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.
Active
$199,000
512 E Riverside Dr, Evansville, IN 47713
4beds
2,844sqft
Est.:
Duplex
Built in 1894
-- sqft lot
$189,400 Zestimate®
$--/sqft
$-- HOA
What's special
Detached garageMain-level commercial space
- 56 days |
- 280 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Jonathan R Baker Office:812-491-6247,
BAKER AUCTION & REALTY,
Ryan Van Laningham,
BAKER AUCTION & REALTY
Source: IRMLS,MLS#: 202609071
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air, Window Unit(s)
Features
- Flooring: Carpet
- Basement: Partial
Interior area
- Total structure area: 4,384
- Total interior livable area: 2,844 sqft
- Finished area above ground: 2,844
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 10,454.4 Square Feet
- Dimensions: 82x126,10x143; 74x148; 10x114; 28x120
- Features: Level
Details
- Additional structures: None
- Additional parcels included: 8206-32-022-050.015-029
- Parcel number: 820632022050.014029
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl Siding
- Foundation: Basement
Condition
- New construction: No
- Year built: 1894
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Evansville
Financial & listing details
- Tax assessed value: $108,100
- Annual tax amount: $2,280
- Date on market: 3/19/2026
- Listing terms: Cash,Conventional,Other
- Inclusions: Other
- Lease term: 12 Months
- Total actual rent: 6000
- Tenant pays: Electricity, Sewer, Water
Estimated market value
$189,400
$180,000 - $199,000
$979/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/19/2026 | Listed for sale | $199,000+148.8% |
Source:  IRMLS #202609071 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/5/2015 | Listing removed | $80,000$28/sqft |
Source: Owner Report a problem | ||
| 6/5/2015 | Price change | $80,000-5.9%$28/sqft |
Source: Owner Report a problem | ||
| 5/7/2015 | Price change | $85,000-5.6%$30/sqft |
Source: Owner Report a problem | ||
| 2/5/2015 | Price change | $90,000-10%$32/sqft |
Source: Owner Report a problem | ||
| 12/11/2014 | Price change | $100,000-4.8%$35/sqft |
Source: Owner Report a problem | ||
| 11/8/2014 | Listed for sale | $105,000$37/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,280 +87% | $108,100 +3.1% |
| 2023 | $1,219 +4.7% | $104,800 +88.5% |
| 2022 | $1,164 +2.3% | $55,600 +6.7% |
| 2021 | $1,138 +1.1% | $52,100 |
| 2020 | $1,125 -52.5% | $52,100 |
| 2019 | $2,369 +34.7% | $52,100 +0.2% |
| 2018 | $1,759 +53.7% | $52,000 +0.4% |
| 2017 | $1,145 +96.2% | $51,800 -0.4% |
| 2016 | $583 -48.1% | $52,000 +2% |
| 2014 | $1,123 -0.1% | $51,000 -0.8% |
| 2013 | $1,124 +141.4% | $51,400 -0.8% |
| 2012 | $465 +16.7% | $51,800 -0.2% |
| 2011 | $399 +8.4% | $51,900 |
| 2010 | $368 +10.4% | $51,900 |
| 2009 | $333 | $51,900 -4.9% |
| 2008 | -- | $54,600 +0.6% |
| 2007 | -- | $54,300 |
| 2006 | -- | -- |
| 2003 | -- | $20,100 |
| 2001 | -- | $20,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Culver
Nearby schools
GreatSchools rating
- 4/10Glenwood Leadership AcademyGrades: K-8Distance: 0.5 mi
- 2/10Benjamin Bosse High SchoolGrades: PK-12Distance: 1.1 mi
- 8/10New Tech InstituteGrades: 9-12Distance: 4.2 mi
Schools provided by the listing agent
- Elementary: Glenwood
- Middle: Glenwood
- High: Bosse
- District: Evansville-Vanderburgh School Corp.
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Vanderburgh County
- Evansville
- 47713
- Culver
- 512 E Riverside Dr
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