733 W 25th St Indianapolis, IN 46208
Near Northwest Riverside Neighborhood
3
Beds
2
Baths
983
Sq Ft
3,920
Sq Ft Lot
About This Home
As of August 2025Don't miss this exciting investment opportunity to own a vacant duplex at 733 W 25th St in the heart of Indianapolis! This upstairs/downstairs duplex offers endless flexibility for a savvy investor or owner-occupant. The main level features 2 spacious bedrooms, 1 full bath, and a functional layout, while the upstairs unit includes 1 bedroom plus a bonus room-perfect for a home office, second bedroom, or creative space. Both units are completely vacant and ready for immediate updates, offering a blank canvas to maximize rental potential. Market rent projections are approximately $1,100/month for the lower unit and $850/month for the upper unit, generating an estimated $1,950/month or $23,400/year in gross rental income. All utilities are separately metered, allowing tenants to cover their own electric and gas bills-owner currently pays for water and sewer, which runs approximately $120 per month. This setup helps minimize owner overhead-a major plus for investors! Annual property taxes are only $1,498, with estimated insurance costs of $600/year, and professional property management is projected at 10% of collected rents. Based on current projections, this duplex could deliver a strong 13.1% proforma cap rate, offering excellent cash flow potential. Located near downtown Indianapolis, Riverside Park, I-65, and other major conveniences, this property is ideally positioned for tenant demand and future growth. Live in one unit and rent the other, or lease both units for maximum returns. Bring your vision and turn this versatile property into a high-performing asset today!
Last Agent to Sell the Property
No Limit Real Estate, LLC License #RB14033327 Listed on: 05/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,496
Year Built
- Built in 1920
Parking
- Detached Garage
Home Design
- Duplex
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Additional Features
- 2-Story Property
- 3,920 Sq Ft Lot
Community Details
- Allens 2Nd North Add Subdivision
Listing and Financial Details
- Tax Lot 49-06-26-150-225.000-101
- Assessor Parcel Number 490626150225000101
- Seller Concessions Not Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 1, 2017
Purchase Details
Closed on
Jul 21, 2017
Sold by
Marion County Auditor
Bought by
Marion County
Purchase Details
Closed on
Jul 20, 2017
Sold by
Marion County Auditor
Bought by
Marion County
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Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $43,800 | -- | |
| Deed | $43,750 | Paramount Title Agency | |
| Deed | $8,800 | -- | |
| Deed | $8,800 | -- | |
| Quit Claim Deed | $8,800 | -- | |
| Deed | $3,673 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Sold | $109,000 | -16.1% | $111 / Sq Ft |
| 07/13/2025 07/13/25 | Pending | -- | -- | -- |
| 07/01/2025 07/01/25 | Price Changed | $129,900 | -7.2% | $132 / Sq Ft |
| 05/12/2025 05/12/25 | Price Changed | $139,950 | -3.5% | $142 / Sq Ft |
| 05/02/2025 05/02/25 | For Sale | $145,000 | -- | $148 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $1,686 | $65,800 | $9,800 | $56,000 |
| 2023 | $1,686 | $66,800 | $9,800 | $57,000 |
| 2022 | $1,597 | $64,600 | $9,800 | $54,800 |
| 2021 | $1,354 | $54,400 | $2,600 | $51,800 |
| 2020 | $1,246 | $49,600 | $2,600 | $47,000 |
| 2019 | $1,244 | $48,600 | $2,600 | $46,000 |
| 2018 | $1,172 | $45,200 | $2,600 | $42,600 |
| 2017 | $94 | $41,600 | $2,600 | $39,000 |
| 2016 | $2,035 | $39,600 | $2,600 | $37,000 |
| 2014 | $817 | $37,800 | $2,600 | $35,200 |
| 2013 | $598 | $39,600 | $2,600 | $37,000 |
Source: Public Records
Agents Affiliated with this Home
-
Charlene Gaard
Seller's Agent in 2025
Charlene Gaard
No Limit Real Estate, LLC
(317) 440-2149
9 in this area
281 Total Sales
-
Rob Gaard
Seller Co-Listing Agent in 2025
Rob Gaard
No Limit Real Estate, LLC
(317) 445-1095
4 in this area
81 Total Sales
-
Paige Nelson
P
Buyer's Agent in 2025
Paige Nelson
CENTURY 21 Scheetz
(412) 515-5350
1 in this area
7 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22035182
APN: 49-06-26-150-225.000-101
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