3201 E 38th St Indianapolis, IN 46218
Avondale Meadows NeighborhoodEstimated payment $978/month
About This Home
Cash generating property! This is a four unit building. Apt #1 pays $500 per month. Apt #2 pays $500 per month. Apt#3 pays $750 per month. Apt #4 pays $500 per month! That is $2,250 per month. These are month to month leases. Seller pays utilities (electric, gas, water, sewer..) which averages out to $350-450 per month. Add this one to your portfolio! Cash only. Showings with an accepted offer. Buyer will then have a negotiated due diligence period to view property once offer has been accepted - investors only - no regular inspections - you can bring contractors through during your due diligence period. This is a working rental. Property across the street at 3758 Lasalle also for sale for $149k.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,442
Year Built
- Built in 1925
Home Design
- Quadruplex
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Additional Features
- 2-Story Property
- 10,585 Sq Ft Lot
- Basement
Community Details
- Glencroft Subdivision
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 490720111008000101
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 | $2,549 | $102,900 | $4,900 | $98,000 |
| 2023 | $2,549 | $102,200 | $4,900 | $97,300 |
| 2022 | $2,363 | $94,900 | $4,900 | $90,000 |
| 2021 | $1,376 | $54,500 | $4,900 | $49,600 |
| 2020 | $466 | $15,100 | $2,800 | $12,300 |
| 2019 | $311 | $8,400 | $2,800 | $5,600 |
| 2018 | $377 | $11,200 | $2,800 | $8,400 |
| 2017 | $296 | $8,900 | $2,800 | $6,100 |
| 2016 | $260 | $7,500 | $2,800 | $4,700 |
| 2014 | $216 | $10,000 | $2,800 | $7,200 |
| 2013 | $667 | $72,700 | $2,800 | $69,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/02/2025 12/02/25 | For Sale | $149,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22075510
APN: 49-07-20-111-008.000-101
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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.
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