$197,000
SOLD JUL 22, 2025
2 Beds
2 Baths
826 Sq Ft
8,102 Sq Ft Lot

Recently Sold

$238 Per Sq Ft

4% Below List Price

53 Days on Market

Highlights

  • Mature Trees
  • Bungalow
  • Forced Air Heating and Cooling System
  • Detached Garage
  • 1-Story Property

About This Home

As of July 2025

Amazing investment opportunity in a well established neighborhood. This nicely maintained all brick duplex would make a great addition to any portfolio whether you're a seasoned expert or a first time investor. Both 1 bed 1 bath units had new water heaters and HVAC systems recently updated. Seperately metered so tenants can pay all utilities. Start Summer of 2025 on a high note and put this one under contract! Professional property management group currently in place with seller.

Last Agent to Sell the Property

Gabriel Lawless

Ever Real Estate, LLC License #RB14042068 Listed on: 04/25/2025

Ever Real Estate, LLC

Last Buyer's Agent

Ashley Ashley Short

Berkshire Hathaway Home License #RB22001923

Berkshire Hathaway Home

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,568

Year Built

  • Built in 1941

Lot Details

  • 8,102 Sq Ft Lot
  • Mature Trees

Parking

  • Detached Garage

Home Design

  • Duplex
  • Bungalow
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1-Story Property
  • Unfinished Basement
  • Laundry in Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • City Lot
  • Forced Air Heating and Cooling System

Community Details

  • Emerson Heights Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 4 / 1
  • Assessor Parcel Number 490734124006000701
  • Seller Concessions Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,568

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1941
  • Lot Size Acres: 0.19
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Duplex
  • Subdivision Name: Emerson Heights
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 98500
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Daylight, Unfinished
  • Levels: One
  • Total Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Roof: Shingle
  • Construction Materials: Brick
  • Direction Faces: West
  • Fencing: Partial
  • Foundation Details: Block
  • List Price: 199900
  • Waterfront: No
  • Road Access: Street Cuts

Garage/Parking

  • Parking Features: Detached
  • Unit Parking: On Street,Unpaved

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: In Basement
  • Solid Waste: Yes

Fee Information

  • Expenses: 0

Lot Info

  • Lot Features: City Lot, Sidewalks, Mature Trees
  • Property Attached Yn: No
  • Additional Parcels: No
  • Current Use: Vacant
  • Lot Size Sq Ft: 8102
  • Parcel Number: 490734124006000701
  • Acres: <1/4 Acre
  • Price Acre: 1036842

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1568
  • Tax Block: 1
  • Tax Lot: 4
  • Semi Annual Property Tax Amt: 784
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2024
Closed on
Jun 20, 2024
Sold by
Bsaibes Thomas
Bought by
Hicks Cody A
Seller's Agent
Randy Myers
Indiana Real Estate Alliance,
Buyer's Agent
Gabriel Lawless
F.C. Tucker Company
List Price
$199,900
Sold Price
$185,000
Premium/Discount to List
-$14,900
-7.45%
Views
80

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.61%
Original Mortgage
$188,977
Outstanding Balance
$187,393
Interest Rate
7.02%
Mortgage Type
VA
Estimated Equity
$6,918

Purchase Details

Listed on
Apr 22, 2018
Closed on
Jul 13, 2018
Sold by
Holly Diana L
Bought by
Thomas Bsaibes
Seller's Agent
J.D. Holly
Assist-2-Sell
Buyer's Agent
Steve Lizart
Carpenter, REALTORS®
List Price
$139,900
Sold Price
$127,000
Premium/Discount to List
-$12,900
-9.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%
Original Mortgage
$101,600
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2010
Sold by
Holly James D
Bought by
Holly Diana L
Source: Public Records

Similar Homes in Indianapolis, IN

  • 819 N Bancroft St, Indianapolis, IN 46201

    $185,000

    • 1 Bed
    • 1 Bath
    • 819 N Bancroft St
    • Indianapolis, IN

    Fall in love with this charming duplex on one of Emerson Heights' most picturesque, tree-lined streets-absolutely stunning in the fall! Each unit offers 1 bedroom and 1 bathroom with original hardwood floors, arched doorways, great storage and plenty of natural light that highlights the home's historic charm. BRAND NEW SEWER LINE! replaced July 2025. New AC in 817 (July 2025). Updates (from

    Martine Locke @properties

    Section Image
  • 913 N Drexel Ave, Indianapolis, IN 46201

    $164,900

    • 2 Beds
    • 2 Baths
    • 913 N Drexel Ave
    • Indianapolis, IN

    Nestled at 913-915 N Drexel Avenue in Indianapolis, Indiana, this income producing Emerson Heights duplex stands ready to welcome you. Recent upgrades includes new wood plank flooring and a shower surround in the 915 side, a new sewer line that was installed from the basement to the street in 2021, and various other updates and upgrades in the 913 side in 2021 and 2022. The property offers a

    Michael Carter RE/MAX Advanced Realty

    Section Image
  • 627 Wallace Ave, Indianapolis, IN 46201

    $224,900

    • 2 Beds
    • 1 Bath
    • 627 Wallace Ave
    • Indianapolis, IN

    Opportunity Time! Emerson Heights Duplex. Tall Ceilings on first floor, large trim boards, 2 Bedroom each side, 625 has 1Bath, 627 has 1.5 bath. Prime location, easy access to shopping, interstates, downtown. Investment property or primary residence, your choice. Off street parking. Home has Bee windows and vinyl siding. Will need some updating and repair. Bring your creative mind.

