$235,000
SOLD MAY 16, 2025
6 Beds
2 Baths
1,232 Sq Ft
6,795 Sq Ft Lot

Recently Sold

$191 Per Sq Ft

6% Below List Price

39 Days on Market

Highlights

  • Mature Trees
  • Traditional Architecture
  • Forced Air Heating System

About This Home

As of May 2025

Welcome to your next high-performing investment or house hacking opportunity in the thriving near eastside of Indianapolis! This remodeled duplex offers a turnkey experience, perfect for investors seeking immediate stable cash flow and long-term appreciation or owner-occupants looking to offset their mortgage with rental income. Each spacious unit features 3 bedrooms, 1 bathroom, and 1232 sq. ft. of comfortable living space, plus full, unfinished basements with laundry hookups for extra storage and tenant convenience. One side (926) is already leased at $1,185/mo (exp 6/16/25), while the other unit is vacant and move-in ready, with market rent estimated at $1,200-$1,300/mo-or up to $2,110 with Section 8, truly maximizing your return! Tenants cover all utilities, and professional management is in place, making this a hassle-free investment. Just 10 minutes from downtown Indianapolis, this duplex offers easy access to employment hubs, entertainment, and urban conveniences, while being surrounded by ongoing redevelopment, positioning it for strong appreciation potential. Whether you're looking to expand your rental portfolio or live in one unit while your tenant helps pay the mortgage, this is an opportunity you don't want to miss-schedule your showing today! Sold AS-IS. No seller financing.

Last Agent to Sell the Property

Peter Stewart

Keller Williams Indpls Metro N Brokerage Email: peter@peterstewartrealty.com License #RB15000083 Listed on: 03/13/2025

Keller Williams Indpls Metro N

Last Buyer's Agent

Lawton Link

Real Broker, LLC License #RB17000627

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,160

Year Built

  • Built in 1910

Lot Details

  • 6,795 Sq Ft Lot
  • Mature Trees

Parking

  • Alley Access

Home Design

  • Duplex
  • Traditional Architecture
  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Laundry in Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System

Community Details

  • Adams George F Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for no utilities
  • Tax Lot 32
  • Assessor Parcel Number 491005223010000101
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,160

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1910
  • Lot Size Acres: 0.16
  • Structure Type: Duplex
  • Subdivision Name: Adams George F
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 117500
  • MBR_AttributionContact: peter@peterstewartrealty.com
  • Attribution Contact: peter@peterstewartrealty.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Levels: Two
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Owner Pays: No Utilities
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt
  • Foundation Details: Block
  • List Price: 249900
  • View Y N: No
  • Waterfront: No
  • Road Access: Frontage Road

Garage/Parking

  • Parking Features: Alley Access
  • Unit Parking: Unpaved

Utilities

  • Heating: Forced Air
  • Laundry Features: In Basement
  • Solid Waste: No

Fee Information

  • Expenses: 0

Lot Info

  • Lot Features: Curbs, Sidewalks, Mature Trees
  • Property Attached Yn: No
  • Additional Parcels: No
  • Current Use: Apt<20
  • Lot Size Sq Ft: 6795
  • Parcel Number: 491005223010000101
  • Acres: <1/4 Acre
  • Price Acre: 1468750

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5160
  • Tax Lot: 32
  • Semi Annual Property Tax Amt: 2580

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2025
Closed on
May 16, 2025
Sold by
Kim Sunhee
Bought by
Day Michael Scott
Seller's Agent
Peter Stewart
Keller Williams Indpls Metro N
Buyer's Agent
Lawton Link
Real Broker, LLC
List Price
$249,900
Sold Price
$235,000
Premium/Discount to List
-$14,900
-5.96%
Views
37
Current Estimated Value
$260,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,427
Avg. Annual Appreciation
32.39%
Original Mortgage
$176,250
Outstanding Balance
$176,250
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$80,108

Purchase Details

Closed on
Jan 19, 2022
Sold by
Indianapolis Real Estate Investments Llc
Bought by
Kim Sunhee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2021
Sold by
Claunch Jesse
Bought by
Real Estate Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,305
Interest Rate
3.1%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 30, 2018
Sold by
Crn Properties Llc
Bought by
Claunch Jesse

Purchase Details

Closed on
Dec 27, 2007
Sold by
Nagy Mark
Bought by
Crn Properties Llc

Purchase Details

Closed on
Dec 10, 2007
Sold by
U S Bank National Association
Bought by
Nagy Mark

Purchase Details

Closed on
Mar 6, 2006
Sold by
Kroll Marc J and Stilwell Joseph A
Bought by
Pillow Shawn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,025
Interest Rate
9.17%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 1, 2005
Sold by
Stilwell Joseph A and Kroll Marc J
Bought by
Vaughan Terry
Source: Public Records

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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 -- Chicago Title
Warranty Deed $245,000 None Listed On Document
Warranty Deed $55,000 None Available
Quit Claim Deed $2,000 None Available
Quit Claim Deed -- None Available
Special Warranty Deed -- Title One
Warranty Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $176,250 New Conventional
Previous Owner $183,750 New Conventional
Previous Owner $157,305 Stand Alone First
Previous Owner $85,025 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Sold $235,000 -6.0% $191 / Sq Ft
04/21/2025 04/21/25 Pending -- -- --
03/13/2025 03/13/25 For Sale $249,900 -- $203 / Sq Ft
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
2024 $5,298 $229,100 $5,900 $223,200
2023 $5,298 $217,500 $5,900 $211,600
2022 $5,139 $209,300 $5,900 $203,400
2021 $1,701 $105,300 $5,900 $99,400
2020 $1,075 $62,700 $2,300 $60,400
2019 $1,019 $58,100 $2,300 $55,800
2018 $3,763 $64,100 $2,300 $61,800
2017 $1,455 $62,700 $2,300 $60,400
2016 $1,125 $48,300 $2,300 $46,000
2014 $845 $39,100 $2,300 $36,800
2013 $813 $39,100 $2,300 $36,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22024257

MIBOR Broker Listing Cooperative®

APN: 49-10-05-223-010.000-101