1338 S Talbott St Indianapolis, IN 46225
Old Southside NeighborhoodEstimated payment $2,110/month
About This Home
Opportunities like this don't come along often. Whether you're looking to grow your investment portfolio or purchase a property that helps offset your monthly mortgage, this fully occupied duplex offers flexibility, dependable income, and room for future growth in a location that continues to see strong demand. Situated just minutes from downtown Indianapolis, Eli Lilly, Lucas Oil Stadium, Fountain Square, and many of the city's top restaurants, entertainment venues, and major employers, the location makes it an attractive option for both tenants and future owners. Built as a true duplex, the property was designed to provide privacy between units while offering practical layouts that continue to appeal to renters. Each unit has its own HVAC system and separate utility meters, allowing tenants to pay their own gas, electric, internet, cable, and other individual utilities. Owner responsibilities are limited to property taxes, insurance, property management, and routine maintenance, making day-to-day ownership simple and predictable. Inside, you'll find features that help set this property apart, including finished lower-level living space, in-unit laundry, hardwood flooring, private outdoor areas, and garage parking. These amenities contribute to long-term tenant satisfaction while helping the property remain competitive in today's rental market. For buyers looking to add value over time, there is also the opportunity to make thoughtful improvements that could increase both rental income and overall property value. Combined with the continued investment and redevelopment taking place throughout the surrounding area, this property offers more than just immediate cash flow-it provides the potential for long-term appreciation as well. Convenient access to major highways, downtown employers, sporting events, parks, and everyday amenities only adds to the property's appeal. Whether you're a seasoned investor searching for your next addition or someone interested in
Listing Agent
Berkshire Hathaway Home Brokerage Email: Maurice@BowTieBrokerHomes.Com License #RB16000980 Listed on: 07/02/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,556
Year Built
- Built in 1940
Parking
- 2 Car Detached Garage
Home Design
- Duplex
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Utilities
- Heating System Uses Natural Gas
- Separate Meters
Additional Features
- Laundry in Basement
- 4,966 Sq Ft Lot
Community Details
- Mc Cartys Subdivision
Listing and Financial Details
- The owner pays for association fees, insurance, lawncare, taxes
- Tax Lot 49-11-13-146-115.000-101
- Assessor Parcel Number 491113146115000101
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 | $5,307 | $220,500 | $8,500 | $212,000 |
| 2024 | $5,384 | $234,100 | $8,500 | $225,600 |
| 2023 | $5,384 | $223,300 | $8,100 | $215,200 |
| 2022 | $2,074 | $84,200 | $8,100 | $76,100 |
| 2021 | $1,688 | $69,500 | $8,100 | $61,400 |
| 2020 | $1,541 | $63,000 | $8,100 | $54,900 |
| 2019 | $1,216 | $48,100 | $3,900 | $44,200 |
| 2018 | $1,206 | $47,300 | $3,900 | $43,400 |
| 2017 | $1,030 | $44,900 | $3,900 | $41,000 |
| 2016 | $950 | $42,100 | $3,900 | $38,200 |
| 2014 | $837 | $38,700 | $3,900 | $34,800 |
| 2013 | $751 | $36,100 | $3,900 | $32,200 |
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 |
|---|---|---|---|---|---|
| 07/02/2026 07/02/26 | For Sale | $299,999 | +9.1% | -- | |
| 12/02/2022 12/02/22 | Sold | $275,000 | -4.8% | $437 / Sq Ft | View Prior Sale |
| 11/02/2022 11/02/22 | Pending | -- | -- | -- | |
| 10/25/2022 10/25/22 | For Sale | $289,000 | -- | $459 / 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 | -- | None Listed On Document | |
| Warranty Deed | -- | Foundation Title | |
| Deed | $73,000 | First American Title | |
| Deed | $73,000 | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | Landquest Title Group | |
| Quit Claim Deed | $4,415 | None Available | |
| Quit Claim Deed | $3,076 | None Available | |
| Sheriffs Deed | $10,676 | None Available | |
| Warranty Deed | -- | 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 | $206,250 | New Conventional | |
| Previous Owner | $54,600 | Commercial | |
| Previous Owner | $48,000 | Land Contract Argmt. Of Sale |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22102103
APN: 49-11-13-146-115.000-101
- 1361 Union St
- 1410 Union St
- 1335 Union St
- 1331 Union St
- 1326 Union St
- 1417 S Meridian St
- 1249 Union St
- 1459 S Meridian St
- 1238 S Talbott St
- 17 W Arizona St
- 1230 S Talbott St
- 31 W Arizona St
- 1435 S Illinois St
- 1231 S Meridian St
- 50 E Palmer St
- 1438 S Illinois St
- 106 Wisconsin St
- 1126 Union St
- 110 Wisconsin St
- 1614 S Talbott St
- 1438 S Meridian St
- 1430 Madison Ave
- 105 E Morris St Unit 105 E. Morris St. 50
- 318 Parkway Ave
- 350 Terrace Ave
- 337 Sanders St Unit SI ID1322532P
- 355 E Morris St
- 340 Prospect St Unit 22
- 1436 S New Jersey St
- 1734 S Talbott St
- 11 Iowa St
- 1309 S Senate Ave
- 1315 S Senate Ave
- 1307 S Senate Ave Unit 1309
- 432 Sanders St Unit A
- 432 Sanders St Unit A
- 436 Sanders St Unit 436 Sanders 80% AMI
- 915 S Meridian St
- 1351 S East St
- 401 Lincoln St
Ask me questions while you tour the home.