$199,000

512 E Riverside Drive, Evansville, IN 47713

  • 4 beds |
  • 2 baths |
  • 4,384 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1894
  • Property Lot Size Icon10,454sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $45/sqft
  • Property List Date Icon Listed 17 days ago

Property Description

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, 514–516 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.

Listing Status:
Active
Date Added:
March 19, 2026
Data Last Updated:
April 5, 2026 at 7:57PM
Listing Office:
BAKER AUCTION & REALTY : 812-491-6247
Listing Agent:
Jonathan Baker : 812-204-8858
MLS ID:
202609071
  • Basement: Partial Basement
  • Flooring: Carpet
  • A/C: Central AirWindow
  • Heating: Forced Air
  • General: Vinyl
  • Style: Two Story
  • Other Structures: None
  • Parking: Parking spaces: 2
  • School District: Evansville-Vanderburgh School Corp.
  • Zoning: 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 282-06-32-022-050.014-029

This listing courtesy of Jonathan Baker , BAKER AUCTION & REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Glenwood Leadership Academy

901 Sweetser Ave, Evansville, IN, 47713

Grades KG-8

0.55 miles away

G

Glenwood Leadership Academy

901 Sweetser Ave, Evansville, IN, 47713

Grades KG-8

0.55 miles away

B

Bosse High School

1300 Washington Ave, Evansville, IN, 47714

Grades 9-12

1.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.