1621 E 46th St · Indianapolis city (balance), IN
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $717 – $1,331
Heat risk 3/10 · Minor
- Hot days now (above 102°F)
- 7 days/yr
- Hot days in 30 yrs
- 18 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- 1.0%
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 5 days/yr
- Unhealthy air days in 30 yrs
- 7 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +13.9/15.0
- Cash flow +13.0/30.0
- Rent growth +4.1/5.0
- DSCR +3.9/10.0
- 1% rule +2.6/10.0
- Livability +2.5/5.0
- Condition / age +2.5/5.0
- Schools +1.4/10.0
- Appreciation +0.0/10.0
$228,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Large SoBro home on a corner lot! Welcome to this 3 bedroom home just 2 blocks away from Loom & Gold Leaf. This home features 3 proper bedrooms and 1 full bath. Second bathroom in the basement is not currently functional, but has potential. 4th bedroom on the main level with separate entry could be secondary living space, room rental, etc. Large, clean basement offers plenty of storage. Off-street parking on the drive W of the house. HVAC new in 2018, WH new in 2017, Refrigerator new in 2020. With a little bit of TLC, this home could make a great income property or primary residence! Sold "as-is."
Key facts
- Versatile layout
- Two kitchens
- Move in ready
Tags
Property features AI
Exterior
- Parking: Gravel parking
- Utilities: Public water; Municipal sewer connected; Solid waste service available
- Home design: Single-family residence; Two levels; Less than 1/4 acre lot (0.14 acres)
- Construction: Aluminum siding; Block foundation
- Exterior features: Chain link full front-yard fence
Interior
- Kitchen: Eat-in kitchen; Electric oven; Refrigerator
- Bedrooms: Five bedrooms total (3 on main level, 2 on upper level)
- Bathrooms: Two full bathrooms total; Primary bathroom includes a full tub
- Heating & cooling: Forced air heating (natural gas); Central air conditioning; Window air unit(s)
- Interior features: Vaulted ceilings; In-law arrangement; Eat-in kitchen; Painted woodwork
- Laundry & utility: Washer; Dryer; Gas water heater
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath single-family listed at $228k.
Deal economics
- At list price, monthly cash flow is $-14 ($-167/yr) — negative.
- To cash-flow at today's rent, offer at most $226k (1.1% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (24.2% below list).
- Recommended offer: $173k (24.2% below list) — sets the bar for 1% rule.
- Cap rate 6.2% vs local median 4.4% in Indianapolis city (balance) — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
- Indianapolis Public Schools (urban): math 14% / reading 20% proficiency, ranked #286 of 301 in IN (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Center For Inquiry School 84 (math 64% / reading 69%, grade B+, #65 of 994 statewide, top 7%, 469 students, 8% FRL); H L Harshman Middle School (math 3% / reading 16%, grade F, #316 of 330 statewide, top 96%, 549 students, 84% FRL) — zoned schools average 46% FRL vs 77% district-wide (31 pts lower); this property's tenant base skews higher-income than the district average.
- Zoned-school proficiency averages 38% at this address vs 17% district-wide (+21 pts) — the actual schools serving this property are materially stronger than the Indianapolis Public Schools average implies; a family-tenant draw the district grade alone would hide.
