4614 E 16th St Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated payment $1,016/month
About This Home
Attention all investors, take a look at this affordable cash flow duplex! Experienced investors as well as newer ones often reference the "ONE PERCENT RULE" for analyzing investments. Those properties are true unicorns. Well, you have just found one! Pro forma gross revenue $1750, which means this property may easily be valued at $175,000. Don't pass this rare gem! You are good to go, both sides are currently rented! Great location, close to shopping, dining, transportation, interstate and all that downtown has to offer!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,670
Year Built
- Built in 1958
Lot Details
- 5,489 Sq Ft Lot
Home Design
- Duplex
- Bungalow
Interior Spaces
- 1-Story Property
- Unfinished Basement
- Laundry in Basement
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Listing and Financial Details
- Tax Lot 180
- Assessor Parcel Number 490733177152000101
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 | $1,771 | $70,400 | $9,200 | $61,200 |
| 2023 | $1,771 | $70,400 | $9,200 | $61,200 |
| 2022 | $1,658 | $66,000 | $9,200 | $56,800 |
| 2021 | $1,368 | $55,000 | $9,200 | $45,800 |
| 2020 | $1,207 | $47,900 | $3,100 | $44,800 |
| 2019 | $1,119 | $43,300 | $3,100 | $40,200 |
| 2018 | $1,503 | $59,100 | $3,100 | $56,000 |
| 2017 | $1,328 | $58,100 | $3,100 | $55,000 |
| 2016 | $1,298 | $58,000 | $3,100 | $54,900 |
| 2014 | $1,181 | $54,600 | $3,100 | $51,500 |
| 2013 | $1,135 | $54,600 | $3,100 | $51,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/17/2025 09/17/25 | For Sale | $165,995 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $4,100 | -- | |
| Special Warranty Deed | -- | Security Title Services Llc | |
| Sheriffs Deed | $49,592 | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $39,490 | New Conventional | |
| Previous Owner | $45,000 | Adjustable Rate Mortgage/ARM |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22063312
APN: 49-07-33-177-152.000-101
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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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