512 E Riverside Dr

Evansville, IN 47713

$199,000
Price
4
Beds
2,844 Sq. Ft.
$70 / Sq. Ft.
2,844
Sq. Ft.
$70
per Sq. Ft.
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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,...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.
  1. Listed by Jonathan Baker • BAKER AUCTION & REALTY • Office: 812-491-6247
  2. Listed by Ryan Van Laningham • BAKER AUCTION & REALTY

Property Details for 512 East Riverside Drive

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 03/19/2026 07:47 PM

Property Details for 512 East Riverside Drive

StatusActive
MLS #202609071
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex
Year Built1894
Lot Size0.24 AC / 10,454 SF
CountyVanderburgh County
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Location

Listing Courtesy of BAKER AUCTION & REALTY
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Building Information for 512 East Riverside Drive

Stories2Residences5Year Built1894Building Size-Lot Size0.24 AC / 10,454 SF

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$1,170 per month

30 year fixed, 6.11% Interest

Principal and Interest

$966

Property Taxes

$204

HOA Dues

$0

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Property Information for 512 East Riverside Drive

Summary
Location and General Information
  • Area: Vanderburgh County
  • City: Evansville
  • Zip Code: 47713
  • City Zoning: R-2 Two-Family Residence
  • State: IN
  • Township: Pigeon
  • Geo Latitude: 38
  • Geo Longitude: -88
  • Inside City Limits: Yes
  • Fips Code: 18163
  • Directions To Property: Highway 41 to West on Riverside, 512, 514-516 property on the Right. 663 is on the Left
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2025
  • Parcel Number Id: 82-06-32-022-050.014-029
  • Parcel Id 2: 82-06-32-022-050.015-029
School Information
  • School District: Evansville-Vanderburgh School Corp.
  • Elementary: Glenwood
  • Middle School: Glenwood
  • High School: Bosse
Parking
  • Number Of Parking Spaces: 2
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Duplex
  • Approx Lot Size Acres: 0.24
  • Lot Dimensions: 82x126,10x143; 74x148; 10x114; 28x120
  • Below Grade Unfin Sqft: 1540.0
  • Total Square Feet: 4384.0
  • Approx Lot Size Sqft: 10454.0
  • Above Grade Finished Sqft: 2844.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 1540.0
  • Total Finished Sqft: 2844.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 1894
  • Age: 132
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 0
  • Number of Refrigerators: 0
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Basement: Yes
  • Basement/Foundation: Partial Basement
  • Cooling: Central Air, Window
  • Flooring: Carpet
  • Heating/Fuel: Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 4
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 4
  • Total Number of Full Baths: 2
  • Total Number of Half Baths: 0
  • Total Baths: 2
  • Number Total Rooms Below Grade: 2
  • Num Of 1 Bedrooms: 2
  • Num Of 2 Bedrooms: 3
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 0
  • Number of Buildings: 3
  • Number of Units: 5
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $6,000
  • Annual Insurance Expense: $0
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $6,000
  • Annual Property Tax: $0
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $500
  • Gross Monthly Rent: $500
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Tax
  • Tenant Pays: Electric, Sewer, Water

Property History for 512 East Riverside Drive

DateEvent & SourcePriceAppreciation
Mar 18, 2026

Listed (Active)

Indiana Regional MLS #202609071

$199,000—
DateEvent & SourcePrice
03/18/2026

Listed (Active)

Indiana Regional MLS #202609071

$199,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 512 East Riverside Drive

Taxable ValueLand$20,500Additions$91,700Total$112,200
Tax Record2024$2,449 ($204 / month)
Home Facts
Baths4Total Finished SqFt2,844 SqFtAbove Grade Finished SqFt2,844 SqFtStories2Lot Size10,332 SqFtStyleDuplexYear Built1894CountyVANDERBURGHAPN82-06-32-022-050.014-029

Schools near 512 East Riverside Drive

This home is within Evansville Vanderburgh Sch Corp.
Rating
School
Type
Grades
Distance
Benjamin Bosse High School
Public - PK to 12
Glenwood Leadership Academy
Public - K to 8
EVSC Virtual Academy
Public - K to 12
Academy For Innovative Studies
Public - K to 12
Rating
School
Distance
Benjamin Bosse High School
PublicPK to 12

Glenwood Leadership Academy
PublicK to 8

EVSC Virtual Academy
PublicK to 12

Academy For Innovative Studies
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 512 East Riverside Drive, Evansville, IN 47713

512 East Riverside Drive is a multi-family home for sale in Evansville, IN 47713. This property was listed for sale on March 19, 2026 by BAKER AUCTION & REALTY, it's currently listed at $199,000. This listing's school district is Evansville Vanderburgh Sch Corp. Nearby schools include Benjamin Bosse High School, Glenwood Leadership Academy and EVSC Virtual Academy. 512 East Riverside Drive is a 4-bed, 2-bath, 2,844 sqft multi-family home built in 1894.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BAKER AUCTION & REALTY

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.