Fantastic investment opportunity in Emerson Heights! 1925-built duplex with vintage charm (Hardwood floors! Built-in-bookcases!) and offering two 3-bed, 1-bath units + sunroom on .14 acres, with 2 parking pads and a storage shed. Both sides have long-term renters in place, which are currently on month-to-month leases, renting well below market for $600 and $650. Seller has made some improvements (see attached list); with additional updates, could see immediate upside and nearly double this rental income. Easy to maintain vinyl siding with brick (wood details!). Conveniently located near shopping, grocery stores, restaurants, and Ellenberger Park. Property is sold as-is.
Pending
$179,900
617-619 N Riley Ave, Indianapolis, IN 46201
6beds
2baths
--sqft
:
Get pre-qualified$1,273/mo
Multi Family, Duplex
Built in 1925
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Storage shedVintage charmHardwood floors
- 40 days |
- 371 |
- 26 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Lauren Hewitt 317-527-6033,
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22109986
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Connections All, In Basement
Features
- Has basement: Yes
Property
Parking
- Total spaces: 2
- Details: Unit Parking(2 Car Space, Paved Area)
Features
- Levels: Two
- Stories: 2
- Exterior features: Gutter Guards
- Fencing: Fenced,Chain Link,Partial
Lot
- Size: 6,098 Square Feet
Details
- Additional structures: Storage
- Parcel number: 491004133013000101
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Brick, Vinyl Siding, Wood Siding
- Foundation: Block, Crawl Space
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1925
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Emerson Heights
Location
- Region: Indianapolis
Financial & listing details
- Annual tax amount: $3,368
- Date on market: 6/26/2026
- Cumulative days on market: 38 days
- Tenant pays: All Utilities, Cable TV, Electricity, Gas, Grounds Care, Sewer, Trash Collection, Water
Estimated market value
Not available
Estimated sales range
Not available
$1,347/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Pending sale | $179,900 |
Source:  MIBOR as distributed by MLS GRID #22109986 Report a problem | ||
| 6/26/2026 | Listed for sale | $179,900 |
Source: MIBOR as distributed by MLS GRID #22109986 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Near Eastside
Nearby schools
GreatSchools rating
- 4/10George W. Julian School 57Grades: PK-5Distance: 0.7 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 3.7 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.6 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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