Riverside Multifamily Homes & Duplexes for Sale

/19
$349,900
- 7 Beds
- 4 Baths
- 3,608 Sq Ft
809 SE Riverside Dr, Evansville, IN 47713

Huge income potential in the heart of the near downtown! Come find your own tenants. So close to the Greenway, Haynies Corner and downtown; also, the IU Medical School.

Jonathan Weaver F.C. TUCKER EMGE

809 SE Riverside Dr, Evansville, IN 47713
Explore Riverside
/18
$235,000
- 4 Beds
- 2 Baths
- 2,808 Sq Ft
117 Cherry St, Evansville, IN 47713

ALL BRICK duplex in the heart of downtown Evansville. Built in 1904 and being renovated, you can still find original charm throughout both units. You can keep this as a duplex, or open it back up and make it a single family residence with lots of features. Keeping as a duplex, you can even live in one side and rent the other to pay your mortgage - talk about making your money work for you! This

Phil Johnson J Realty LLC

117 Cherry St, Evansville, IN 47713
/13
$585,000
- 9 Beds
- 6 Baths
- 6,794 Sq Ft
702 SE 2nd St, Evansville, IN 47713

In the heart of Evansville’s Haynie’s Corner Arts District, between the riverfront and downtown, this beautifully updated Italianate property blends mid-19th-century character with modern investment appeal. Originally built circa 1850, it now offers four luxury apartments plus a spacious one-bedroom carriage house apartment above an oversized two-car garage. Together, these units generate

Philip Hooper Berkshire Hathaway HomeServices Indiana Realty

702 SE 2nd St, Evansville, IN 47713
/36
$145,000
- 5 Beds
- 5 Baths
- 2,924 Sq Ft
216 Oak St, Evansville, IN 47713

Opportunity knocks with this 5-unit multifamily property in downtown Evansville, near the Haynies Corner arts district, the Riverfront and less than a mile away from the IU School of Medicine. This Fiveplex includes: two 2 bed/1 bath units, two 1 bed/1bath units and a studio apartment. This property needs significant TLC to bring it back to life but has huge upside potential for the right

Mitch Isbell RE/MAX REVOLUTION

216 Oak St, Evansville, IN 47713

Indiana Vanderburgh County Evansville Riverside

Why Live in Riverside

Riverside, a neighborhood in Evansville, Indiana, is known for its historic homes and proximity to Haynie’s Corner. The real estate market here is competitive, with homes typically staying on the market between 50-70 days. Housing options range from fully updated properties to more affordable fixer-uppers, with styles including Federal, Queen Anne, Italian Renaissance, and Greek Revival. Homes often feature small lawns, detached garages, and ornate fencing. Sunset Park, within walking distance, offers a playground, skatepark, and access to the Pigeon Creek Greenway, while Mickey's Kingdom Park provides a village-themed playground. The Evansville Museum and Reitz Home Museum offer cultural attractions. For daily needs, Covert and Lodge Shopping Center is 3 miles east, and local dining options in Haynie’s Corner include Penny Lane Coffeehouse, Walton’s, Haynie's Corner Brewing Company, and Bokeh Lounge. The annual Front Porch Festival in September is a neighborhood highlight with live music and food trucks. Transportation is facilitated by the Veterans Memorial Parkway, SE 2nd Street, and the METS bus system, with Evansville Regional Airport 9 miles away. Healthcare is accessible at the nearby Select Specialty Hospital. Families are zoned for Evansville Vanderburgh Schools, including the highly rated Francis Joseph Reitz High School. Private schools and the University of Evansville, known for its small class sizes, are also nearby.

Learn more about living in Riverside

Home Trends in Riverside, IN

On average, homes in Riverside, Evansville sell after 115 days on the market compared to the national average of 52 days. The median sale price for homes in Riverside, Evansville over the last 12 months is $374,500, down 35% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$374,500

Median Single Family Sale Price

$390,000

Median Townhouse Sale Price

$359,900

Average Price Per Sq Ft

$100

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

8.00

Median List Price

$437,445

Median Change From 1st List Price

Median Home Sale Price YoY Change

-35%

How to Buy a Home How to Finance a Home How to Sell a Home

In Riverside, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $145,000 to $585,000, there's something for every budget. As of September, 2025 the median home price in Riverside, Evansville is $437,445, while the average sale price is $418,583, providing insight into local market trends. On average, multi-family homes spend 115 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Riverside, Evansville.

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