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$199,900 -

2853 E Riverside Drive Indianapolis IN 46208

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.16
Acres

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 $750/month per unit, providing stable income from day one. However, there's plenty of upside potential-convert to short-term rentals like Airbnb(1 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.

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Property Details

Price: $199,900 Previously: $199,900 Originally: $225,000 Bathrooms: 0.00 MLS #: 22069805 Year Built: 1931 Township: Center Type: Residential Income Zip Code: 46208 City: Indianapolis Subdivision: Browns Parkview County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas

Exterior Features

Exterior Features:
  • Setting / Lot Description: City Lot, On Trail, Sidewalks, Storm Sewer, Street Lights, Mature Trees
  • # Acres: 0.16

Listing Office: Exp Realty, Llc

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on December 21st, 2025 at 1:55am EST.

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