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    2853 E Riverside Dr Indianapolis, IN 46208

    Pending
    For Sale
    $199,900

    Craftsman,Bungalow,Ranch,Traditional, Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.16 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 6 at 7:06 pm

    Property Features for 2853 E Riverside Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Rooms
    Basement
    APN
    490627102002000101
    Basement Y/N
    1
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1931
    Number of units
    2
    Building materials
    Aluminum Siding, Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Bungalow

    eXp Realty (812) 734-6048 [email protected]

    Listing agent Andy Ludlow (888) 611-3912 License #RB15001428

    Listing date Nov 22, 2025

    MLS# 22069805 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Duplex Near Riverside Park

    Located across from Riverside Park in the Riverside neighborhood, this duplex bungalow at 2853-2855 Riverside Dr presents an investment opportunity. The property features two 2-bedroom, 1-bath units, each with a full, dry basement and original hardwood floors. Both units are currently occupied by long-term tenants, generating a monthly income of $750 per unit. The property offers potential for conversion into short-term rentals or the basements into additional units. Its location near major employers like Riley Children's Hospital also makes it suitable for mid-term housing. The property is located directly across from Riverside Park and the White River, offering access to walking trails, tennis courts, and an aquatic center. The covered front porch provides views of the park and trails. Nearby amenities include Marian University, IU Indianapolis, the Children's Museum, downtown Indy, and the White River Trail. With easy interstate access and public transit nearby, the property benefits from ongoing neighborhood revitalization. The lot size is 0.16 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.190862
    Latitude
    39.807894

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    FAQs

    What type of property is this?
    Duplex - Investment opportunity near Riverside Park with income potential.
    Where is this duplex located?
    The property is located at 2853 E Riverside Dr Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Prime location directly across from Riverside Park and the White River, offering park and trail views.; - Turnkey duplex with two spacious 2-bedroom units, providing immediate rental income.; - Significant income upside potential through short-term rentals, basement conversion, or mid-term housing.
    (888) 611-3912
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    2853 E Riverside Dr Indianapolis, IN 46208
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    Indianapolis, IN 46208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2853 E Riverside Dr Indianapolis, IN 46208
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