2853 E Riverside Drive, Indianapolis, IN 46208
- $185,000
- Sold Price
- $185,000
- List Price
- $199,900
- Closing Date
- Apr 01, 2026
- MLS#
- 22069805
- Days on Market
- 159
- Status
- SOLD
Property Description
Endless Potential Across from Riverside Park! Turnkey investment, Convert for creative income, or live-in opportunity in the popular Riverside neighborhood! This duplex bungalow at 2853-2855 Riverside Dr offers two spacious 2-bedroom, 1-bath units, each with a full, dry basement and original hardwood floors adding timeless character. Long-term tenants currently occupy both sides at $950/month per unit, providing stable income from day one. However, there's plenty of upside potential-convert to short-term rentals like Airbnb(2 car garage could be great game area), potentially convert the basements into additional units. Near major employers, like Riley Children's Hospital, making mid-term visiting nurses or similar housing an option. Or it's a great candidate to house hack by living in one side and renting out the other. Enjoy the unbeatable location directly across from Riverside Park and the White River, complete with walking trails, tennis courts, and an aquatic center. Take in peaceful park & trail views from the covered front porch, or explore nearby Marian University, IU Indianapolis, Children's Museum, downtown Indy, and White River Trail, all within easy reach. With easy interstate access, public transit nearby, and growing neighborhood revitalization, this property offers the ideal blend of stability, flexibility, and future potential. A rare opportunity in one of Indy's fastest-growing areas-perfect for investors or buyers looking to build wealth and enjoy a great location.
Additional Information
- Expenses
- 1000
- Tenant Pays
- Cable TV, Electricity, Gas
- Owner Pays
- Sewer, Water
- Basement
- Daylight, Full, Unfinished
- Foundation
- Block
- Stories
- One
- Architecture
- Craftsman, Bungalow, Ranch, Traditional
- Equipment
- Sump Pump
- Acres
- 0.16
- Heat
- Forced Air, Natural Gas
- Cooling
- Central Air
- Region
- Center
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Listing courtesy of eXp Realty, LLC. Selling Office: eXp Realty, LLC.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative