517 N Riley Avenue, Indianapolis, IN 46201
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key



517 N Riley Avenue,Indianapolis, IN 46201
$270,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Pending
Listed by:morgan thompson
Office:berkley & state, llc.
MLS#:22050508
Source:IN_MIBOR
Price summary
- Price:$270,000
About this home
ATTENTION: Investors & House-Hackers! This well-maintained, remodeled duplex offers a perfect blend of charm and modern updates, making it a rare turn-key investment opportunity in the heart of Emerson Heights. Each side of this spacious property features 3 bedrooms and 1 full bath, with thoughtfully updated interiors including fully refinished hardwood floors, fresh paint throughout, and stylishly renovated bathrooms. The home's character shines through with original custom-built cabinetry and intricate railing details that highlight the property's historic architecture. Both units also offer clean, usable basements with washer and dryer hookups. Recent system upgrades include a new roof, AC unit, furnace, and water heater. The property is individually metered, simplifying utility management. The property features a garage and off-street parking pad for each unit, a rare find in the neighborhood. 517 is currently under-rented at $1,100/month until 05/20/26. 519 is vacant, but has potential with projected rents of $1,200-$1,350/month. Whether you're an investor seeking solid cash flow or a homeowner looking to house-hack, this move-in-ready duplex checks all the boxes. Occupied unit being shown at this time on Wednesday, 07/16 from 4-6pm.
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Home facts
- Year built:1922
- Listing Id #:22050508
- Added:31 day(s) ago
- Updated:July 23, 2025 at 08:36 PM
Heating and cooling
- Cooling:Central Electric
Structure and exterior
- Roof:Shingle
- Year built:1922
- Lot area:0.14 Acres
Finances and disclosures
- Price:$270,000
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