OFF MARKET

Off Market Dec 2023 for $192K

$205,515

•

1,816

sq ft

738 N Riley Ave, Indianapolis, IN 46201

About this home

THIS IS IT!!! An unbelievable opportunity in one of the most highly sought-after neighborhoods in Indy! This Emerson Heights duplex is full of options to make your life better. Live in one side, and rent the other? YES! Obtain an easily rentable income property near downtown Indianapolis, just north of Irvington and just south of Little Flower? DOUBLE YES! Want to live out of both sides or make it into one large home in a hot-selling neighborhood? I WON'T STOP YOU! Each side features a covered front porch, living room, dining room (or secondary living space), kitchen, bathroom, bedroom, basement (which can be finished off to add an additional bedroom/bathroom), detached garage space, and picturesque backyard! The all-brick exterior makes for relatively low maintenance and solid construction throughout. You and/or your tenant(s) will enjoy being so close to amenities while also being a short walk/bike/car ride to some of the best dining/shopping/entertainment that Indy has to offer. You'll be amazed by the refinished hardwoods, excited by the endless possibilities, and charmed by the..... charm of the historical home, neighborhood, and surrounding properties. Opportunities like this don't come around everyday, so make sure to jump on this one while it's still available!

Multi-familyProperty Type

1915Year Built

6,403 sq ftLot Size

$113Est. Price/Sq.Ft.

2 car garageParking

Listed by Michael Jones • RE/MAX At The Crossing

Contact: Mike@MikeJonesSellsHomes.com

Bought with James Hart • RE/MAX At The Crossing

Redfin checked: 3 minutes ago

•Source:MIBOR as Distributed by MLS Grid #21949457

Redfin Estimate

$205,515

$14K since sold in December 2023$15K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 7.1% higher than the average sale price ($192K) of 6 comparable homes.

SOLD JUL 7, 2026
$210,000
A
2 beds4 baths3,212 sq ft
401 Wallace Ave, Indianapolis, IN 46201
SOLD MAY 8, 2026
$172,500
B
2 beds1468 baths1,168,528 sq ft
735 N Bancroft St, Indianapolis, IN 46201
SOLD JUL 23, 2026
$175,000
C
2 beds2 baths2,264 sq ft
745-747 Wallace Ave, Indianapolis, IN 46201
SOLD AUG 10, 2026
$205,000
D
2 beds1 bath2,520 sq ft
611 Wallace Ave, Indianapolis, IN 46201
SOLD JUN 30, 2026
$98,880
E
2 beds2 baths2,115 sq ft
626 N Emerson Ave, Indianapolis, IN 46219
SOLD FEB 20, 2026
$290,000
F
3 beds4 baths2,520 sq ft
802 N Bancroft St, Indianapolis, IN 46201

Claim this home to receive a free report every month with insights on the changing estimate.

Market trends in 46201, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.5%

0.4% MoM

Median sale price

$218K

$17K MoM

Avg. days on market

20d

1 days MoM

Recently sold homes

195

0 MoM

New listings for sale

NEW 3 HRS AGO
$125,000
1 bed2 baths2,744 sq ft
28-30 S Chester St, Indianapolis, IN 46201
NEW 4 HRS AGO
$159,900
2 beds1 bath1,431 sq ft
1521 N Gladstone Ave, Indianapolis, IN 46201
OPEN SUN, 3PM TO 5PM
$239,900
2 beds2 baths1,414 sq ft
1116 N Dequincy St, Indianapolis, IN 46201
NEW 15 HRS AGO
$125,000
4 beds1 bath2,070 sq ft
435 N Sherman Dr, Indianapolis, IN 46201
NEW 15 HRS AGO
$249,900
3 beds2 baths2,698 sq ft
1329 N Drexel Ave, Indianapolis, IN 46201
NEW 15 HRS AGO
$310,000
3 beds1.5 baths2,424 sq ft
952 Eastern Ave, Indianapolis, IN 46201
NEW 16 HRS AGO
$119,000
2 beds1 bath1,904 sq ft
231 N Summit St, Indianapolis, IN 46201
NEW 33 HRS AGO
$215,000
2 beds1 bath1,472 sq ft
4109 E 11th St, Indianapolis, IN 46201
NEW 1 DAY AGO
$385,000
4 beds3 baths1,908 sq ft
2008 E Maryland St, Indianapolis, IN 46201
$190,000
2 beds2 baths1,700 sq ft
226 S Gladstone Ave, Indianapolis, IN 46201
See all

Provided by Redfin

Sale history for 738 N Riley Ave

Year

Property tax

Land + Additions

Assessment*

2025

$3,069 (+1.8%)

$24,100 + $173,500

$197,600

2024

$3,014 (+23.6%)

$24,100 + $162,500

$186,600

2023

$2,438 (−30.5%)

$24,100 + $162,500

$186,600

2022

$3,508 (+22.4%)

