512 E Riverside Drive, Evansville, IN 47713
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512 E Riverside Drive, Evansville, IN 47713
512 E Riverside Drive, Evansville, IN 47713
512 E Riverside Drive, Evansville, IN 47713
512 E Riverside Drive, Evansville, IN 47713
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Trueblood Real Estate

Trueblood Real Estate

+1(317) 513-1395
$ 199,000
Est. payment /mo
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512 E Riverside Drive Evansville, IN 47713

4 Beds

2 Baths

2,844 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,844 sqft

MLS Listing ID 202609071

Style Two Story

Bedrooms 4

Full Baths 2

Abv Grd Liv Area 2,844

Total Fin. Sqft 2844

Year Built 1894

Tax Year 2025

Lot Size 10,454 Sqft

Property Sub-Type Duplex

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.

Location

State IN

County Vanderburgh County

Area Vanderburgh County

Zoning R-2 Two-Family Residence

Direction Highway 41 to West on Riverside, 512, 514-516 property on the Right. 663 is on the Left

Rooms

Dining Room 0

Interior

Flooring Carpet

Appliance Other

Laundry , 2

Exterior

Amenities Available Basement

Total Parking Spaces 2

Building

Lot Description Level

Story 2

Structure Type Vinyl

New Construction No

Schools

Elementary Schools Glenwood

Middle Schools Glenwood

High Schools Bosse

School District Evansville-Vanderburgh School Corp.

Others

Financing Cash,Conventional,Other

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202609071

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS
Listed by Jonathan Baker • BAKER AUCTION & REALTY • Office: 812-491-6247

NEARBY SCHOOLS & PROPERTIES

Trueblood Real Estate

Trueblood Real Estate

Brokerage | RB14046098

+1(317) 513-1395

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512 E Riverside Drive

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