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.
Multi-familyProperty Type
1929Year Built
5,227 sq ftLot Size
$118Price/Sq.Ft.
2 spacesParking
Listed by Erin Little• Berkshire Hathaway HomeServices Indiana Realty
Contact: Cell: 812-568-5561
Bought with Samer Ghata• Harris Howerton Real Estate
Stunning opportunity to own a piece of 1880s Italianate architectural history and have it produce income as well. Victorian form with classic river town architectural style, the square tower or crow’s nest was a prominent feature for riverfront homes in the 19th century. Currently 4 units - two 2 bedroom units, one 1 bedroom, and one efficiency unit - the front two units boast sunset riverfront views, while the massive shared front porch is perfect for watching the river roll by. Quaint fenced back yard perfect for entertaining. Directly across from the Evansville Museum, riverfront greenway, and blocks from the new IU Med campus, locations this prime aren't on the market often. Schedule a showing today, it shouldn't be on the market long.
IRMLS #201527958
Feb 8, 2016
Sold
$163,000
$57/sq ft
May 28, 2015
Listed
$169,900
$60/sq ft
+3
Attractive Italianate-style two story in the heart of Evansville's Riverside Historic District. This home can be made into a single family home, or rented for an investment property with existing tenants and cash flow. This home has 4 apartment units - Two 2BR's, 1 BR, and Efficiency. All units have their own kitchen and bathrooms. Located on a corner lot with detached garage, near the Evansville Museum, and blocks away from the proposed 2017 IU School of Medicine.
Year
Property tax
Land + Additions
Assessment*
2025
$3,966 (−2.2%)
$9,600 + $175,400
$185,000
2024
$4,055 (+0.9%)
$7,500 + $180,400
$187,900
2023
$4,020 (+6.8%)
$7,400 + $177,700
$185,100
2022
$3,762 (+7.0%)
$7,400 + $164,900
$172,300
2021
$3,516 (+2.3%)
$7,400 + $150,800
$158,200
2020
$3,436 (+0.6%)
$7,400 + $150,800
$158,200
2019
$3,416 (−0.1%)
$7,400 + $150,800
$158,200
2018
$3,420 (+0.4%)
$7,400 + $150,800
$158,200
2017
$3,407
$7,400 + $148,500
$155,900
2016
$3,404 (+64.7%)
$7,400 + $148,500
$155,900
2015
$2,067 (−30.5%)
$7,800 + $86,700
$94,500
2013
$2,974
$7,800 + $80,100
$87,900
Public record
Public record
Permits
Beds
4
Baths
4
Stories
3
Lot width
35 ft.
Lot depth
150 ft.
Lot size
5,250 Sq. Ft.
Year renovated
1929
Sq. Ft.
2,936
Year built
1929
Style
Multi-Family (2-4 Unit)
County
Vanderburgh County
APN
820630020075006029
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
Sep 23, 2013 • Active
Res alt
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Directions: N on Green River Rd. E on Lloyd Expy. Turn exit to merge onto Fulton Ave. Merge on W Division St. L onto S Fulton Ave. Turn L onto Cherry St. Turn R onto SE 1st. Turn R onto Oak St. Turn Left into SE Riverside Cul-de-Sac.
Subdivision Name: None
Public facts
Beds: 4
Baths: 4.0
Sq. Ft.: 2,936
Stories: 3.0
Lot Size: 5,250 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1929
Year Renovated: 1929
County: Vanderburgh County
APN: 820630020075006029
Home facts updated by county records on Oct 6, 2026
Other
Listing Information
List AOR: Southwest IN Assoc. of Realtors
AttributionContact: Cell: 812-568-5561
Around this home
Schools
Tekoppel Elementary School
Public K-5 • Assigned • 2.8mi
5/10
Helfrich Park Stem Academy
Public 6-8 • Assigned • 2.4mi
5/10
Francis Joseph Reitz High School
Public 9-12 • Assigned • 1.9mi
4/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 107° expected this year, 19 days in 30 years
2/10 Wind Factor
4% chance of strong winds in next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Evansville, IN • 47713
Average low and high temperatures (°F)
38
22
48
30
66
44
73
53
75
59
86
68
90
73
86
67
84
62
73
52
58
42
46
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Evansville. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Sell confidently with a local market expert in Evansville.