323 N Arsenal Ave Indianapolis, IN 46201
Holy Cross NeighborhoodEstimated payment $3,068/month
Highlights
- Property is near a bus stop
- Forced Air Heating System
- 4-minute walk to Highland Park Playground
About This Home
Discover this prime investment opportunity at 323 N Arsenal Ave in Arsenal Heights, a highly desirable neighborhood on Indianapolis's east side, just minutes from downtown Indy and Highland Park. This well-maintained quadplex features four spacious 1-bedroom, 1-bathroom units, with two currently occupied generating reliable income of $1,000 and $895 per month, while the other two units stand vacant and ready for immediate tenant placement to boost your cash flow even further. All utilities are conveniently billed back to tenants through the leases, minimizing owner expenses and maximizing returns. Whether you're a savvy investor eyeing robust cash flow in a thriving, up-and-coming area or a house hacker aiming to live in one unit while renting out the rest to offset your mortgage, this property delivers the perfect blend of flexibility and profitability.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,108
Year Built
- Built in 1910
Parking
- Alley Access
Home Design
- Block Foundation
- Vinyl Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Additional Features
- 2-Story Property
- 5,400 Sq Ft Lot
- Property is near a bus stop
- Forced Air Heating System
- Basement
Community Details
- L A Wrights Subdivision
Listing and Financial Details
- Tax Lot 49-10-06-137-003.000-101
- Assessor Parcel Number 491006137003000101
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 | $5,020 | $341,700 | $7,500 | $334,200 |
| 2023 | $5,020 | $205,800 | $3,700 | $202,100 |
| 2022 | $2,724 | $161,400 | $3,700 | $157,700 |
| 2021 | $2,381 | $97,400 | $3,400 | $94,000 |
| 2020 | $2,387 | $97,400 | $3,400 | $94,000 |
| 2019 | $2,331 | $93,300 | $3,400 | $89,900 |
| 2018 | $2,349 | $93,300 | $3,400 | $89,900 |
| 2017 | $2,024 | $89,500 | $3,400 | $86,100 |
| 2016 | $1,879 | $84,600 | $3,400 | $81,200 |
| 2014 | $1,881 | $87,000 | $3,400 | $83,600 |
| 2013 | $1,939 | $87,000 | $3,400 | $83,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2025 09/11/25 | For Sale | $449,000 | +49.7% | -- |
| 11/29/2022 11/29/22 | Sold | $300,000 | 0.0% | $429 / Sq Ft |
| 11/23/2022 11/23/22 | Pending | -- | -- | -- |
| 11/18/2022 11/18/22 | For Sale | $299,900 | 0.0% | $428 / Sq Ft |
| 09/27/2022 09/27/22 | Pending | -- | -- | -- |
| 09/20/2022 09/20/22 | For Sale | $299,900 | +139.9% | $428 / Sq Ft |
| 11/28/2016 11/28/16 | Sold | $125,000 | 0.0% | $179 / Sq Ft |
| 10/29/2016 10/29/16 | Off Market | $125,000 | -- | -- |
| 10/27/2016 10/27/16 | For Sale | $125,000 | 0.0% | $179 / Sq Ft |
| 07/07/2016 07/07/16 | Rented | -- | -- | -- |
| 06/21/2016 06/21/16 | For Rent | $599 | +4.2% | -- |
| 05/22/2015 05/22/15 | Rented | $575 | -4.0% | -- |
| 05/22/2015 05/22/15 | Under Contract | -- | -- | -- |
| 01/15/2015 01/15/15 | For Rent | $599 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Empora Title | |
| Warranty Deed | -- | Ata National Title Group | |
| Warranty Deed | -- | Ata National Title Group | |
| Quit Claim Deed | -- | None Listed On Document | |
| Deed | $125,000 | -- | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | First Title Of Indiana Inc | |
| Quit Claim Deed | -- | First Title Of Indiana |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $525,000 | New Conventional | |
| Previous Owner | $225,000 | New Conventional | |
| Previous Owner | $225,000 | New Conventional | |
| Previous Owner | $235,000 | Construction | |
| Previous Owner | $25,000 | Commercial |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22061999
APN: 49-10-06-137-003.000-101
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.
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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