1338 Norton Ave Indianapolis, IN 46227
University Heights NeighborhoodEstimated payment $1,553/month
Highlights
- Laundry Room
- 1-Story Property
- Forced Air Heating and Cooling System
- Shed
About This Home
Investor Alert! Cash flowing duplex available now! Each unit has 2 bedrooms and 1 full bathroom. LVP flooring throughout. Valued tenants in each unit with leases until 12/2025 and 3/2026. Convenient location, close to University of Indianapolis. Property has a spacious side yard and a storage shed. Walkthrough videos available upon request. Please reach out to brooke@thevuepropertygroup.com. Seller prefers to not disturb tenants with showings until the property is under contract.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,038
Year Built
- Built in 1970
Home Design
- Duplex
- Block Foundation
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Washer and Dryer Hookup
Additional Features
- 1-Story Property
- Shed
- 5,401 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- Woodlawn Gardens Subdivision
Listing and Financial Details
- The owner pays for insurance, no utilities, taxes
- Tax Lot 49-10-30-115-001.003-501
- Assessor Parcel Number 491030115001003501
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 | $4,682 | $212,300 | $13,300 | $199,000 |
| 2023 | $4,682 | $192,300 | $13,300 | $179,000 |
| 2022 | $4,187 | $172,300 | $13,300 | $159,000 |
| 2021 | $2,800 | $116,300 | $13,300 | $103,000 |
| 2020 | $2,767 | $114,500 | $13,300 | $101,200 |
| 2019 | $1,459 | $57,000 | $5,600 | $51,400 |
| 2018 | $1,718 | $67,400 | $5,600 | $61,800 |
| 2017 | $1,316 | $56,800 | $5,600 | $51,200 |
| 2016 | $1,230 | $54,000 | $5,600 | $48,400 |
| 2014 | $1,204 | $55,600 | $5,600 | $50,000 |
| 2013 | $1,274 | $61,200 | $5,600 | $55,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/02/2025 10/02/25 | Price Changed | $215,000 | -2.3% | -- | |
| 09/23/2025 09/23/25 | For Sale | $220,000 | 0.0% | -- | |
| 09/05/2025 09/05/25 | Pending | -- | -- | -- | |
| 09/03/2025 09/03/25 | For Sale | $220,000 | +41.9% | -- | |
| 07/21/2021 07/21/21 | Sold | $155,000 | -3.1% | $198 / Sq Ft | View Prior Sale |
| 06/08/2021 06/08/21 | Pending | -- | -- | -- | |
| 05/28/2021 05/28/21 | For Sale | $159,900 | -- | $204 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | New Title Company Name | |
| Quit Claim Deed | -- | New Title Company Name | |
| Quit Claim Deed | -- | New Title Company Name | |
| Warranty Deed | $155,000 | Victory Title | |
| Deed | -- | Quality Title | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $116,250 | New Conventional | |
| Previous Owner | $10,000 | Purchase Money Mortgage | |
| Previous Owner | $80,900 | Adjustable Rate Mortgage/ARM |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22060697
APN: 49-10-30-115-001.003-501
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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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