4710 E Michigan St Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated payment $1,203/month
About This Home
Turnkey Duplex Investment Opportunity. Ideal for investors or owner-occupants, this duplex offers immediate cash flow and long-term value. Listed at $189,000, it qualifies for the 1% rule with potential rental income of $1,900/month when both sides are leased at $950/month. The 4712 unit is currently rented at $950/month, providing stable income, while 4710 is vacant and move-in ready-perfect for attracting a new tenant or for an owner looking to live on one side and rent the other. Recent updates include: new roof (2023), new gas water heater on the 4710 side, new carpet throughout 4710 side. Each side offers 2 bedrooms, 1 bath, and comfortable living space. Located just minutes from downtown Indy, this property is positioned in a high-demand rental area with excellent upside potential. Don't miss your chance to own a solid duplex in a growing neighborhood!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,632
Year Built
- Built in 1920
Parking
- Alley Access
Home Design
- Duplex
- Block Foundation
- Vinyl Construction Material
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Additional Features
- 2-Story Property
- 3,180 Sq Ft Lot
- Central Air
- Unfinished Basement
Community Details
- Emerson Heights West Section Subdivision
Listing and Financial Details
- Tax Lot 53 & 54
- Assessor Parcel Number 491004140064000101
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 | $3,602 | $173,200 | $11,000 | $162,200 |
| 2023 | $3,602 | $146,800 | $11,000 | $135,800 |
| 2022 | $3,749 | $153,800 | $11,000 | $142,800 |
| 2021 | $3,000 | $125,000 | $11,000 | $114,000 |
| 2020 | $2,849 | $118,100 | $2,300 | $115,800 |
| 2019 | $2,561 | $103,700 | $2,300 | $101,400 |
| 2018 | $1,481 | $57,500 | $2,300 | $55,200 |
| 2017 | $1,215 | $52,100 | $2,300 | $49,800 |
| 2016 | $1,107 | $48,100 | $2,300 | $45,800 |
| 2014 | $668 | $51,500 | $2,300 | $49,200 |
| 2013 | $1,268 | $61,000 | $2,300 | $58,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | Pending | -- | -- | -- |
| 07/16/2025 07/16/25 | Price Changed | $169,000 | -10.6% | -- |
| 07/15/2025 07/15/25 | For Sale | $189,000 | 0.0% | -- |
| 06/23/2025 06/23/25 | Pending | -- | -- | -- |
| 06/09/2025 06/09/25 | For Sale | $189,000 | +33.1% | -- |
| 02/23/2024 02/23/24 | Sold | $142,000 | -5.0% | $141 / Sq Ft |
| 02/06/2024 02/06/24 | Pending | -- | -- | -- |
| 02/02/2024 02/02/24 | For Sale | $149,500 | +99.3% | $148 / Sq Ft |
| 07/18/2018 07/18/18 | Sold | $75,000 | -8.0% | $74 / Sq Ft |
| 06/12/2018 06/12/18 | Pending | -- | -- | -- |
| 06/02/2018 06/02/18 | Price Changed | $81,500 | -9.4% | $81 / Sq Ft |
| 05/21/2018 05/21/18 | For Sale | $90,000 | -- | $89 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Investors Title | |
| Warranty Deed | $150,000 | Investors Title | |
| Deed | $75,000 | -- | |
| Warranty Deed | $75,000 | Investors Title Service |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $56,250 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22044294
APN: 49-10-04-140-064.000-101
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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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