38 Hendricks Place Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated payment $1,987/month
Total Views
5,941
4
Beds
4
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Home Security System
- Smart Lights or Controls
- 2-minute walk to Willard Park
- Smart Locks
About This Home
Great Investment Opportunity Near Eastside Downtown Indianapolis! Don't miss this fantastic duplex just minutes from downtown. Each side features 2 bedrooms and 2 bathrooms making it ideal for an owner-occupant looking to live in one unit and rent the other, or for an investor seeking strong cash flow with dual rental income. One side is currently tenant-occupied, generating $1,500 per month in rent, providing immediate income potential. The property also includes smart home features, including a smart TV, smart lighting and smart door locks, and more adding modern convenience and appeal for both tenants and owners. Recent updates include a newer roof (3 years old), updated plumbing, updated electrical, updated paint, flooring, light fixtures and a covered carport with a roll-up garage door for secure off-street parking. Conveniently located near downtown Indianapolis with easy access to major interstates, this property offers a perfect blend of location, updates, and investment potential. Whether you're house hunting or expanding your rental portfolio, this is a must-see opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,446
Year Built
- Built in 1927 | Remodeled
Home Design
- Duplex
- Block Foundation
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Finished Basement
- Laundry in Basement
- Basement Window Egress
Home Security
- Home Security System
- Smart Lights or Controls
- Smart Locks
Parking
- Carport
- Alley Access
Additional Features
- 2-Story Property
- 4,008 Sq Ft Lot
Community Details
- State Plaza Subdivision
Listing and Financial Details
- The owner pays for water
- Tax Lot 491006159063000101
- Assessor Parcel Number 491006159063000101
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 | $2,349 | $102,800 | $15,000 | $87,800 |
| 2023 | $2,349 | $94,000 | $15,000 | $79,000 |
| 2022 | $1,564 | $126,400 | $15,000 | $111,400 |
| 2021 | $1,090 | $96,500 | $15,000 | $81,500 |
| 2020 | $830 | $83,000 | $2,200 | $80,800 |
| 2019 | $616 | $65,800 | $2,200 | $63,600 |
| 2018 | $638 | $64,400 | $2,200 | $62,200 |
| 2017 | $534 | $61,500 | $2,200 | $59,300 |
| 2016 | $473 | $55,900 | $2,200 | $53,700 |
| 2014 | $1,075 | $52,300 | $2,200 | $50,100 |
| 2013 | $1,075 | $52,300 | $2,200 | $50,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | For Sale | $345,000 | 0.0% | -- |
| 08/19/2025 08/19/25 | Pending | -- | -- | -- |
| 07/29/2025 07/29/25 | Price Changed | $345,000 | -1.4% | -- |
| 07/14/2025 07/14/25 | Price Changed | $350,000 | -2.8% | -- |
| 06/29/2025 06/29/25 | Price Changed | $360,000 | -2.7% | -- |
| 06/26/2025 06/26/25 | Price Changed | $370,000 | -2.6% | -- |
| 06/01/2025 06/01/25 | For Sale | $380,000 | +14.1% | -- |
| 07/31/2023 07/31/23 | Sold | $333,000 | +2.5% | $496 / Sq Ft |
| 07/10/2023 07/10/23 | Pending | -- | -- | -- |
| 07/06/2023 07/06/23 | For Sale | $325,000 | -- | $484 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Quality Title | |
| Warranty Deed | $99,000 | Eagle Land Title | |
| Warranty Deed | $99,000 | Eagle Land Title | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Available | |
| Land Contract | $20,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Sheriffs Deed | $21,000 | None Available | |
| Special Warranty Deed | -- | Investors Titlecorp |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $283,050 | New Conventional | |
| Previous Owner | $240,000 | New Conventional | |
| Previous Owner | $115,500 | Construction | |
| Closed | $0 | Seller Take Back |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22042240
APN: 49-10-06-159-063.000-101
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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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