Four-Unit Ranch
For Sale
$225,000
15 N Riley Avenue, Indianapolis, IN 46201
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.37 Acres
Days on Market86
Property Features for 15 N Riley Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
Alley
Subdivision
Blankenship Et Al Pleasant View
Lot features
Access, Busline, Sidewalks, Mature Trees
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Standard status
Active
APN
491004132012000101
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Blankenship Etal Pleasant View Add Pt L33 Ne Cor P.O.B. S91.92' W167.50' N91.92' E167.5' To Beg
Legal Description
Blankenship Etal Pleasant View Add Pt L33 Ne Cor P.O.B. S91.92' W167.50' N91.92' E167.5' To Beg
Building Details
Year built
1920
Number of units
4
Building materials
Vinyl Siding
Architectural style
Ranch
Listing Agency:
Wilmoth Group
(317) 842-3400
Listed By:
Evan Wilbrandt · License #RB20001555
(317) 842-6780
Added: Jun 22
Changed: Sep 12
Last Checked: Sep 15 at 2:06AM
MLS# 22109490
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit ranch-style quadplex in Indianapolis was built in 1920 and has vinyl siding. Three units are occupied, while the fourth unit has undergone a full rehabilitation. The property includes a basement and alley access, with off-street parking added in 2025 for residents whose units are positioned toward the rear. Street parking is also available where legally permitted.
The property sits near shops, a grocery store, and restaurants, with downtown Indianapolis located a few miles away. The 0.37-acre parcel offers a residential income configuration suited to an owner-occupant or an investor seeking a small multifamily asset.
The property sits near shops, a grocery store, and restaurants, with downtown Indianapolis located a few miles away. The 0.37-acre parcel offers a residential income configuration suited to an owner-occupant or an investor seeking a small multifamily asset.
Key Highlights
- Four‑unit quadplex with three occupied residences
- Full rehabilitation completed on unit 4
- Off‑street parking added in 2025
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Explore this area
Business Placement
Demographics for 46201, IN
31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Three residences are occupied, and off-street parking was added in 2025 for rear-unit residents.
Where is this quadplex located?
The property is located at 15 N Riley Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Four‑unit quadplex with three occupied residences; Full rehabilitation completed on unit 4; Off‑street parking added in 2025
