4652 N Kenwood Ave Indianapolis, IN 46208
Butler-Tarkington/Rocky Ripple NeighborhoodEstimated payment $3,742/month
Total Views
4,850
5
Beds
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Craftsman Architecture
- Corner Lot
- Forced Air Heating and Cooling System
- Mature Trees
- 2 Car Detached Garage
About This Home
This 3,100+ SF Butler-Tarkington duplex has been beautifully renovated and updated with all the modern conveniences while maintaining its historic charm. Both sides are currently rented to great tenants with timely payment histories with an annual gross rental income of $45,600. There are separate HVAC, electric, and water meters for each unit, plus each unit has its own dedicated, enclosed garage bay with overhead garage door openers and extra off-street parking in the long driveway. The location is incredible; this duplex is nestled on a quiet street surrounded by established homes in Washinton Township- about a block away from the Indiana Governor's Mansion and within easy walking distance to both Butler University and Meridian-Kessler amenities & just 10 minutes from downtown. The hardwoods, original woodwork, built-ins and vintage glass doorknobs create a warmth and character hard to match. On both sides, the kitchens have updated appliances that convey, and there are laundry hook-ups in the large basement that offers dedicated storage areas for each unit. Another huge convenience is that each side has a half bathroom on the main level in addition to the (fully renovated) full bathrooms upstairs. In unit 1 (4652 N Kenwood Avenue), the elegant double doors in the family room lead out to a covered porch perfect for enjoying the spacious yard and mature trees. In unit 2 (137 W 47th Street), there is a spacious screened-in porch with access to a private backyard. Both units have stately living rooms with fireplaces, plus another large room that serves as extra living space for use as a second living room, a study or dining room! Don't miss out on this updated, cash-flowing investment located in an established area with strong appreciation potential, NOI of over $29,000 annually (after accounting for professional property management, insurance & property taxes) with a strong GRM of 12, right in line with comps. Appraised at $550K.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,246
Year Built
- Built in 1940
Lot Details
- 8,407 Sq Ft Lot
- Corner Lot
- Mature Trees
Parking
- 2 Car Detached Garage
Home Design
- Duplex
- Craftsman Architecture
- Brick Exterior Construction
- Vinyl Siding
Interior Spaces
- 5 Bedrooms
- 2-Story Property
- Washer and Dryer Hookup
- Basement
Schools
- Center For Inquiry School 84 Elementary School
Utilities
- Forced Air Heating and Cooling System
Community Details
- Arthur V Brown S East Meridian H Subdivision
Listing and Financial Details
- The owner pays for insurance, taxes
- Tax Lot 49-06-11-105-052.000-801
- Assessor Parcel Number 490611105052000801
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 | $9,894 | $425,000 | $59,100 | $365,900 |
| 2023 | $9,894 | $410,500 | $59,100 | $351,400 |
| 2022 | $10,068 | $468,400 | $59,100 | $409,300 |
| 2021 | $9,672 | $413,100 | $41,100 | $372,000 |
| 2020 | $8,327 | $353,600 | $41,100 | $312,500 |
| 2019 | $6,423 | $266,400 | $41,100 | $225,300 |
| 2018 | $4,462 | $262,300 | $41,100 | $221,200 |
| 2017 | $4,284 | $319,600 | $41,100 | $278,500 |
| 2016 | $4,710 | $312,700 | $41,100 | $271,600 |
| 2014 | $4,592 | $302,700 | $41,100 | $261,600 |
| 2013 | $4,796 | $190,100 | $41,100 | $149,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | Price Changed | $530,000 | -3.6% | -- |
| 06/30/2025 06/30/25 | For Sale | $550,000 | +18.3% | -- |
| 07/03/2024 07/03/24 | Sold | $465,000 | -4.9% | $298 / Sq Ft |
| 06/05/2024 06/05/24 | Pending | -- | -- | -- |
| 05/31/2024 05/31/24 | For Sale | $489,000 | +19.3% | $313 / Sq Ft |
| 08/05/2021 08/05/21 | Sold | $410,000 | +2.8% | $263 / Sq Ft |
| 07/23/2021 07/23/21 | Pending | -- | -- | -- |
| 07/20/2021 07/20/21 | For Sale | $399,000 | -- | $256 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Deed | $465,000 | Centurion Land Title | |
| Warranty Deed | $410,000 | Centurion Land Title | |
| Warranty Deed | $335,000 | First American Title Insurance | |
| Warranty Deed | $335,000 | First American Title Insurance |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $279,000 | New Conventional | |
| Previous Owner | $252,500 | New Conventional | |
| Previous Owner | $245,000 | New Conventional | |
| Previous Owner | $167,400 | New Conventional |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22048154
APN: 49-06-11-105-052.000-801
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