Multi-unit opportunity near the expanding Elanco Animal Health campus and future OneHealth Innovation District. Property features a 3BR/1BA main home (vacant and available for owner-occupant or lease-up) plus a detached 1BR/1BA guesthouse currently rented month-to-month at $800/month. Ideal for house hacking or investment with strong rental demand and long-term upside.
Active
$230,000
856 River Ave, Indianapolis, IN 46221
4beds
2baths
--sqft
Multi Family, Duplex
Built in 1890
-- sqft lot
$226,200 Zestimate®
$--/sqft
$-- HOA
What's special
- 88 days |
- 723 |
- 59 |
Zillow last checked:
Listing updated:
Listed by:
Stephen Flanagan 317-236-9172,
R. P. Lux Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22094993
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Main level bathrooms: 4
Cooling
- Separate Meters
Appliances
- Laundry: Connections All
Features
- Has basement: Yes
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
- Details: Unit Parking(1 Car Garage)
Features
- Levels: One,Two
- Stories: 1
- Fencing: Fenced,Partial
Lot
- Size: 5,227 Square Feet
- Features: Curbs, Sidewalks, Street Lights
Details
- Parcel number: 491110140013000101
- Special conditions: Sales Disclosure Supplements
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Materials
- Brick, Vinyl Siding
Condition
- New construction: No
- Year built: 1890
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Mc Cartys West Side Addition
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $196,200
- Annual tax amount: $4,074
- Date on market: 4/13/2026
- Cumulative days on market: 66 days
- Tenant pays: Electricity, Gas, Insurance, Water
Estimated market value
$226,200
$215,000 - $238,000
$1,183/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Listed for rent | $1,500+50% |
Source: Zillow Rentals Report a problem | ||
| 5/14/2026 | Listed for sale | $230,000 |
Source:  MIBOR as distributed by MLS GRID #22094993 Report a problem | ||
| 4/22/2026 | Pending sale | $230,000 |
Source: MIBOR as distributed by MLS GRID #22094993 Report a problem | ||
| 4/13/2026 | Listed for sale | $230,000+21.1% |
Source: MIBOR as distributed by MLS GRID #22094993 Report a problem | ||
| 9/8/2022 | Sold | $190,000-8.2% |
Source: MIBOR as distributed by MLS GRID #21879346 Report a problem | ||
| 8/31/2022 | Pending sale | $206,910 |
Source: MIBOR as distributed by MLS GRID #21879346 Report a problem | ||
| 8/26/2022 | Listed for sale | $206,910+143.4% |
Source: MIBOR as distributed by MLS GRID #21879346 Report a problem | ||
| 11/6/2020 | Listing removed | $1,000 |
Source: Zillow Rental Manager Report a problem | ||
| 10/29/2020 | Listed for rent | $1,000 |
Source: Zillow Rental Manager Report a problem | ||
| 8/6/2020 | Sold | $85,000 |
Source: MIBOR as distributed by MLS GRID #21719687 Report a problem | ||
| 6/21/2020 | Pending sale | $85,000 |
Source: Keller Williams Indy Metro S #21719687 Report a problem | ||
| 6/21/2020 | Listed for sale | $85,000 |
Source: Keller Williams Indy Metro S #21719687 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,074 +3.9% | $196,200 +14.3% |
| 2024 | $3,921 +49.3% | $171,700 +3.9% |
| 2023 | $2,625 +45% | $165,300 +48.7% |
| 2022 | $1,811 +113.3% | $111,200 +41.7% |
| 2021 | $849 +19.7% | $78,500 +22.7% |
| 2020 | $710 +2.6% | $64,000 +21.4% |
| 2019 | $692 +24.3% | $52,700 +4.2% |
| 2018 | $557 -6.7% | $50,600 +16.6% |
| 2017 | $597 +8.3% | $43,400 |
| 2016 | $552 +2.4% | $43,400 +0.5% |
| 2014 | $539 -20.4% | $43,200 -5.7% |
| 2013 | $677 | $45,800 -5% |
| 2011 | -- | $48,200 |
| 2010 | $376 | $48,200 -17.5% |
| 2007 | -- | $58,400 -17% |
| 2006 | -- | $70,400 +34.9% |
| 2005 | -- | $52,200 |
| 2004 | -- | $52,200 |
| 2003 | -- | $52,200 +90.5% |
| 2002 | -- | $27,400 +199.8% |
| 2001 | -- | $9,140 |
| 2000 | -- | $9,140 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: West Indianapolis
Nearby schools
GreatSchools rating
- 4/10Edison School of the Arts 47Grades: K-8Distance: 0.2 mi
- 1/10George Washington Community High School (9-12)Grades: 9-12Distance: 1.3 mi
- 4/10William Penn School 49Grades: 6-8Distance: 0.8 mi
- $100,6002 bd-- ba1.2k sqft852 River Ave, Indianapolis, IN 46221Off Market
- $99,5003 bd-- ba1.1k sqft904 River Ave, Indianapolis, IN 46221Off Market
- $147,6003 bd-- ba1.4k sqft848 River Ave, Indianapolis, IN 46221Off Market
- $201,6004 bd2 ba1.6k sqft908 River Ave, Indianapolis, IN 46221Off Market
- $--2 bd1 ba1k sqft910 912 River Ave, Indianapolis, IN 46221Off Market
- $107,9002 bd1 ba1.5k sqft910 River Ave, Indianapolis, IN 46221Off Market
- $149,7002 bd2 ba1.2k sqft844 River Ave, Indianapolis, IN 46221Off Market
- $243,9004 bd2 ba-- sqft912 River Ave, Indianapolis, IN 46221Sold
A local agent can set up tours, give advice and negotiate with sellers.
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