1218 Union St Indianapolis, IN 46225
Old Southside NeighborhoodEstimated payment $1,285/month
About This Home
Discover an incredible investment or house hacking opportunity in the heart of Indy's Old Southside, just steps from everything downtown has to offer. This 7-bedroom, 4-bath single-family home is ideally situated less than a mile from Lucas Oil Stadium, a half mile from Eli Lilly's corporate offices, one mile from the Indiana Convention Center, and just minutes from major employers and attractions like White River Gardens Concert Venue, IU Health and Riley Hospital, Eskenazi Hospital, and I-70 for easy access. The property is also only 15 minutes from Indianapolis International Airport, making it a prime location for short-term rental guests. Airbnb rates in the area range from $36 to $187 per night in the winter season, giving investors strong income potential. The home features a flexible layout with 3 bedrooms and 2 baths downstairs and 4 bedrooms and 2 baths upstairs, along with two kitchens and two laundry areas-ideal for co-living, Airbnb, or creating separate rentable spaces. Major system updates include a new central air system, two water heaters, and a heat pump, all installed in 2020, along with newly insulated exterior walls, fresh paint, and new flooring in 2022. All furniture stays with the home, and the property is being sold as-is, fully furnished. Classified as 419 "Other Com Housing" in public records, It's currently caretaker-occupied with no lease in place, allowing immediate flexibility for a new owner.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,450
Year Built
- Built in 1940
Parking
- On-Street Parking
Home Design
- Duplex
- Traditional Architecture
- Block Foundation
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Unfinished Basement
- Interior and Exterior Basement Entry
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Additional Features
- 3,036 Sq Ft Lot
- Window Unit Cooling System
Community Details
- Mccartys South Add Subdivision
Listing and Financial Details
- Tax Lot 56
- Assessor Parcel Number 491113146072000101
Map
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 | $2,053 | $145,400 | $7,000 | $138,400 |
| 2023 | $2,053 | $85,000 | $3,500 | $81,500 |
| 2022 | $1,620 | $67,100 | $3,500 | $63,600 |
| 2021 | $1,447 | $61,200 | $3,200 | $58,000 |
| 2020 | $1,417 | $61,200 | $3,200 | $58,000 |
| 2019 | $1,386 | $58,700 | $3,200 | $55,500 |
| 2018 | $1,430 | $58,700 | $3,200 | $55,500 |
| 2017 | $1,234 | $56,700 | $3,200 | $53,500 |
| 2016 | $1,181 | $53,600 | $3,200 | $50,400 |
| 2014 | $1,150 | $53,200 | $3,200 | $50,000 |
| 2013 | $1,106 | $53,200 | $3,200 | $50,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/08/2026 01/08/26 | For Sale | $191,900 | 0.0% | -- |
| 12/14/2025 12/14/25 | Pending | -- | -- | -- |
| 10/21/2025 10/21/25 | Price Changed | $191,900 | -2.6% | -- |
| 10/09/2025 10/09/25 | For Sale | $197,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22067339
APN: 49-11-13-146-072.000-101
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.
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.
- 1242 Union St
- 1233 Union St
- 1126 Union St
- 1214 S Talbott St
- 1244 S Talbott St
- 1315 Union St
- 1334 Union St
- 1361 Union St
- 1410 Union St
- 110 Wisconsin St
- 1417 S Meridian St
- 17 W Arizona St
- 219 E Morris St
- 227 Sanders St
- 1459 S Meridian St
- 1438 S Illinois St
- 341 E Morris St
- 325 Sanders St
- 305 Parkway Ave
- 818 Union St
- 1223 Union St Unit 1223
- 1221 Union St
- 1244 S Talbott St
- 1242 S Talbott St
- 1122 Unit B S Meridian St
- 1360 S Talbott St
- 915 S Meridian St
- 1430 Madison Ave
- 337 Sanders St Unit ID1322532P
- 1501 S Meridian St
- 118 E Palmer St
- 46 E Palmer St
- 1210 S Senate Ave
- 1541 Union St
- 421 E Morris St
- 117 E Palmer St Unit E
- 432 Sanders St Unit A
- 1435 S Alabama St
- 1306 S East St
- 1253 S East St