PENDING
$5K PRICE DROP
5713 Bluff Rd Indianapolis, IN 46217
Southdale NeighborhoodEstimated payment $2,206/month
Total Views
10,207
5
Beds
4
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- 1.05 Acre Lot
- 1-Story Property
- Forced Air Heating and Cooling System
- Perry Meridian Middle School Rated A-
About This Home
Prime cash-flowing quadplex located in Perry Township on Indy's quiet southside, offering two freestanding buildings-one triplex and one standalone unit. Three of the four units are currently rented, providing steady income with room to grow. Unit A is a 2-bedroom that was last rented for $1,135 and could be increased to $1,150-$1,200. Unit B is a 1-bedroom rented at $760 through 10/31/25, Unit C is a 1-bedroom rented at $640 through 9/30/25, and Unit D is a 1-bedroom rented at $900 through 4/30/26. Tenants pay their own gas and electric with separate meters, and the property runs on well and septic to reduce overhead. Located in a safe, desirable school district, this is a strong opportunity for investors looking for a high-yield, low-maintenance asset.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,260
Year Built
- Built in 1929
Home Design
- Block Foundation
Interior Spaces
- 1-Story Property
- Washer and Dryer Hookup
- Unfinished Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Additional Features
- 1.05 Acre Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tax Lot 491402122004000500
- Assessor Parcel Number 491402122004000500
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 | $6,125 | $232,300 | $25,000 | $207,300 |
| 2023 | $6,125 | $230,300 | $25,000 | $205,300 |
| 2022 | $5,523 | $205,700 | $25,000 | $180,700 |
| 2021 | $4,766 | $173,800 | $25,000 | $148,800 |
| 2020 | $4,664 | $169,100 | $25,000 | $144,100 |
| 2019 | $5,021 | $153,500 | $21,200 | $132,300 |
| 2018 | $3,917 | $141,600 | $21,200 | $120,400 |
| 2017 | $3,737 | $134,700 | $21,200 | $113,500 |
| 2016 | $3,454 | $123,900 | $21,200 | $102,700 |
| 2014 | $2,947 | $121,500 | $21,200 | $100,300 |
| 2013 | $1,331 | $121,500 | $21,200 | $100,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Pending | -- | -- | -- |
| 05/08/2025 05/08/25 | Price Changed | $325,000 | -1.5% | -- |
| 04/11/2025 04/11/25 | For Sale | $330,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $205,000 | Mccollister Adrienne | |
| Quit Claim Deed | $205,000 | Mccollister Adrienne | |
| Warranty Deed | -- | Hocker Janet Davis | |
| Warranty Deed | $210,000 | Hocker Janet Davis | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Special Warranty Deed | -- | None Available | |
| Deed | $63,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $669,200 | New Conventional | |
| Closed | $669,200 | New Conventional | |
| Previous Owner | $200,000 | Construction | |
| Previous Owner | $200,000 | Construction | |
| Previous Owner | $128,269 | New Conventional | |
| Previous Owner | $439,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $439,000 | Purchase Money Mortgage | |
| Previous Owner | $128,000 | New Conventional |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22032195
APN: 49-14-02-122-004.000-500
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