43 N Randolph St Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated payment $2,661/month
Total Views
157
3
Beds
2
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
Positioned in the heart of the rapidly redeveloping Arsenal Heights neighborhood, this ready to built duplex offers a rare chance to secure a modern, turnkey asset in one of downtown Indy's highest-demand rental corridors. Arsenal Heights is benefiting from significant revitalization and spillover growth from nearby Fountain Square, Mass Ave, and downtown's core employers. This submarket attracts young professionals, healthcare workers, and students seeking proximity to IU Health, Eli Lilly, and the Bottleworks District. Property Highlights New Construction Duplex: Two mirror units, each 3 bedrooms, 2 baths. Modern Design: Open floor plans, vinyl plank flooring, stainless steel appliances, energy-efficient systems. Low Maintenance: Built to minimize capex for the next 5-10 years - no deferred maintenance or hidden surprises. Parking: 2-car rear parking slab per unit plus on-street options. Tenant Appeal: Walkable to neighborhood amenities, minutes to downtown, Monon Trail, and major transit routes. Rent-Ready: Built with rental-grade finishes to attract quality tenants and minimize turnover costs Investment Metrics Projected Rents: $1,700-$1,900 per unit, depending on lease term & tenant profile. Pro Forma Gross Income: ~$40,800-$45,600 annually. Estimated Annual Expenses: ~$7,500-$8,000 per unit including property management. Cash-on-Cash Return: Target 8-10% with professional management in place. Appreciation Upside: Arsenal Heights continues to benefit from new residential infill, commercial upgrades, and sustained demand from nearby job centers. Key Advantages 1031 Exchange-Ready: Eligible for investors seeking to reposition capital tax efficiently. Strong Demand Drivers: Walkable, urban neighborhood with rising home values and limited new rental supply. Turnkey: No upfront renovation or heavy lift - your focus stays on leasing and cash flow from day one. Reach out to Alec Neu at 3172583080 to Learn More.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $356
Year Built
- Built in 2025
Lot Details
- 4,008 Sq Ft Lot
Home Design
- Duplex
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Community Details
- State Plaza Subdivision
Listing and Financial Details
- Tax Lot 101
- Assessor Parcel Number 491006159086000101
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 | -- | $15,000 | $15,000 | -- |
| 2023 | -- | $15,000 | $15,000 | $0 |
| 2022 | $0 | $15,000 | $15,000 | $0 |
| 2021 | $0 | $15,000 | $15,000 | $0 |
| 2020 | $25 | $1,100 | $1,100 | $0 |
| 2019 | $26 | $1,100 | $1,100 | $0 |
| 2018 | $26 | $1,100 | $1,100 | $0 |
| 2017 | $23 | $1,100 | $1,100 | $0 |
| 2016 | $23 | $1,100 | $1,100 | $0 |
| 2014 | -- | $1,100 | $1,100 | $0 |
| 2013 | -- | $1,100 | $1,100 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | For Sale | $475,000 | +1183.8% | -- |
| 05/04/2023 05/04/23 | Sold | $37,000 | -17.6% | -- |
| 04/27/2023 04/27/23 | Pending | -- | -- | -- |
| 03/23/2023 03/23/23 | Price Changed | $44,900 | -10.0% | -- |
| 02/23/2023 02/23/23 | Price Changed | $49,900 | -90.0% | -- |
| 02/23/2023 02/23/23 | For Sale | $499,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Eagle Land Title | |
| Special Warranty Deed | $37,000 | First American Title | |
| Quit Claim Deed | -- | None Available | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $2,400 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $296,000 | Construction |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22051424
APN: 49-10-06-159-086.000-101
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