S
Seller's Agent in 2025
Steve Flanagan
R. P. Lux Company
(317) 236-9172
3 in this area
38 Total Sales
38 N Elder Ave Indianapolis, IN 46222
Stringtown Neighborhood
2
Beds
2
Baths
630
Sq Ft
6,970
Sq Ft Lot
Highlights
- Traditional Architecture
- Heating System Uses Natural Gas
- 2-minute walk to Indianola Park
- 1-Story Property
About This Home
As of May 2025Charming Duplex with Airbnb Income Near Downtown Indy Located just minutes from downtown Indianapolis and Indianola Park, this well-maintained duplex on North Elder Avenue is a standout investment opportunity. Both 2-bedroom, 1-bathroom units are currently rented as successful Airbnb listings, providing steady short-term rental income. Each 810 sq. ft. unit features an inviting front porch, classic vinyl siding, and a landscaped yard. Inside, enjoy an open-concept layout with abundant natural light, laminate flooring, a functional kitchen, dedicated dining area, and spacious bedrooms with ample closet space. Unit 1 includes access to a partial basement, while Unit 2 is equipped with its own washer and dryer. Efficient heating and cooling systems ensure year-round comfort. An excellent opportunity in a convenient location-schedule your showing today!
Last Agent to Sell the Property
R. P. Lux Company Brokerage Email: sflanagan@rplux.com License #RB16001253 Listed on: 04/10/2025
Last Buyer's Agent
Stephen Ferguson
Highgarden Real Estate
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,598
Year Built
- Built in 1890
Parking
- Alley Access
Home Design
- Duplex
- Traditional Architecture
- Vinyl Siding
Interior Spaces
- 1-Story Property
- Partial Basement
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Additional Features
- 6,970 Sq Ft Lot
- Heating System Uses Natural Gas
Community Details
- Mileys Subdivision
Listing and Financial Details
- Tax Lot 43
- Assessor Parcel Number 491103142009000101
- Seller Concessions Not Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2025
Closed on
May 20, 2025
Sold by
Ck Rents Llc
Bought by
Achufusi Ann and Owolabi Michael
Seller's Agent
Steve Flanagan
R. P. Lux Company
Buyer's Agent
Stephen Ferguson
Highgarden Real Estate
List Price
$260,000
Sold Price
$260,000
Views
25
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,000
Avg. Annual Appreciation
-8.33%
Original Mortgage
$189,000
Outstanding Balance
$186,387
Interest Rate
6.03%
Mortgage Type
New Conventional
Estimated Equity
$60,613
Purchase Details
Closed on
Jul 19, 2022
Sold by
Urquhart Group Llc
Bought by
Ck Rents Llc
Purchase Details
Closed on
Jun 9, 2020
Sold by
Urquhart Kenne and Urquhart Latrice C
Bought by
Urquhart Group Llc
Purchase Details
Listed on
May 11, 2018
Closed on
Jun 19, 2018
Sold by
38Nelder Llc
Bought by
Keene Urquhart
Seller's Agent
Chastity Nolan
Dropped Members
Buyer's Agent
Chastity Nolan
RE/MAX At The Crossing
List Price
$69,900
Sold Price
$65,000
Premium/Discount to List
-$4,900
-7.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.45%
Original Mortgage
$48,750
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 11, 2017
Closed on
Nov 27, 2017
Sold by
Brian J
Bought by
Said Aliyev Member
Seller's Agent
Brenda Outcalt
Carpenter, REALTORS®
Buyer's Agent
Chastity Nolan
RE/MAX At The Crossing
List Price
$29,900
Sold Price
$20,000
Premium/Discount to List
-$9,900
-33.11%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
690.75%
Purchase Details
Closed on
Apr 9, 2015
Sold by
Price James E and Price Patricia Ann
Bought by
Price Brian J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Mccollister Adrienne | |
| Quit Claim Deed | -- | None Available | |
| Deed | $54,000 | -- | |
| Warranty Deed | $54,000 | Stewart Title | |
| Deed | $20,000 | -- | |
| Warranty Deed | $20,000 | -- | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $189,000 | New Conventional | |
| Previous Owner | $48,750 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/23/2025 05/23/25 | Sold | $260,000 | 0.0% | $413 / Sq Ft | |
| 04/17/2025 04/17/25 | Pending | -- | -- | -- | |
| 04/10/2025 04/10/25 | For Sale | $260,000 | +300.0% | $413 / Sq Ft | |
| 06/25/2018 06/25/18 | Sold | $65,000 | -7.0% | $103 / Sq Ft | View Prior Sale |
| 05/23/2018 05/23/18 | Pending | -- | -- | -- | |
| 05/11/2018 05/11/18 | For Sale | $69,900 | +249.5% | $111 / Sq Ft | |
| 11/28/2017 11/28/17 | Sold | $20,000 | -33.1% | $32 / Sq Ft | View Prior Sale |
| 11/09/2017 11/09/17 | For Sale | $29,900 | 0.0% | $47 / Sq Ft | |
| 11/06/2017 11/06/17 | Pending | -- | -- | -- | |
| 10/11/2017 10/11/17 | For Sale | $29,900 | -- | $47 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $1,396 | $62,200 | $2,800 | $59,400 |
| 2023 | $1,396 | $53,800 | $2,800 | $51,000 |
| 2022 | $1,388 | $53,800 | $2,800 | $51,000 |
| 2021 | $993 | $38,000 | $2,800 | $35,200 |
| 2020 | $939 | $35,600 | $2,800 | $32,800 |
| 2019 | $722 | $25,800 | $2,800 | $23,000 |
| 2018 | $960 | $24,200 | $2,800 | $21,400 |
| 2017 | $385 | $22,100 | $2,800 | $19,300 |
| 2016 | $374 | $22,100 | $2,800 | $19,300 |
| 2014 | $437 | $20,200 | $2,800 | $17,400 |
| 2013 | $292 | $20,200 | $2,800 | $17,400 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Flanagan
-
S
Buyer's Agent in 2025
Stephen Ferguson
Highgarden Real Estate
-
B
Buyer Co-Listing Agent in 2025
Brian Wignall
F.C. Tucker Company
-
C
Seller's Agent in 2018
Chastity Nolan
Dropped Members
-
Brenda Outcalt
B
Seller's Agent in 2017
Brenda Outcalt
Carpenter, REALTORS®
(317) 362-9594
16 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22027751
APN: 49-11-03-142-009.000-101
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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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