$330,000
$20K PRICE DROP

Estimated payment $2,091/month

Total Views 2,314
4 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Neighborhood Views
  • Forced Air Heating and Cooling System
  • Dehumidifier
  • Shed

About This Home

Welcome to 1805 Southeastern Ave, An income-producing duplex offering a prime opportunity for turn key cash flow in the downtown Indy area! Tenant is month-to-month, giving a buyer immediate flexibility whether to continue cash-flowing or reposition rents for even greater returns. Each unit is separately metered, and tenants pay their own utilities, keeping operating expenses low. Both unit already features an in-unit washer/dryer. Perfect for new or seasoned investors alike a rare opportunity to own a stabilized, cash-flowing asset with built-in upside in Indianapolis.

Listing Agent

Justin Wade

BLK Key Realty Brokerage Email: Jwade@blkkeyrealty.com License #RB18001552 Listed on: 03/17/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,088

Year Built

  • Built in 1910

Lot Details

  • 4,617 Sq Ft Lot

Parking

  • Alley Access

Home Design

  • Duplex
  • Split Level Home
  • Brick Exterior Construction

Interior Spaces

  • Multi-Level Property
  • Neighborhood Views
  • Unfinished Basement
  • Laundry in Basement
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Shed
  • Storage Shed

Utilities

  • Forced Air Heating and Cooling System
  • Dehumidifier

Community Details

  • State Square Subdivision

Listing and Financial Details

  • Tax Lot 52
  • Assessor Parcel Number 491007205100000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,088

Year Built

Built in 1910

Lot Details

4,617 Sq Ft Lot

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: Split Level
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2025
  • Year Built: 1910
  • Lot Size Acres: 0.11
  • Structure Type: Duplex
  • Subdivision Name: State Square
  • Transaction Type: Sale
  • Website: www.blkkeyrealty.com
  • Conversion: No
  • Attribution Contact: Jwade@blkkeyrealty.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Levels: Multi/Split
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Other Equipment: Dehumidifier, Smoke Alarm

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Storage Shed
  • View: Neighborhood
  • View Y N: Yes
  • Road Access: Access Rd

Garage/Parking

  • Parking Features: Alley Access, Concrete
  • Unit Parking: On Street,Parking Lot

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: Connections All, In Basement
  • Security Features: Smoke Detector(s)
  • Solid Waste: No

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 4617
  • Parcel Number: 491007205100000101
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 4088
  • Tax Lot: 52
  • Semi Annual Property Tax Amt: 2044
  • Tax Exemption: Homestead Tax Exemption

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2025 $4,088 $233,600 $6,200 $227,400
2024 $4,012 $241,400 $6,200 $235,200
2023 $4,012 $233,800 $6,200 $227,600
2022 $2,140 $133,800 $6,200 $127,600
2021 $2,653 $109,200 $6,200 $103,000
2020 $2,456 $100,400 $6,200 $94,200
2019 $1,592 $62,000 $2,200 $59,800
2018 $1,499 $57,600 $2,200 $55,400
2017 $1,309 $55,800 $2,200 $53,600
2016 $1,269 $55,200 $2,200 $53,000
2014 $1,168 $54,000 $2,200 $51,800
2013 -- $54,000 $2,200 $51,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/08/2026 04/08/26 Price Changed $330,000 -5.7% --
03/17/2026 03/17/26 For Sale $350,000 0.0% --
11/30/2024 11/30/24 Off Market $1,400 -- --
11/06/2024 11/06/24 For Rent $1,400 0.0% --
12/17/2021 12/17/21 Sold $185,000 +12.2% $181 / Sq Ft View Prior Sale
11/11/2021 11/11/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $164,900 -- $162 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- Schmitz David A
Quit Claim Deed -- Schmitz David A
Quit Claim Deed -- Schmitz David A
Warranty Deed $184,537 Schmitz David A
Warranty Deed $185,000 Schmitz David A
Deed $6,900 --
Corporate Deed -- None Available
Sheriffs Deed $15,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $225,834 FHA
Previous Owner $138,750 New Conventional
Previous Owner $138,750 New Conventional
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22089555

MIBOR Broker Listing Cooperative®

APN: 49-10-07-205-100.000-101

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