1145 Madeira St Indianapolis, IN 46203
Near Southeast NeighborhoodEstimated payment $802/month
Highlights
- Mature Trees
- No HOA
- 1-Story Property
- Wood Flooring
- Bungalow
- 2-minute walk to Pride Park
About This Home
Excellent opportunity to add a cash-flowing investment property to your portfolio! This 3-bedroom, 1-bathroom home is tenant-occupied with a long-term lease in place at $1,250 per month through January 31, 2027, providing immediate rental income from day one. The current tenants have been reliable, pay rent consistently, and have been low-maintenance residents, making this a truly turnkey investment for the next owner. In accordance with tenant rights and to respect their quiet enjoyment of the property, showings will be scheduled only after an accepted offer. Please note that the washer, dryer, range, and refrigerator are owned by the tenants and will not convey with the sale. Whether you're an experienced investor looking to expand your portfolio or seeking a stable income-producing property, this home offers an excellent opportunity with an established tenancy already in place.
Listing Agent
Berkshire Hathaway HomeServices Brokerage Email: amarino@bhhsin.com License #RB21000278 Listed on: 07/10/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,396
Year Built
- Built in 1970
Lot Details
- 4,182 Sq Ft Lot
- Mature Trees
Home Design
- Bungalow
- Block Foundation
- Vinyl Siding
Interior Spaces
- 1,104 Sq Ft Home
- 1-Story Property
- Combination Kitchen and Dining Room
- Attic Access Panel
- Laundry in unit
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
- No Home Owners Association
- Hosbrook Prospect Subdivision
Listing and Financial Details
- Tax Lot 491017101124000101
- Assessor Parcel Number 491017101124000101
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $1,395 | $63,200 | $7,100 | $56,100 |
| 2024 | $1,577 | $58,800 | $7,100 | $51,700 |
| 2023 | $1,577 | $62,800 | $7,100 | $55,700 |
| 2022 | $1,411 | $56,100 | $7,100 | $49,000 |
| 2021 | $1,168 | $47,000 | $7,100 | $39,900 |
| 2020 | $1,111 | $44,400 | $7,100 | $37,300 |
| 2019 | $836 | $32,000 | $2,600 | $29,400 |
| 2018 | $741 | $27,800 | $2,600 | $25,200 |
| 2017 | $970 | $24,500 | $2,600 | $21,900 |
| 2016 | $943 | $23,800 | $2,600 | $21,200 |
| 2014 | $566 | $26,200 | $2,600 | $23,600 |
| 2013 | $563 | $26,200 | $2,600 | $23,600 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/28/2026 08/28/26 | Price Changed | $124,900 | -3.9% | $113 / Sq Ft | |
| 07/10/2026 07/10/26 | For Sale | $130,000 | +67.7% | $118 / Sq Ft | |
| 08/09/2022 08/09/22 | Sold | $77,500 | -3.1% | $70 / Sq Ft | View Prior Sale |
| 07/05/2022 07/05/22 | Pending | -- | -- | -- | |
| 06/27/2022 06/27/22 | For Sale | $80,000 | -- | $72 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Eagle Land Title | |
| Warranty Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Special Warranty Deed | -- | None Available | |
| Sheriffs Deed | $37,500 | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $35,100 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $20,000 | Purchase Money Mortgage |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22111656
APN: 49-10-17-101-124.000-101
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Ask me questions while you tour the home.