$450,000
$25K PRICE DROP

Estimated payment $2,565/month

Total Views 5,134
4 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Rare opportunity to own a fully renovated, income-generating duplex in the heart of downtown Indianapolis-with dependable tenants already in place. This low-maintenance property delivers immediate cash flow and is a smart fit for both first-time buyers and seasoned investors alike. Each unit comes fully furnished and features modern kitchens with updated appliances, stylish finishes, and thoughtfully designed interiors that combine comfort and functionality. Added perks include in-unit laundry and off-street parking-essentials for tenant convenience and owner value. Positioned in a high-demand rental area, the property is just minutes from major employers, public transit, top restaurants, entertainment, and Indy's best attractions. Tenants enjoy the perks of city living in a clean, comfortable, and well-maintained home. Whether you're building your portfolio or seeking a hassle-free investment with strong returns, this turnkey duplex checks all the boxes. Schedule your private showing today-start earning on day one!

Listing Agent

Denis O'Brien

Keller Williams Indy Metro S License #RB14047311 Listed on: 06/05/2025

Keller Williams Indy Metro S

Co-Listing Agent

Teddy Conn

Keller Williams Indy Metro S License #RB22002009

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,586

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 5,881 Sq Ft Lot
  • Mature Trees

Home Design

  • Duplex
  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Basement
  • Basement Cellar
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Location

  • City Lot

Schools

  • Shortridge High School

Utilities

  • Central Air
  • Separate Meters

Community Details

  • Nordyke & Hollowells Subdivision

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 490625173104000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,586

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1900
  • Co List Office Phone: 317-882-5900
  • Lot Size Acres: 0.14
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Duplex
  • Subdivision Name: Nordyke & Hollowells
  • Transaction Type: Sale
  • Website: www.isgpropertycollection.com
  • Conversion: No
  • Price Unit: 225000
  • Multi Rooms: 12
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Cellar
  • Levels: Two
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Possible Use: Residential

Exterior Features

  • Roof: Shingle
  • Direction Faces: West
  • Foundation Details: Block, Cellar
  • List Price: 450000
  • Property Condition: Updated/Remodeled
  • View Y N: No
  • Waterfront: No
  • Road Access: Frontage Road

Garage/Parking

  • Unit Parking: 2 Car Space,On Street,Paved Area

Utilities

  • Cooling: Central Air, Separate Meters
  • Heating: Natural Gas
  • Laundry Features: Connections All
  • Security Features: Smoke Detector(s)
  • Solid Waste: No

Fee Information

  • Expenses: 250

Lot Info

  • Lot Features: City Lot, Sidewalks, Mature Trees
  • Additional Parcels: No
  • Current Use: Residential, Vacant, See Remarks
  • Lot Size Sq Ft: 5881
  • Parcel Number: 490625173104000101
  • Acres: <1/4 Acre
  • Price Acre: 3214286

Multi Family

  • Gross Income: 168000
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1586
  • Tax Lot: 13
  • Semi Annual Property Tax Amt: 793
  • Tax Exemption: None

MLS Schools

  • High School: Shortridge High School

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $2,230 $90,300 $28,100 $62,200
2023 $2,230 $90,300 $28,100 $62,200
2022 $1,673 $86,100 $28,100 $58,000
2021 $1,284 $52,000 $5,000 $47,000
2020 $1,259 $50,800 $5,000 $45,800
2019 $1,105 $43,400 $5,000 $38,400
2018 $846 $32,200 $5,000 $27,200
2017 $565 $23,000 $5,000 $18,000
2016 $516 $21,200 $5,000 $16,200
2014 $445 $20,600 $5,000 $15,600
2013 $472 $20,600 $5,000 $15,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 Price Changed $450,000 -3.2% --
07/18/2025 07/18/25 Price Changed $465,000 -2.1% --
06/05/2025 06/05/25 For Sale $475,000 -- --
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $155,000 Investors Title
Warranty Deed $155,000 Investors Title
Deed $3,900 Mct
Quit Claim Deed $3,900 None Available
Deed $2,952 Mct
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $2,951 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $290,500 New Conventional
Closed $215,025 Construction
Previous Owner $270,500 New Conventional
Previous Owner $401,200 New Conventional
Previous Owner $5,000,000 New Conventional
Previous Owner $208,000 Construction
Source: Public Records

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 22040297

MIBOR Broker Listing Cooperative®

APN: 49-06-25-173-104.000-101