    Joseph Defusco DeFusco Realty and Property Se

    Section Image
  • 4710 E Michigan St, Indianapolis, IN 46201

    $169,000

    • 4 Beds
    • 2 Baths
    • 4710 E Michigan St
    • Indianapolis, IN

    Turnkey Duplex Investment Opportunity. Ideal for investors or owner-occupants, this duplex offers immediate cash flow and long-term value. Listed at $189,000, it qualifies for the 1% rule with potential rental income of $1,900/month when both sides are leased at $950/month. The 4712 unit is currently rented at $950/month, providing stable income, while 4710 is vacant and move-in ready-perfect for

    Dana Holt Keller Williams Indpls Metro N

    Section Image
  • 730 N Euclid Ave, Indianapolis, IN 46201

    $199,500

    • 4 Beds
    • 4 Baths
    • 730 N Euclid Ave
    • Indianapolis, IN

    This income producing property houses four tenants in separate studios. Each unit has private entrance, bath, kitchen and living space. Currently FULLY LEASED with 3 of the 4 with guaranteed payments via VA or Section 8. Rent varies with each unit but average just under $900 per month. Landlord pays all utilities at an average of Appox. $500 per month. Buyer can view one unit and then the others

    Brett Young eXp Realty, LLC

    Section Image
  • 401 Wallace Ave, Indianapolis, IN 46201

    $190,000

    • 4 Beds
    • 4 Baths
    • 401 Wallace Ave
    • Indianapolis, IN

    NEW PRICE on this Excellent investment opportunity in Irvington Park! This cash-flowing duplex features two 2 bed, 1 bath units-both currently occupied. Each unit offers spacious living areas and updated mechanicals. Easy access to downtown and public transit. Whether you're looking to expand your portfolio or begin your real estate investment journey, this property delivers immediate income

    Deborah Argenta Keller Williams Indpls Metro N

    Section Image
  • 626 N Euclid Ave, Indianapolis, IN 46201

    $210,000

    • 4 Beds
    • 2 Baths
    • 626 N Euclid Ave
    • Indianapolis, IN

    This duplex features two spacious 2-bedroom, 1-bath units, each offering 1,145 square feet of living space. Fully rehabbed in 2019, both sides include updated finishes and tenant-friendly layouts. The property currently brings in $1,800 per month in total rent. Located near downtown Indianapolis with convenient access to amenities, this is a strong cash-flowing asset with low upkeep.

    Olga Bliuc-Haggard New Quantum Realty Group

    Section Image
  • 1538 N Grant Ave, Indianapolis, IN 46201

    $240,000

    • 4 Beds
    • 4 Baths
    • 1538 N Grant Ave
    • Indianapolis, IN

    NEW PRICE on this Investment Opportunity - 4-Unit Section 8 Property in Glass Works Subdivision, Indianapolis (46201) Discover a strong cash-flowing opportunity with 4-unit multifamily property located in the revitalized Glass Works subdivision of Indianapolis. Each of the four units is Section 8 approved, providing reliable, government-backed rental income with long-term tenant stability.

    Deborah Argenta Keller Williams Indpls Metro N

    Section Image
  • 1328 N Chester Ave, Indianapolis, IN 46201

    $187,000

    • 2 Beds
    • 2 Baths
    • 1328 N Chester Ave
    • Indianapolis, IN

    Investor-ready opportunity in the heart of Indianapolis-this fully leased duplex at 1328-1330 North Chester Ave delivers instant cash flow with no HOA restrictions. Each unit features 1 spacious bedroom, 1 full bath, and comes equipped with a refrigerator and electric range. The property offers two detached car garage , a low-maintenance layout, and reliable tenants already in place. A newer roof

    Pavitar Khakh eXp Realty, LLC

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $185,000 Stewart Title Company
Deed $127,000 --
Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $188,977 VA
Previous Owner $101,600 New Conventional
Previous Owner $91,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 Sold $197,000 -1.5% $238 / Sq Ft
06/17/2025 06/17/25 Pending -- -- --
06/02/2025 06/02/25 Price Changed $199,900 -2.5% $242 / Sq Ft
04/25/2025 04/25/25 For Sale $205,000 +10.8% $248 / Sq Ft
06/21/2024 06/21/24 Sold $185,000 -7.5% $224 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
04/29/2024 04/29/24 For Sale $199,900 0.0% $242 / Sq Ft
04/13/2024 04/13/24 Pending -- -- --
04/06/2024 04/06/24 For Sale $199,900 +57.4% $242 / Sq Ft
07/13/2018 07/13/18 Sold $127,000 -0.7% $154 / Sq Ft
05/28/2018 05/28/18 Pending -- -- --
05/17/2018 05/17/18 Price Changed $127,900 -1.5% $155 / Sq Ft
05/07/2018 05/07/18 Price Changed $129,900 -2.3% $157 / Sq Ft
05/04/2018 05/04/18 Price Changed $132,900 -1.5% $161 / Sq Ft
04/30/2018 04/30/18 Price Changed $134,900 -3.6% $163 / Sq Ft
04/22/2018 04/22/18 For Sale $139,900 -- $169 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

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 $2,594 $166,900 $26,600 $140,300
2023 $2,594 $165,700 $26,600 $139,100
2022 $1,740 $122,600 $26,600 $96,000
2021 $1,735 $122,400 $26,600 $95,800
2020 $1,630 $114,700 $24,700 $90,000
2019 $1,638 $113,700 $24,700 $89,000
2018 $1,473 $102,000 $24,700 $77,300
2017 $2,245 $98,500 $24,700 $73,800
2016 $1,817 $80,200 $24,700 $55,500
2014 $1,055 $72,900 $24,700 $48,200
2013 $1,615 $77,700 $24,700 $53,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22034499

MIBOR Broker Listing Cooperative®

APN: 49-07-34-124-006.000-701