$125,000
SOLD NOV 6, 2025

629 Central Ave Lapel, IN 46051

3 Beds
3 Baths
-- Sq Ft
5,478 Sq Ft Lot

Recently Sold

17% Below List Price

9 Days on Market

About This Home

As of November 2025

Exciting investment opportunity available! This 3-unit triplex is located in a thriving area and is ready for a new owner. The property requires updates, offering you the chance to customize and enhance its value. Units A and B are located downstairs, while Unit C is situated upstairs. Previously, the owner indicated that rental rates ranged between $500 and $600 per unit, with potential for increased earnings post-renovation. Don't miss out on this chance to transform and profit from a promising property The current owner has never leased or occupied the units and is open to selling on contract.

Last Agent to Sell the Property

Aaron Starr

F.C. Tucker Company License #RB14029991 Listed on: 10/22/2025

F.C. Tucker Company

Last Buyer's Agent

Gary Nunley

South Madison Realty License #RB14004222

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,192

Year Built

  • Built in 1910

Parking

  • 1 Car Attached Garage

Home Design

  • Triplex

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Schools

  • Lapel Elementary School
  • Lapel Middle School
  • Lapel Sr High School

Additional Features

  • 1.5-Story Property
  • 5,478 Sq Ft Lot

Community Details

  • Woodwards Subdivision

Listing and Financial Details

  • Tax Lot 481027300044000032
  • Assessor Parcel Number 481027300044000032
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,192

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1910
  • Lot Size Acres: 0.13
  • Subdivision Name: Woodwards
  • Transaction Type: Sale
  • Conversion: Yes
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: One and One Half
  • Total Bathrooms: 3
  • Total Bedrooms: 3

Exterior Features

  • Road Access: Not Applic

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Attached

Utilities

  • Solid Waste: Yes

Schools

  • Middle Or Junior School: Lapel Middle School

Lot Info

  • Additional Parcels: No
  • Current Use: Residential
  • Lot Size Sq Ft: 5478
  • Parcel Number: 481027300044000032
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 2192
  • Tax Lot: 481027300044000032
  • Semi Annual Property Tax Amt: 1096

MLS Schools

  • Elementary School: Lapel Elementary School
  • High School: Lapel Sr High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2025
Sold by
Bruce W Roudebush Keystone Trust and Monttinen Erica L
Bought by
Redwood Retirement Llc

Purchase Details

Closed on
Nov 6, 2024
Sold by
Redwood Retirement Llc
Bought by
Fido Re Investments Llc

Purchase Details

Closed on
Oct 23, 2019
Sold by
Roudebush Bruce W
Bought by
Roudebush Keystone Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Quit Claim Deed -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2025 11/06/25 Sold $125,000 -16.6% --
10/31/2025 10/31/25 Pending -- -- --
10/22/2025 10/22/25 For Sale $149,900 -- --
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

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
2025 $2,192 $109,600 $10,700 $98,900
2024 $2,192 $109,600 $10,700 $98,900
2023 $1,998 $99,900 $10,100 $89,800
2022 $1,894 $94,700 $9,400 $85,300
2021 $1,750 $87,500 $9,400 $78,100
2020 $1,664 $83,200 $9,000 $74,200
2019 $1,538 $76,900 $9,000 $67,900
2018 $1,398 $69,900 $9,000 $60,900
2017 $1,382 $69,100 $9,000 $60,100
2016 $1,382 $90,900 $9,000 $81,900
2014 $1,532 $76,600 $9,000 $67,600
2013 $1,532 $76,600 $9,000 $67,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22069685

MIBOR Broker Listing Cooperative®

APN: 48-10-27-300-044.000-032