Sold
Last Sold Price
738 N Riley Ave, Indianapolis, IN 46201
Multi FamilyProperty Type
0.15 acresLot Size
1915Year Built
2 carsParking Spaces

Description

This is it! An unbelievable opportunity in one of the most highly sought-after neighborhoods in Indy! This Emerson Heights duplex is full of options to make your life better. Live in one side, and rent the other? Yes! Obtain an easily rentable income property near downtown Indianapolis, just north of Irvington and just south of Little Flower? Double yes! Want to live out of both sides or make it into one large home in a hot-selling neighborhood? I won't stop you! Each side features a covered front...This is it! An unbelievable opportunity in one of the most highly sought-after neighborhoods in Indy! This Emerson Heights duplex is full of options to make your life better. Live in one side, and rent the other? Yes! Obtain an easily rentable income property near downtown Indianapolis, just north of Irvington and just south of Little Flower? Double yes! Want to live out of both sides or make it into one large home in a hot-selling neighborhood? I won't stop you! Each side features a covered front porch, living room, dining room (or secondary living space), kitchen, bathroom, bedroom, basement (which can be finished off to add an additional bedroom/bathroom), detached garage space, and picturesque backyard! The all-brick exterior makes for relatively low maintenance and solid construction throughout. You and/or your tenant(s) will enjoy being so close to amenities while also being a short walk/bike/car ride to some of the best dining/shopping/entertainment that Indy has to offer. You'll be amazed by the refinished hardwoods, excited by the endless possibilities, and charmed by the..... charm of the historical home, neighborhood, and surrounding properties. Opportunities like this don't come around everyday, so make sure to jump on this one while it's still available!
  • Listed by: Michael Jones 317.595.1900 Mike@MikeJonesSellsHomes.com • RE/MAX At The Crossing
Listing closed: 12/11/2023 12:00 AM • Source: MIBORMLS, MLS#: 21949457

See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Recent comparable sales

Median sold price

$182,000

Avg days on market

29

Sale-to-list ratio

189.0%

Indianapolis, IN

9 comparable properties found

$210,000 | Undisclosed Address, Indianapolis, IN 46201
1/46
1

$210,000

Sold 05/27/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.29
Acres
$175,000 | 745-747 Wallace Avenue, Indianapolis, IN 46201
1/26
2

$175,000

Sold 07/23/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.15
Acres
$172,500 | 735 North Bancroft Street, Indianapolis, IN 46201
1/24
3

$172,500

Sold 05/08/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.15
Acres
$192,500 | 833-835 North Riley Avenue, Indianapolis, IN 46201
1/39
4

$192,500

Sold 01/23/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.14
Acres
$192,500 | 841 Dequincy Street, Indianapolis, IN 46201
1/39
5

$192,500

Sold 10/16/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.14
Acres
$175,000 | 819 North Bancroft Street, Indianapolis, IN 46201
1/21
6

$175,000

Sold 08/27/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.15
Acres
$182,000 | 841-843 Wallace Avenue, Indianapolis, IN 46201
1/18
7

$182,000

Sold 06/09/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.14
Acres
$200,000 | 902 North Emerson Avenue, Indianapolis, IN 46219
1/37
8

$200,000

Sold 07/28/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.15
Acres
$175,000 | 831 North Emerson Avenue, Indianapolis, IN 46219
1/9
9

$175,000

Sold 12/13/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.14
Acres

Location

Listing Courtesy of RE/MAX At The Crossing

Sold By RE/MAX At The Crossing

Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$1,253 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,025

