2853 E Riverside Drive, Indianapolis, IN 46208

Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
2853 E Riverside Drive,Indianapolis, IN 46208
$199,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: andy ludlow
Office: exp realty, llc.
MLS#:22069805
Source:IN_MIBOR

Price summary

  • Price:$199,900

About this home

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 $950/month per unit, providing stable income from day one. However, there's plenty of upside potential-convert to short-term rentals like Airbnb(2 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

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Home facts

  • Year built:1931
  • Listing ID #:22069805
  • Added:111 day(s) ago
  • Updated:February 13, 2026 at 08:23 AM

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1931
  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$199,900
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