- Market conditions: Rents rising fast (+6.2%/yr); 317 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,906 units permitted in Marion County in 2024 (621 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
- Marion County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 47 days — a 3% lower offer ($221k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 16y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $152k; list at $228k implies a 50% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 47 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
- Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 0.76% ✗
- Cap rate
- 6.22%
- Cash-on-cash
- -0.26%
- DSCR
- 0.99
- GRM
- 11.0
CMA / ARV
- ARV (median comp)
- $265,695
- List price
- $228,000
- Delta
- -14.19%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 4534 Norwaldo Ave | 0.14mi | 3/1.0 | 1,728 (+6%) | 1mo | $145,000 | $84 | 79 |
| 4549 Caroline Ave | 0.35mi | 3/2.5 | 1,683 (+3%) | 1mo | $297,000 | $176 | 76 |
| 4850 Carvel Ave | 0.45mi | 3/1.5 | 1,650 (+1%) | 1mo | $275,000 | $167 | 74 |
| 5124 Primrose Ave | 0.41mi | 3/1.0 | 1,592 (-2%) | 1mo | $240,000 | $151 | 72 |
| 5121 Rosslyn Ave | 0.42mi | 2/2.0 (-1) | 1,664 (+2%) | 1mo | $200,000 | $120 | 72 |
| 4840 Crittenden Ave | 0.26mi | 3/1.5 | 1,830 (+12%) | 1mo | $274,900 | $150 | 65 |
| 5220 N Ralston Ave | 0.57mi | 2/1.0 (-1) | 1,640 (+0%) | 1mo | $263,900 | $161 | 63 |
| 4435 Winthrop Ave | 0.53mi | 2/1.0 (-1) | 1,499 (-8%) | 1mo | $265,000 | $177 | 52 |
| 5118 Rosslyn Ave | 0.41mi | 2/1.0 (-1) | 1,440 (-12%) | 0mo | $259,000 | $180 | 52 |
| 5364 Primrose Ave | 0.73mi | 2/1.0 (-1) | 1,716 (+5%) | 1mo | $259,000 | $151 | 48 |
| 5218 Kingsley Dr | 0.57mi | 2/2.0 (-1) | 1,852 (+14%) | 2mo | $285,000 | $154 | 45 |
| 5132 Guilford Ave | 0.74mi | 2/2.0 (-1) | 1,472 (-10%) | 1mo | $340,213 | $231 | 43 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 6.21% rent growth · sell at horizon
- IRR
- -13.7%
- Equity multiple
- 0.50×
- Total profit
- $-32,167
- Equity at exit
- $33,996
- IRR
- -0.9%
- Equity multiple
- 0.93×
- Total profit
- $-4,283
- Equity at exit
- $19,713
Cash invested: $63,840 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 90 Strongly Landlord-Friendly
- State Indiana
- 90 Strongly Landlord-Friendly · R+11
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 46205
- Rents YoY
- 6.2%
- Active inventory
- 317
- Price-to-rent
- 11.0×
Monthly cashflow live
- Estimated rent
- $1,728 high interval (Pro) →
- Mortgage (P&I)
- −$1,196
- Tax from tax record
- −$89 /mo · $1,065/yr
- Insurance
- −$95
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$363
- Net cashflow
- $-14
Break-even live
Sensitivity live
| Price | -10% $115 | -5% $51 | +0% $-14 | +5% $-78 | +10% $-143 |
|---|---|---|---|---|---|
| Rent | -10% $-150 | -5% $-82 | +0% $-14 | +5% $54 | +10% $123 |
| Rate | -1.0pp $101 | -0.5pp $44 | base $-14 | +0.5pp $-73 | +1.0pp $-133 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $57,000
- Closing costs
- $6,840
