228 N Tacoma Ave Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated payment $1,247/month
Highlights
- Very Popular Property
- 1-Story Property
- 5-minute walk to Commons Park
- Bungalow
About This Home
Turnkey Duplex - One Side Leased at $800/Month, Other Side Vacant with $1,000/Month Potential or Owner-Occupy Option! Fantastic investment opportunity in Indianapolis! This 1-bedroom, 1-bathroom per side duplex with a full basement with 2 built out rooms is half occupied and currently generating $800/month in rental income. The other side is vacant and ready - with potential to rent for around $1,000/month or for you to move in and live while building equity. Convenient Location: Close to downtown Indy, shopping, dining, and major highways. The area is surrounded by remodeled and new construction homes, giving this property excellent long-term growth potential. Investor Friendly: One tenant already in place providing stability and cash flow from day one, with immediate upside potential on the vacant unit. At a list price of $179,900, this property meets the 1% rule, making it an attractive buy-and-hold investment. Bonus: The neighboring duplex at 224 N Tacoma Ave is also available. Prefer to sell both as a package, giving you the rare chance to own two side-by-side income-producing properties.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,456
Year Built
- Built in 1945
Parking
- Alley Access
Home Design
- Duplex
- Bungalow
- Block Foundation
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Unfinished Basement
- Laundry in Basement
- Basement Storage
Additional Features
- 1-Story Property
- 5,184 Sq Ft Lot
- Window Unit Cooling System
Listing and Financial Details
- Assessor Parcel Number 491005209064000101
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 |
|---|---|---|---|---|
| 2024 | $3,262 | $145,600 | $6,300 | $139,300 |
| 2023 | $3,262 | $131,700 | $6,300 | $125,400 |
| 2022 | $3,052 | $123,500 | $6,300 | $117,200 |
| 2021 | $2,261 | $92,200 | $6,300 | $85,900 |
| 2020 | $2,285 | $93,000 | $2,400 | $90,600 |
| 2019 | $1,871 | $73,800 | $2,400 | $71,400 |
| 2018 | $1,846 | $72,200 | $2,400 | $69,800 |
| 2017 | $890 | $36,100 | $2,400 | $33,700 |
| 2016 | $805 | $32,900 | $2,400 | $30,500 |
| 2014 | $755 | $34,900 | $2,400 | $32,500 |
| 2013 | $726 | $34,900 | $2,400 | $32,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2025 09/10/25 | For Sale | $179,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $120,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | -- | -- | |
| Administrators Deed | -- | None Available |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22062223
APN: 49-10-05-209-064.000-101
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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