2853 E Riverside Dr

Indianapolis, IN 46208

$199,900
Price
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Beds
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Baths
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Sq. Ft.
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per Sq. Ft.

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 $750/month per unit, providing stable income from day one. However, there's plenty of upside potential-convert to short-term...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 $750/month per unit, providing stable income from day one. However, there's plenty of upside potential-convert to short-term rentals like Airbnb(1 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.
  1. Listed by Andy Ludlow • eXp Realty, LLC

Property Details for 2853 East Riverside Drive

Architectural Style
Craftsman, Bungalow, Ranch, Traditional
Subdivision Name
Browns Parkview
Township
Center
LISTING UPDATED: 12/20/2025 09:53 AM

Property Details for 2853 East Riverside Drive

StatusActive
MLS #22069805
Days on Market37
Taxes$1,962 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1931
Lot Size0.16 AC / 6,969 SF
CountyMarion County

Location

Listing Courtesy of eXp Realty, LLC
Add your commute

Building Information for 2853 East Riverside Drive

Stories-Residences2Year Built1931Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$1,315 per month

30 year fixed, 6.28% Interest

Principal and Interest

$988

Property Taxes

$327

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2853 East Riverside Drive

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46208
  • Postal Code Plus4: 4940
  • Road Access: Street Cuts
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 490627102002000101
  • Semi Annual Property Tax Amt: 1962
  • Tax Exemption: None
  • Tax Year: 2024
  • TaxLot: 19
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: Sewer, Water
Parking
  • Garage Spaces: 1.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Description: City Lot, On Trail, Sidewalks, Storm Sewer, Street Lights, Mature Trees
  • Lot Size Square Feet: 7100.0
  • Lot Size Acres: 0.16
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1931
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Browns Parkview Add L19
  • Photos Count: 34
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
Utilities
  • Solid Waste: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding, Brick
  • Foundation Details: Block
  • Roof: Asphalt, Shingle
Interior Features
  • Basement Description: Daylight, Full, Unfinished
  • Basement YN: Yes
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Levels: One
  • Additional Equipment: Sump Pump
  • Laundry Features: In Basement
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: 1 Car Garage, Guest Parking, On Street
Income & Expenses
  • Expenses: 1000
  • Gross Income: $18,000.00
Unit 1
  • Unit Kitchen: 80
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 80
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Tenant Pays: Cable TV, Electricity, Gas

Property History for 2853 East Riverside Drive

DateEvent & SourcePriceAppreciation
Nov 12, 2025

Price Change

MIBORMLS #22069805

$199,900—
Oct 24, 2025

Listed (Active)

MIBORMLS #22069805

$225,000—
Jun 6, 2022

Sold (Public Record)

Public Record #1510533275

$199,900

+21.8% / yr

Jun 6, 2022

Sold

MIBORMLS #21854899

$199,900—
May 12, 2022

Pending

MIBORMLS #21854899

—
May 11, 2022

Listed (Active)

MIBORMLS #21854899

$199,900—
Nov 4, 2016

Sold (Public Record)

Public Record #583053092

$66,500—
Nov 4, 2016

Sold

MIBORMLS #21429951

$66,500—
Sep 26, 2016

Pending

MIBORMLS #21429951

—
Jul 13, 2016

Listed (Active)

MIBORMLS #21429951

$65,756—
Dec 24, 2009

Expired

MIBORMLS #2942885

—
Aug 24, 2009

Listed (Active)

MIBORMLS #2942885

$81,900—
Oct 20, 2002

Expired

MIBORMLS #2148546

—
Oct 20, 2001

Listed (Active)

MIBORMLS #2148546

$40,000—
DateEvent & SourcePrice
11/12/2025

Price Change

MIBORMLS #22069805

$199,900
10/24/2025

Listed (Active)

MIBORMLS #22069805

$225,000
06/06/2022

Sold (Public Record)

Public Record #1510533275

$199,900

+21.8% / yr

06/06/2022

Sold

MIBORMLS #21854899

$199,900
05/12/2022

Pending

MIBORMLS #21854899

—
05/11/2022

Listed (Active)

MIBORMLS #21854899

$199,900
11/04/2016

Sold (Public Record)

Public Record #583053092

$66,500
11/04/2016

Sold

MIBORMLS #21429951

$66,500
09/26/2016

Pending

MIBORMLS #21429951

—
07/13/2016

Listed (Active)

MIBORMLS #21429951

$65,756
12/24/2009

Expired

MIBORMLS #2942885

—
08/24/2009

Listed (Active)

MIBORMLS #2942885

$81,900
10/20/2002

Expired

MIBORMLS #2148546

—
10/20/2001

Listed (Active)

MIBORMLS #2148546

$40,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2853 East Riverside Drive

Taxable ValueLand$15,000Additions$150,400Total$165,400
Tax Record2024$3,925 ($327 / month)
Home Facts
Total Finished SqFt728 SqFtAbove Grade Finished SqFt728 SqFtStories1Lot Size7,100 SqFtStyleMulti-Family Dwelling (2-4)Year Built1931Year Renovated2004CountyMARIONAPN49-06-27-102-002.000-101

Schools near 2853 East Riverside Drive

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Lew Wallace School 107
Public - PK to 6
Meredith Nicholson School 96
Public - PK to 6
Carl Wilde School 79
Public - PK to 6
Jonathan Jennings School 109
Public - PK to 6
Rating
School
Distance
Lew Wallace School 107
PublicPK to 6

Meredith Nicholson School 96
PublicPK to 6

Carl Wilde School 79
PublicPK to 6

Jonathan Jennings School 109
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2853 East Riverside Drive, Indianapolis, IN 46208

2853 East Riverside Drive is a multi-family home for sale in Indianapolis, IN 46208. This property was listed for sale on October 24, 2025 by eXp Realty, LLC, it's currently listed at $199,900. It has been on the market for a total of 37 days and was last sold on June 6, 2022. This listing's school district is Indianapolis Public Schools. Nearby schools include Lew Wallace School 107, Meredith Nicholson School 96 and Carl Wilde School 79. 2853 East Riverside Drive is a 0-bed, 0-bath, multi-family home built in 1931.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/28/2025 08:12 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.