2968 N Arsenal Ave Indianapolis, IN 46218
Martindale-Brightwood NeighborhoodEstimated payment $1,387/month
Highlights
- On Golf Course
- Bungalow
- Family or Dining Combination
- No HOA
- Forced Air Heating and Cooling System
About This Home
Excellent Investment Opportunity - Income-Producing Duplex! This versatile property offers strong rental potential with two distinct living spaces: Main Level Residence: Spacious and well-maintained, featuring 3 bedrooms and 3 bathrooms, perfect for owner occupancy or long-term rental. Upper-Level Apartment: A charming 2-bedroom, 2-bath unit with unique character. While it doesn't have a designated living room, it includes two cozy alcoves off the kitchen. One bedroom can easily be repurposed as a living space if rented as a one-bedroom unit, offering flexible layout options for tenants. Recent updates have been made in the past few years, and the property is being sold As-Is, Where-Is. Additional features include: Fenced-in backyard - ideal for pets or privacy Gravel off-street parking in the rear Washer/dryer hookup in the upstairs apartment Dedicated laundry area for the main level in the basement Whether you're an investor or looking to live in one unit while renting the other, this property has the potential to generate immediate income!
Listing Agent
Brooks Real Estate Services License #RB14037382 Listed on: 05/18/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $736
Year Built
- Built in 1920 | Remodeled
Lot Details
- 7,275 Sq Ft Lot
- On Golf Course
Home Design
- Bungalow
- Block Foundation
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Family or Dining Combination
- Basement
- Laundry in Basement
Kitchen
- Electric Oven
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- No Home Owners Association
- J H Claypools 1St Add Subdivision
Listing and Financial Details
- Legal Lot and Block 31 / 1
- Assessor Parcel Number 490730103026000101
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 | $1,362 | $134,500 | $6,100 | $128,400 |
| 2023 | $1,362 | $126,100 | $6,100 | $120,000 |
| 2022 | $823 | $91,100 | $6,100 | $85,000 |
| 2021 | $1,814 | $75,000 | $6,100 | $68,900 |
| 2020 | $512 | $57,100 | $3,100 | $54,000 |
| 2019 | $479 | $52,100 | $3,100 | $49,000 |
| 2018 | $459 | $48,300 | $3,100 | $45,200 |
| 2017 | $373 | $42,800 | $3,100 | $39,700 |
| 2016 | $338 | $40,100 | $3,100 | $37,000 |
| 2014 | $363 | $49,700 | $3,100 | $46,600 |
| 2013 | $527 | $46,700 | $3,100 | $43,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/18/2025 05/18/25 | For Sale | $250,000 | 0.0% | $146 / Sq Ft | |
| 09/30/2023 09/30/23 | Rented | $800 | +6.7% | -- | |
| 09/22/2023 09/22/23 | Price Changed | $750 | -6.3% | $1 / Sq Ft | |
| 09/18/2023 09/18/23 | Price Changed | $800 | -11.1% | $1 / Sq Ft | |
| 08/30/2023 08/30/23 | Price Changed | $900 | 0.0% | $1 / Sq Ft | |
| 08/30/2023 08/30/23 | For Rent | $900 | +12.5% | -- | |
| 08/19/2023 08/19/23 | Rented | $800 | 0.0% | -- | |
| 08/03/2023 08/03/23 | For Rent | $800 | -33.3% | -- | |
| 05/01/2023 05/01/23 | Rented | $1,200 | 0.0% | -- | |
| 04/12/2023 04/12/23 | For Rent | $1,200 | +50.0% | -- | |
| 06/10/2022 06/10/22 | Rented | $800 | -11.1% | -- | |
| 05/26/2022 05/26/22 | Price Changed | $900 | -10.0% | $1 / Sq Ft | |
| 04/20/2022 04/20/22 | For Rent | $1,000 | 0.0% | -- | |
| 04/04/2022 04/04/22 | Sold | $205,400 | -12.6% | $92 / Sq Ft | View Prior Sale |
| 03/07/2022 03/07/22 | Pending | -- | -- | -- | |
| 02/23/2022 02/23/22 | For Sale | $234,900 | +487.3% | $105 / Sq Ft | |
| 08/14/2020 08/14/20 | Sold | $40,000 | -4.8% | $17 / Sq Ft | View Prior Sale |
| 07/23/2020 07/23/20 | Pending | -- | -- | -- | |
| 05/28/2020 05/28/20 | For Sale | $42,000 | 0.0% | $17 / Sq Ft | |
| 04/27/2020 04/27/20 | Pending | -- | -- | -- | |
| 03/18/2020 03/18/20 | For Sale | $42,000 | +5.0% | $17 / Sq Ft | |
| 03/15/2020 03/15/20 | Off Market | $40,000 | -- | -- | |
| 01/15/2020 01/15/20 | For Sale | $42,000 | +5.0% | $17 / Sq Ft | |
| 01/13/2020 01/13/20 | Off Market | $40,000 | -- | -- | |
| 09/30/2019 09/30/19 | Price Changed | $42,000 | -2.3% | $17 / Sq Ft | |
| 09/04/2019 09/04/19 | Price Changed | $43,000 | -4.4% | $18 / Sq Ft | |
| 08/22/2019 08/22/19 | For Sale | $45,000 | -- | $19 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $205,400 | Schmitz David A | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $40,000 | Meridian Title Corporation | |
| Warranty Deed | -- | None Listed On Document | |
| Special Warranty Deed | -- | Statewide Title Company Inc | |
| Sheriffs Deed | $71,217 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Special Warranty Deed | -- | Prism Title & Closing Servic | |
| Warranty Deed | -- | None Available | |
| Sheriffs Deed | $59,071 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $210,124 | VA |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22039527
APN: 49-07-30-103-026.000-101
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