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
$225,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:andy ludlow
Office:exp realty, llc.
MLS#:22069805
Source:IN_MIBOR

Price summary

  • Price:$225,000

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 $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

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1931
  • Listing ID #:22069805
  • Added:3 day(s) ago
  • Updated:October 27, 2025 at 11:46 PM

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:$225,000
Copyright 2025 Metropolitan Indianapolis Board of Realtors. All rights reserved. Listings courtesy of Metropolitan Indianapolis Board of Realtors as distributed by MLS GRID. Metropolitan Indianapolis Board of Realtors provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Metropolitan Indianapolis Board of Realtors will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Metropolitan Indianapolis Board of Realtors.

New listings near 2853 E Riverside Drive