239 E Caven St Indianapolis, IN 46225
Old Southside NeighborhoodEstimated payment $2,262/month
Highlights
- New Construction
- Traditional Architecture
- Laundry Room
About This Home
Attention investors and house hackers! Ground has just been broken on this brand-new upper/lower duplex in the highly desirable Bates-Hendricks neighborhood, just south of downtown Indianapolis. Each thoughtfully designed unit will feature an open-concept layout with a spacious living room, dining area, and kitchen, along with three bedrooms, two full baths, and a dedicated laundry room-ideal for today's renters. Located in one of Indy's fastest-growing areas, this property offers strong income potential, with projected rents ranging from $1,800 to $2,200 per month per unit. Estimated completion is set for late September, giving you the opportunity to secure a brand-new, low-maintenance asset before it hits the market. Whether you're looking to expand your investment portfolio or take advantage of a house-hacking opportunity by living in one unit and renting the other, this property checks all the boxes. Enjoy walkable access to the continued growth of Bates-Hendricks and just minutes from the dining, nightlife, and energy of nearby Fountain Square.
Listing Agent
F.C. Tucker Company Brokerage Email: rob.measel@talktotucker.com License #RB14022044 Listed on: 04/28/2026
Co-Listing Agent
F.C. Tucker Company Brokerage Email: rob.measel@talktotucker.com License #RB14047220
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $284
Year Built
- Built in 2026 | New Construction
Lot Details
- 3,528 Sq Ft Lot
Home Design
- Duplex
- Traditional Architecture
Interior Spaces
- 2-Story Property
- Laundry Room
Community Details
- Hildebrands Subdivision
Listing and Financial Details
- Tax Lot 36
- Assessor Parcel Number 491113104056005101
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/28/2026 04/28/26 | For Sale | $425,000 | +2733.3% | -- | |
| 02/23/2026 02/23/26 | Sold | $15,000 | -24.6% | -- | View Prior Sale |
| 02/06/2026 02/06/26 | Pending | -- | -- | -- | |
| 12/19/2025 12/19/25 | Price Changed | $19,900 | -20.1% | -- | |
| 11/18/2025 11/18/25 | Price Changed | $24,900 | -16.7% | -- | |
| 10/17/2025 10/17/25 | Price Changed | $29,900 | -22.3% | -- | |
| 09/16/2025 09/16/25 | Price Changed | $38,500 | -14.3% | -- | |
| 08/14/2025 08/14/25 | For Sale | $44,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $15,000 | Title Clearing & Escrow | |
| Quit Claim Deed | -- | None Listed On Document | |
| Sheriffs Deed | $556,410 | None Listed On Document | |
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $550,000 | Commercial |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22098184
APN: 49-11-13-104-056.005-101
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Ask me questions while you tour the home.