438 Jefferson Ave Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated payment $3,248/month
Highlights
- Traditional Architecture
- Forced Air Heating and Cooling System
- 4-minute walk to Commons Park
- Laundry Room
- Wood Siding
About This Home
This fully leased duplex, just minutes from downtown Indianapolis, sits in a lively, up-and-coming neighborhood. Updated in 2023, it offers immediate cash flow and strong income potential, with current rents still under market rates. Each unit has 3 bedrooms, 1.5 baths, a living and dining room, plus a laundry room with included appliances. The unfinished basement adds storage or future upgrade options. Outside, there's a covered front porch and fenced backyards, each private to its unit-perfect for long-term tenants. Close to downtown, dining, and entertainment, it's a great pick for investors seeking a solid property with room to grow. Tenants pay all utilities except water, which is covered by the owner. Showings require 48 hours' notice.
Listing Agent
Shouse Realty Group LLC Brokerage Email: danielle@shouserealtygroup.com License #RB16000635 Listed on: 02/07/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,576
Year Built
- Built in 1902
Parking
- Alley Access
Home Design
- Duplex
- Traditional Architecture
- Brick Foundation
- Wood Siding
- Vinyl Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Dryer Hookup
Additional Features
- 2-Story Property
- 7,492 Sq Ft Lot
- Forced Air Heating and Cooling System
- Unfinished Basement
Community Details
- Johnson & Hogshire Subdivision
Listing and Financial Details
- The owner pays for ins hazard, insurance, taxes, water
- Tax Lot 491006100001000101
- Assessor Parcel Number 181110454009000003
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 |
|---|---|---|---|---|
| 2025 | $7,577 | $285,900 | $11,300 | $274,600 |
| 2024 | $7,139 | $319,300 | $11,300 | $308,000 |
| 2023 | $7,139 | $295,900 | $11,300 | $284,600 |
| 2022 | $3,091 | $277,300 | $11,300 | $266,000 |
| 2021 | $2,305 | $94,900 | $11,300 | $83,600 |
| 2020 | $1,156 | $45,000 | $3,400 | $41,600 |
| 2019 | $967 | $36,200 | $3,400 | $32,800 |
| 2018 | $954 | $35,400 | $3,400 | $32,000 |
| 2017 | $831 | $34,000 | $3,400 | $30,600 |
| 2016 | $755 | $31,200 | $3,400 | $27,800 |
| 2014 | $636 | $29,400 | $3,400 | $26,000 |
| 2013 | $611 | $29,400 | $3,400 | $26,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/07/2026 02/07/26 | For Sale | $489,900 | +145.0% | -- | |
| 05/14/2022 05/14/22 | Sold | $200,000 | -9.1% | $146 / Sq Ft | View Prior Sale |
| 03/31/2022 03/31/22 | Pending | -- | -- | -- | |
| 03/29/2022 03/29/22 | For Sale | $220,000 | +10.0% | $161 / Sq Ft | |
| 03/14/2022 03/14/22 | Off Market | $200,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Ata National Title Group | |
| Warranty Deed | $200,000 | Ata National Title Group | |
| Special Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $150,000 | FHA | |
| Closed | $150,000 | FHA | |
| Previous Owner | $85,650 | Purchase Money Mortgage |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22082984
APN: 49-10-06-100-001.000-101
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