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 Market90
Property Features for 15 N Riley Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
3
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Basement, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
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
Tax Annual Amount
6356
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 16
Last Checked: Sep 19 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 1920 ranch-style quadplex includes four residential units with vinyl siding and a basement. Three units are currently occupied, while the property has received ongoing updates as units turned over, including a full rehabilitation of unit 4. Off-street parking was added in 2025, with additional street parking available where legally permitted.
The 0.37-acre property is located near shops, a grocery store, and restaurants, with downtown Indianapolis a few miles away. Alley access provides an additional parking and circulation feature for residents, including those occupying units toward the rear of the structure. The four-bathroom layout and existing tenant occupancy provide a defined multifamily configuration for an owner-occupant or investor.
The 0.37-acre property is located near shops, a grocery store, and restaurants, with downtown Indianapolis a few miles away. Alley access provides an additional parking and circulation feature for residents, including those occupying units toward the rear of the structure. The four-bathroom layout and existing tenant occupancy provide a defined multifamily configuration for an owner-occupant or investor.
Key Highlights
- Four‑unit ranch‑style property built in 1920
- Three units currently occupied
- Full rehabilitation completed on unit 4
Property Analytics
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Current Use
Lease Details
4
Residential units
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Tenant occupancy, recent unit improvements, and alley-access parking support a practical residential income configuration.
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 ranch‑style property built in 1920; Three units currently occupied; Full rehabilitation completed on unit 4
