241 Eastern Ave Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated payment $1,309/month
About This Home
Attention investors and savvy house-hackers! This updated 2-bedroom, 1-bathroom duplex is turnkey and ready to start producing income from day one. One unit is already rented at $885/month, providing immediate cash flow, while the vacant side is prepped and ready for a new tenant, or for you to move in and significantly offset your housing costs. The property has been thoughtfully renovated, including new HVAC and central AC in 2023 and more, to attract quality renters and minimize maintenance calls. Out back, you'll find a rare two-car garage, perfect for additional storage or future income potential. Located in one of Indy's rapidly growing neighborhoods, this is an ideal opportunity to secure a low-maintenance rental, expand your portfolio, or begin your investment journey with a smart, income-producing asset. Schedule your showing today, opportunities like this don't last long!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,562
Year Built
- Built in 1900
Parking
- 2 Car Garage
Home Design
- Duplex
- Vinyl Construction Material
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Additional Features
- 2-Story Property
- 4,356 Sq Ft Lot
Community Details
- Vondersaars Sub Fletcher Subdivision
Listing and Financial Details
- Tax Lot 101
- Assessor Parcel Number 491005118007000101
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 | $3,329 | $150,100 | $2,300 | $147,800 |
| 2023 | $3,329 | $135,300 | $2,300 | $133,000 |
| 2022 | $3,107 | $126,600 | $2,300 | $124,300 |
| 2021 | $2,264 | $93,100 | $2,300 | $90,800 |
| 2020 | $2,252 | $92,300 | $2,300 | $90,000 |
| 2019 | $1,841 | $73,200 | $2,300 | $70,900 |
| 2018 | $1,817 | $71,600 | $2,300 | $69,300 |
| 2017 | $1,572 | $68,900 | $2,300 | $66,600 |
| 2016 | $334 | $10,900 | $2,300 | $8,600 |
| 2014 | $223 | $10,300 | $2,300 | $8,000 |
| 2013 | $211 | $10,300 | $2,300 | $8,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/06/2026 01/06/26 | Price Changed | $195,000 | -2.0% | -- | |
| 12/05/2025 12/05/25 | Price Changed | $199,000 | -2.9% | -- | |
| 11/19/2025 11/19/25 | For Sale | $205,000 | +53.6% | -- | |
| 01/18/2022 01/18/22 | Sold | $133,500 | -5.9% | $150 / Sq Ft | View Prior Sale |
| 12/12/2021 12/12/21 | Pending | -- | -- | -- | |
| 10/01/2021 10/01/21 | For Sale | $141,900 | -- | $160 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Hocker Janet Davis | |
| Warranty Deed | $133,500 | Hocker Janet Davis | |
| Deed | $62,000 | -- | |
| Deed | $62,000 | Paramount Title Agency | |
| Warranty Deed | -- | Attorney | |
| Warranty Deed | -- | Attorney | |
| Corporate Deed | $13,125 | Rels Title | |
| Sheriffs Deed | $32,400 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Limited Warranty Deed | -- | Progressive Land Title Of In | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $153,750 | Construction | |
| Closed | $153,750 | Construction | |
| Previous Owner | $41,250 | New Conventional | |
| Previous Owner | $76,500 | New Conventional | |
| Previous Owner | $18,700 | Purchase Money Mortgage |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22074017
APN: 49-10-05-118-007.000-101
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.
- 230 N Rural St
- 220 Eastern Ave
- 252 Eastern Ave
- 2609 E New York St
- 2607 E New York St
- 2611 E New York St
- 311 Eastern Ave
- 20 Eastern Ave
- 233 N Oxford St
- 330 Eastern Ave
- 2919 E New York St
- 224 N Tacoma Ave
- 228 N Tacoma Ave
- 238 N Tacoma Ave
- 208 N Tacoma Ave
- 406 N Temple Ave
- 318 N Tacoma Ave
- 435 N Rural St
- 423 N Oxford St
- 214 N Forest Ave
- 323 N Rural St
- 318 N Tacoma Ave
- 405 N Keystone Ave
- 515 N Oxford St Unit A
- 515 N Oxford St Unit B
- 603 N Rural St
- 607 N Oxford St Unit 607 N Oxford St
- 422-424 Jefferson Ave Unit 422
- 36 S Dearborn St
- 838 N Temple Ave
- 852 N Rural St
- 43 N Randolph St Unit B
- 43 N Randolph St Unit A
- 622 N Hamilton Ave
- 37 N Randolph St
- 232 N Randolph St Unit 232 N Randolph St
- 17 N Randolph St
- 3037 Meredith Ave
- 230 N Randolph St Unit 230 N Randolph St
- 590 Woodruff Place Dr E