520 SE Riverside Dr

Evansville, IN 47713

$345,000
Price
5
Beds
2,846 Sq. Ft.
$121 / Sq. Ft.
2,846
Sq. Ft.
$121
per Sq. Ft.
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New
New

Description

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, while the expansive covered front porch provides the perfect place to take...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, 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.
  1. Listed by Erin Little • Berkshire Hathaway HomeServices Indiana Realty • Cell: 812-568-5561

Property Details for 520 Southeast Riverside Drive

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
Yes
LISTING UPDATED: 07/06/2026 03:47 PM

Property Details for 520 Southeast Riverside Drive

StatusActive
MLS #202626703
Days on MarketListed Today
Taxes$3,965 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Fourplex
Year Built1929
Lot Size0.12 AC / 5,227 SF
CountyVanderburgh County
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Location

Listing Courtesy of Berkshire Hathaway HomeServices Indiana Realty
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Building Information for 520 Southeast Riverside Drive

Stories3Residences4Year Built1929Building Size-Lot Size0.12 AC / 5,227 SF

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$2,050 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,719

Property Taxes

$330

HOA Dues

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Property Information for 520 Southeast Riverside Drive

Summary
Location and General Information
  • Area: Vanderburgh County
  • City: Evansville
  • Zip Code: 47713
  • City Zoning: R-3 Multiple Residential
  • State: IN
  • Township: Pigeon
  • Geo Latitude: 38
  • Geo Longitude: -88
  • Inside City Limits: Yes
  • Fips Code: 18163
  • Directions To Property: N on Green River Rd. E on Lloyd Expy. Turn exit to merge onto Fulton Ave. Merge on W Division St. L onto S Fulton Ave. Turn L onto Cherry St. Turn R onto SE 1st. Turn R onto Oak St. Turn Left into SE Riverside Cul-de-Sac.
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2026
  • Parcel Number Id: 82-06-30-020-075.006-029
School Information
  • School District: Evansville-Vanderburgh School Corp.
  • Elementary: Tekoppel
  • Middle School: Helfrich
  • High School: Francis Joseph Reitz
Parking
  • Number Of Parking Spaces: 2
  • Parking: Off Street, Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Fourplex
  • Approx Lot Size Acres: 0.12
  • Lot Dimensions: 35X150
  • Below Grade Unfin Sqft: 295.0
  • Total Square Feet: 3231.0
  • Upper Level Sqft: 1269.0
  • Approx Lot Size Sqft: 5227.0
  • Above Grade Finished Sqft: 2846.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 295.0
  • Total Finished Sqft: 2846.0
  • Above Grade Unfin Sqft: 90.0
  • Lot Description: Corner
  • Main Level Sqft: 1577.0
  • Outbuilding Length: 27.0
  • Outbuilding Sqft: 540
  • Outbuilding Width: 20.0
Property and Assessments
  • New Construction: No
  • Year Built: 1929
  • Age: 97
  • Planned Unit Development: No
Utilities
  • Electric Company: CenterPoint Energy
  • Gas Company: CenterPoint Energy
  • Sewer: City
  • Water Company: Evansville Water & Sewer
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: 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
  • Exterior: Wood
  • Fence: Wood
  • Outbuilding: 2nd Detached Garage
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Electric Meters: 6
  • Number of Gas Meters: 5
  • Number of Dishwashers: 4
  • Number of Disposals: 3
  • Number of Dryers: 2
  • Number of Microwaves: 4
  • Number of Ranges/Ovens: 4
  • Number of Refrigerators: 4
  • Number of W/D Hookups: 2
  • Number of Washers: 2
  • Number Water Meters: 1
  • Basement Material: Brick
  • Basement: Yes
  • Basement/Foundation: Crawl, Partial Basement, Slab, Unfinished
  • Cooling: Central Air, Window
  • Flooring: Ceramic Tile, Vinyl Tile, Wood
  • Heating/Fuel: Forced Air, Wall Heater
  • Stories: 3
  • Number of Above Grade Bedrooms: 5
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 5
  • Total Number of Full Baths: 4
  • Total Number of Half Baths: 1
  • Total Baths: 5
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 3
  • Num Of 2 Bedrooms: 1
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 4
  • Number of Units: 4
Income & Expenses Information
  • Annual Electric Expense: $4,929.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $52,162
  • Annual Insurance Expense: $1,493
  • Annual Maint. Expense: $0
  • Annual Misc: $984
  • Annual Net Income: $38,531
  • Annual Property Tax: $3,965
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $2,260
  • Gross Monthly Income: $4,347
  • Gross Monthly Rent: $4,346
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 1
  • Unit 1-Num of Rooms: 3
  • Unit 1-Currently Rented: Yes
  • Unit 1-Laundry Room: Other
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Other
  • Unit 1-Unit Number: A
Unit 2
  • Unit 2-Num of Bathrooms: 2
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Num of Rooms: 2
  • Unit 2-Currently Rented: Yes
  • Unit 2-Laundry Room: Other
  • Unit 2-Level: Upper
  • Unit 2-Rent Frequency: Other
  • Unit 2-Unit Number: B
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Num of Rooms: 2
  • Unit 3-Currently Rented: Yes
  • Unit 3-Laundry Room: Other
  • Unit 3-Lease Exp. Date: 12-01-2026
  • Unit 3-Level: Upper
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: C
  • Unit 3-Unit Rent $: $875
Unit 4
  • Unit 4-Num of Bedrooms: 2
  • Unit 4-Num of Rooms: 2
  • Unit 4-Basement: No
  • Unit 4-Currently Rented: Yes
  • Unit 4-Garage Type: Detached
  • Unit 4-Garage: Yes
  • Unit 4-Laundry Room: Closet
  • Unit 4-Lease Exp Date: 02-28-2027
  • Unit 4-Level: Main
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Number: D
  • Unit 4-Unit Rent $: $1,100
Rental
Rental Information
  • Lease Term: 1 Year, Other
  • Owner Pays: Maintenance, Trash Collection
  • Tenant Pays: Electric, Heating, Water

