501 E Markwood Ave Indianapolis, IN 46227
North Perry NeighborhoodEstimated payment $2,934/month
Highlights
- Traditional Architecture
- Wood Flooring
- Forced Air Heating and Cooling System
- Perry Meridian Middle School Rated A-
- No HOA
- Wood Burning Fireplace
About This Home
Property Highlights: Asking Price: $449,000 Location: 501 E. Markwood Ave, Indianapolis, IN Commercial Zoning with redevelopment and mixed-use potential Income-producing apartment building 12 asphalt parking spaces providing ample on-site parking for tenants and visitors Convenient access to major highways, downtown Indianapolis, shopping, restaurants, and public transportation Strong opportunity for investors seeking stable cash flow and long-term appreciation This property is ideal for investors looking to add a versatile, income-generating asset to their portfolio while benefiting from the flexibility of commercial zoning and generous on-site parking. Don't miss this opportunity to invest in one of Indianapolis' growing neighborhoods.
Listing Agent
United Real Estate Indpls Brokerage Email: tomvicky69@gmail.com License #RB21000176 Listed on: 06/22/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,852
Year Built
- Built in 1936
Home Design
- Traditional Architecture
- Block Foundation
- Cedar
Interior Spaces
- 2-Story Property
- Wood Burning Fireplace
- Living Room with Fireplace
- Basement
- Crawl Space
- Dishwasher
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
Additional Features
- 11,100 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Homedell Subdivision
Listing and Financial Details
- Tax Lot 58 & 59
- Assessor Parcel Number 491136120003000574
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,977 | $282,800 | $48,800 | $234,000 |
| 2024 | $5,965 | $209,500 | $48,800 | $160,700 |
| 2023 | $5,965 | $209,500 | $48,800 | $160,700 |
| 2022 | $5,399 | $188,800 | $48,800 | $140,000 |
| 2021 | $5,418 | $173,100 | $44,400 | $128,700 |
| 2020 | $5,449 | $173,100 | $44,400 | $128,700 |
| 2019 | $5,277 | $167,300 | $44,400 | $122,900 |
| 2018 | $5,343 | $167,300 | $44,400 | $122,900 |
| 2017 | $5,302 | $165,700 | $44,400 | $121,300 |
| 2016 | $5,272 | $162,200 | $44,400 | $117,800 |
| 2014 | $5,030 | $171,200 | $44,400 | $126,800 |
| 2013 | $5,669 | $171,200 | $44,400 | $126,800 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/22/2026 06/22/26 | For Sale | $449,000 | +231.9% | $114 / Sq Ft | |
| 06/19/2019 06/19/19 | Sold | $135,300 | +13529900.0% | $30 / Sq Ft | View Prior Sale |
| 05/31/2019 05/31/19 | Pending | -- | -- | -- | |
| 05/10/2019 05/10/19 | For Sale | $1 | -100.0% | $0 / Sq Ft | |
| 05/09/2019 05/09/19 | Off Market | $135,300 | -- | -- | |
| 05/09/2019 05/09/19 | For Sale | $1 | -- | $0 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $135,300 | Ata National Title |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22107644
APN: 49-11-36-120-003.000-574
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 506 Lawrence Ave
- 955 E Mills Ave
- 4160 Madison Ave
- 226 Gazebo Dr
- 233 White Lick Dr
- 149 Gazebo Dr
- 236 Bixler Rd
- 3930 Brill Rd
- 20 Medina Ln
- 2325 S Meridian St
- 120 White Lick Dr
- 4722 Eva Ct
- 48 Gazebo Dr
- 206 Meridian Gardens Ln
- 735 Southfield Ct
- 4257 Weaver Ave
- 301 National Ave
- 4147 Bowman Ave
- 1218 E Edwards Ave
- 3772 Brill Rd
- 525 E Mills Ave
- 4100 Continental Ct
- 4020 Hanna Village Dr
- 4259 Burkhart Dr
- 457 Monument View Dr
- 112 Gazebo Dr
- 4929 Mount Vernon Dr
- 615 E Thompson Rd Unit 1
- 139 Thompson Village Way
- 1637 Lawrence Ave Unit 1637 Lawrence Ave
- 5301 S Turtle Creek Dr S
- 3761 S State Ave
- 1059 Marston Ln
- 360 Sandra Ln
- 3340 Teakwood Dr
- 3506 Bluff Rd
- 910 Gilbert Ave
- 4401 S Keystone Ave
- 1534 Bacon St
- 527 Hollow Pear Dr
Ask me questions while you tour the home.