1133 S Richland St Indianapolis, IN 46221
West Indianapolis NeighborhoodEstimated payment $1,335/month
Total Views
6,416
5
Beds
2
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
Cash-Flowing Duplex Near Downtown Indianapolis Don't miss this rare opportunity to own a well-maintained 5-bedroom duplex on the Near West Side just minutes from downtown! Whether you're an investor or an owner-occupant, live in one unit and rent the other for income and upside in a fast-growing market. Each unit offers over 1,000 square feet of living space: 1135 S Richland: A fully renovated 3 bed, 1 bath unit-top-to-bottom rehabbed and move-in ready. Listed this week at $1,175/month.1133 S Richland: A 2 bed, 1 bath unit remodeled within the past three years. Currently tenant-occupied at $975/month through 2026.Live in one, lease the other, or rent both for strong cash flow in an area with high rental demand. This property offers immediate income and long-term appreciation potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,372
Year Built
- Built in 1900
Home Design
- Duplex
- Vinyl Siding
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Additional Features
- 1.5-Story Property
- 6,011 Sq Ft Lot
Community Details
- Kuhn & Johnsons Subdivision
Listing and Financial Details
- The owner pays for taxes, sewer, water
- Tax Lot 328
- Assessor Parcel Number 491110111027000101
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,088 | $142,100 | $6,500 | $135,600 |
| 2023 | $3,088 | $125,900 | $6,500 | $119,400 |
| 2022 | $3,195 | $129,500 | $6,500 | $123,000 |
| 2021 | $1,102 | $43,500 | $6,500 | $37,000 |
| 2020 | $897 | $34,500 | $6,500 | $28,000 |
| 2019 | $878 | $33,100 | $6,500 | $26,600 |
| 2018 | $865 | $32,300 | $6,500 | $25,800 |
| 2017 | $708 | $28,900 | $6,500 | $22,400 |
| 2016 | $672 | $27,900 | $6,500 | $21,400 |
| 2014 | $577 | $26,700 | $6,500 | $20,200 |
| 2013 | $686 | $31,700 | $6,500 | $25,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | Price Changed | $194,900 | -4.9% | -- |
| 07/17/2025 07/17/25 | For Sale | $204,900 | 0.0% | -- |
| 05/31/2024 05/31/24 | Rented | $875 | 0.0% | -- |
| 05/24/2024 05/24/24 | Under Contract | -- | -- | -- |
| 05/14/2024 05/14/24 | Off Market | $875 | -- | -- |
| 04/16/2024 04/16/24 | For Rent | $875 | +12.9% | -- |
| 05/04/2022 05/04/22 | Rented | $775 | 0.0% | -- |
| 04/15/2022 04/15/22 | Under Contract | -- | -- | -- |
| 04/04/2022 04/04/22 | Price Changed | $775 | -3.1% | $1 / Sq Ft |
| 12/22/2021 12/22/21 | For Rent | $800 | 0.0% | -- |
| 11/22/2021 11/22/21 | Sold | $115,000 | +15.0% | $110 / Sq Ft |
| 10/09/2021 10/09/21 | Pending | -- | -- | -- |
| 10/07/2021 10/07/21 | For Sale | $100,000 | +11.7% | $96 / Sq Ft |
| 01/13/2021 01/13/21 | Sold | $89,500 | -0.4% | $86 / Sq Ft |
| 12/22/2020 12/22/20 | Pending | -- | -- | -- |
| 12/17/2020 12/17/20 | For Sale | $89,900 | -- | $86 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $115,200 | None Available | |
| Warranty Deed | $89,500 | None Available | |
| Deed | $35,000 | -- | |
| Warranty Deed | $35,000 | Monument Title Insurance Compa | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $86,400 | New Conventional | |
| Closed | $86,400 | New Conventional | |
| Previous Owner | $73,000 | Seller Take Back |
Source: Public Records
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Source: MIBOR Broker Listing Cooperative®
MLS Number: 22051638
APN: 49-11-10-111-027.000-101
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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