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15 N Riley Avenue

Indianapolis, IN 46201

PendingListed Jun 22, 2026 · 113 days on market

Key facts

Lot
0.37 acres
Year built
1920
Type
Residential Income · Quadruplex
MLS #
22109490
County
Marion
Subdivision
Blankenship Et Al Pleasant View

About this home

Rare opportunity for a buyer to live in one unit and rent the other three out! This tenant occupied property is ready for its next owner to add their own creative touch. The current property owner has made updates as needed when units were turned over as well as a full rehab on unit number 4. There was off street parking added in 2025 for convenience for the residents who's units are on the back of the structure but parking on the street where legal is also an option. The home is located within minutes of shops, a grocery store, restaurants, and it just a few miles from downtown Indianapolis. Three units are currently occupied; please do not disturb tenants if passing by. Total income was $2690 when fully occupied. Pictures of all of the units were taken prior to tenants moving in. Agents, please reference private remarks for lease details. Room sizes are estimates

Description provided by the listing brokerage.

Interior

Laundry
Common Laundry

Exterior

Construction
Vinyl Siding
Foundation
Block
Style
Ranch
Parking and garage
Alley Access

Lot and HOA

Lot features
AccessBuslineSidewalksMature Trees

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$6,356 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,743per month, estimated
Principal and interest $1,134Property tax $530Insurance $79
20% · $45,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$225,000
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