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Ranch-Style Quadplex Investment

15 N Riley Avenue, Indianapolis, IN 46201

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New

For Sale

$250,000

MULTI_FAMILY - Ranch - Indianapolis, IN

Type:Single Family Residence

Lot size:

0.37 Acres

HighLights

Tenant‑occupied investment property with all units currently occupied
Full rehab completed on unit number 4, with updates made as units were turned over
Off‑street parking added in 2025 for residents of back units (street parking where legal is also an option)
1920 construction with vinyl siding and ranch architectural style
Basement included
Minutes to shops, grocery, and restaurants; a few miles from downtown Indianapolis

We can help!

Contact an agent

Evan Wilbrandt

For Sale

$250,000

MULTI_FAMILY - Ranch - Indianapolis, IN

Type:Single Family Residence

Lot size:

0.37 Acres

Added:: Jun 22, 2026
Days on Market:: 6
Last Refresh:: Jun 27 at 2:06 pm

Property Features for 15 N Riley Avenue

General Information

Property type: Residential Multi Family
Property subtype: Single Family Residence
Rooms: Basement
Parking features: Alley
Standard status: Active
APN: 491004132012000101
Lot size: 0.37 Acres

Taxes and HOA fees

Tax Year: 2024
Tax 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

We can help!

Contact an agent

Evan Wilbrandt

Listing agent Evan Wilbrandt License #RB20001555

Listing office Wilmoth Group Crosspoint Blvd Ste 148 9855, IN

Listing date Jun 22, 2026

MLS# 22109490 Listing URL

HighLights

Tenant‑occupied investment property with all units currently occupied
Full rehab completed on unit number 4, with updates made as units were turned over
Off‑street parking added in 2025 for residents of back units (street parking where legal is also an option)
1920 construction with vinyl siding and ranch architectural style
Basement included
Minutes to shops, grocery, and restaurants; a few miles from downtown Indianapolis

Overview

This ranch-style quadplex is tenant occupied and offered for sale as a hands-on investment with immediate tenancy in place. The current owner has completed updates as units turned over, and unit 4 has undergone a full rehab. Room sizes are provided as estimates. Off-street parking was added in 2025 to serve residents whose units are located toward the back of the structure, with legal on-street parking also available.

The property is located at 15 N Riley Avenue in Indianapolis, Indiana. It is described as being within minutes of shopping, a grocery store, and restaurants, with downtown Indianapolis a few miles away. The exterior and unit photos referenced were taken prior to the current tenants moving in.

For buyers evaluating a small multifamily asset, this property offers four occupied units and a documented history of maintenance and selective renovation, including a full rehab for unit 4 and ongoing updates during turnover. Off-street parking improvements can support day-to-day resident convenience, particularly for the back-facing units. Please do not disturb tenants when viewing, and refer to private remarks for leasing details.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

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Location Insight

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Local Demand

City: Indianapolis
County: Hamilton
State: Indiana
Longitude: -86.085658
Latitude: 39.770517

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For sale
Quadplexes
IN
Indianapolis
46201
15 N Riley Avenue

What type of property is this?

Quadplex - Tenant-occupied quadplex with recent unit improvements and added off-street parking for back units.

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 $250,000.

What are key features of this property?

This property features: Tenant‑occupied investment property with all units currently occupied; Full rehab completed on unit number 4, with updates made as units were turned over; Off‑street parking added in 2025 for residents of back units (street parking where legal is also an option)

15 N Riley Avenue, Indianapolis, IN 46201

MULTI_FAMILY - Ranch - Indianapolis, IN

Property Features for 15 N Riley Avenue

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Restaurant/QSR With Drive-Thru Potential

Hard-Corner Retail/Office Building

Elevator-Served Mixed-Use Building

Flexible Office Building with Detached Garage

Industrial Flex with Multiple Overhead Doors

Renovated Office Flex Complex

Heavy Industrial Dock-High Warehouse

Corner Two-Tenant Retail and Auto Site

Warehouse Redevelopment Site

Multi-Office Building with Private Parking

Two-Level Office Building with Conference Rooms

Auto Shop with Paint Booth

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