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1414 E 46th St Indianapolis, IN | 3.0 | 2.0 | 2155 | $1,800 | $0.84 | 45d | 1 | 0.15mi |
| 4521 Norwaldo Ave Unit B Indianapolis, IN | 2.0 | 1.5 | 1054 | $1,600 | $1.52 | 45d | 1 | 0.19mi |
| 4812 Norwaldo Ave Indianapolis, IN | 3.0 | 2.5 | 1536 | $1,995 | $1.30 | 25d | 1 | 0.20mi |
| 4448 Evanston Ave Unit B Indianapolis, IN | 2.0 | 1.5 | 1500 | $1,400 | $0.93 | 45d | 1 | 0.34mi |
| 4448 Evanston Ave Unit B Indianapolis, IN | 2.0 | 1.5 | 1500 | $1,275 | $0.85 | 23d | 1 | 0.34mi |
| 4448 Evanston Ave Unit B Indianapolis, IN | 2.0 | 1.5 | 1500 | $1,275 | $0.85 | 0d | 1 | 0.34mi |
| 4303 Norwaldo Ave Indianapolis, IN | 3.0 | 1.0 | 1050 | $1,200 | $1.14 | 45d | 1 | 0.39mi |
| 5110 Norwaldo Ave Unit 1537772P Indianapolis, IN | 2.0 | 2.5 | 1797 | $3,692 | $2.05 | 0d | 1 | 0.41mi |
| 4301 Crittenden Ave Indianapolis, IN | 2.0 | 1.0 | 1376 | $1,350 | $0.98 | 45d | 1 | 0.43mi |
| 5018 Lemans Dr Indianapolis, IN | 4.0 | 1.0–2.0 | 762 | $1,409 | $1.85 | 0d | 35 | 0.48mi |
| 5220 Luzzane Dr Indianapolis, IN | 1.0–3.0 | 1.0–2.0 | 1046 | $1,920 | $1.83 | 18d | 19 | 0.62mi |
| 5220 Luzzane Dr Indianapolis, IN | 1.0–3.0 | 1.0–2.0 | 948 | $1,711 | $1.80 | 46d | 5 | 0.62mi |
| 5220 Luzzane Ln Unit C-F Indianapolis, IN | 3.0 | 2.0 | 1145 | $1,189 | $1.04 | 9d | 1 | 0.63mi |
| 4340 Guilford Ave Indianapolis, IN | 2.0 | 1.0 | 1200 | $1,400 | $1.17 | 23d | 1 | 0.66mi |
| 5316 Primrose Ave Indianapolis, IN | 2.0 | 1.0 | 1646 | $1,550 | $0.94 | 45d | 1 | 0.67mi |
| 2135 Winthrop Ave Indianapolis, IN | 1.0–3.0 | 1.0–2.0 | 926 | $2,400 | $2.59 | 9d | 1 | 0.70mi |
| 4704 N College Ave Indianapolis, IN | 3.0 | 1.5 | 2049 | $1,695 | $0.83 | 0d | 1 | 0.73mi |
| 4704 N College Ave Indianapolis, IN | 3.0 | 1.5 | 2049 | $1,695 | $0.83 | 15d | 1 | 0.73mi |
| 5301 Evanston Ct Indianapolis, IN | 3.0 | 2.0 | 2111 | $3,099 | $1.47 | 4d | 1 | 0.74mi |
| 5352 Crittenden Ave Indianapolis, IN | 2.0 | 1.0 | 1106 | $1,720 | $1.56 | 25d | 1 | 0.76mi |
| 5380 Primrose Ave Indianapolis, IN | 2.0 | 2.0 | 2002 | $2,250 | $1.12 | 45d | 1 | 0.76mi |
| 645 E 49th St Indianapolis, IN | 3.0 | 1.0 | 1082 | $1,750 | $1.62 | 5d | 1 | 0.80mi |
| 2947 E 47th St Unit D Indianapolis, IN | 2.0 | 2.0 | 1133 | $1,074 | $0.95 | 3d | 1 | 0.93mi |
| 4400 E Fall Creek Parkway North Dr Indianapolis, IN | 1.0–2.0 | 1.0–1.5 | 857 | $1,349 | $1.57 | 0d | 34 | 0.94mi |
| 4073 N College Ave Indianapolis, IN | 2.0 | 2.5 | 2000 | $2,500 | $1.25 | 45d | 1 | 0.95mi |
| 4071 N College Ave Indianapolis, IN | 2.0 | 2.5 | 2000 | $2,200 | $1.10 | 6d | 1 | 0.95mi |
| 3011 E 47th St Unit D Indianapolis, IN | 2.0 | 2.0 | 1133 | $1,099 | $0.97 | 0d | 1 | 0.99mi |
| 3031 E 47th St Apt E Indianapolis, IN | 2.0 | 2.0 | 1133 | $1,074 | $0.95 | 9d | 1 | 1.01mi |
| 3039 E 47th St Indianapolis, IN | 2.0 | 2.0 | 1133 | $1,086 | $0.96 | 4d | 7 | 1.02mi |
| 4040 N College Ave Indianapolis, IN | 3.0 | 1.5 | 1280 | $1,900 | $1.48 | 9d | 1 | 1.02mi |
| 525 E 52nd St Indianapolis, IN | 3.0 | 1.5 | 1080 | $1,600 | $1.48 | 25d | 1 | 1.02mi |
