520 SE Riverside Drive, Evansville, IN 47713
MULTI_FAMILY - Evansville, IN
- Added:
- Jul 6, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 6 at 11:06 pm
Property Features for 520 SE Riverside Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bedroom 4, Bathroom 5, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Basement, Bathroom 2, Bedroom 5
- Parking
- 2
- Parking features
- Off Street
- Fireplace
- 1
- Standard status
- Active
- APN
- 82-06-30-020-075.006-029
- Size
- 2,846 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- UPPER ENL PT LOT 12
- Tax Annual Amount
- 1493
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1929
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile - Ceramic, Wood, Tile
- Architectural style
- Other
Listing agent Erin Little (812) 568-5561
Listing office Berkshire Hathaway HomeServices Indiana Realty 7220 Eagle Crest Blvd, Evansville, IN (812) 474-7000
Listing date Jul 6, 2026
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
- Four‑unit investment property with 1 two‑bedroom unit and three one‑bedroom units
- Historic building built in 1929 on SE Riverside Drive
- Central air cooling; wood and ceramic tile flooring
- Fireplace included
- Covered front porch and fenced backyard
- Detached 2‑car garage and off‑street parking
Overview
The address is 520 SE Riverside Drive in Evansville, IN 47713, and the property sits directly on SE Riverside Drive. The public remarks note proximity to the riverfront Greenway and that the building is across from the Evansville Museum. The surrounding area is described as offering convenient access to downtown dining and entertainment, as well as the IU School of Medicine campus.
For buyers seeking a small, straightforward rental portfolio, the unit mix provides flexibility for resident households ranging from single occupants to small families. The combination of covered outdoor space, a fenced yard, and on-site parking support day-to-day livability for tenants. With four distinct rental units in a single building, the property may fit owners looking for manageable scale and a residence-oriented setup in a highly visible riverfront corridor.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.1k | $16.20 |
| − Vacancy | −$2.7k | −$0.94 |
| EGI | $43.4k | $15.26 |
| − OpEx | −$19.5k | −$6.87 |
| NOI | $23.9k | $8.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.571168
- Latitude
- 37.964604
