2853 E Riverside Dr Indianapolis, IN 46208
Riverside NeighborhoodEstimated payment $1,365/month
Highlights
- Craftsman Architecture
- Hiking Trails
- Ranch Style House
- Mature Trees
- 2 Car Detached Garage
- Forced Air Heating and Cooling System
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 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,924
Year Built
- Built in 1931
Lot Details
- 7,100 Sq Ft Lot
- Mature Trees
Parking
- 2 Car Detached Garage
- Alley Access
Home Design
- Duplex
- Craftsman Architecture
- Ranch Style House
- Traditional Architecture
- Bungalow
- Brick Exterior Construction
- Block Foundation
- Aluminum Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Laundry in Basement
- Natural lighting in basement
Location
- City Lot
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- The owner pays for sewer, water
- Tax Lot 19
- Assessor Parcel Number 490627102002000101
Community Details
Overview
- Browns Parkview Subdivision
Recreation
- Hiking Trails
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,147 | $165,400 | $15,000 | $150,400 |
| 2023 | $4,147 | $169,000 | $15,000 | $154,000 |
| 2022 | $2,301 | $94,400 | $15,000 | $79,400 |
| 2021 | $1,663 | $66,300 | $4,000 | $62,300 |
| 2020 | $1,667 | $66,300 | $4,000 | $62,300 |
| 2019 | $1,635 | $63,800 | $4,000 | $59,800 |
| 2018 | $1,344 | $51,100 | $4,000 | $47,100 |
| 2017 | $1,122 | $47,000 | $4,000 | $43,000 |
| 2016 | $1,005 | $42,500 | $4,000 | $38,500 |
| 2014 | $923 | $42,700 | $4,000 | $38,700 |
| 2013 | $888 | $42,700 | $4,000 | $38,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/20/2025 12/20/25 | For Sale | $199,900 | 0.0% | -- | |
| 11/21/2025 11/21/25 | Pending | -- | -- | -- | |
| 11/12/2025 11/12/25 | Price Changed | $199,900 | -11.2% | -- | |
| 10/24/2025 10/24/25 | For Sale | $225,000 | +12.6% | -- | |
| 06/06/2022 06/06/22 | Sold | $199,900 | 0.0% | $275 / Sq Ft | View Prior Sale |
| 05/13/2022 05/13/22 | Pending | -- | -- | -- | |
| 05/11/2022 05/11/22 | For Sale | $199,900 | +200.6% | $275 / Sq Ft | |
| 11/04/2016 11/04/16 | Sold | $66,500 | +1.1% | $91 / Sq Ft | View Prior Sale |
| 09/28/2016 09/28/16 | Pending | -- | -- | -- | |
| 09/16/2016 09/16/16 | For Sale | $65,756 | 0.0% | $90 / Sq Ft | |
| 09/02/2016 09/02/16 | Pending | -- | -- | -- | |
| 08/30/2016 08/30/16 | For Sale | $65,756 | -1.1% | $90 / Sq Ft | |
| 07/19/2016 07/19/16 | Off Market | $66,500 | -- | -- | |
| 07/13/2016 07/13/16 | For Sale | $65,756 | -- | $90 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | First American Title | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22069805
APN: 49-06-27-102-002.000-101
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
- 1449 W 29th St
- 1435 W 28th St
- 1424 W 27th St
- 2632 N Harding St
- 2526 N Harding St
- 3039 Skylar Ln
- 3105 N White River Parkway East Dr
- 1410 W Roache St
- 1346 W 27th St
- 1334 W Roache St
- 2528 N Harding St
- 1307 Congress Ave
- 2658 Burton Ave
- 1241 W 31st St
- 1467 W 33rd St
- 1229 W 31st St
- 1149 W Congress Ave
- 1211 W 30th St
- 1273 W 26th St
- 1340 W 32nd St
- 3057 Armory Dr
- 2522 N Harding St
- 1336 Burdsal Pkwy
- 928 Udell St
- 2638 Cold Spring Manor Dr
- 2602 Mansion Dr
- 2133 White Ave
- 866 W 25th St
- 1210 Golden Hill Dr
- 2948 Roberta Dr
- 1862 N Dexter St
- 1248 Herbert St Unit B
- 445 W 29th St
- 445 W 29th St
- 2430 Indianapolis Ave
- 3861 Gable Lane Dr
- 2804 N Moreland Ave
- 1929 N Warman Ave
- 1501 W 16th St
- 2838 Boulevard Place