Seller's Agent in 2025
Miguel Rodriguez
Keller Williams Indy Metro S
(317) 268-2010
3 in this area
314 Total Sales
7501 E Troy Ave Indianapolis, IN 46239
Five Points Neighborhood
4
Beds
2
Baths
691
Sq Ft
0.5
Acres
Highlights
- 0.5 Acre Lot
- Traditional Architecture
- 1-Story Property
- Franklin Central High School Rated A-
About This Home
As of April 2025An incredible investment opportunity in Franklin Township! This beautifully maintained duplex is in immaculate condition. Ready to be owner-occupied. The area market shows a potential monthly rent range of $1295 per unit. This turn-key ready duplex boasts two identical units, each offering a well-appointed living space, featuring 2 bedrooms and 1 bathroom per unit. Each unit is thoughtfully designed with its private driveway, along with a convenient storage shed and washer/dryer. Recent renovations in 2025 have elevated this property to modern standards, ensuring comfort and style for tenants and owners alike. Upgrades include: SS appliances and brand new luxury vinyl plank (LVP) flooring. Completely remodeled with contemporary finishes new cabinets and Quartz countertops. All new interior paint for a crisp, updated appearance. New PEX plumbing supply lines, PVC drain pipes, recent replacements of electrical panels and water heaters (within the last 5 years) New ceiling fans, and new front and back entry doors. A vapor barrier has been installed to enhance the property's longevity. The Dimensional shingle roof was installed in late 2024. The oversized lot offers ample space for future expansion. Consider adding a garage or accessory building, or explore the potential to split the parcel and develop a separate single-family residence (SFR). The duplex is equipped with separately metered electric and gas utilities, Whether you're looking to generate consistent rental income or seeking a home that offers additional income potential, this duplex has it all.
Last Agent to Sell the Property
Keller Williams Indy Metro S Brokerage Email: team@rodriguez-realty.org License #RB19001190 Listed on: 02/05/2025
Co-Listed By
Keller Williams Indy Metro S Brokerage Email: team@rodriguez-realty.org License #RB20001693
Last Buyer's Agent
Ashley Stovall
Gold Street Realty, LLC
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,066
Year Built
- Built in 1973 | Remodeled
Lot Details
- 0.5 Acre Lot
Home Design
- Duplex
- Traditional Architecture
- Brick Exterior Construction
Interior Spaces
- 1-Story Property
- Fire and Smoke Detector
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Tenant pays for all utilities
- The owner pays for taxes
- Tax Lot 491025128018000300
- Assessor Parcel Number 491025128018000300
- Seller Concessions Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 5, 2025
Closed on
Apr 9, 2025
Sold by
Smith Julie and Smith James C
Bought by
Wright Sharrie
Seller's Agent
Miguel Rodriguez
Keller Williams Indy Metro S
Buyer's Agent
Ashley Stovall
Gold Street Realty, LLC
List Price
$349,999
Sold Price
$295,000
Premium/Discount to List
-$54,999
-15.71%
Views
60
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,020
Avg. Annual Appreciation
-5.69%
Original Mortgage
$289,656
Outstanding Balance
$288,375
Interest Rate
6.67%
Mortgage Type
FHA
Estimated Equity
-$5,395
Purchase Details
Closed on
Jan 16, 2020
Sold by
Smith James C
Bought by
Smith Julie and Smith James C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,600
Interest Rate
3.73%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 22, 2019
Sold by
Stephenson Paul D and Stephenson Jamise M
Bought by
Smith James C
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 |
|---|---|---|---|
| Warranty Deed | -- | Fidelity National Title Compan | |
| Interfamily Deed Transfer | -- | Chicago Title | |
| Warranty Deed | $115,000 | Security Title Services |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $289,656 | FHA | |
| Previous Owner | $103,600 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/09/2025 04/09/25 | Sold | $295,000 | -1.7% | $427 / Sq Ft |
| 03/08/2025 03/08/25 | Pending | -- | -- | -- |
| 03/03/2025 03/03/25 | Price Changed | $299,999 | -9.1% | $434 / Sq Ft |
| 02/13/2025 02/13/25 | Price Changed | $329,999 | -5.7% | $478 / Sq Ft |
| 02/05/2025 02/05/25 | For Sale | $349,999 | -- | $507 / 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 | $4,224 | $198,700 | $22,500 | $176,200 |
| 2023 | $4,224 | $203,300 | $22,500 | $180,800 |
| 2022 | $4,101 | $197,300 | $22,500 | $174,800 |
| 2021 | $2,991 | $141,900 | $16,900 | $125,000 |
| 2020 | $2,728 | $128,900 | $16,900 | $112,000 |
| 2019 | $2,425 | $113,900 | $16,900 | $97,000 |
| 2018 | $2,213 | $103,100 | $16,900 | $86,200 |
| 2017 | $2,192 | $102,200 | $16,900 | $85,300 |
| 2016 | $2,151 | $100,300 | $16,900 | $83,400 |
| 2014 | $1,979 | $98,500 | $16,900 | $81,600 |
| 2013 | $1,979 | $98,500 | $16,900 | $81,600 |
Source: Public Records
Agents Affiliated with this Home
-
Miguel Rodriguez
-
Ashley Rodriguez
A
Seller Co-Listing Agent in 2025
Ashley Rodriguez
Keller Williams Indy Metro S
(317) 956-9798
2 in this area
150 Total Sales
-
A
Buyer's Agent in 2025
Ashley Stovall
Gold Street Realty, LLC
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22020572
APN: 49-10-25-128-018.000-300
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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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