Bedrooms

Built in 1973

Price Summary

2,900,000

$188 per Sq. Ft.

MLS #:

202549191

Last Updated:

January 13, 2026, 04:15 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

32

Bathrooms

Total Bathrooms:

32

Full Bathrooms:

32

Interior

Living Area:

15,360 Sq. Ft.


Structure

Structure

Architectural Style:

Two Story

Building Area:

15,360 Sq. Ft.

Year Built:

1973


Lot

Lot Size (Sq. Ft):

30,492


Finances & Disclosures

Finances

Price:

$2,900,000

Price per Sq. Ft:

$188 per Sq. Ft.

Source:Indiana Regional MLS
IRMLS 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. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.