512 E Riverside Dr Evansville, IN 47713
Culver NeighborhoodEstimated payment $1,259/month
Highlights
- 0.24 Acre Lot
- Level Lot
- 5-minute walk to Caldwell Park
- Forced Air Heating and Cooling System
- Carpet
About This Home
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.
Listing Agent
BAKER AUCTION & REALTY Brokerage Phone: 812-491-6247 Listed on: 03/19/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1894
Lot Details
- 10,454 Sq Ft Lot
- Level Lot
Parking
- 2 Parking Spaces
Home Design
- Duplex
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Carpet
- Partially Finished Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Schools
- Glenwood Elementary And Middle School
- Bosse High School
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
Community Details
- 3 Buildings
- 5 Units
Listing and Financial Details
- The owner pays for tax
- Assessor Parcel Number 82-06-32-022-050.014-029
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,449 | $112,200 | $20,500 | $91,700 |
| 2024 | $2,449 | $108,100 | $15,700 | $92,400 |
| 2023 | $2,280 | $104,800 | $15,700 | $89,100 |
| 2022 | $1,219 | $55,600 | $15,700 | $39,900 |
| 2021 | $1,164 | $52,100 | $15,700 | $36,400 |
| 2020 | $1,138 | $52,100 | $15,700 | $36,400 |
| 2019 | $1,125 | $52,100 | $15,700 | $36,400 |
| 2018 | $2,256 | $52,000 | $15,700 | $36,300 |
| 2017 | $1,129 | $51,800 | $15,700 | $36,100 |
| 2016 | $583 | $52,000 | $15,700 | $36,300 |
| 2014 | $1,124 | $51,000 | $15,700 | $35,300 |
| 2013 | -- | $51,400 | $15,700 | $35,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/19/2026 03/19/26 | For Sale | $199,000 | -- | $70 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Total Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $128,039 | Commercial |
Source: Indiana Regional MLS
MLS Number: 202609071
APN: 82-06-32-022-050.014-029
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Based on information submitted to the MLS GRID
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