Mixed-Use Investment
512 E Riverside Drive, Evansville, IN 47713
Duplex - Evansville, IN
Type:Duplex
Property size:
2,844 SFLot size:
0.24 AcresPrice / SF:
$69/SF- Added:
- Mar 19, 2026
- Days on Market:
- 60
- Last Refresh:
- May 17 at 5:06 am
Property Features for 512 E Riverside Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Exterior features
- Basement, None
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 82-06-32-022-050.014-029
- Size
- 2,844 SF
- Lot size
- 0.24 Acres
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Floors in Building
- 2
- Number of units
- 5
- Flooring type
- Carpet
- Architectural style
- Other
Listing agent Jonathan Baker License #RB14032449 (812) 204-8858
Listing office BAKER AUCTION & REALTY 501 N WEINBACH AVE, EVANSVILLE, IN (812) 491-6247
Listing date Mar 19, 2026
MLS# 202609071
Listing URL
Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 5‑unit portfolio across three properties offering multiple income streams.
- Mixed‑use potential with commercial space previously rented for $800/month.
- 2‑bedroom single‑family home with long‑term tenants providing immediate rental income.
- Duplex (514‑516 E. Riverside Dr.) with two 1‑bedroom units for steady rental potential.
- Detached garages included with multiple properties, adding value and utility.
- Upper‑level 2‑bedroom residential unit (512 E. Riverside Dr.) previously leased for $500/month.
Overview
This investment opportunity features a five-unit portfolio across three properties. The property at 512 E. Riverside Dr. offers mixed-use potential with a main-level commercial space previously utilized as an insurance office and recently rented for $800 per month. The upper level includes a 2-bedroom residential unit that was previously leased for $500 per month. This property also includes a detached garage. Located down the driveway at 514–516 E. Riverside Dr. is a duplex with two 1-bedroom units, providing steady rental potential. This parcel also features a detached garage. The portfolio also includes 663 E. Riverside Dr., a 2-bedroom single-family home with long-term tenants already in place, offering immediate and consistent rental income. The properties are located in Evansville, IN, in Vanderburgh County. The total property size is 2,844 square feet on a lot of 0.24 acres. 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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.557873
- Latitude
- 37.954928
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Five-unit portfolio with mixed-use and residential income potential.
Where is this multifamily property located?
The property is located at 512 E Riverside Drive Evansville, IN.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 5‑unit portfolio across three properties offering multiple income streams.; Mixed‑use potential with commercial space previously rented for $800/month.; **2‑bedroom single‑family home with long‑term tenants providing immediate rental income.**
