This 2,500-square-foot residential property, constructed in 1910, is located at 309 N 4th St in the deeply historic city of Vincennes, Indiana (Zip Code 47591). Presenting an exceptionally rare equity-building opportunity at just $52,900, this two-story Craftsman-style home features a generous footprint containing four bedrooms and two full bathrooms. The property serves as a classic “diamond in the rough,” preserving prized early-20th-century architectural elements while requiring targeted restoration and TLC to achieve its full potential.
The exterior displays the classic, structural stability of the Craftsman era, highlighted by a deep, covered front porch perfect for outdoor relaxation, as well as a charming secondary exterior balcony platform on the second floor. Inside, the 2,500-square-foot floor plan delivers the grand room proportions, high vertical ceiling clearances, and natural flow characteristic of pre-war American design. The main level common areas preserve their rich historic integrity, featuring authentic original hardwood flooring, functional pocket doors to section off living spaces, and a formal dining hall anchored by a built-in storage hutch assembly and a central fireplace focal point.
The kitchen is highly functional and spacious, positioned immediately adjacent to a dedicated main-floor utility laundry room—bypassing the inconvenient basement configurations common to homes from this decade. The property sits on a manageable 6,229-square-foot town lot that minimizes ongoing yard maintenance while leaving a comfortable perimeter footprint for backyard gatherings or gardening. Offered at a highly competitive baseline cost tier, this property is an ideal acquisition for real estate investors, professional house flippers, or preservation-minded buyers ready to inject sweat equity into a classic home.
📋 Property Specifications
💰 Price: $52,900
📍 Address: 309 N 4th St, Vincennes, IN 47591
📐 Interior Size: 2,500 sqft
🌳 Lot Size: 6,229 sqft (0.14 Acres)
🛏️ Bedrooms: 4
🛁 Bathrooms: 2 Full
🏗️ Year Built: 1910
🪵 Period Elements: Hardwood flooring, functional pocket doors, and built-in formal dining storage
🛠️ Condition: Fixer-Upper / Cosmetic & System TLC Required / High-Equity Canvas
🔍 Key Features & Investment Potential Explained
🏛️ True 1910 Craftsman Volume: Spanning 2,500 square feet, the heavy-timber structural skeleton delivers a vast interior footprint and character-rich layout that cannot be replicated at modern construction cost baselines.
🪵 Intact Built-Ins & Architecture: The inclusion of original pocket doors, narrow-strip hardwoods, and a custom dining room built-in cabinet saves an investor thousands of dollars in sourcing costly architectural salvage pieces to maintain period accuracy.
👖 Convenient Main-Floor Laundry Wing: The placement of a dedicated laundry utility room directly off the kitchen core modernizes the daily workflow of the house, keeping household tasks isolated on the main level.
📈 Exceptional Capital-Growth Runway: Priced at an accessible $52,900, this home sits well below regional averages for finished properties, leaving an expansive financial margin to fund major mechanical, kitchen, and bathroom updates.
🚪 Indoor-Outdoor Living Footprints: Between the sweeping covered front veranda and the private second-story balcony deck, the exterior framing provides excellent fresh-air retreat zones that add immense consumer value for future resale or rental placement.
📍 Central Historic Vincennes Location: Situated on North 4th Street, residents enjoy a highly convenient urban location, keeping the property within minutes of the Wabash Riverfront walking trails, Vincennes University campus, local historic monuments, and primary commuter transit corridors.
