1407 S Alabama St Indianapolis, IN 46225
Bates-Hendricks NeighborhoodEstimated payment $2,360/month
Highlights
- Popular Property
- Property is near a bus stop
- Forced Air Heating and Cooling System
- 2 Car Detached Garage
About This Home
Income-Producing Duplex in the heart of Bates Hendricks - Fully Remodeled & Move-In Ready! Discover this charming duplex in the highly desirable Bates Hendricks neighborhood, where modern updates meet timeless character. Each identical unit offers 2 bedrooms, 1 full bathroom, and its own garage space, providing comfort and convenience for both residents and tenants alike. Step inside and you'll find a home that has been completely remodeled with stylish finishes throughout, including luxury vinyl plank flooring, fresh paint, and sleek euro-style kitchens. Everything is move-in ready - just close on the purchase, place your tenants, and start generating income immediately. Enjoy the outdoors on the covered front porch or entertain in the spacious backyard, which offers even more potential for your investment - envision a carriage house or ADU to expand your rental income. This property is not only a strong investment opportunity, it's also perfect for house-hackers. Live in one unit and rent out the other to offset your mortgage and expenses, all while building long-term wealth. Located just minutes from downtown Indianapolis, this duplex combines modern living with an unbeatable location in a thriving neighborhood with strong rental demand. Whether you're looking for a turnkey investment property or a smart way to own your own home while tenants help pay the bills, this Bates Hendricks duplex is the opportunity you've been waiting for!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,644
Year Built
- Built in 1885
Parking
- 2 Car Detached Garage
Home Design
- Duplex
Interior Spaces
- 2-Story Property
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Additional Features
- 7,405 Sq Ft Lot
- Property is near a bus stop
- Forced Air Heating and Cooling System
Community Details
- Woodruff Sub Morris Add Subdivision
Listing and Financial Details
- Tax Lot 1029493
- Assessor Parcel Number 491113162065000101
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 | $5,705 | $315,700 | $24,600 | $291,100 |
| 2023 | $5,705 | $255,300 | $24,600 | $230,700 |
| 2022 | $6,755 | $224,600 | $24,600 | $200,000 |
| 2021 | $4,040 | $168,700 | $24,600 | $144,100 |
| 2020 | $5,040 | $175,800 | $24,600 | $151,200 |
| 2019 | $1,750 | $68,000 | $4,500 | $63,500 |
| 2018 | $2,055 | $59,700 | $4,500 | $55,200 |
| 2017 | $2,339 | $50,800 | $4,500 | $46,300 |
| 2016 | $1,472 | $46,200 | $4,500 | $41,700 |
| 2014 | $913 | $42,000 | $4,500 | $37,500 |
| 2013 | $878 | $42,000 | $4,500 | $37,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/06/2025 10/06/25 | For Sale | $324,999 | 0.0% | -- | |
| 01/12/2024 01/12/24 | Rented | $1,450 | 0.0% | -- | |
| 12/04/2023 12/04/23 | For Rent | $1,450 | 0.0% | -- | |
| 11/30/2023 11/30/23 | Sold | $325,000 | -7.1% | $342 / Sq Ft | View Prior Sale |
| 11/04/2023 11/04/23 | Pending | -- | -- | -- | |
| 09/18/2023 09/18/23 | For Sale | $349,900 | +75.0% | $369 / Sq Ft | |
| 04/08/2022 04/08/22 | Sold | $200,000 | +5.3% | $211 / Sq Ft | View Prior Sale |
| 02/14/2022 02/14/22 | Pending | -- | -- | -- | |
| 02/08/2022 02/08/22 | For Sale | $190,000 | +58.3% | $200 / Sq Ft | |
| 12/16/2019 12/16/19 | Sold | $120,000 | -19.9% | $126 / Sq Ft | View Prior Sale |
| 12/09/2019 12/09/19 | Pending | -- | -- | -- | |
| 12/05/2019 12/05/19 | For Sale | $149,900 | 0.0% | $158 / Sq Ft | |
| 11/22/2019 11/22/19 | Pending | -- | -- | -- | |
| 11/14/2019 11/14/19 | Price Changed | $149,900 | -3.3% | $158 / Sq Ft | |
| 11/04/2019 11/04/19 | For Sale | $155,000 | +287.5% | $163 / Sq Ft | |
| 04/30/2016 04/30/16 | Sold | $40,000 | +14.3% | $42 / Sq Ft | View Prior Sale |
| 04/19/2016 04/19/16 | Pending | -- | -- | -- | |
| 04/13/2016 04/13/16 | For Sale | $35,000 | -- | $37 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $325,000 | Lenders Escrow & Title | |
| Warranty Deed | -- | Lenders Escrow & Title | |
| Warranty Deed | -- | Security Title | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $175,000 | New Conventional | |
| Closed | $175,000 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22065600
APN: 49-11-13-162-065.000-101
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.
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