2853 E Riverside DR Active Save Request In-Person Tour Request Virtual Tour
Indianapolis,IN 46208
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Browns Parkview
MLS Listing ID 22069805
Year Built 1931
Tax Year 2024
Lot Size 6,969 Sqft
Property Sub-Type Duplex
Property Description
Endless Potential Across from Riverside Park! Turnkey investment, Convert for creative income, or live-in opportunity in the popular Riverside neighborhood! This duplex bungalow at 2853-2855 Riverside Dr offers two spacious 2-bedroom, 1-bath units, each with a full, dry basement and original hardwood floors adding timeless character. Long-term tenants currently occupy both sides at $750/month per unit, providing stable income from day one. However, there's plenty of upside potential-convert to short-term rentals like Airbnb(1 car garage could be great game area), potentially convert the basements into additional units. Near major employers, like Riley Children's Hospital, making mid-term visiting nurses or similar housing an option. Or it's a great candidate to house hack by living in one side and renting out the other. Enjoy the unbeatable location directly across from Riverside Park and the White River, complete with walking trails, tennis courts, and an aquatic center. Take in peaceful park & trail views from the covered front porch, or explore nearby Marian University, IU Indianapolis, Children's Museum, downtown Indy, and White River Trail, all within easy reach. With easy interstate access, public transit nearby, and growing neighborhood revitalization, this property offers the ideal blend of stability, flexibility, and future potential. A rare opportunity in one of Indy's fastest-growing areas-perfect for investors or buyers looking to build wealth and enjoy a great location.
Location
State IN
County Marion
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Equipment Sump Pump
Exterior
Garage Spaces 1.0
Roof Type Asphalt,Shingle
Building
Story One
Foundation Block
Structure Type Aluminum Siding,Brick
New Construction false
Schools
School District Indianapolis Public Schools