301 E Southern Ave Indianapolis, IN 46225
Garfield Park NeighborhoodEstimated payment $1,488/month
Total Views
4,959
4
Beds
2
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- 0.25 Acre Lot
- Forced Air Heating System
- Wood Siding
About This Home
Attention buyers! This property is no longer part of a portfolio and now available for individual purchase! Don't miss this exceptional duplex located in the highly desirable Garfield Park area! With significant investment and revitalization efforts underway, this is a prime opportunity to secure a property in a flourishing neighborhood. Perfect for a first-time homebuyer that wants to use a renovation loan to buy and renovate, or an newer investor that could live on one side and rent the other side out. This duplex is currently occupied by one tenant who is month-to-month, and another tenant on a one year lease, providing $1,900 total/month, with market rent potential of $2,420 total/month. Addresses are 301 and 303 E Southern Ave. Recent updates to the property include a newer roof, fresh paint, modern light fixtures, updated appliances, and renovated kitchen and bathroom, ensuring it's attractive to tenants and requires minimal upkeep. Located conveniently on the west side, this property offers easy access to a variety of amenities, including schools, parks, and shopping centers. Enjoy seamless connectivity to S Meridian St, Raymond St, Madison Ave, and highways I-70/65. Major employment hubs such as 16 Tech, IU Health Methodist Hospital, Eli Lilly, and downtown Indianapolis are just a short commute away, enhancing the property's desirability.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,472
Year Built
- Built in 1920 | Remodeled
Home Design
- Duplex
- Block Foundation
- Wood Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Additional Features
- 2-Story Property
- 0.25 Acre Lot
- Forced Air Heating System
- Unfinished Basement
Listing and Financial Details
- The owner pays for insurance, taxes
- Assessor Parcel Number 491124131028000101
Map
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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 | $4,394 | $173,800 | $13,000 | $160,800 |
| 2023 | $4,394 | $186,600 | $13,000 | $173,600 |
| 2022 | $4,590 | $189,400 | $13,000 | $176,400 |
| 2021 | $3,789 | $159,200 | $13,000 | $146,200 |
| 2020 | $3,440 | $143,600 | $13,000 | $130,600 |
| 2019 | $479 | $15,500 | $5,300 | $10,200 |
| 2018 | $480 | $15,500 | $5,300 | $10,200 |
| 2017 | $421 | $14,700 | $5,300 | $9,400 |
| 2016 | $396 | $13,900 | $5,300 | $8,600 |
| 2014 | $275 | $12,700 | $5,300 | $7,400 |
| 2013 | $299 | $12,700 | $5,300 | $7,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | For Sale | $205,000 | 0.0% | -- |
| 08/13/2025 08/13/25 | Off Market | $205,000 | -- | -- |
| 07/16/2025 07/16/25 | For Sale | $205,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Limited Warranty Deed | -- | First Title Of Indiana Inc | |
| Sheriffs Deed | $66,257 | None Available | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $93,750 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22038501
APN: 49-11-24-131-028.000-101
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