Brick 14-Unit Apartment
For Sale
Contact for pricing
Pending
1510 SE Riverside Dr, Evansville, IN 47713
Fourteen-unit brick apartment building with recent updates and a roof installed in 2016.
Property SizeContact for details
Days on Market139
Property Features for 1510 SE Riverside Dr
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
14
Building Details
Construction
brick
Tenancy
Multi
Listing Agency:
EXP Realty, LLC
Listed By:
Lucas Neuffer · License #RB16001028
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Aug 24 at 9:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 14-unit apartment building at 1510 SE Riverside Dr features an extremely solid brick exterior and a new roof installed in 2016. Recent updates have been completed in past few years, and current ownership has emptied the property and renovated multiple units, with 8 of the 14 units filled with tenants in renovated apartments. Utility responsibility is split: the owner pays water, sewer, and trash, while tenants are responsible for electric. Each unit has a separate electric meter.
The property is located in Downtown Evansville and is described as steps away from both the Art’s District and the Historic District. The building does not fall directly within either district, and renovations reportedly have no restrictions. The property also does not fall in the flood plain.
For buyers seeking a value-add residential income property, this building offers a brick, multi-unit structure with documented capital improvements and the ability to continue completing additional unit renovations.
The property is located in Downtown Evansville and is described as steps away from both the Art’s District and the Historic District. The building does not fall directly within either district, and renovations reportedly have no restrictions. The property also does not fall in the flood plain.
For buyers seeking a value-add residential income property, this building offers a brick, multi-unit structure with documented capital improvements and the ability to continue completing additional unit renovations.
Key Highlights
- 14‑unit apartment building with a solid brick exterior
- New roof installed in 2016
- Building was updated in recent years and has 8 of 14 units filled with renovated apartments
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Explore this area
Business Placement
Demographics for 47713, IN
9,916
Population
5,507
Households
1.8
Avg Household Size
35
Median Age
21%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
1,983
Density / Sq Mi
$37,448
Median Household Income
$29,366
Median Earnings
$931
Median Rent
$85,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fourteen-unit brick apartment building with recent updates and a roof installed in 2016.
Where is this apartment building located?
The property is located at 1510 SE Riverside Dr Evansville, IN.
What are key features of this property?
This property features: 14‑unit apartment building with a solid brick exterior; New roof installed in 2016; Building was updated in recent years and has 8 of 14 units filled with renovated apartments
