7422 E 30th St Indianapolis, IN 46219
Arlington Woods NeighborhoodEstimated payment $1,280/month
Highlights
- Ranch Style House
- No HOA
- 2 Car Attached Garage
- Wood Flooring
- Covered Patio or Porch
- Eat-In Kitchen
About This Home
Investor Opportunity! Excellent income-producing 3-bedroom, 1.5-bath ranch located on the east side of Indianapolis. Property is currently tenant-occupied at $1,400/month on a month-to-month lease, offering immediate income with the flexibility to adjust rent or lease terms after closing. This well-maintained home features a functional floor plan, spacious bedrooms, and a large backyard, and a partially converted garage providing additional living or flex space while retaining garage access. New HVAC installed in 2023. Conveniently located near major roads, shopping, dining, and just minutes from downtown Indianapolis. Perfect for investors seeking a stable property with built-in cash flow and value-add potential. Comparable area rents suggest room for future rent increases, and tenant occupancy provides reduced vacancy risk from day one.
Listing Agent
Keller Williams Indpls Metro N License #RB22002258 Listed on: 10/11/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,104
Year Built
- Built in 1955
Lot Details
- 0.34 Acre Lot
Parking
- 2 Car Attached Garage
Home Design
- Ranch Style House
- Block Foundation
- Vinyl Construction Material
Interior Spaces
- 1,440 Sq Ft Home
- Combination Kitchen and Dining Room
- Fire and Smoke Detector
Kitchen
- Eat-In Kitchen
- Gas Cooktop
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
Outdoor Features
- Covered Patio or Porch
- Shed
- Storage Shed
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
- Shadeland Village Subdivision
Listing and Financial Details
- Tax Lot 490724109111000700
- Assessor Parcel Number 490724109111000700
Map
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 | $4,719 | $208,600 | $14,700 | $193,900 |
| 2023 | $4,719 | $199,700 | $14,700 | $185,000 |
| 2022 | $2,748 | $119,300 | $14,700 | $104,600 |
| 2021 | $1,266 | $106,300 | $14,700 | $91,600 |
| 2020 | $899 | $96,500 | $12,000 | $84,500 |
| 2019 | $847 | $90,000 | $12,000 | $78,000 |
| 2018 | $798 | $81,600 | $12,000 | $69,600 |
| 2017 | $330 | $77,000 | $12,000 | $65,000 |
| 2016 | $256 | $75,700 | $12,000 | $63,700 |
| 2014 | $251 | $77,400 | $12,000 | $65,400 |
| 2013 | $365 | $83,300 | $12,000 | $71,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/23/2025 10/23/25 | Price Changed | $195,000 | -2.5% | $135 / Sq Ft | |
| 10/11/2025 10/11/25 | For Sale | $200,000 | +239.0% | $139 / Sq Ft | |
| 07/28/2017 07/28/17 | Sold | $59,000 | 0.0% | $41 / Sq Ft | View Prior Sale |
| 06/26/2017 06/26/17 | Pending | -- | -- | -- | |
| 05/26/2017 05/26/17 | For Sale | $59,000 | -- | $41 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Eagle Land Title | |
| Warranty Deed | -- | None Available | |
| Deed | $59,000 | -- | |
| Deed | -- | Attorneys Title Agency |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $144,000 | New Conventional | |
| Previous Owner | $124,122 | Balloon | |
| Previous Owner | $60,947 | VA |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22067647
APN: 49-07-24-109-111.000-700
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Based on information submitted to the MLS GRID. 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.
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