513 E 31st St Indianapolis, IN 46205
Mapleton-Fall Creek NeighborhoodEstimated payment $1,906/month
Highlights
- Traditional Architecture
- Property is near bus stop
- Forced Air Heating and Cooling System
About This Home
Excellent duplex investment opportunity in the rapidly revitalizing Meridian Park/Boulevard Square area, surrounded by numerous renovated homes and ongoing redevelopment. Each side features 3 spacious bedrooms, 1 full bath with a tub/shower combination, durable LVP flooring throughout, and a full basement for additional storage. Both units offer a covered front porch, generous living room, separate dining area, full kitchen with ample cabinetry and counter space, and a rear deck. The functional floor plans and strong rental demand make this an attractive addition to any investment portfolio. Conveniently located with easy access to Fall Creek Parkway, providing quick commutes to Downtown Indianapolis and the Northside. Public transportation is just steps away, including IndyGo bus service and the Red Line. Unit 515 is currently vacant and requires only minor cosmetic touches to be rent-ready, presenting an immediate value-add opportunity. Unit 513 is tenant-occupied at $1,050 per month with a lease in place through March 2027, providing stable income from day one. Major updates include a new roof (April 2022), new A/C units (April 2023), and Sewer line updated & cleanout installed in April 2026. A solid income-producing property in one of Indianapolis' fastest-growing neighborhoods.
Listing Agent
T&H Realty Services, Inc. Brokerage Email: rosie@threaltyinc.com License #RB21000043 Listed on: 06/16/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,796
Year Built
- Built in 1910
Parking
- Alley Access
Home Design
- Duplex
- Traditional Architecture
- Brick Exterior Construction
- Block Foundation
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Fire and Smoke Detector
- Washer and Dryer Hookup
- Unfinished Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Separate Meters
Additional Features
- 3,049 Sq Ft Lot
- Property is near bus stop
Community Details
- Boulevard Square Subdivision
Listing and Financial Details
- The owner pays for taxes
- Tax Lot 12
- Assessor Parcel Number 490624138196001101
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 | $3,997 | $164,800 | $22,400 | $142,400 |
| 2024 | $3,788 | $160,000 | $22,400 | $137,600 |
| 2023 | $3,788 | $156,000 | $22,400 | $133,600 |
| 2022 | $3,153 | $133,000 | $22,400 | $110,600 |
| 2021 | $2,550 | $106,900 | $5,500 | $101,400 |
| 2020 | $2,294 | $95,500 | $5,500 | $90,000 |
| 2019 | $2,288 | $93,500 | $5,500 | $88,000 |
| 2018 | $2,354 | $95,500 | $5,500 | $90,000 |
| 2017 | $1,969 | $89,100 | $5,500 | $83,600 |
| 2016 | $573 | $39,300 | $5,500 | $33,800 |
| 2014 | $510 | $158,100 | $5,500 | $152,600 |
| 2013 | $2,263 | $158,100 | $5,500 | $152,600 |
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 |
|---|---|---|---|---|---|
| 06/16/2026 06/16/26 | For Sale | $294,900 | 0.0% | -- | |
| 08/01/2023 08/01/23 | Rented | $1,150 | 0.0% | -- | |
| 07/10/2023 07/10/23 | For Rent | $1,150 | 0.0% | -- | |
| 06/30/2023 06/30/23 | Rented | $1,150 | 0.0% | -- | |
| 03/31/2023 03/31/23 | For Rent | $1,150 | 0.0% | -- | |
| 04/26/2022 04/26/22 | Sold | $295,000 | -1.3% | $212 / Sq Ft | View Prior Sale |
| 03/24/2022 03/24/22 | Pending | -- | -- | -- | |
| 03/17/2022 03/17/22 | Price Changed | $299,000 | -2.0% | $215 / Sq Ft | |
| 03/09/2022 03/09/22 | For Sale | $305,000 | +1387.8% | $220 / Sq Ft | |
| 03/14/2012 03/14/12 | Sold | $20,500 | +3316.7% | $30 / Sq Ft | View Prior Sale |
| 10/31/2011 10/31/11 | Pending | -- | -- | -- | |
| 09/14/2011 09/14/11 | For Sale | $600 | -- | $1 / 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 |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $295,000 | Green Kassandra | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | Escrow & Title Services Llc | |
| Special Warranty Deed | $20,500 | None Available | |
| Commissioners Deed | -- | None Available |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $221,250 | New Conventional | |
| Previous Owner | $66,000 | Purchase Money Mortgage | |
| Previous Owner | $121,600 | Adjustable Rate Mortgage/ARM |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22105658
APN: 49-06-24-138-196.001-101
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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
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