512 E Riverside Drive Evansville, IN $ 199,000
512 E Riverside Drive
$ 199,000
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512 E Riverside Drive

Evansville, IN, 47713
$ 199,000
Bedrooms8 Baths2.0 Sq 2,844

Monthly Estimate*

$ 1,225

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Multi-Family Home for sale in Evansville, IN

for $199,000 with 8 bedrooms and 2 full baths. This 2,844 square foot home was built in 1894.

Outstanding investment opportunity featuring a 5-unit portfolio across three properties on E. Riverside Dr. The front property, 512 E. Riverside Dr., offers mixed-use potential with a main-level commercial space previously utilized as an insurance office, recently rented for $800/month. The upper level includes a 2-bedroom residential unit that was previously leased for $500/month. This property also includes a detached garage, adding additional value and utility. Situated just down the driveway, 514516 E. Riverside Dr. consists of a duplex with two 1-bedroom units, providing steady rental potential. This parcel also features a detached garage. Rounding out the portfolio is 663 E. Riverside Dr., a 2-bedroom single-family home with long-term tenants already in place, offering immediate and consistent rental income. With multiple income streams, a mix of residential and commercial use, and value-add potential, this portfolio is ideal for investors looking to expand or diversify their holdings.

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Multi-Family Active

Price

$ 199,000

Bedrooms

8

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Year Built

1894

Town/City

Evansville

County/Region

Vanderburgh

MLS | Web ID

202609071

Features
General
Heating Forced Air
Cooling Central Air Window
Sewer City
# of Buildings 3
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1894
New Construction No
Tenant Pays Electric Sewer Water
Subdivision None
Style Two Story
Stories Count 2
Township Pigeon
Class INVESTMENT
Type Duplex
Age 132
Net Income 6000
Rent Income 6000
Features Basement
Inside City Limits Yes
REO No
Status Detail 0
Area Vanderburgh County
High School Bosse
City Evansville
School District Evansville-Vanderburgh School Co
Total Sq Ft 4384
Elementary School Glenwood
Middle School Glenwood
Legal Description 512- SUHR. SUB PT LOT 3 WAGNER PL PT LOT 19 514/516 -SUHRHEINRICH'S SUB PT LOT 3 & WAGNER PLACE PT LOT 19 663- MAPLE GROVE LOT 7 BL 2
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202609071
Agent First Name Jonathan
Agent Last Name Baker
DOM 1
Tax Year 2025
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Interior
Basement Partial Basement
Flooring Carpet
Beds 4
Total Number of Units 5
Microwaves 0
Refrigerators 0
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 4
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 2
Ranges/Ovens 0
W/D Hookups 0
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Exterior
Exterior Vinyl
Pool No
Number of Parking Spaces 2
Lot Size Area 10454
Lot Dimensions 82x126 10x143; 74x148; 10x114; 28x120
Lot Description Level
Outbuilding None
Waterfront Y/N No
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* Excluded Features
List By
Jonathan Baker

Listing Agent

Baker Auction & Realty

Broker

bakersoldit@yahoo.com

Email

Affordability Calculator

$1,225
Per Month
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0%
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Monthly Principal & Interest
$1,225
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1236505 Elementary School
1237734 Middle School
Bosse High School High School
Pricing History
DatePricePrice ChangeDescription
3/20/2026$199,000 Listed Price

Map


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512 E Riverside Drive, Evansville, IN, 47713 is a Multi-Family Home for sale at $199,000 with 2,844 sqft. 512 E Riverside Drive has 8 bedrooms, 2.0 baths, and was built in 1894. The property's zip code is 47713 which is in Evansville, IN