517 N Riley Ave Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated payment $1,832/month
Total Views
1,282
6
Beds
2
Baths
--
Sq Ft
--
Price per Sq Ft
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,026
Year Built
- Built in 1922
Parking
- 2 Car Detached Garage
- Alley Access
Home Design
- Duplex
- Block Foundation
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Bathrooms
Additional Features
- 2-Story Property
- 6,186 Sq Ft Lot
- Central Air
- Unfinished Basement
Community Details
- Emerson Heights Subdivision
Listing and Financial Details
- Tax Lot 1037163
- Assessor Parcel Number 491004133006000101
Map
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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 | $3,610 | $169,700 | $25,100 | $144,600 |
| 2023 | $3,610 | $146,200 | $25,100 | $121,100 |
| 2022 | $3,736 | $152,300 | $25,100 | $127,200 |
| 2021 | $3,039 | $125,700 | $25,100 | $100,600 |
| 2020 | $2,654 | $108,700 | $9,200 | $99,500 |
| 2019 | $2,410 | $96,400 | $9,200 | $87,200 |
| 2018 | $2,182 | $86,100 | $9,200 | $76,900 |
| 2017 | $1,801 | $78,800 | $9,200 | $69,600 |
| 2016 | $1,646 | $73,200 | $9,200 | $64,000 |
| 2014 | $1,689 | $77,900 | $9,200 | $68,700 |
| 2013 | $1,897 | $91,000 | $9,200 | $81,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | For Sale | $270,000 | +20.0% | -- |
| 08/07/2024 08/07/24 | Sold | $225,000 | -1.7% | $181 / Sq Ft |
| 05/03/2024 05/03/24 | Pending | -- | -- | -- |
| 05/01/2024 05/01/24 | For Sale | $229,000 | -- | $184 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $225,000 | Chicago Title | |
| Warranty Deed | $75,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $157,500 | New Conventional | |
| Previous Owner | $89,200 | New Conventional | |
| Previous Owner | $92,000 | New Conventional |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22050508
APN: 49-10-04-133-006.000-101
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