Property History for 520 Southeast Riverside Drive

DateEvent & SourcePriceAppreciation
Jul 5, 2026

Listed (Active)

Indiana Regional MLS #202626703

$345,000—
Apr 27, 2017

Sold

Indiana Regional MLS #201710859

$200,900—
Mar 20, 2017

Pending

Indiana Regional MLS #201710859

—
DateEvent & SourcePrice
07/05/2026

Listed (Active)

Indiana Regional MLS #202626703

$345,000
04/27/2017

Sold

Indiana Regional MLS #201710859

$200,900
03/20/2017

Pending

Indiana Regional MLS #201710859

—

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

Public Records for 520 Southeast Riverside Drive

Taxable ValueLand$9,600Additions$175,400Total$185,000
Tax Record2025$3,966 ($330 / month)
Home Facts
Baths4Total Finished SqFt2,936 SqFtAbove Grade Finished SqFt2,936 SqFtStories3Lot Size5,250 SqFtStyleTriplexYear Built1929CountyVANDERBURGHAPN82-06-30-020-075.006-029

Schools near 520 Southeast Riverside Drive

This home is within Evansville Vanderburgh Sch Corp.
Rating
School
Type
Grades
Distance
Tekoppel Elementary School
Public - K to 5
Helfrich Park Stem Academy
Public - 6 to 8
Francis Joseph Reitz High School
Public - 9 to 12
EVSC Virtual Academy
Public - K to 12
Rating
School
Distance
Tekoppel Elementary School
PublicK to 5

Helfrich Park Stem Academy
Public6 to 8

Francis Joseph Reitz High School
Public9 to 12

EVSC Virtual Academy
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 520 Southeast Riverside Drive, Evansville, IN 47713

520 Southeast Riverside Drive is a multi-family home for sale in Evansville, IN 47713. This listing's school district is Evansville Vanderburgh Sch Corp. Nearby schools include Tekoppel Elementary School, Helfrich Park Stem Academy and Francis Joseph Reitz High School. 520 Southeast Riverside Drive is a 5-bed, 5-bath, 2,846 sqft multi-family home built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices Indiana 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.