Income producing home with long term tenant! This is a 3 bedroom, 1 bathroom home in Old Town Vincennes that has proven rental history. The current tenant is paying $700/month, has been there over 10 years and has an extended lease until January of 2027. This home has an added bonus, as it formerly had another 2 bedrooms and a bathroom upstairs prior to being closed off. This home has plenty of space and is the perfect investment home to add to your portfolio. Due to the tenant and current lease, this home will not qualify for any government loan types.
Closed
$35,000
501 N 2nd St, Vincennes, IN 47591
3beds
1,463sqft
Single Family Residence
Built in 1880
4,791 Square Feet Lot
$36,200 Zestimate®
$--/sqft
$1,250 Estimated rent
Home value
$36,200
Estimated sales range
Not available
$1,250/mo
Zestimate® history
Owner options
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$1,250/mo
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$1,250/mo
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$169/mo
Est. payment
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$169/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Tyler Simmons Cell:812-890-1827,
KLEIN RLTY&AUCTION, INC.
Bought with:
Tyler Simmons, RB14039924
KLEIN RLTY&AUCTION, INC.
Source: IRMLS,MLS#: 202414605
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 3
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Dining room
- Level: Main
- Area: 176
- Dimensions: 16 x 11
Kitchen
- Level: Main
- Area: 210
- Dimensions: 15 x 14
Living room
- Level: Main
- Area: 210
- Dimensions: 15 x 14
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range/Oven Hook Up Elec, Refrigerator, Gas Water Heater
- Laundry: Electric Dryer Hookup, Main Level, Washer Hookup
Features
- Laminate Counters, Tub/Shower Combination, Formal Dining Room
- Flooring: Hardwood, Tile
- Basement: Crawl Space,Partial
- Number of fireplaces: 1
- Fireplace features: Dining Room
Interior area
- Total structure area: 1,829
- Total interior livable area: 1,463 sqft
- Finished area above ground: 1,463
- Finished area below ground: 0
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio, Porch Covered
Lot
- Size: 4,791 Square Feet
- Features: Corner Lot, 0-2.9999, City/Town/Suburb
Details
- Additional structures: Shed
- Parcel number: 421221112005.000022
- Zoning: C2
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1880
Utilities & green energy
- Electric: Duke Energy Indiana
- Gas: CenterPoint Energy
- Sewer: Public Sewer
- Water: Public, Vincennes Water Utilities
Community & HOA
Community
- Features: Sidewalks
- Subdivision: Judah & Mantles
Location
- Region: Vincennes
Financial & listing details
- Tax assessed value: $43,200
- Annual tax amount: $811
- Date on market: 4/29/2024
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2025 | Sold | $35,000-49.9% |
Source:  IRMLS #202414605 Report a problem | ||
| 5/29/2025 | Pending sale | $69,900 |
Source: IRMLS #202414605 Report a problem | ||
| 3/21/2025 | Price change | $69,900-6.7% |
Source: IRMLS #202414605 Report a problem | ||
| 10/14/2024 | Price change | $74,900-16.7% |
Source: IRMLS #202414605 Report a problem | ||
| 4/29/2024 | Listed for sale | $89,900 |
Source: IRMLS #202414605 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $869 -2.9% | $43,200 +1.4% |
| 2024 | $894 +11.6% | $42,600 -2.3% |
| 2023 | $801 +5.6% | $43,600 +12.4% |
| 2022 | $759 +5% | $38,800 +5.7% |
| 2021 | $723 +1.6% | $36,700 +4.9% |
| 2020 | $711 -2.8% | $35,000 +1.7% |
| 2019 | $732 -0.7% | $34,400 -0.9% |
| 2018 | $737 -3.5% | $34,700 -0.6% |
| 2017 | $764 +2.9% | $34,900 -3.6% |
| 2016 | $742 -5.4% | $36,200 -5.2% |
| 2014 | $785 +5.8% | $38,200 +6.7% |
| 2013 | $742 -38.9% | $35,800 -40.8% |
| 2012 | $1,214 +39.1% | $60,500 +9.6% |
| 2011 | $873 +16.9% | $55,200 +48.8% |
| 2010 | $747 +17.1% | $37,100 +16.7% |
| 2009 | $638 -46.4% | $31,800 -14.5% |
| 2006 | $1,191 | $37,200 -30.2% |
| 2005 | -- | $53,300 |
Find assessor info on the county website
Neighborhood: 47591
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Nearby schools
GreatSchools rating
- 5/10Tecumseh-Harrison Elementary SchoolGrades: K-5Distance: 1.1 mi
- 5/10George Rogers Clark SchoolGrades: 6-8Distance: 2.7 mi
- 6/10Lincoln High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Tecumseh-Harrison
- Middle: Clark
- High: Lincoln
- District: Vincennes Community School Corp.
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Indiana
- Knox County
- Vincennes
- 47591
- 501 N 2nd St
Nearby cities
Nearby zip codes
Other Vincennes Topics