$24,100 + $136,100

$160,200

2021

$2,865 (+14.4%)

$24,100 + $94,300

$118,400

2020

$2,505 (+10.3%)

$24,100 + $94,300

$118,400

2019

$2,270 (+10.2%)

$8,800 + $93,700

$102,500

2018

$2,061 (+22.2%)

$8,800 + $81,900

$90,700

2017

$1,687 (+9.4%)

$8,800 + $64,800

$73,600

2016

$1,542 (+6.8%)

$8,800 + $64,800

$73,600

2015

$1,444 (−8.4%)

$8,800 + $59,600

$68,400

2014

$1,576 (−11.1%)

$8,800 + $56,800

$65,600

2013

$1,773

$8,800 + $64,100

$72,900

Tax history for 738 N Riley Ave

Year

Property tax

Land + Additions

Assessment*

2025

$3,069 (+1.8%)

$24,100 + $173,500

$197,600

2024

$3,014 (+23.6%)

$24,100 + $162,500

$186,600

2023

$2,438 (−30.5%)

$24,100 + $162,500

$186,600

2022

$3,508 (+22.4%)

$24,100 + $136,100

$160,200

2021

$2,865 (+14.4%)

$24,100 + $94,300

$118,400

2020

$2,505 (+10.3%)

$24,100 + $94,300

$118,400

2019

$2,270 (+10.2%)

$8,800 + $93,700

$102,500

2018

$2,061 (+22.2%)

$8,800 + $81,900

$90,700

2017

$1,687 (+9.4%)

$8,800 + $64,800

$73,600

2016

$1,542 (+6.8%)

$8,800 + $64,800

$73,600

2015

$1,444 (−8.4%)

$8,800 + $59,600

$68,400

2014

$1,576 (−11.1%)

$8,800 + $56,800

$65,600

2013

$1,773

$8,800 + $64,100

$72,900

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

40 ft.

Lot depth

160 ft.

Lot size

6,403

Year renovated

2024

Sq. Ft.

1,816

Year built

1915

Style

Multi-Family (2-4 Unit)

County

Marion County

APN

491004142029000101

Parking Spaces

Basement

Yes

Accessible

HOA Dues

—

Garage

Yes

Features

Views

Last updated by owner on Jan 26, 2024.

COMPACT

Dwelling District Five

The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.

Zone overlays

Compact Context Area

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space

Property details

Parking

Parking Information
Unit Parking: 2 Car Garage
Parking Features: Detached
Garage Spaces: 2

Interior

Virtual Tour

Laundry Room Information
Laundry Features: In Basement

Basement Information
Has Basement
Basement Features: Daylight/Lookout Windows, Exterior Entry, Partial, Storage Space, Unfinished

Heating & Cooling
Heating Information: Forced Air, Gas
Cooling Information: Central Electric

Multi-Family Financial Information
Owner Pays: Ins Hazard, Lawncare, Taxes, Water
Gross Income: 1663
Expenses: 138

Multi-Unit Information
Multi Beds: 2
Multi Baths: 2
# of Units: 2
Multi Rooms: 10

Unit Type 1 Information
Kitchen: 120
Levels: 1
Miscellaneous: Lndry Conn, Range/Oven, Refrigrater
Rent: 750
Rent Frequency: Monthly
Utilities: Cl Cntrl Air, Fuel Gas, Heat Forced
Unit Type: 1 Bedroom

Unit Type 2 Information
Kitchen: 120
Levels: 1
Miscellaneous: Lndry Conn,Range/Oven,Refrigrater
Rent: 950
Rent Frequency: Monthly
Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced
Unit Type: 1 Bedroom

Exterior

Exterior Features
Fencing: Privacy
Roof: Asphalt

Property Features
Conversion: No

Property Information
Property Type: Residential Income
Attached Property
Has View
Property Sub Type: Duplex
Zoning: Residential

Land Information
Gross Area Sq Ft: 1360
Current Use: Residential
Acres: <1/4 Acre

Lot Information
Lot Size Acres: 0.15
Lot Features: Sidewalks, Street Lights, Mature Trees
Road Access: Access Rd

Utilities

Utility Information
Solid Waste Information: No
Building Utilities: Sewer,Water

Location

School Information
High School District: Indianapolis Public Schools

Location Information
Directions: Use GPS
Tax Legal Description: Emerson Hts 4th Sec L10 Blk7

Public facts

Beds: 2
Baths: 2.0
Sq. Ft.: 1,816
Stories: 1.0
Parking Spaces: 2
Basement: Yes
Accessible: No
Lot Size: 6,403 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1915
Year Renovated: 2024
County: Marion County
APN: 491004142029000101
HOA Dues: —
Garage: Yes
Features: Views

Home facts updated by owner on Jan 26, 2024

Other

Listing Information
Attribution Contact: Mike@MikeJonesSellsHomes.com

Green Information
Green Certification YN: No
Direction Faces: East

Home Information
Foundation Details: Block, Block
Construction Materials: Brick
Structure Type: Duplex
Levels: One
Security Features: Smoke Alarm

Around this home

Schools

Ralph Waldo Emerson School 58

Public PreK-5 • Assigned • 0.5mi

5/10

Thomas Carr Howe Middle School - An IB World School

Public 6-8 • Assigned • 0.7mi

1/10

Purdue Polytechnic High School - Englewood

Charter 9-12 • Assigned • 1.5mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 101° expected this year, 18 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

4/10 Air Factor

5 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46201

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.7 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.7 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$182,000 – $220,000

Sell confidently with a local market expert in Indianapolis. 3 minutes to get started.

