Discover this low-maintenance duplex featuring two 2-bed/1-bath units

Each in tremendous condition. With ample off-street parking and storage and located minutes from dwntown Indianapolis, it's a prime opportunity. Both sides tenant occupied allowing for immediate cash flow.

2536 Madison:5/8/24-5/7/25 and 2538 Madison: 4/4/24-4/3/25 both at approximately 960/month. Here is your investor dream, don't miss out on this incredible opportunity!

Request Information
on 2536 Madison Ave
in Indianapolis, IN
Presented by Natalie Clayton at
Maywright Property Co.


Property MLS #21980105 from MIBOR

+ Reveal additional info including schools and tax history

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+ Heating and Cooling

Cooling Features: Central Electric
Heating Features: Forced Air

+ Exterior and Lot Features

Road Access: Not Applic

+ Land Info

Lot Size Acres: 0.2
Lot Size Square Feet: 8712

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0
Pet Description: Pet Restrictions Source: 1, Pet Deposit Fee: 1

+ Multi-Unit Info

Number of Units: 2
Unit Type: 2 Bedroom, 2 Bedroom
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 4
Unit-1 Square Feet: 1456
Unit-2 Square Feet: 1456
Unit 1 Total Actual Rent: 960
Unit 2 Total Actual Rent: 960

+ School Information

High School District: Indianapolis Public Schools
+ Display Complete School Details

Daniel Webster School 46 is a public elementary and middle school located approximately 2.2 miles away.
Map directions

Emmerich Manual High School is a public high school located approximately 0.2 miles away.
Map directions

Todd Academy, Inc. is a private elementary, middle and high school located approximately 0.4 miles away.
Map directions

+ Rental Info

Tenant Pays: Electricity, Gas, Insurance, Sewer, Water

+ Other Property Info

Source Listing Status: Pending
County: Marion
Directions: GPS Friendly
Tax Year: 2024
Source Property Type: Residential Income
Area: 4913 - Marion - Center Se
Source Neighborhood: Hoefgens
Owner Pays: Lawncare, Taxes, Trash Collection
Parcel Number: 491124131009000101
Postal Code Plus 4: 2109
Subdivision: Hoefgens
Township: Center
Property Subtype: Duplex
Lot Number: 18
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$105,100 + $19,300 $124,400	$3,626
2021	$105,100 + $19,300 $124,400	$3,041
2020	$85,600 + $19,300 $104,900	$2,597
2019	$50,900 + $8,100 $59,000	$1,557
2018	$50,900 + $8,100 $59,000	$1,566
2017	$46,700 + $8,100 $54,800	$1,320
2016	$43,300 + $8,100 $51,400	$1,221
2015	$41,500 + $8,100 $49,600	$1,096
2014	$37,000 + $8,100 $45,100	$978
2013	$37,000 + $8,100 $45,100	$941
2012	$36,500 + $8,600 $45,100	$1,020
2011	$33,100 + $16,400 $49,500	$1,037
2010	$33,100 + $16,400 $49,500	$1,060
2008	$38,700 + $16,400 $55,100	$1,473
2008	$33,100 + $16,400 $49,500	$1,473
2006	$34,300 + $16,400 $50,700	$1,280

+ Reveal Property Sale History

Listed 2024-05-17
$215,000
MIBOR

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Listing removed 2024-02-23
$1,199
MIBOR

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Listed for rent 2024-02-02
$1,199
MIBOR

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Sold 2020-06-04
$130,400
Public Record

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Listing removed 2017-11-30
$695
MIBOR

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Listed for rent 2017-11-10
$695
MIBOR

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Sold 2016-07-21
$105,000
Public Record

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Listing removed 2016-07-19
$109,900
MIBOR

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Listed 2016-04-22
$109,900
MIBOR

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Listing removed 2015-03-31
$126,000
MIBOR

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Listed 2014-09-30
$126,000
MIBOR

+ Building and Construction

Year Built: 1940
Construction Materials: Aluminum Siding
Levels: One
Property Age: 84
Architectural Style: Bungalow