Pending

$230,000

856 River Ave, Indianapolis, IN 46221

4beds

2baths

--sqft

Est.:

Multi Family, Duplex

Built in 1890

-- sqft lot

$227,700 Zestimate^®

$--/sqft

$-- HOA

What's special

Multi-unit opportunity near the expanding Elanco Animal Health campus and future OneHealth Innovation District. Property features a 3BR/1BA main home (vacant and available for owner-occupant or lease-up) plus a detached 1BR/1BA guesthouse currently rented month-to-month at $800/month. Ideal for house hacking or investment with strong rental demand and long-term upside.

12 days

813

81

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Main level bathrooms: 4

Cooling

Separate Meters

Appliances

Laundry: Connections All

Features

Has basement: Yes

Property

Parking

Total spaces: 2
Parking features: Detached
Garage spaces: 2
Details: Unit Parking(1 Car Garage)

Features

Levels: One,Two
Stories: 1
Fencing: Fenced,Partial

Lot

Size: 5,227.2 Square Feet
Features: Curbs, Sidewalks, Street Lights

Details

Parcel number: 491110140013000101
Special conditions: Sales Disclosure Supplements

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Multi Family, Duplex
Attached to another structure: Yes

Materials

Brick, Vinyl Siding

Condition

New construction: No
Year built: 1890

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: Mc Cartys West Side Addition

Location

Region: Indianapolis

Financial & listing details

Tax assessed value: $171,700
Annual tax amount: $4,074
Date on market: 4/13/2026
Cumulative days on market: 13 days
Tenant pays: Electricity, Gas, Insurance, Water

Estimated market value

$227,700

$216,000 - $239,000

$1,128/mo

Price history

Date	Event	Price
4/22/2026	Pending sale	$230,000
Source: MIBOR as distributed by MLS GRID #22094993 Report a problem
4/13/2026	Listed for sale	$230,000+21.1%
Source: MIBOR as distributed by MLS GRID #22094993 Report a problem
9/8/2022	Sold	$190,000-8.2%
Source: MIBOR as distributed by MLS GRID #21879346 Report a problem
8/31/2022	Pending sale	$206,910
Source: MIBOR as distributed by MLS GRID #21879346 Report a problem
8/26/2022	Listed for sale	$206,910+143.4%
Source: MIBOR as distributed by MLS GRID #21879346 Report a problem
11/6/2020	Listing removed	$1,000
Source: Zillow Rental Manager Report a problem
10/29/2020	Listed for rent	$1,000
Source: Zillow Rental Manager Report a problem
8/6/2020	Sold	$85,000
Source: MIBOR as distributed by MLS GRID #21719687 Report a problem
6/21/2020	Pending sale	$85,000
Source: Keller Williams Indy Metro S #21719687 Report a problem
6/21/2020	Listed for sale	$85,000
Source: Keller Williams Indy Metro S #21719687 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,921 +49.3%	$171,700 +3.9%
2023	$2,625 +45%	$165,300 +48.7%
2022	$1,811 +113.3%	$111,200 +41.7%
2021	$849 +19.7%	$78,500 +22.7%
2020	$710 +2.6%	$64,000 +21.4%
2019	$692 +24.3%	$52,700 +4.2%
2018	$557 -6.7%	$50,600 +16.6%
2017	$597 +8.3%	$43,400
2016	$552 +2.4%	$43,400 +0.5%
2014	$539 -20.4%	$43,200 -5.7%
2013	$677	$45,800 -5%
2011	--	$48,200
2010	$376	$48,200 -17.5%
2007	--	$58,400 -17%
2006	--	$70,400 +34.9%
2005	--	$52,200
2004	--	$52,200
2003	--	$52,200 +90.5%
2002	--	$27,400 +199.8%
2001	--	$9,140
2000	--	$9,140