517 N Riley Avenue, Indianapolis, IN 46201
  • $270,000
  • $270,000

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.

  • Address: 517 N Riley Avenue
  • City: Indianapolis
  • State/county: IN
  • Zip/Postal Code: 46201
  • Area: Emerson Heights

Details

Updated on August 29, 2025 at 1:42 pm
  • Property ID 22050508
  • Price $270,000
  • Land Area 0.14 Acres
  • Garages 2
  • Garage Size x x
  • Year Built 1922
  • Property Type Duplex, Residential Income
  • Property Status Closed

Additional details

  • Roof Shingle
  • Cooling Central Air
  • County Marion
  • Property Type Residential Income
  • Parking Alley Access,Detached

Features

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Contact Information

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Preeti Chaggar

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