2853 E Riverside Dr

Off Market

2853 E Riverside Dr

Indianapolis IN 46208

7100 sq. ft.

Duplex

Last sold for $185,000

Andy Ludlow, last sold this property on 01 April 2026 after 876 days on market.

Overview

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 $950/month per unit, providing stable income from day one. However, there's plenty of upside potential-convert to short-term rentals like Airbnb(2 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.

Features

2 carspaces

2 garage spaces

7100 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar duplexes sold in Indianapolis over the last 12 months, the estimated median property value of 2853 E Riverside Dr is $165k.

Median value

$165k

Estimated value range

$50k - $600k

Median days on market

Estimated value trend

-8%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Indianapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2853 E Riverside Dr

2026

Sold

$185,000

01 Apr 2026 by Andy Ludlow

2022

Sold

$199,900

06 Jun 2022 by Stephan Kline, of Kline Properties, Inc.

2016

Sold

$66,500

04 Nov 2016 by Michele Cherry-Joseph, of Carpenter Realtors - Northwest

Happy sellers in Indianapolis

92%

92% of sellers in Indianapolis reported that their sale price either exceeded or met their price expectations.

Indianapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 53 duplexes similar to 2853 E Riverside Dr, have been sold.

This represents a 55% decrease in duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Indianapolis for a market analysis.

Summer Hudson

at Find A Lot To Love

(215 reviews)

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Andres Rodriguez

at Rodriguez Real Estate Group

(7 reviews)

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Nikita Crawford

at JNA REALTY LLC

4.8

(5 reviews)

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Terry Young

at Red Bridge Real Estate

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Nearby agents

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Summer Hudson

Sellers who recommend Summer Hudson have praised them for being local expert, clear communication, supportive, responsive, honest, patient, and great negotiation