$260,000
$15K PRICE DROP

Estimated payment $1,663/month

Total Views 9,449
1 Bed
1 Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Located just minutes from downtown Indianapolis, this multifamily property offers significant potential for redevelopment or repositioning. The building includes a surface parking lot and is situated in a highly accessible location near major employers, shopping, dining, and entertainment. This presents an excellent opportunity for an investor to add value in a growing rental market. The property is in distressed condition and will require a full renovation. Limited information is available, and buyers are encouraged to perform their own due diligence. Property is located within the Herron-Morton Place Historic District.

Listing Agent

Doug Fredbeck

Keller Williams Indpls Metro N Brokerage Email: doug.fredbeck@kw.com License #RB14042479 Listed on: 04/10/2026

Keller Williams Indpls Metro N

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1867

Home Design

  • Quadruplex

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • 3-Story Property
  • 8,190 Sq Ft Lot
  • Basement

Community Details

  • Eliz Talbotts Subdivision

Listing and Financial Details

  • Tax Lot 230
  • Assessor Parcel Number 490636176012000101

Property Details

Home Type

Multi-Family

Year Built

Built in 1867

Lot Details

8,190 Sq Ft Lot

Listing Details

  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1867
  • Lot Size Acres: 0.19
  • Subdivision Name: Eliz Talbotts
  • Transaction Type: Sale
  • Conversion: No
  • Attribution Contact: doug.fredbeck@kw.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Three Or More
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Possible Use: Residential

Exterior Features

  • Road Access: Frontage Road

Garage/Parking

  • Unit Parking: Parking Lot

Utilities

  • Solid Waste: Yes

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 8190
  • Parcel Number: 490636176012000101
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 9506
  • Tax Lot: 230
  • Semi Annual Property Tax Amt: 4753

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $9,506 $477,100 $79,600 $397,500
2024 $9,684 $400,600 $79,600 $321,000
2023 $9,684 $376,700 $39,800 $336,900
2022 $7,273 $302,900 $39,800 $263,100
2021 $6,477 $275,600 $36,200 $239,400
2020 $6,928 $282,400 $36,200 $246,200
2019 $6,525 $271,600 $36,200 $235,400
2018 $6,580 $271,600 $36,200 $235,400
2017 $5,687 $262,800 $36,200 $226,600
2016 $5,298 $250,000 $36,200 $213,800
2014 $5,407 $250,100 $36,200 $213,900
2013 $5,720 $250,100 $36,200 $213,900
Source: Public Records

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
05/05/2026 05/05/26 Price Changed $260,000 -5.5% --
04/10/2026 04/10/26 For Sale $275,000 -- --
Source: MIBOR Broker Listing Cooperative®

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22094650

MIBOR Broker Listing Cooperative®
Your Personal Tour Guide

Ask me questions while you tour the home.