520 SE Riverside Drive Evansville, IN $ 345,000
520 SE Riverside Drive
$ 345,000
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520 SE Riverside Drive

Evansville, IN, 47713
$ 345,000
Bedrooms5 Baths4.1 Sq 2,846

Monthly Estimate*

$ 2,178

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Multi-Family Home for sale in Evansville, IN

for $345,000 with 5 bedrooms and 4 full baths, 1 half bath. This 2,846 square foot home was built in 1929.

Rare opportunity to own a four-unit investment property in one of downtown Evansville's most recognizable riverfront corridors. Situated directly on SE Riverside Drive, this historic property offers a unique blend of character, income potential, and an unbeatable location. The building features four rental units, including one 2-bedroom unit and three 1-bedroom units. The front units enjoy beautiful views of the Ohio River area, while the expansive covered front porch provides the perfect place to take in sunsets and the downtown riverfront atmosphere. Additional features include a fenced backyard, detached 2-car garage, and timeless architectural details that set this property apart. Located just steps from the riverfront Greenway and directly across from the Evansville Museum, with easy access to downtown dining, entertainment, and the IU School of Medicine campus, this is an exceptional opportunity for investors looking to expand their portfolio with a distinctive income-producing property in a highly desirable location.

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Multi-Family Active

Price

$ 345,000

Bedrooms

5

Full Bath

4

Half Bath

1

Property Type

Multi-Family

Taxes

$ 3,965

Style

Fourplex

Year Built

1929

Town/City

Evansville

County/Region

Vanderburgh

MLS | Web ID

202626703

Features
General
Heating Forced Air Wall Heater
Cooling Central Air Window
Sewer City
Status Active Active
Full Baths 4
Half Baths 1
Bathrooms 5
Year Built 1929
Parking Off Street Street
New Construction No
Tenant Pays Electric Heating Water
Subdivision None
Style Two Story
Stories Count 3
Township Pigeon
Class INVESTMENT
Type Fourplex
Age 97
Net Income 38531
Rent Income 52162
Features Basement Ceiling Fan Fenced Yard Fireplace Off Street Parking Near Walking Trail Storage Ceiling-9+ Ceiling-Tray Closet(s) Walk-in Eat-In Kitchen Foyer Entry Porch Covered Washer Hook-Up
Inside City Limits Yes
REO No
Status Detail 0
Area Vanderburgh County
Location City/Town/Suburb
High School Francis Joseph Reitz
City Evansville
School District Evansville-Vanderburgh School Co
Total Sq Ft 3231
Elementary School Tekoppel
Middle School Helfrich
Legal Description UPPER ENL PT LOT 12
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202626703
Agent First Name Erin
Agent Last Name Little
DOM 1
Tax Year 2026
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Interior
Basement Crawl Slab Partial Basement Unfinished
Flooring Ceramic Tile Vinyl Tile Wood
Beds 5
Total Number of Units 4
Microwaves 4
Refrigerators 4
Washers 2
Dryer(s) 2
Dishwasher(s) 4
Disposal(s) 3
Above Grade Bedrooms 5
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 4
W/D Hookups 2
Basement Material Brick
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Exterior
Exterior Wood
Pool No
Number of Parking Spaces 2
Lot Size Area 5227
Lot Dimensions 35X150
Lot Description Corner
Fence Wood
Water Meters 1
Electric Meters 6
Outbuilding 2nd Detached Garage
Gas Meters 5
Waterfront Y/N No
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* Excluded Features
List By
Erin Little

Listing Agent

Berkshire Hathaway Homeservices Indiana Realty

Broker

erin.little07@gmail.com

Email

Affordability Calculator

$2,509
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,178
Monthly Property Taxes
$330
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
1237104 Elementary School
1236959 Middle School
Francis Joseph Reitz High School High School
Pricing History
DatePricePrice ChangeDescription
7/6/2026$345,000 Listed Price

Map


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520 SE Riverside Drive, Evansville, IN, 47713 is a Multi-Family Home for sale at $345,000 with 2,846 sqft. 520 SE Riverside Drive has 5 bedrooms, 4.1 baths, and was built in 1929. The property's zip code is 47713 which is in Evansville, IN