517 Riley Avenue
Indianapolis, IN 46201
0.14 acres | #22050508

Description
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
- School DistrictIndianapolis Public Schools
- SubdivisionEmerson Heights
- BasementUnfinished
- Property TypePurchase
- Original List Price$270,000
- MLS #22050508
- MLS #22050508
- CountyMarion
- Cost270000
- Property SubtypeDuplex
- Structure TypeDuplex
- Exterior MaterialsOther
- FoundationBlock
- Acres0.14
- Year Built1922
- Parking Spaces2
Location
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Last Updated:Â . Source: MIBOR
Listing Courtesy
Listing Agent: Morgan Thompson (#MBR46043)
Listing Office: Berkley & State, LLC (#MBRBSRE01)
Listing Courtesy (Buyer)
Buyer's Agent: Teresa Ashmore (#MBR23733)
Buyer's Office: T&H Realty Services, Inc. (#MBRTHRS01)

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