NOT LISTED FOR SALE

117 E Palmer St Indianapolis, IN 46225

Old Southside Neighborhood
8 Beds
-- Bath
3,339 Sq Ft
392 Sq Ft Lot

Last Sold September 17, 2021

Last sale price $202,700 $61 Per Sq Ft

7 Days on Market

About This Home

As of September 2021

What a great investment opportunity in Old Southside. Five, 1 bed, 1 bath, apartments. The Building is just a few block east of Bates Hendricks and a few blocks south of Downtown. If you've been watching HGTV you know this area well and can imagine what the After Renovation Value could be. Great single family income potential or potentially re-zone to mixed use. Property comes with enough space for a small private parking lot. This property is just waiting for the right buyer with vision. The two upper apartments are currently rented on a month to month at $590 and $615 respectively. The Three downstairs units are currently vacant.

Last Listed By

Rod Forrest

eXp Realty, LLC License #RB14047454 Listed on: 08/03/2021

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,760

Year Built

  • Built in 1900

Lot Details

  • 392

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation
  • Aluminum Siding

Additional Features

  • 2-Story Property
  • 392 Sq Ft Lot

Community Details

  • Fennemans Subdivision

Listing and Financial Details

  • Tenant pays for noutil
  • The owner pays for gas, insurance, taxes, sewer, trash collection, all utilities
  • Assessor Parcel Number 491113144056000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,760

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: 5+Units Commercial
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1900
  • Lot Size Acres: 0.009
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Apartment Building
  • Subdivision Name: FENNEMANS
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 5
  • Conversion: 1
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: Gas, Insurance, Taxes, Sewer, Trash Collection, All Utilities
  • Possible Use: Apt<20, Office, Residential
  • Sq Ft Main Upper: 0
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • Disclosures: Not Applicable
  • Foundation Details: Block, Brick
  • List Price: 227000
  • Road Access: CityStreet
  • Interstate: Ramp<1Mi

Garage/Parking

  • Unit Parking: On Street,Parking Lot,Unpaved

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Parcel Number: 491113144056000101
  • Acres: <1/4 Acre
  • Lot Information: Access Street,Sidewalks
  • Lot Number: 5
  • Lot Size: 32 X 128

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: NoUtil

Multi Family

  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 2760
  • Semi Annual Property Tax Amt: 1380
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2021 09/17/21 Sold $202,700 -10.7% $61 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $227,000 -- $68 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rod Forrest

    Seller's Agent in 2021

    Rod Forrest

    eXp Realty, LLC

    (317) 502-2920

    1 in this area

    122 Total Sales

    Rod Forrest
    Section Image
  • Charlene Gaard

    Buyer's Agent in 2021

    Charlene Gaard

    No Limit Real Estate, LLC

    (317) 440-2149

    1 in this area

    297 Total Sales

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21803543

MIBOR Broker Listing Cooperative®

APN: 49-11-13-144-056.000-101

Indiana Marion County Indianapolis 46225 Old Southside

117 E Palmer St, Indianapolis, IN

Homes for Sale in Indianapolis, IN

This home is located at 117 E Palmer St, Indianapolis, IN 46225 since 03 August 2021. This property was built in 1900. 117 E Palmer St is a home located in Marion County with nearby schools including James A. Garfield School 31, Arsenal Technical High School, and George Washington Community High School (9-12).

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® 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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