Link Copied
Listed price in listed location currency (USD).
$270,000
$270,000

000

MLS® 22050508

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size -
Garage Yes
Taxes 
Lot Size 0.14 acres
Approx. Age 1922
MLS® Number 22050508

Property Address: 517 N Riley Ave, Indianapolis, IN, 46201-2919

Average square foot calculated using Size range provided by listing agent.

Description

ATTENTION: Investors & House-Hackers! This well-maintained, remodeled duplex offers a perfect blend of charm and modern updates, making it a rare turn-key investment opportunity in the heart of Emerson Heights. Each side of this spacious property features 3 bedrooms and 1 full bath, with thoughtfully updated interiors including fully refinished hardwood floors, fresh paint throughout, and stylishly renovated bathrooms. The home's character shines through with original custom-built cabinetry and intricate railing details that highlight the property's historic architecture. Both units also offer clean, usable basements with washer and dryer hookups. Recent system upgrades include a new roof, AC unit, furnace, and water heater. The property is individually metered, simplifying utility management. The property features a garage and off-street parking pad for each unit, a rare find in the neighborhood. 517 is currently under-rented at $1, 100/month until 05/20/26. 519 is vacant, but has potential with projected rents of $1, 200-$1, 350/month. Whether you're an investor seeking solid cash flow or a homeowner looking to house-hack, this move-in-ready duplex checks all the boxes. Occupied unit being shown at this time on Wednesday, 07/16 from 4-6pm.
MLS® Number22050508
Laundry Level
Central VacNo
FireplaceNo
Acreage0.14
Exterior
GarageYes
Approx. Age1922
BasementUnfinished
Driveway
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

Jul 21, 2025End Date
$270,000Sold Price

Sold

Jul 14, 2025List Date
$270,000List Price
May 3, 2024End Date
$225,000Sold Price

Sold

May 1, 2024List Date
$229,000List Price
  • Commute

Commute

Starting Address
Destination Address
517 N Riley Ave, Indianapolis, IN

Curious about your home's value?

Comparable Properties