15 N Riley Avenue Indianapolis, IN $ 225,000
15 N Riley Avenue
$ 225,000
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15 N Riley Avenue

Indianapolis, IN, 46201
$ 225,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,554

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Multi-Family Home for sale in Indianapolis, IN

for $225,000. This home was built in 1920 on a lot size of 0.37.

Rare opportunity for a buyer to live in one unit and rent the other three out! This tenant occupied property is ready for its next owner to add their own creative touch. The current property owner has made updates as needed when units were turned over as well as a full rehab on unit number 4. There was off street parking added in 2025 for convenience for the residents who's units are on the back of the structure but parking on the street where legal is also an option. The home is located within minutes of shops, a grocery store, restaurants, and it just a few miles from downtown Indianapolis. Three units are currently occupied; please do not disturb tenants if passing by. Total income was $2690 when fully occupied. Pictures of all of the units were taken prior to tenants moving in. Agents, please reference private remarks for lease details. Room sizes are estimates

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Multi-Family Pending

Price

$ 225,000

Property Type

Multi-Family

Taxes

$ 6,356

Style

Ranch

Lot Size

0.37

Year Built

1920

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22109490

Features
General
Possession Closing
Architectural Style Ranch
Construction Materials Vinyl Siding
Year Built 1920
Township Center
Property Subtype Quadruplex
Tax Year 2025
Current Use Residential
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Blankenship Et Al Pleasant View
Status Pending
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 4
MLS Area 4910 - Marion - Center
Lot Size Square Feet 16032
Structure Type Quadruplex
Standard Status Pending
Tax Lot 33
Legal Description Blankenship Etal Pleasant View Add Pt L33 Ne Cor P.O.B. S91.92' W167.50' N91.92' E167.5' To Beg
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Exterior
Parking Features Alley Access
Lot Features Access Busline Sidewalks Mature Trees
Foundation Details Block
Lot Size Acres 0.37
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Interior
Basement (Y/N) Y
Laundry Features Common Laundry
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* Excluded Features
List By
Wilmoth Group

Broker

evanw@wilmothgroup.com

Email

Affordability Calculator

$2,084
Per Month
75%
25%
0%
Monthly Principal & Interest
$1,554
Monthly Property Taxes
$530
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/18/2026$225,000 -2.17% Price Down
8/5/2026$230,000 -4.17% Price Down
7/22/2026$240,000 -4.00% Price Down
6/22/2026$250,000 Listed Price

Map


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15 N Riley Avenue, Indianapolis, IN, 46201 is a Multi-Family Home for sale at $225,000 with a lot size of 0.37. 15 N Riley Avenue has 0.0 baths and was built in 1920. The property's zip code is 46201 which is in Indianapolis, IN