1538 N Grant Ave Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated payment $1,504/month
Total Views
8,095
4
Beds
4
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
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. Positioned just minutes from downtown Indianapolis, this property features: 4 units, each with 1 bedrooms and updated kitchens/baths Walking distance to public transportation, retail, and local schools The property is located in a growing neighborhood benefiting from ongoing redevelopment and city investment, making it a prime choice for both new and seasoned investors seeking consistent returns in a rising market. Don't miss out on this investment in one of Indy's emerging eastside communities!
Listing Agent
Keller Williams Indpls Metro N License #RB14049836 Listed on: 06/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,146
Year Built
- Built in 1929
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Additional Features
- 1-Story Property
- 5,401 Sq Ft Lot
- Central Air
- Basement
Community Details
- Glass Works Subdivision
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 490733178070000101
Map
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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 | $4,729 | $219,900 | $13,100 | $206,800 |
| 2023 | $4,729 | $194,300 | $13,100 | $181,200 |
| 2022 | $2,264 | $90,900 | $13,100 | $77,800 |
| 2021 | $2,190 | $89,900 | $13,100 | $76,800 |
| 2020 | $2,369 | $80,400 | $5,000 | $75,400 |
| 2019 | $1,831 | $72,800 | $5,000 | $67,800 |
| 2018 | $2,408 | $62,000 | $5,000 | $57,000 |
| 2017 | $3,714 | $54,400 | $5,000 | $49,400 |
| 2016 | $107 | $52,100 | $5,000 | $47,100 |
| 2014 | $1,146 | $53,000 | $5,000 | $48,000 |
| 2013 | $1,133 | $54,500 | $5,000 | $49,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Price Changed | $240,000 | 0.0% | -- |
| 07/21/2025 07/21/25 | For Sale | $240,000 | -4.0% | -- |
| 07/04/2025 07/04/25 | Pending | -- | -- | -- |
| 06/03/2025 06/03/25 | For Sale | $250,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Drake Andrew R | |
| Quit Claim Deed | -- | First American Title | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Available | |
| Quit Claim Deed | $9,000 | None Available | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $5,874 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $206,250 | New Conventional |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22042423
APN: 49-07-33-178-070.000-101
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