Sold
Last Sold Price
938 N Riley Ave, Indianapolis, IN 46201
Multi FamilyProperty Type
0.15 acresLot Size
1930Year Built
2 carsParking Spaces

Description

Great investment property with INSTANT CASH FLOW! Brick duplex in Emerson Heights National Historic District, an up-and-coming near-east side neighborhood minutes from downtown Indy! A beautiful tree-lined meridian gives this street a lot of charm and a park-like setting. New 1-year leases for both long-term renters @ $550 each. 1 bed/ 1 bath w/ fenced back yard, garage, and basement.Great investment property with INSTANT CASH FLOW! Brick duplex in Emerson Heights National Historic District, an up-and-coming near-east side neighborhood minutes from downtown Indy! A beautiful tree-lined meridian gives this street a lot of charm and a park-like setting. New 1-year leases for both long-term renters @ $550 each. 1 bed/ 1 bath w/ fenced back yard, garage, and basement.
  • Listed by: Sherri Roizen-Watson 317.843.7766 sherri.roizen@talktotucker.com • F.C. Tucker Company
Listing closed: 10/11/2022 12:00 AM • Source: MIBORMLS, MLS#: 21883607

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Recent comparable sales

Median sold price

$124,250

Avg days on market

38

Sale-to-list ratio

90.4%

Indianapolis, IN

9 comparable properties found

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$135,000 | 908 North Bosart Avenue, Indianapolis, IN 46201
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$129,000 | 4505 East 10th Street, Indianapolis, IN 46201
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$135,000 | 937 North Gladstone Avenue, Indianapolis, IN 46201
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$115,000 | 621 North Euclid Avenue, Indianapolis, IN 46201
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$114,000 | 4214 East 10th Street, Indianapolis, IN 46201
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$135,000 | 601 North Euclid Avenue, Indianapolis, IN 46201
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$107,000 | 4518 East 10th Street, Indianapolis, IN 46201
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Location

Listing Courtesy of F.C. Tucker Company

Sold By F.C. Tucker Company

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Property Taxes

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Property Information for 938 North Riley Avenue

Property Details
  • Taxes: $1,356 semi-annually
  • MLS Type: Residential Income / Duplex
  • Architectural Style: Bungalow
  • Subdivision Name: Emerson Heights North Section
  • Township: Center NE
Building Information
  • Residences: 2
  • Year Built: 1930
  • Lot Size: 0.15 AC / 6,403 SF
Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: 10th Street west from Emerson Avenue to Riley Avenue. South to home on right.
  • Postal Code: 46201
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491004128102000101
  • Semi Annual Property Tax Amt: 1356
  • Tax Exemption: None
  • Tax Year: 2021
  • TaxLot: 21
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: Insurance, Taxes, No Utilities
Parking
  • Garage Spaces: 2.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Lot Description: Sidewalks, Storm Sewer, Street Lights
  • Lot Size Square Feet: 6403.0
  • Lot Size Acres: 0.147
  • MLS: MIBOR
  • New Construction: False
  • Structure Type: Duplex
  • Sq Ft Total: 0.0
  • Year Built Numeric: 1930
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Inspection Warranties: See Remarks
  • Legal Subdivision: EMERSON HTS NORTH SECTION
  • Photos Count: 2
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Buyer Financing: Cash
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Separate Gas Meter
  • Operating Expense Includes: PropTaxes
  • Solid Waste: Yes
  • Utilities: Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Foundation Details: Block
  • Roof: Shingle
Interior Features
  • Basement YN: Yes
  • Cooling: Separate Meters
  • Levels: Basement, One
  • Laundry Features: Connections All
  • Multi Baths: 2
  • Multi Beds: 2
Room Information
Room Information
  • Rooms MU: 0
  • Rooms Total MU: 0
  • Total Rooms: 0
Bathrooms
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total Count: 0
  • Full Baths MU: 0
  • Half Baths MU: 0
Bedrooms
  • Beds MU: 0
  • Bedrooms MU: 0
  • Bedrooms Total: 0
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: 2 Car Garage
Income & Expenses
  • Expenses: 2712
  • Gross Income: $13,200.00
Unit 1
  • Unit Kitchen: 10X6
  • Unit Levels: 1
  • Unit Miscellaneous: No Equip
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Heat Forced,Hot Wtr Gas
Unit 2
  • Unit Kitchen: 10X6
  • Unit Levels: 1
  • Unit Miscellaneous: No Equip
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Heat Forced,Hot Wtr Gas
Rental
Rental Information
  • Tenant Pays: Electricity, Gas, Insurance, Lawncare, All Utilities

Property History for 938 North Riley Avenue

DateEvent & SourcePriceAppreciation
Oct 11, 2022

Sold (Public Record)

Public Record #1510543251

$125,000

+8.9% / yr

Oct 11, 2022

Sold

MIBORMLS #21883607

$125,000
Oct 3, 2022

Pending

MIBORMLS #21883607

DateEvent & SourcePrice
10/11/2022

Sold (Public Record)

Public Record #1510543251

$125,000

+8.9% / yr

10/11/2022

Sold

MIBORMLS #21883607

$125,000
10/03/2022

Pending

MIBORMLS #21883607

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

Public Records for 938 North Riley Avenue

Taxable ValueLand$24,100Additions$133,900Total$158,000
Tax Record2024$3,545 ($295 / month)
Home Facts
Total Finished SqFt784 SqFtAbove Grade Finished SqFt784 SqFtStories1Lot Size6,403 SqFtStyleDuplexYear Built1930Year Renovated1930ZoningZO01CountyMARIONAPN49-10-04-128-102.000-101

Schools near 938 North Riley Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Ralph Waldo Emerson School 58
PublicPK to 5

Arsenal Technical High School
Public9 to 12

George W. Julian School 57
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 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 F.C. Tucker Company

Based on information submitted to the MLS GRID as of 11/01/2023 12:16 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.