Seller's Agent in 2025
Morgan Thompson
Berkley & State, LLC
(317) 548-2145
10 in this area
64 Total Sales
517 N Riley Ave Indianapolis, IN 46201
Near Eastside Neighborhood
6
Beds
2
Baths
1,242
Sq Ft
6,186
Sq Ft Lot
About This Home
As of August 2025ATTENTION: 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.
Last Agent to Sell the Property
Berkley & State, LLC License #RB22000437 Listed on: 07/14/2025
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
- Tenant pays for electricity, gas, sewer, water
- Tax Lot 1037163
- Assessor Parcel Number 491004133006000101
- Seller Concessions Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2024
Closed on
Aug 7, 2024
Sold by
Anthony Team Investments Llc
Bought by
Maringo Anthony L
Seller's Agent
David Brenton
DAVID BRENTON'S TEAM
Buyer's Agent
Morgan Thompson
JUST LIV, LLC
List Price
$229,000
Sold Price
$225,000
Premium/Discount to List
-$4,000
-1.75%
Views
13
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.51%
Original Mortgage
$157,500
Outstanding Balance
$155,745
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$73,018
Purchase Details
Closed on
Oct 27, 2023
Sold by
Scott Robert P and Scott Darla J
Bought by
Anthony Team Investments Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $225,000 | Chicago Title | |
| Warranty Deed | -- | 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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | Sold | $270,000 | 0.0% | $217 / Sq Ft |
| 07/21/2025 07/21/25 | Pending | -- | -- | -- |
| 07/14/2025 07/14/25 | For Sale | $270,000 | +20.0% | $217 / Sq Ft |
| 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®
Tax History Compared to Growth
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
Agents Affiliated with this Home
-
Morgan Thompson
-
Terri Ashmore
Buyer's Agent in 2025
Terri Ashmore
T&H Realty Services, Inc.
(317) 625-3110
1 in this area
36 Total Sales
-
David Brenton
Seller's Agent in 2024
David Brenton
DAVID BRENTON'S TEAM
(317) 882-7210
5 in this area
608 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22050508
APN: 49-10-04-133-006.000-101
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.
Nearby Homes
- 5009 E Michigan St
- 501 N Dequincy St
- 518 N Emerson Ave
- 5053 E Michigan St
- 526 N Emerson Ave
- 606 N Emerson Ave
- 517 Wallace Ave
- 609 N Emerson Ave
- 627 Wallace Ave
- 308 N Riley Ave
- 401 Wallace Ave
- 760 N Riley Ave
- 4710 E Michigan St
- 4814 E New York St
- 5106 E Pleasant Run Parkway Dr N
- 5201 E North St
- 802 N Bancroft St
- 744 Wallace Ave
- 5209 E North St
- 758 Wallace Ave