2853 E Riverside Drive, Indianapolis, IN 46208

Property Description

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.

Listing Status:

Active

Listing Office:

eXp Realty, LLC : 317-372-6147

Listing Agent:

Andy Ludlow : 317-372-6147

MLS ID:

22069805

Interior

• Laundry: In Basement
• Basement: DaylightFullUnfinished
• A/C: Central Air
• Heating: Forced AirNatural Gas

Exterior

• Style: CraftsmanBungalowRanchTraditional
• Parking: Alley AccessDetachedGravel

Construction

• Roofing: AsphaltShingle
• General: OneBlock

Location

• Road/Access: Asphalt
• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: Browns Parkview Add L19490627102002000101
• Current Use: Residential

Financial

• Source: mibor

This listing courtesy of Andy Ludlow, eXp Realty, LLC