2018 Prospect St Indianapolis, IN 46203
Fountain Square NeighborhoodEstimated payment $3,367/month
About This Home
Discover a fully renovated duplex offering exceptional flexibility and income potential. This property features two spacious 2 bed / 2 bath units, with one side enhanced by an additional private studio in-law suite with its own separate entrance - perfect for added income, guests, or multigenerational living. Completely updated from top to bottom, this home includes all new electrical, plumbing, and HVAC systems, delivering true turnkey ownership with minimal maintenance. Additional upgrades include a new energy-efficient whole-house instant hot water system and a whole-house water softener, adding comfort and efficiency throughout. Each living space features modern finishes, functional layouts, and in-unit laundry for everyday convenience. This setup is ideal for an owner-occupant looking to house hack - live in one unit while generating income from the rtest. The flexible layout allows you to maximize rental potential in a way that fits your lifestyle, whether that's long-term tenants, extended family, or additional private living space. With its "all new everything" renovation and versatile configuration, this property offers a rare opportunity to offset your mortgage while owning a low-maintenance, income-producing asset.
Listing Agent
Keller Williams Indy Metro S Brokerage Email: gloria@gearregroup.com License #RB16001575 Listed on: 11/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,592
Year Built
- Built in 1910
Parking
- 2 Car Detached Garage
Home Design
- Triplex
- Traditional Architecture
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Fire and Smoke Detector
- Washer and Dryer Hookup
- Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Additional Features
- 4,095 Sq Ft Lot
- Cooling System Mounted In Outer Wall Opening
Community Details
- Vandeman & Hunters Subdivision
Listing and Financial Details
- The owner pays for all utilities
- Tax Lot 2
- Assessor Parcel Number 491007168001000101
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 |
|---|---|---|---|---|
| 2025 | $8,593 | $398,800 | $15,300 | $383,500 |
| 2024 | $8,687 | $362,100 | $15,300 | $346,800 |
| 2023 | $8,687 | $361,200 | $15,300 | $345,900 |
| 2022 | $5,803 | $238,600 | $15,300 | $223,300 |
| 2021 | $2,195 | $90,100 | $15,300 | $74,800 |
| 2020 | $1,821 | $73,700 | $15,300 | $58,400 |
| 2019 | $941 | $77,500 | $2,000 | $75,500 |
| 2018 | $861 | $70,200 | $2,000 | $68,200 |
| 2017 | $740 | $65,900 | $2,000 | $63,900 |
| 2016 | $678 | $61,000 | $2,000 | $59,000 |
| 2014 | $285 | $38,300 | $2,000 | $36,300 |
| 2013 | $331 | $38,300 | $2,000 | $36,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/19/2025 11/19/25 | For Sale | $500,000 | +455.6% | -- | |
| 06/14/2019 06/14/19 | Sold | $90,000 | -10.0% | $63 / Sq Ft | View Prior Sale |
| 06/05/2019 06/05/19 | Pending | -- | -- | -- | |
| 05/30/2019 05/30/19 | For Sale | $100,000 | -- | $69 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $42,000 | First American Title Insurance |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $329,000 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22072753
APN: 49-10-07-168-001.000-101
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Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.