Ranch-Style Quadplex Investment

15 N Riley Avenue, Indianapolis, IN 46201

View on Map

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 3:06 am

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

Suggested Use

Location Insight

Map
Local Demand

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

Nearby Similar for Sale

$685,000

Restaurant/QSR With Drive-Thru Potential

Restaurant-ready space with recent upgrades, signalized access, and prominent visibility along a major northside retail corridor.

5527 N Keystone Avenue, Indianapolis, IN 46220

View Details
$550,000

Hard-Corner Retail/Office Building

C-3 zoned building on a hard corner with strong traffic exposure, onsite parking, and flexible retail or office use.

5243 Rockville Road, Indianapolis, IN 46224

View Details
$3,900,000

Elevator-Served Mixed-Use Building

Well-maintained mixed-use building in CBD-2 with elevator service, dry sprinkler system, and on-site parking for tenants and visitors.

536 E Market Street, Indianapolis, IN 46204

View Details
$560,000

Flexible Office Building with Detached Garage

C-1 zoned building with a fenced outdoor area and detached garage, suited for office or education-oriented uses.

2131 E 54th Street, Indianapolis, IN 46220

View Details
$2,475,000

Renovated Office Flex Complex

Multi-tenant office and flex space with common parking and five leasable suites offering flexible occupancy options.

9130 Otis Avenue, Indianapolis, IN 46216

View Details
$4,350,000

Heavy Industrial Dock-High Warehouse

49,000 SF heavy industrial facility with multiple dock-high doors, office buildout, and 16'4" clear height.

2334 Production Drive, Indianapolis, IN 46241

View Details
$1,000,000

Corner Two-Tenant Retail and Auto Site

Remodeled two-tenant corner property in C-5 zoning, positioned for retail and auto-related business uses near major corridors.

1121 E Troy Avenue, Indianapolis, IN 46203

View Details
$1,200,000

Warehouse Redevelopment Site

Zoned I3 warehouse property on 0.46 acres with a main building receiving new roof, gutters, and a roll-up garage door.

1628 Bates Street, Indianapolis, IN 46201

View Details
$700,000

Multi-Office Building with Private Parking

Commercial-office building with 16 offices, large windows, and a private parking lot near major thoroughfares.

1300 N Pennsylvania Street, Indianapolis, IN 46202

View Details
$524,900

Two-Level Office Building with Conference Rooms

Two-level office building with conference rooms, kitchenette, multiple offices, and restrooms, plus a finished lower level.

2226 W Michigan Street, Indianapolis, IN 46222

View Details
$1,200,000

Auto Shop with Paint Booth

Automotive repair facility with a custom paint booth, office, and multiple work bays supported by front and rear vehicle access.

7086 Southeastern Avenue, Indianapolis, IN 46239

View Details
$149,000

Four-Unit Retail Value-Add Property

Four-unit retail asset on two parcels along a heavily traveled corridor, offered as-is and requiring significant improvements.

3427 W Michigan Street, Indianapolis, IN 46222

View Details

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

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

Four-Unit Retail Value-Add Property

FAQs