$230,000

856 River Ave Indianapolis, IN 46221

West Indianapolis Neighborhood

Estimated payment $1,560/month

Total Views 1,671
4 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Hot Property
  • 2 Car Detached Garage
  • 2-minute walk to McCarty Triangle Park
  • Traditional Architecture

About This Home

Multi-unit opportunity near the expanding Elanco Animal Health campus and future OneHealth Innovation District. Property features a 3BR/1BA main home (vacant and available for owner-occupant or lease-up) plus a detached 1BR/1BA guesthouse currently rented month-to-month at $800/month. Ideal for house hacking or investment with strong rental demand and long-term upside.

Listing Agent

Steve Flanagan

R. P. Lux Company Brokerage Email: sflanagan@rplux.com License #RB16001253 Listed on: 04/13/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,074

Year Built

  • Built in 1890

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Washer and Dryer Hookup
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • 5,097 Sq Ft Lot
  • Separate Meters

Community Details

  • Mc Cartys West Side Addition Subdivision

Listing and Financial Details

  • The owner pays for sewer
  • Tax Lot 1043450
  • Assessor Parcel Number 491110140013000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,074

Year Built

Built in 1890

Lot Details

5,097 Sq Ft Lot

Parking

2

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1890
  • Lot Size Acres: 0.12
  • Structure Type: FreeStand
  • Subdivision Name: Mc Cartys West Side Addition
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Website: https://indianapropertyshots.pixieset.com/856riverave/
  • Conversion: No
  • Multi Rooms: 13
  • Attribution Contact: sflanagan@rplux.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: One, Two
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Owner Pays: Sewer

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Fencing: Partial
  • Road Access: Access Rd

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached
  • Unit Parking: 1 Car Garage

Utilities

  • Cooling: Separate Meters
  • Laundry Features: Connections All
  • Security Features: Smoke Detector(s)
  • Solid Waste: Yes

Lot Info

  • Lot Features: Curbs, Sidewalks, Street Lights
  • Property Attached Yn: Yes
  • Current Use: Residential, Vacant
  • Lot Size Sq Ft: 5097
  • Parcel Number: 491110140013000101
  • Acres: <1/4 Acre

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance, Water

Multi Family

  • Insurance Expense: 1200

Tax Info

  • Tax Annual Amount: 4074
  • Tax Lot: 1043450
  • Semi Annual Property Tax Amt: 2037
  • Tax Exemption: None

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2025 $4,074 $196,200 $2,100 $194,100
2024 $4,027 $171,700 $2,100 $169,600
2023 $4,027 $165,300 $2,100 $163,200
2022 $2,729 $111,200 $2,100 $109,100
2021 $1,913 $78,500 $2,100 $76,400
2020 $948 $64,000 $2,100 $61,900
2019 $806 $52,700 $2,100 $50,600
2018 $786 $50,600 $2,100 $48,500
2017 $617 $43,400 $2,100 $41,300
2016 $597 $43,400 $2,100 $41,300
2014 $539 $43,200 $2,100 $41,100
2013 $560 $45,800 $2,100 $43,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/13/2026 04/13/26 For Sale $230,000 +21.1% --
09/08/2022 09/08/22 Sold $190,000 -8.2% $153 / Sq Ft View Prior Sale
08/31/2022 08/31/22 Pending -- -- --
08/26/2022 08/26/22 For Sale $206,910 +143.4% $167 / Sq Ft
08/06/2020 08/06/20 Sold $85,000 0.0% $46 / Sq Ft View Prior Sale
06/19/2020 06/19/20 Pending -- -- --
06/19/2020 06/19/20 For Sale $85,000 -- $46 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $85,000 Title Alliance
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22094993

MIBOR Broker Listing Cooperative®

APN: 49-11-10-140-013.000-101

Indiana Marion County Indianapolis 46221 West Indianapolis

856 River Ave, Indianapolis, IN

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.

MIBOR Broker Listing Cooperative® 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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID

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Listing Agent
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R. P. Lux Company
(463) 218-7869
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