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$435,000   Price Analysis
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365 E Morris St
Indianapolis, IN 46225
5 bed 6 bath 3,344 SqFt ($130/SqFt)
3,920SqFt lot. Built 1984
Listed 2024-06-03, Taxes $4,109
Ⓧ USDA Ineligible
due to location

near Indianapolis

This 5-bedroom

5.5-bathroom home blends investment potential with comfortable living, perfect for those seeking a dynamic urban lifestyle. Featuring tw separate units, this property is ideal for generating rental income or multi-generational living. Each unit offers ample space and modern amenities. Minutes from downtown Indianapolis, enjoy access to top attractions like Lucas Oil Stadium, Gainbridge Fieldhouse and the Bottleworks District. Explore nearby Fountain Square and Fletcher Place for dining, shopping and entertainment. The neighborhood boasts a vibrant, welcoming atmosphere. Engage in local events, farmers markets and festivals that celebrate the area's rich culture and diversity. Proximity to Garfield Park and White River State Park means easy access to green spaces and outdoor activities.

Enjoy walking, biking or relaxing in these parks. The Indiana polis Cultural Trail offers scenic routes for jogging or cycling. With institutions like IUPUI and the University of Indianapolis nearby, this location is ideal for students and academics. The Central Library, renowned for its architecture and resources, is a short drive away. Indianapolis is known for its diverse food scene. Discover culinary delights from gourmet restaurants to casual eateries and food trucks, offering something for every taste. The area will benefit from upcoming developments, including the new Indy Eleven stadium and a state-of-the-art music arena, enhancing the neighborhood's appeal and property values. Close to key employers like Eli Lilly, Salesforce and numerous hospitals, this property is ideal for professionals seeking convenience and a short commute. The property can be converted back into a single-family home with a sizeable kitchen and connecting staircase, aligning with high-end homes in the area. This flexibility makes it a standout investment. Priced attractively, this home represents exceptional value for its location and potential. Don't miss your chance!


Presented by Beau Benjamin at
EXP Realty LLC.
Listing Agent Photo

Property MLS #21982800 from MIBOR

Bedrooms: 5
Bedrooms On Main Level: 2
Bedrooms On Upper Level: 3
Primary Bedroom Dimensions: 10 x 10
Bedroom 2 Dimensions: 8 x 8
Bedroom 3 Dimensions: 8 x 8
Bedroom 4 Dimensions: 8 x 8
Bedroom 5 Dimensions: 8 x 8
Primary Bedroom Level: Main
Bedroom 2 Level: Main
Bedroom 3 Level: Upper
Bedroom 4 Level: Upper
Bedroom 5 Level: Upper

Total Rooms: 11
Basement Features: Unfinished

Total Bathrooms: 6
Full Bathrooms: 5
1/2 Bathrooms: 1
Full Bathrooms On Main Level: 2
Half Bathrooms On Main Level: 1
Full Bathrooms On Upper Level: 3

Eat-in Kitchen

Electric Cooktop
Dryer
Microwave
Refrigerator
Washer
Water Heater

Cooling Features: Ductless
Heating Features: Simple Vent No Duct Work

Dining Area Description: Dining Combo/Kitchen
Kitchen Dimensions: 8 x 8
Kitchen Level: Main

Lot Size Acres: 0.09
Lot Size Square Feet: 3920

Garage Spaces: 2
Parking Features: Detached
Garage Sqft: 480

High School District: Indianapolis Public Schools

James A. Garfield School 31 is a public elementary and middle school located approximately 0.4 miles away.
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Lumen Christi Catholic School is a private elementary, middle and high school located approximately 0.5 miles away.
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Purdue Polytechnic High School Ind is a public high school located approximately 1.1 miles away.
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Calculated Total Monthly Association Fees: 0

Source Listing Status: Active
County: Marion
Directions: From 65 South, take exit 110A to East St. Left/South on East on your right/south side of the street.
Tax Year: 2022
Source Property Type: Residential
Area: 4913 - Marion - Center Se
Source Neighborhood: Vajens Subdivision
Parcel Number: 491113200006000101
Postal Code Plus 4: 2506
Subdivision: Vajens Subdivision
Township: Center
Property Subtype: Single Family Residence
Lot Number: 58
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$79,400 + $22,300
$101,700
$4,109
2021$79,400 + $22,300
$101,700
$2,430
2020$68,900 + $22,300
$91,200
$2,194
2019$86,500 + $3,100
$89,600
$2,195
2018$66,000 + $3,100
$69,100
$1,724
2017$41,700 + $3,100
$44,800
$1,051
2016$38,300 + $3,100
$41,400
$892
2008$31,700 + $3,600
$35,300
$41
2008$28,900 + $3,600
$32,500
$41
2006$39,600 + $3,600
$43,200
$133

Listed 2024-06-03
$435,000
MIBOR
Listing removed 2023-11-09
$450,000
MIBOR
Listing removed 2023-11-08
$450,000
MIBOR
Price Changed 2023-09-02
$450,000
MIBOR
Price Changed 2023-07-23
$447,500
MIBOR
Price Changed 2023-07-17
$450,000
MIBOR
Listing removed 2023-07-11
$495,000
MIBOR
Price Changed 2023-07-09
$452,500
MIBOR
Price Changed 2023-06-30
$455,000
MIBOR
Price Changed 2023-06-24
$457,500
MIBOR
Price Changed 2023-06-15
$460,000
MIBOR
Price Changed 2023-06-05
$462,500
MIBOR
Price Changed 2023-05-26
$465,000
MIBOR
Price Changed 2023-05-19
$475,000
MIBOR
Price Changed 2023-05-11
$485,000
MIBOR
Relisted 2023-03-20
$495,000
MIBOR
Listing removed 2023-01-25
$525,000
MIBOR
Listed 2023-01-13
$525,000
MIBOR
Sold 2017-03-17
$75,000
Public Record
Listing removed 2016-11-10
$82,999
MIBOR
Price Changed 2016-09-16
$82,999
MIBOR
Listed 2016-08-29
$86,000
MIBOR
Sold 2016-07-01
$48,000
Public Record

Total Square Feet Living: 2656
Year Built: 1984
Construction Materials: Cement Siding
Foundation Details: Block
Levels: Two
Property Age: 40
Total Area Main: 1296
Total Area Upper: 1360
Architectural Style: Craftsman

Water Source: Municipal/City
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.