Rare opportunity to own a four-unit investment property in one of downtown Evansville's most recognizable riverfront corridors. Situated directly on SE Riverside Drive, this historic property offers a unique blend of character, income potential, and an unbeatable location. The building features four rental units, including one 2-bedroom unit and three 1-bedroom units. The front units enjoy beautiful views of the Ohio River area, while the expansive covered front porch provides the perfect place to take in sunsets and the downtown riverfront atmosphere. Additional features include a fenced backyard, detached 2-car garage, and timeless architectural details that set this property apart. Located just steps from the riverfront Greenway and directly across from the Evansville Museum, with easy access to downtown dining, entertainment, and the IU School of Medicine campus, this is an exceptional opportunity for investors looking to expand their portfolio with a distinctive income-producing property in a highly desirable location.
Pending
$345,000
520 SE Riverside Dr, Evansville, IN 47713
5beds
2,846sqft
Quadruplex
Built in 1929
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Fenced backyardExpansive covered front porchTimeless architectural details
- 62 days
- 32
- 0
Zillow last checked:
Listing updated:
Listed by:
Erin Little Cell:812-568-5561,
Berkshire Hathaway HomeServices Indiana Realty
Source: IRMLS,MLS#: 202626703
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Forced Air, Wall Furnace, Fireplace(s)
Cooling
- Central Air, Window Unit(s)
Appliances
- Laundry: Washer Hookup
Features
- Ceiling Fan(s), Storage, Ceiling-9+, Tray Ceiling(s), Walk-In Closet(s), Eat-in Kitchen, Entrance Foyer
- Flooring: Ceramic Tile, Vinyl Tile, Wood
- Basement: Crawl Space,Partial,Unfinished,Brick
- Has fireplace: Yes
Interior area
- Total structure area: 3,231
- Total interior livable area: 2,846 sqft
- Finished area above ground: 2,846
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached, Off Street, On Street, Off Street Parking
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 3
- Patio & porch: Porch Covered
- Fencing: Wood,Fenced
Lot
- Size: 5,227 Square Feet
- Dimensions: 35X150
- Features: Corner Lot, City/Town/Suburb, Near Walking Trail
Details
- Additional structures: Second Garage
- Parcel number: 820630020075.006029
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Siding
- Foundation: Slab, Basement
Condition
- New construction: No
- Year built: 1929
Utilities & green energy
- Electric: CenterPoint Energy
- Gas: CenterPoint Energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Evansville
Financial & listing details
- Tax assessed value: $185,000
- Annual tax amount: $3,965
- Date on market: 7/6/2026
- Listing terms: Cash,Conventional,VA Loan
- Inclusions: Building, Land
- Lease term: 12 Months,Other
- Total actual rent: 52162
- Tenant pays: Electricity, Heating, Water
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Pending sale | $345,000 |
Source:  IRMLS #202626703 Report a problem | ||
| 7/6/2026 | Listed for sale | $345,000+72.6% |
Source: IRMLS #202626703 Report a problem | ||
| 3/21/2017 | Listing removed | $199,900$70/sqft |
Source: BERKSHIRE HATHAWAY HOMESERVICES, INDIANA REALTY #201710859 Report a problem | ||
| 3/18/2017 | Listed for sale | $199,900+22.6%$70/sqft |
Source: BERKSHIRE HATHAWAY HOMESERVICES, INDIANA REALTY #201710859 Report a problem | ||
| 2/8/2016 | Sold | $163,000-4.1%$57/sqft |
Source: Agent Provided Report a problem | ||
| 11/25/2015 | Price change | $169,900-10.6%$60/sqft |
Source: BERKSHIRE HATHAWAY HOMESERVICES, INDIANA REALTY #201527958 Report a problem | ||
| 8/28/2015 | Price change | $190,000-9.5%$67/sqft |
Source: BERKSHIRE HATHAWAY HOMESERVICES, INDIANA REALTY #201527958 Report a problem | ||
| 6/15/2015 | Listed for sale | $210,000$74/sqft |
Source: BERKSHIRE HATHAWAY HOMESERVICES, INDIANA REALTY #201527958 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,055 +0.9% | $185,000 -1.5% |
| 2024 | $4,020 +6.8% | $187,900 +1.5% |
| 2023 | $3,762 +7% | $185,100 +7.4% |
| 2022 | $3,516 +2.3% | $172,300 +8.9% |
| 2021 | $3,436 +0.6% | $158,200 |
| 2020 | $3,416 -0.1% | $158,200 |
| 2019 | $3,420 +0.4% | $158,200 +0.3% |
| 2018 | $3,407 +0.1% | $157,800 +0.8% |
| 2017 | $3,405 | $156,500 +0.4% |
| 2016 | $3,405 +117.9% | $155,900 +63.8% |
| 2014 | $1,562 -24.9% | $95,200 +8.3% |
| 2013 | $2,081 +10.9% | $87,900 -0.8% |
| 2012 | $1,877 +4% | $88,600 |
| 2011 | $1,805 +0.6% | $88,600 |
| 2010 | $1,793 +1.2% | $88,600 |
| 2009 | $1,772 | $88,600 -3.5% |
| 2008 | -- | $91,800 |
| 2007 | -- | -- |
| 2006 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Wheeler
Nearby schools
Schools provided by the listing agent
- Elementary: Tekoppel
- Middle: Helfrich
- High: Francis Joseph Reitz
- 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.
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