$179,000 Price Analysis    ♡   Indianapolis, IN 46208 Unknown bed None bath 2,344 SqFt ($76/SqFt) 7,405SqFt lot. Built 1910 Listed 2024-03-08, Taxes $3,321 | Ⓧ USDA Ineligible due to location near Indianapolis |
Discover a unique investment opportunity in the heart of downtown Indianapolis.
This income-flowing duplex, perfectly positioned near the Children's Museum, Riverside Park and Newfields, offers a strategic blend of cultural richness and urban convenience. Featuring 2-bedroom unit on one side and a 3-bedroom unit on the other, both currently tenant-occupied, this property provides immediate returns on your investment. Recent updates including a new roof, water heater and furnace, allowing you to focus on maximizing your investment. With leases extending through February 2025 for unit 837 and October 2024 for unit 839, stability is already built-in.
Property includes 2 lots, lot #9 and #10. Home sits on lot #10 and lot #9 is vacant and could be utilized for a future sale or potential residential development. For those looking to expand their portfolio, consider the potential to bundle this purchase with the adjacent listing at 1062/1064 W Roache Street, offering an even more significant opportunity for growth and revenue. This duplex is a gateway to a vibrant lifestyle and a thriving investment future in one of Indianapolis's most sought-after locations. Don't let this chance slip through your fingers. Schedule your showing now to take the first step towards securing your piece of Indianapolis's vibrant heart.
Presented by Eric Forney at
Keller Williams Indy Metro W.
Property MLS #21967118 from MIBOR
Heating Features: Forced Air
Lot Size Acres: 0.17
Lot Size Square Feet: 7405
Calculated Total Monthly Association Fees: 0
Pet Description: Pet Restrictions Source: 2, Pet Deposit Fee: 1
Unit Type: 2 Bedroom, 3 Bedroom
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 2
Total Rooms in Unit-1: 7
Total Rooms in Unit-2: 8
Unit-1 Square Feet: 1172
Unit-2 Square Feet: 1172
Unit 1 Total Actual Rent: 775
Unit 2 Total Actual Rent: 900
Middle School: Northwest Community Middle School
Map directions Map directions Map directions Map directionsCounty: Marion
Directions: 65N to 21st Street, left on W 21st, right on Dr Martin Luter King, Left on Roache to home on the right.
Tax Year: 2022
Source Property Type: Residential Income
Area: 4911 - Marion - Center Nw
Source Neighborhood: A L Roaches
Parcel Number: 490626149256000101
Postal Code Plus 4: 5438
Subdivision: A L Roaches
Township: Center
Property Subtype: Duplex
Lot Number: 9 & 10
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $111,500 + $5,100 $116,600 | $3,321 |
| 2021 | $111,500 + $5,100 $116,600 | $2,806 |
| 2020 | $64,200 + $5,100 $69,300 | $1,719 |
| 2019 | $63,000 + $5,100 $68,100 | $2,093 |
| 2018 | $78,800 + $5,100 $83,900 | $2,474 |
| 2017 | $71,700 + $5,100 $76,800 | $1,739 |
| 2016 | $68,100 + $5,100 $73,200 | $107 |
| 2014 | $64,700 + $2,600 $67,300 | $1,430 |
| 2013 | $68,300 + $2,600 $70,900 | $1,461 |
| 2012 | $67,100 + $3,100 $70,200 | $750 |
| 2011 | $49,300 + $5,500 $54,800 | $518 |
| 2010 | $49,300 + $5,500 $54,800 | $514 |
| 2008 | $48,100 + $5,500 $53,600 | $665 |
| 2008 | $49,300 + $5,500 $54,800 | $665 |
| 2006 | $52,200 + $5,500 $57,700 | $604 |
$179,000
MIBOR
Price Changed 2024-04-05
$194,000
MIBOR
Listed 2024-03-08
$199,000
MIBOR
Listing removed 2023-01-27
$0
Zumper
Listing removed 2023-01-14
$0
MIBOR
Listed for rent 2023-01-05
$850
Zumper
Listing removed 2023-01-01
$0
Zumper
Listed for rent 2022-12-31
$850
Zumper
Sold 2020-09-24
$120,000
Public Record
Listing removed 2020-09-18
$0
MIBOR
Sold 2019-08-20
$55,000
Public Record
Sold 2019-01-11
$24,000
Public Record
Construction Materials: Stone, Vinyl Siding
Direction Faces: North
Foundation Details: Block, Crawl Space
Levels: Two
Property Age: 114
Architectural Style: TraditonalAmerican
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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.