517 N Riley Avenue
Indianapolis, IN 46201
Map
- – beds
- – baths
- – sqft
- 6,186 sqft lot
- 1922 build
More homes
Investment opportunity in this 2-unit multifamily home in Emerson Heights. Explore this home via an interactive 3D home tour, complete with floor plans, video & more. Each unit includes 3 bedrooms and 1 full bathroom on the upper level. The main level features a great room, formal dining room, & kitchen. Both sides have basement storage. Hardwood flooring and custom built-in cabinetry accent the historic architecture. New roof and some new mechanicals. Before closing, a new air central conditioner will be installed for the 517 unit. A 2-car garage with alley access for additional storage. Fully-fenced backyard. Several recent renovations have been completed to the 517 unit. The 519 unit has not been renovated. Both units have separate meters, and the tenants pay their own bills. Do not disturb the tenant in the 519 unit. Write any Purchase Agreement subject to seeing the 519 unit. Once accepted, an appointment will be scheduled to view it.
Last checked:
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Last updated Jul 14, 2025
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MLS# 21976588 —
The Building
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Year Built:1922
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New Construction:false
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Construction Materials:Aluminum Siding, Brick
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Architectural Style:TraditonalAmerican
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Levels:Two
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Basement:true
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Basement:Unfinished
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Foundation Details:Block
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Direction Faces:West
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Green Certification:No
Financial & Terms
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Buyer Financing:Conventional
Location
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Directions:From Michigan Street between Emerson Avenue and Sherman Drive, turn north on Riley Avenue. Home is on the right.
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Latitude:39.775446
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Longitude:-86.085614
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Parcel Number:491004133006000101
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Acres:<1/4 Acre
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Lot Features:Sidewalks, Mature Trees
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Lot Size Acres:0.14
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Lot Size SqFt:6,186 Sqft
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Price Per Acre:1607143
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Structure Type:Duplex
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Fencing:Fence Full Rear
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Fence:Yes
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Current Use:Residential
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Road Access:Street Cuts
Listing Agent
- Contact info:
- Agent phone:
- (317) 213-1200
- Office phone:
- (317) 882-7210
Taxes
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Tax Lot:28
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Tax Year:2023
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Tax Exemptions:None
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Semi Annual Property Tax Amt:1806
The Listing
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Disclosures:Not Applicable
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Inspection Warranties:Not Applicable
Heating & Cooling
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Heating:Forced Air, Gas
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Cooling:Central Electric
Utilities
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Solid Waste:Yes
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Emerson Heights
Parking
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Parking:2 Car Garage
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Parking Features:Alley Access, Detached
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/7/24
Aug 7, 2024
|
Sold | MIBOR | $225,000 | -1.7% |
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5/3/24
May 3, 2024
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Pending | MIBOR | $229,000 | |
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5/1/24
May 1, 2024
|
Listed / Active | MIBOR | $229,000 |
