213 N Gray St Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated payment $1,175/month
Highlights
- Living Room with Fireplace
- Wood Flooring
- Formal Dining Room
- Traditional Architecture
- No HOA
- Central Air
About This Home
Investor opportunity with immediate income and strong value-add potential! This side-by-side duplex features two spacious units, each with a private basement. Unit 213 offers 3 bedrooms and 1.5 bathrooms, while Unit 215 includes 3 bedrooms and 1 bathroom. The property also features a covered front porch and a spacious backyard. Conveniently located less than 3 miles from Downtown Indianapolis, the property provides easy access to employment centers, dining, entertainment, and major highways. Both units are tenant-occupied, with one tenant in place since 2022 and the other since 2023, generating a combined monthly rental income of $1,625. Current rents are below market rates, presenting an excellent opportunity for future rental increases and enhanced cash flow. Whether you're looking to expand your portfolio or add a value-add asset, this duplex offers outstanding investment potential.
Listing Agent
Rize Commercial Realty LLC Brokerage Email: karancheemaindy@gmail.com License #RB16001799 Listed on: 07/13/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 1915
Lot Details
- 5,184 Sq Ft Lot
Home Design
- Traditional Architecture
- Concrete Perimeter Foundation
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Living Room with Fireplace
- 2 Fireplaces
- Formal Dining Room
- Basement
Flooring
- Wood
- Carpet
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 6 Bedrooms
Utilities
- Central Air
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 49-10-05-165-007.000-101
- Assessor Parcel Number 491005165007000101
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,927 | $180,500 | $11,900 | $168,600 |
| 2024 | $3,675 | $165,500 | $11,900 | $153,600 |
| 2023 | $3,675 | $149,100 | $11,900 | $137,200 |
| 2022 | $3,793 | $154,900 | $11,900 | $143,000 |
| 2021 | $2,761 | $113,900 | $11,900 | $102,000 |
| 2020 | $1,497 | $59,000 | $2,200 | $56,800 |
| 2019 | $1,418 | $54,600 | $2,200 | $52,400 |
| 2018 | $1,365 | $52,000 | $2,200 | $49,800 |
| 2017 | $1,207 | $51,000 | $2,200 | $48,800 |
| 2016 | $1,090 | $46,600 | $2,200 | $44,400 |
| 2014 | $865 | $40,000 | $2,200 | $37,800 |
| 2013 | $896 | $43,100 | $2,200 | $40,900 |
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 |
|---|---|---|---|---|
| 07/13/2026 07/13/26 | For Sale | $157,000 | -- | $55 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | Statewide Title Company Inc | |
| Sheriffs Deed | $27,000 | None Available |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $40,000 | Unknown | |
| Previous Owner | $67,500 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22114218
APN: 49-10-05-165-007.000-101
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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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