2853 E Riverside Dr

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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...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.
  1. Listed by Andy Ludlow • eXp Realty, LLC
    P: (888)-611-3912 abrl9475@gmail.com

Property Details for 2853 East Riverside Drive

Architectural Style
Craftsman, Bungalow, Ranch, Traditional
Subdivision Name
Browns Parkview
Township
Center
LISTING UPDATED: 04/06/2026 04:35 PM

Property Details for 2853 East Riverside Drive

StatusClosed
MLS #22069805
Days on Market67
Taxes$1,962 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1931
Lot Size0.16 AC / 6,969 SF
CountyMarion County

Location

Listing Courtesy of eXp Realty, LLC

Sold By eXp Realty, LLC

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Building Information for 2853 East Riverside Drive

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

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$1,259 per month

30 year fixed, 6.46% Interest

Principal and Interest

$932

Property Taxes

$327

HOA Dues

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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: 2.0
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
  • Buyer Financing: Conventnl Ins
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: 2 Car Garage, Guest Parking, On Street
Income & Expenses
  • Expenses: 1000
  • Gross Income: $22,800.00
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
Apr 1, 2026

Sold

MIBORMLS #22069805

$185,000—
Feb 3, 2026

Pending

MIBORMLS #22069805

—
Nov 12, 2025

Price Change

MIBORMLS #22069805

$199,900—
DateEvent & SourcePrice
04/01/2026

Sold

MIBORMLS #22069805

$185,000
02/03/2026

Pending

MIBORMLS #22069805

—
11/12/2025

Price Change

MIBORMLS #22069805

$199,900

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
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Clarence Farrington School 61
PublicPK to 5

Carl Wilde School 79
PublicPK to 5

Meredith Nicholson School 96
PublicPK to 5

James Whitcomb Riley School 43
PublicPK to 5

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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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

Based on information submitted to the MLS GRID as of 04/06/2026 04:35 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.