Nearby similar homes

VIDEO TOUR

$134,900

2 beds504 baths283,248 sq ft

251 S Dearborn St, Indianapolis, IN 46201

$420,000

3 beds4 baths2,600 sq ft

1144-1146 Churchman Ave, Indianapolis, IN 46203

$259,900

3 beds3 baths2,352 sq ft

253 N Gray St, Indianapolis, IN 46201

$135,000

2 beds4 baths3,192 sq ft

1426 N Colorado Ave, Indianapolis, IN 46201

$174,900

Studio4 baths1,344 sq ft

730 N Euclid Ave, Indianapolis, IN 46201

$295,000

6 beds4 baths2,600 sq ft

641 E 31st St, Indianapolis, IN 46205

New listings for sale in 46201

NEW 3 HRS AGO

$125,000

1 bed2 baths2,744 sq ft

28-30 S Chester St, Indianapolis, IN 46201

NEW 4 HRS AGO3D WALKTHROUGH

$159,900

2 beds1 bath1,431 sq ft

1521 N Gladstone Ave, Indianapolis, IN 46201

OPEN SUN, 3PM TO 5PM3D WALKTHROUGH

$239,900

2 beds2 baths1,414 sq ft

1116 N Dequincy St, Indianapolis, IN 46201

NEW 15 HRS AGO

$125,000

4 beds1 bath2,070 sq ft

435 N Sherman Dr, Indianapolis, IN 46201

NEW 15 HRS AGO

$249,900

3 beds2 baths2,698 sq ft

1329 N Drexel Ave, Indianapolis, IN 46201

NEW 15 HRS AGO

$310,000

3 beds1.5 baths2,424 sq ft

952 Eastern Ave, Indianapolis, IN 46201

NEW 16 HRS AGO

$119,000

2 beds1 bath1,904 sq ft

231 N Summit St, Indianapolis, IN 46201

NEW 33 HRS AGO3D WALKTHROUGH

$215,000

2 beds1 bath1,472 sq ft

4109 E 11th St, Indianapolis, IN 46201

NEW 1 DAY AGO3D WALKTHROUGH

$385,000

4 beds3 baths1,908 sq ft

2008 E Maryland St, Indianapolis, IN 46201

Home values near 738 N Riley Ave

Data from public records.

Address	Redfin Estimate
720 North Riley Ave, Indianapolis, IN 3 Beds \| 1.5 Baths \| 2196 Sq. Ft.	$237,341
751 North Riley Ave, Indianapolis, IN 3 Beds \| 1 Baths \| 2093 Sq. Ft.	$232,256

Address	Redfin Estimate
755 North Riley Ave, Indianapolis, IN 2 Beds \| 1 Baths \| 2196 Sq. Ft.	$227,389
733 North Riley Ave, Indianapolis, IN 3 Beds \| 2 Baths \| 2023 Sq. Ft.	$202,727

Address	Redfin Estimate
744 North Riley Ave, Indianapolis, IN 4 Beds \| 2 Baths \| 2102 Sq. Ft.	$247,948
734 North Riley Ave, Indianapolis, IN 3 Beds \| 1 Baths \| 2660 Sq. Ft.	$286,600

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2023. This data may not show owner updates. Learn more.

More real estate resources

Zip Codes
Neighborhoods
Minor Civil Divisions
Cities
Popular Searches

46250 homes for sale
46256 homes for sale
46217 homes for sale
46237 homes for sale
46220 homes for sale

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

Franklin Township homes for sale
Pike Township homes for sale
Warren Township homes for sale
Washington Township homes for sale
Perry Township homes for sale

Houses for rent in Indianapolis	Agents near me	Munster, IN homes for sale	Indianapolis Housing Market
Houses for sale near me	Indianapolis, IN homes for sale	Zionsville, IN homes for sale
Land for sale near me	Carmel, IN homes for sale	Westfield, IN homes for sale
Open Houses near me	Fishers, IN homes for sale	Indianapolis Property Records
Condos for sale near me	Hammond, IN homes for sale	IN New Listings

Near Eastside homes for sale
Emerson Heights homes for sale
East Side Indianapolis homes for sale

Fishers homes for sale
Zionsville homes for sale
Carmel homes for sale