Property Taxes

$228

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 738 North Riley Avenue

Property Details
  • Taxes: $1,366 semi-annually
  • MLS Type: Residential Income / Duplex
  • Architectural Style: Craftsman
  • Subdivision Name: Emerson Heights
  • Township: Center NE
  • Waterfront: No
  • Zoning: Residential
Building Information
  • Residences: 2
  • Year Built: 1915
  • Lot Size: 0.15 AC / 6,534 SF
Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: Use GPS
  • Postal Code: 46201
  • Postal Code Plus4: 2924
  • Road Access: Access Rd
  • State Or Province: IN
  • View: City, Neighborhood
  • View: Yes
Taxes and HOA Information
  • Parcel Number: 491004142029000101
  • Semi Annual Property Tax Amt: 1366
  • Tax Exemption: Mortgage Tax Exemption
  • Tax Year: 2022
  • TaxLot: 10
  • Tax Block: 4th
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: Ins Hazard, Lawncare, Taxes, Water
Parking
  • Garage Spaces: 2.0
Virtual Tour
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Gross Area SQFT: 1360
  • Lot Description: Sidewalks, Street Lights, Mature Trees
  • Lot Size Square Feet: 6403.0
  • Lot Size Acres: 0.15
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1915
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Inspection Warranties: General
  • Legal Subdivision: Emerson Hts 4th Sec L10 Blk7
  • Photos Count: 27
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Buyer Financing: Conventional
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Sewer,Water
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Foundation Details: Block
  • Roof: Asphalt
  • Fencing: Privacy
Interior Features
  • Basement Description: Daylight/Lookout Windows, Exterior Entry, Partial, Storage Space, Unfinished
  • Basement YN: Yes
  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Levels: One
  • Laundry Features: In Basement
  • Multi Baths: 2
  • Multi Beds: 2
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: 2 Car Garage
Income & Expenses
  • Expenses: 138
  • Gross Income: $1,663.00
Unit 1
  • Unit Kitchen: 120
  • Unit Levels: 1
  • Unit Miscellaneous: Lndry Conn,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced
  • Unit Type Type: 1 Bedroom
Unit 2
  • Unit Kitchen: 120
  • Unit Levels: 1
  • Unit Miscellaneous: Lndry Conn,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced
  • Unit Type Type: 1 Bedroom
Rental
Rental Information
  • Tenant Pays: Cable TV, Carpet Cleaning, Electricity, Garage/Car Port, Gas, Insurance

Property History for 738 North Riley Avenue

DateEvent & SourcePriceAppreciation
Dec 11, 2023

Sold

MIBORMLS #21949457

$192,000—
Nov 30, 2023

Sold (Public Record)

Public Record #1523685983

$192,000—
Nov 30, 2023

Sold (Public Record)

Public Record #1535799629

$192,000—
DateEvent & SourcePrice
12/11/2023

Sold

MIBORMLS #21949457

$192,000
11/30/2023

Sold (Public Record)

Public Record #1523685983

$192,000
11/30/2023

Sold (Public Record)

Public Record #1535799629

$192,000

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

Public Records for 738 North Riley Avenue

Taxable ValueLand$24,100Additions$162,500Total$186,600
Tax Record2024$2,873 ($239 / month)
Home Facts
Total Finished SqFt908 SqFtAbove Grade Finished SqFt908 SqFtStories1Lot Size6,403 SqFtStyleMulti-Family Dwelling (2-4)Year Built1915Year Renovated1976ZoningZO01CountyMARIONAPN49-10-04-142-029.000-101

Schools near 738 North Riley Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - K to 12
Public - PK to 5
Rating
School
Distance
Daniel Webster School 46
PublicPK to 5

William Penn School 49
Public6 to 8

Impact Academy 2
PublicK to 12

James A. Garfield School 31
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.

Similar Homes

New listings in 46201

New

$280,000

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.06
Acres

$225,000

3
Bedrooms
1,602
Square Feet
0.06
Acres
New

$180,000

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.1
Acres
New

$215,000

2
Bedrooms
1,968
Square Feet
0.13
Acres
$94,900 | 448 North Gray Street, Indianapolis, IN 46201
1/19
New

$94,900

2
Bedrooms
2,422
Square Feet
0.18
Acres
$99,999 | 442 North Bradley Avenue, Indianapolis, IN 46201
1/3
New

$99,999

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.07
Acres
$135,000 | 5051 East 13th Street, Indianapolis, IN 46201
1/24
New

$135,000

3
Bedrooms
1,838
Square Feet
0.14
Acres
$45,000 | 334 Leeds Avenue, Indianapolis, IN 46201
New

$45,000

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.14
Acres
$142,000 | 710 North Bosart Avenue, Indianapolis, IN 46201
1/35
New

$142,000

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.1
Acres

Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX At The Crossing

Based on information submitted to the MLS GRID as of 12/11/2023 11:04 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.