Rent report generated Mar 3, 2025
The Rent Potential of
112 W Louisiana St Evansville, IN
is $890 – $1,800/mo.
Rent Advice
This 1318 sqft bungalow in Evansville offers solid rental potential. With 2 beds/1 bath and a full unfinished basement, it could yield $890-$1800 monthly rent. Recently sold for $38,000, it's priced well below the neighborhood median of $74,000. The property needs renovation, particularly on the gutted second floor, but this presents an opportunity to add value and potentially convert to a duplex.
Focus on renovating the second floor and basement to maximize rental income. Consider converting to a duplex if zoning allows, which could significantly boost returns. Prioritize updates that appeal to renters, such as modern kitchen and bath fixtures. Given the low purchase price, there's ample room for value-adding improvements while maintaining a favorable price-to-rent ratio.
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