3102 Central Ave Indianapolis, IN 46205
Mapleton-Fall Creek NeighborhoodEstimated payment $1,616/month
Highlights
- Traditional Architecture
- Laundry Room
- Forced Air Heating System
- 1 Car Attached Garage
About This Home
Exceptional investor opportunity with immediate income and significant upside in the heart of Mapleton-Fall Creek! This 1910 side-by-side duplex offers a turnkey, cash-flowing asset priced more than $100K below its recent purchase price for an expedited sale. Each mirrored 3BR/1.5BA unit offers approximately 1,700 sq ft across multiple levels, featuring spacious open-concept main floors with high ceilings, decorative fireplaces, upper-level laundry, full unfinished basements, third-floor bonus/flex rooms, and a rare attached garage. Cosmetically updated in 2022, including kitchens, baths, flooring, and more, the property is fully occupied with tenant-paid utilities and leases running into mid-to-late 2027. Currently professionally managed by Polaris for a seamless transition, both units rent for $1,095/month-well below market, with Rentometer showing 3BR rents in this pocket can exceed $1,900/month. Additional value-add potential exists by adding central AC to the existing ductwork, which could further boost rent, tenant appeal, and property value. While the roof, furnaces, and water heaters are older, all are functioning properly with no known issues; the 3104 water heater is approximately 5 years old. Positioned in a high-demand D-8 zone between Downtown and Broad Ripple, tenants enjoy convenient access to IU Health, 16 Tech, the Monon Trail, State Fairgrounds, Newfields, Butler & Marian College, the Children's Museum, and more. This is a compelling multifamily asset with strong tenant appeal, immediate cash flow, below-market rents, and long-term upside, making it the perfect portfolio builder. Property is being sold as-is.
Listing Agent
Keller Williams Indpls Metro N Brokerage Email: peter@peterstewartrealty.com License #RB15000083 Listed on: 07/09/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1910 | Remodeled
Lot Details
- 3,615 Sq Ft Lot
Parking
- 1 Car Attached Garage
Home Design
- Duplex
- Traditional Architecture
- Vinyl Construction Material
Interior Spaces
- 8 Bedrooms
- 3-Story Property
- Unfinished Basement
Laundry
- Laundry Room
- Laundry on upper level
- Washer and Dryer Hookup
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Community Details
- Osgoods 1St Central Ave Add Subdivision
Listing and Financial Details
- The owner pays for lawncare
- Tax Lot 16
- Assessor Parcel Number 490624116041000101
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $7,768 | $325,200 | $25,200 | $300,000 |
| 2024 | $6,757 | $276,600 | $25,200 | $251,400 |
| 2023 | $6,757 | $279,800 | $25,200 | $254,600 |
| 2022 | $1,641 | $75,800 | $25,200 | $50,600 |
| 2021 | $1,480 | $59,100 | $9,900 | $49,200 |
| 2020 | $1,224 | $46,200 | $2,800 | $43,400 |
| 2019 | $1,114 | $42,400 | $2,800 | $39,600 |
| 2018 | $1,121 | $42,400 | $2,800 | $39,600 |
| 2017 | $954 | $39,800 | $2,800 | $37,000 |
| 2016 | $905 | $38,400 | $2,800 | $35,600 |
| 2014 | $783 | $36,200 | $2,800 | $33,400 |
| 2013 | $703 | $31,200 | $2,800 | $28,400 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/15/2026 07/15/26 | Pending | -- | -- | -- | |
| 07/09/2026 07/09/26 | For Sale | $249,000 | -31.3% | -- | |
| 06/24/2022 06/24/22 | Sold | $362,500 | -2.0% | $246 / Sq Ft | View Prior Sale |
| 04/14/2022 04/14/22 | Pending | -- | -- | -- | |
| 04/08/2022 04/08/22 | For Sale | $370,000 | +151.7% | $251 / Sq Ft | |
| 05/28/2021 05/28/21 | Sold | $147,000 | -8.1% | $100 / Sq Ft | View Prior Sale |
| 05/17/2021 05/17/21 | Pending | -- | -- | -- | |
| 05/06/2021 05/06/21 | For Sale | -- | -- | -- | |
| 04/01/2021 04/01/21 | Pending | -- | -- | -- | |
| 03/30/2021 03/30/21 | For Sale | $159,900 | 0.0% | $109 / Sq Ft | |
| 02/19/2021 02/19/21 | Pending | -- | -- | -- | |
| 02/17/2021 02/17/21 | For Sale | $159,900 | -- | $109 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $362,500 | Hall Render Killian Heath & Ly | |
| Warranty Deed | -- | None Listed On Document | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $41,000 | None Available | |
| Warranty Deed | -- | Mtc | |
| Warranty Deed | -- | None Available | |
| Special Warranty Deed | -- | None Available | |
| Sheriffs Deed | $52,500 | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $221,000 | New Conventional | |
| Previous Owner | $212,000 | New Conventional | |
| Previous Owner | $209,980 | Construction | |
| Previous Owner | $88,607 | Purchase Money Mortgage | |
| Previous Owner | $81,250 | New Conventional | |
| Previous Owner | $39,312 | Unknown |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22112664
APN: 49-06-24-116-041.000-101
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.
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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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