$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 2 months 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:
May 22, 2026 at 7:02PM
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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