Huge income potential in the heart of the near downtown! 3 of the 4 units are occupied! Close to the Greenway, Haynies Corner and downtown; also, the IU Medical School.
Riverside Historic District, located between Downtown Evansville and the Ohio River, is a historic and walkable Evansville neighborhood with riverfront parks and grand early-20th-century architecture. The neighborhood’s character concentrates along Riverside Drive near the Reitz Home Museum, where porch-lined streets meet museum grounds and river views. Landmark homes and brick sidewalks set a measured pace, with pocket parks and the Greenway threading through. The Reitz Home Museum anchors local heritage, while the Evansville Museum of Arts, History & Science adds galleries and a planetarium nearby. Sunset Park frames the waterline with open lawns and a long promenade. Coffee stops and small eateries cluster just inland along Main Street and the Haynie’s Corner area.
Provided by Walk Score and Local Logic
Market insights
803 SE Riverside Dr · $224,900
DAYS ON MARKET
355 days
The average home goes pending in 35 days.
SALE-TO-LIST
94.4%
Most homes are selling 6% below list price.
LIST PRICE
$224,900
Median list price in this area is $177,103. (21% lower than this home)
PRICE DROP
5 price drops
11% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Range and refrigerator included
Tile flooring
Basement
Bathrooms
Four full bathrooms
Six main-level bathrooms
Kitchen
Range
Refrigerator
Flooring
Tile
Heating & cooling
Forced air heating
Central air
Window AC units
Exterior features
Level lot
Lot dimensions approximately 62 x 142
Home design
Residential income property (quadruplex / fourplex)
Parking
Six open parking spaces
Construction
Wood siding
Above-grade finished area approximately 4,590
Utilities
Public water
Public sewer
Other
Pets allowed
Electricity and solar
View estimated energy costs and solar savings for this home
A prime opportunity in the Riverside Historic District to add to your rental portfolio with this four unit apartment building. Originally built in 1897 as a residence for A. G. Palmer, 803 SE Riverside was reconfigured early in the 20th century to feature four spacious and historically accented apartments. The building features one large 3 bedroom, 1.5 bath apartment with original hardwood and fireplace on the first floor, two, one bedroom apartments upstairs that features inlay floors and tile bathrooms on the 2nd floor, and one third floor apartment that is 2 bedroom, 1 bath with hardwood floors and amazing views of downtown. All apartments in the building have been updated in the last two years. The building has a new roof installed in 2020 and was painted in Summer 2021. Two of the four apartments have new furnaces. Tenants pay electric and gas and have their own meters. Owner pays water, sewer and trash. All apartments have an entrance in both the front and the back of the house. There is a gravel parking lot in back for off street parking as well.
RENT. #1
Feb 21, 2022
Price Changed
$700
$0/sq ft
IRMLS #202133873
Aug 15, 2021
Listed
$220,000
$48/sq ft
IRMLS #201926842
Sep 10, 2019
Sold
$116,500
$25/sq ft
Jun 25, 2019
Listed
$127,000
$28/sq ft
IRMLS #201926834
Jun 25, 2019
Listed
$127,000
$28/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,514 (−1.8%)
$16,700 + $193,900
$210,600
2024
$4,596 (+0.9%)
$13,000 + $200,000
$213,000
2023
$4,554 (+65.4%)
$12,800 + $196,900
$209,700
2022
$2,754 (+6.6%)
$12,800 + $113,300
$126,100
2021
$2,582 (+2.3%)
$12,800 + $103,400
$116,200
2020
$2,524 (+12.1%)
$12,800 + $103,400
$116,200
2019
$2,252 (+0.2%)
$12,800 + $103,400
$116,200
2018
$2,248 (−0.4%)
$12,800 + $91,500
$104,300
2016
$2,258 (+2.5%)
$12,800 + $90,600
$103,400
2015
$2,203 (−55.1%)
$12,800 + $87,900
$100,700
2013
$4,910
$12,800 + $132,300
$145,100
Public record
Beds
6
Baths
4.5
Stories
2
Lot width
62 ft.
Lot depth
142 ft.
Lot size
8,804 Sq. Ft.
Year renovated
1896
Finished Sq. Ft.
4,590
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,590
Year built
1896
Style
Multi-Family (2-4 Unit)
County
Vanderburgh County
APN
820631020093008029
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 19, 2026.
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
82/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 803 SE Riverside Dr
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $80,417 and $510,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $80K to $510K.