For Sale

Listed by Jonathan Baker from BAKER AUCTION & REALTY

Source: Indiana Regional MLS #202609071

512 East Riverside Drive, Evansville, IN, 47713

$199,000

4
2
2
4384 sq. ft.
10454 sq. ft.

Duplex

•

30+ days on the market

What's around 512 East Riverside Drive

About this property

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.

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