NOT LISTED FOR SALE

7501 E Troy Ave Indianapolis, IN 46239

Five Points Neighborhood

Estimated Value: $268,000 - $303,000

4 Beds
2 Baths
691 Sq Ft
$414/Sq Ft Est. Value

Sale Details

Date Sold: April 9, 2025

Last sale price $295,000 $427 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,855 / mo

31 Days on Market

Highlights

  • 0.5 Acre Lot
  • Traditional Architecture
  • 1-Story Property
  • Franklin Central High School Rated A-

About This Home

As of April 2025

An 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

Miguel Rodriguez

Keller Williams Indy Metro S Brokerage Email: team@rodriguez-realty.org License #RB19001190 Listed on: 02/05/2025

Keller Williams Indy Metro S

Co-Listed By

Ashley Rodriguez

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

  • 21,780 Sq Ft 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,066

Year Built

Built in 1973 | Remodeled

Lot Details

0.5 Acres

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1973
  • Lot Size Acres: 0.5
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel
  • Structure Type: Duplex
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: team@rodriguez-realty.org
  • Attribution Contact: team@rodriguez-realty.org
  • Special Features: None

Interior Features

  • Levels: One
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Owner Pays: Taxes
  • Possible Use: Residential
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Construction Materials: Brick
  • Property Condition: Updated/Remodeled
  • Waterfront: No
  • Road Access: Frontage Road

Garage/Parking

  • Unit Parking: Guest Parking,2 Car Space,Unpaved

Utilities

  • Laundry Features: Connections All
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Lot Info

  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Size Sq Ft: 21780
  • Parcel Number: 491025128018000300
  • Acres: 1/2-1 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 4066
  • Tax Lot: 491025128018000300
  • Semi Annual Property Tax Amt: 2033

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
$285,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,181
Avg. Annual Appreciation
-2.89%
Original Mortgage
$289,656
Outstanding Balance
$286,791
Interest Rate
6.67%
Mortgage Type
FHA
Estimated Equity
-$972

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Wright Sharrie -- Fidelity National Title Compan
Smith Julie -- Chicago Title
Smith James C $115,000 Security Title Services
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Wright Sharrie $289,656
Previous Owner Smith Julie $103,600
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

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 $3,974 $208,500 $22,500 $186,000
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

    Seller's Agent in 2025

    Miguel Rodriguez

    Keller Williams Indy Metro S

    (317) 268-2010

    3 in this area

    304 Total Sales

    Miguel Rodriguez
    Section Image

  • A

    Seller Co-Listing Agent in 2025

    Ashley Rodriguez

    Keller Williams Indy Metro S

    (317) 956-9798

    2 in this area

    150 Total Sales

    Ashley Rodriguez
    Section Image

  • A

    Buyer's Agent in 2025

    Ashley Stovall

    Gold Street Realty, LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22020572

MIBOR Broker Listing Cooperative®

APN: 49-10-25-128-018.000-300

Indiana Marion County Indianapolis 46239 Five Points

7501 E Troy Ave, Indianapolis, IN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® 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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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