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About This Home
This 4-bedroom, 2-bathroom multi-family at 512 E Riverside Drive in Evansville, IN is listed for $199,000 ($70 per sqft). the home offers 2,844 sqft of living space on a 0.24 acres lot.
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.
Key Features
- 0.24 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$1,064/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
512 E Riverside Drive
Evansville, IN 47713
None
Features & Amenities
Exterior Features
Property Details
Flooring
Heating
Cooling
Questions & Answers
This 4-bedroom, 2-bathroom multi-family at 512 E Riverside Drive is listed at $199,000 ($70/sqft). The estimated monthly payment is $862 based on 20% down at 6.5% interest.
Key features include: 0.24 acre lot, 2 stories. Exterior Features: Basement, None.
This property is listed by Jonathan Baker and can be reached at 8122048858 or bakersoldit@yahoo.com.