Ranch Quadplex With
For Sale
$230,000
15 N Riley Avenue, Indianapolis, IN 46201
MULTI_FAMILY - Ranch - Indianapolis, IN
Property SizeContact for details
Lot Size0.37 Acres
Days on Market51
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: Aug 5
Last Checked: Aug 11 at 11:06PM
MLS# 22109490
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This ranch-style quadplex, built in 1920, offers four residential units within a vinyl-sided structure on 0.37 acres. Three units are occupied, while unit 4 has undergone a full rehabilitation. Additional updates have been completed as units turned over, and the property includes basement space.
Off-street parking was added in 2025, with alley access also serving the property. The address is near shops, a grocery store, and restaurants, with downtown Indianapolis a few miles away. Street parking is available where legally permitted.
Off-street parking was added in 2025, with alley access also serving the property. The address is near shops, a grocery store, and restaurants, with downtown Indianapolis a few miles away. Street parking is available where legally permitted.
Key Highlights
- Four‑unit ranch property built in 1920
- Three units currently occupied
- Unit 4 received a full rehab
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied four-unit property with updated interiors and newly added off-street parking.
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 $230,000.
What are key features of this property?
This property features: Four‑unit ranch property built in 1920; Three units currently occupied; Unit 4 received a full rehab
