$209,000
SOLD FEB 7, 2025
4 Beds
2 Baths
784 Sq Ft
0.31 Acres

Recently Sold

$267 Per Sq Ft

7% Below List Price

35 Days on Market

Highlights

  • 1-Story Property
  • Ben Davis University High School Rated A
  • Forced Air Heating System

About This Home

As of February 2025

Located just minutes from the iconic Indianapolis Motor Speedway, this well-maintained duplex offers great potential for both investors and house hackers. Each unit features 2 bedrooms and 1 bathroom, with the left side tenant-occupied and generating steady rental income, while the right side has been recently updated with fresh interior paint and is vacant, ready for new tenants or an owner-occupant. The property provides the perfect opportunity to live in one unit and rent out the other to offset your mortgage or increase cash flow with minimal effort. Situated in an area with easy access to Speedway, shopping, dining, and major highways, this duplex is ideal for anyone looking to expand their rental portfolio or invest in a property that offers multiple income streams. Book a showing today!

Last Agent to Sell the Property

Tyler Lingle

@properties Brokerage Email: tyler@tylerlingle.com License #RB21001983 Listed on: 12/05/2024

@properties

Co-Listed By

Kyle Hoffman

@properties Brokerage Email: tyler@tylerlingle.com

Last Buyer's Agent

Tyler Lingle

@properties Brokerage Email: tyler@tylerlingle.com License #RB21001983 Listed on: 12/05/2024

@properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,140

Year Built

  • Built in 1966

Home Design

  • Duplex
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • 1-Story Property
  • 0.31 Acre Lot
  • Forced Air Heating System

Community Details

  • Anchorage Subdivision

Listing and Financial Details

  • Tax Lot 490536124004000982
  • Assessor Parcel Number 490536124004000982
  • Seller Concessions Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,140

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1966
  • Co List Office Phone: 317-489-3441
  • Lot Size Acres: 0.31
  • On Market Date: 2024-12-05
  • Structure Type: Duplex
  • Subdivision Name: Anchorage
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 104500
  • MBR_AttributionContact: tyler@tylerlingle.com
  • Attribution Contact: tyler@tylerlingle.com
  • Special Features: None

Interior Features

  • Levels: One
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Brick
  • Fencing: Partial
  • List Price: 215000
  • Road Access: Not Applic

Garage/Parking

  • Unit Parking: 2 Car Space

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air
  • Laundry Features: Other
  • Solid Waste: No

Fee Information

  • Expenses: 0

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 13460
  • Parcel Number: 490536124004000982
  • Acres: 1/4-1/2 Acre
  • Price Acre: 674194

Green Features

  • Green Certification Y N: No

Multi Family

  • Gross Income: 800
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3140
  • Tax Lot: 490536124004000982
  • Semi Annual Property Tax Amt: 1570

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2024
Closed on
Feb 7, 2025
Sold by
Spohn Jack
Bought by
Johnson Hsu and Johnson Taneshia Ngo
Seller's Agent
Tyler Lingle
@properties
Buyer's Agent
Tyler Lingle
@properties
List Price
$225,000
Sold Price
$209,000
Premium/Discount to List
-$16,000
-7.11%
Views
68
Current Estimated Value
$202,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,262
Avg. Annual Appreciation
-8.97%
Original Mortgage
$156,750
Outstanding Balance
$156,488
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$40,503

Purchase Details

Closed on
May 31, 2022
Sold by
Heather Roush
Bought by
Spohn Jack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,250
Interest Rate
5.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $209,000 Foundation Title
Warranty Deed -- Hall Render Killian Heath & Ly
Quit Claim Deed -- Hall Render Killian Heath & Ly
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $156,750 New Conventional
Previous Owner $119,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2025 02/07/25 Sold $209,000 -2.8% $267 / Sq Ft
01/09/2025 01/09/25 Pending -- -- --
01/02/2025 01/02/25 Price Changed $215,000 -4.4% $274 / Sq Ft
12/05/2024 12/05/24 For Sale $225,000 -- $287 / 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 $3,316 $144,600 $6,300 $138,300
2023 $3,316 $133,600 $6,300 $127,300
2022 $3,247 $133,600 $6,300 $127,300
2021 $2,632 $91,100 $6,300 $84,800
2020 $2,283 $78,300 $6,300 $72,000
2019 $2,182 $74,700 $6,300 $68,400
2018 $1,674 $64,400 $6,300 $58,100
2017 $1,694 $65,400 $6,300 $59,100
2016 $1,629 $62,800 $6,300 $56,500
2014 $1,135 $56,600 $6,300 $50,300
2013 $1,185 $58,400 $6,300 $52,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22013905

MIBOR Broker Listing Cooperative®

APN: 49-05-36-124-004.000-982