Sheldon Barnes
For Sale — 3521 N Riley Avenue, Indianapolis, IN 462183521 N Riley Avenue
Indianapolis, Indiana 46218
No Subdivision
3
Beds
1
Baths
920
Sq Ft
1951
Year Built
0.18
Acres
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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 3521 N Riley Avenue, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
This 3-bedroom, 1-bath home is currently rented for $900 a month and provides dependable cash flow in a growing area. Located on the northeast side of Indianapolis, it's close to parks, schools, and major roadways. The interior offers a simple, functional layout that's easy to maintain. A solid choice for investors seeking steady rental income with long-term upside.
Key things to know
- 3 bed, 1 bath layout
- Currently rented at $900/month
- Central air and natural gas heat
- Near parks and schools
- Low maintenance footprint
Monthly payment
Estimate · $115,000
$717/mo
≈ $612 principal & interest · $105 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $23,000 on a loan of $92,000.
Price history
- Price reduced$125,000 → $115,000
Apr 15, 2026
- Listedat $125,000
Jan 9, 2026
Recent comparable sales
$165,900
3141 N Bolton Avenue
2bd · 1ba · 800 sqft
Sold May 2026
$174,900
2601 Manlove Avenue
3bd · 1ba · 972 sqft
Sold May 2026
$155,000
5402 E 20th Place
2bd · 1ba · 720 sqft
Sold May 2026
$197,000
4848 E 34th Street
3bd · 2ba · 1,104 sqft
Sold May 2026
$155,000
1717 N Euclid Avenue
2bd · 1ba · 720 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 31% below median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$125,000Listed· Jan 9, 2026
$115,000Reduced
↓ $10,000 (8.0% off original)
97 days on market
Layout
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis5.3 mi
- Monon Trail (Carmel)9.7 mi
- IU Health North Hospital9.8 mi
- Carmel High School10.3 mi
- Carmel Central Park10.8 mi
- Fishers High School10.8 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
920 sq ft
Year Built
1951
Stories
One
Subdivision
No Subdivision
Bedrooms
3
Bathrooms
1 full
School District
Indianapolis Public Schools