| 5601 Ralston Ave Unit B Indianapolis, IN | 4.0 | 3.0 | 2000 | $2,200 | $1.10 | 25d | 1 | 1.05mi |
| 2221 E 38th St Indianapolis, IN | 2.0 | 1.0 | 1728 | $999 | $0.58 | 16d | 1 | 1.11mi |
| 3736 Kinnear Ave Indianapolis, IN | 3.0 | 2.0 | 2180 | $1,450 | $0.67 | 45d | 1 | 1.12mi |
| 5446 N College Ave Indianapolis, IN | 2.0 | 1.5 | 1064 | $1,800 | $1.69 | 25d | 1 | 1.15mi |
| 3851 Broadway St Indianapolis, IN | 3.0 | 1.0 | 1513 | $1,950 | $1.29 | 19d | 1 | 1.20mi |
| 4022 Central Ave Indianapolis, IN | 3.0 | 1.0 | 1288 | $1,500 | $1.16 | 23d | 1 | 1.22mi |
| 3716 N College Ave Unit 3 Indianapolis, IN | 2.0 | 2.0 | 1100 | $1,450 | $1.32 | 45d | 1 | 1.32mi |
| 3541 Birchwood Ave Indianapolis, IN | 3.0 | 1.0 | 1400 | $1,549 | $1.11 | 13d | 1 | 1.34mi |
| 5611 N Rural St Indianapolis, IN | 2.0 | 1.5 | 1156 | $1,425 | $1.23 | 45d | 1 | 1.34mi |
Listing history 32 events
-
2026-06-21days on market $228,000 Active 47 DOM
-
2026-06-18days on market $228,000 Active 44 DOM
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2026-06-17days on market $228,000 Active 43 DOM
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2026-06-16days on market $228,000 Active 42 DOM
-
2026-06-15days on market $228,000 Active 41 DOM
-
2026-06-13days on market $228,000 Active 39 DOM
-
2026-06-13days on market $228,000 Active 38 DOM
-
2026-06-09days on market $228,000 Active 35 DOM
-
2026-06-08days on market $228,000 Active 34 DOM
-
2026-06-07days on market $228,000 Active 33 DOM
-
2026-06-03days on market $228,000 Active 29 DOM
-
2026-06-02days on market $228,000 Active 28 DOM
-
2026-06-01days on market $228,000 Active 27 DOM
-
2026-05-31days on market $228,000 Active 26 DOM
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2026-05-04$228,000 Active 1006-char remark
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2026-03-31historical
-
2026-03-09status Active
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2026-02-14status Pending
-
2026-01-28price $250,000
-
2025-10-28$270,000 Active
-
2024-02-23soldstatus $152,000 Closed
Show marketing remark (618 chars)
Large SoBro home on a corner lot! Welcome to this 3 bedroom home just 2 blocks away from Loom & Gold Leaf. This home features 3 proper bedrooms and 1 full bath. Second bathroom in the basement is not currently functional, but has potential. 4th bedroom on the main level with separate entry could be secondary living space, room rental, etc. Large, clean basement offers plenty of storage. Off-street parking on the drive W of the house. HVAC new in 2018, WH new in 2017, Refrigerator new in 2020. With a little bit of TLC, this home could make a great income property or primary residence! Sold "as-is."
-
2024-01-13status Pending
Show marketing remark (618 chars)
Large SoBro home on a corner lot! Welcome to this 3 bedroom home just 2 blocks away from Loom & Gold Leaf. This home features 3 proper bedrooms and 1 full bath. Second bathroom in the basement is not currently functional, but has potential. 4th bedroom on the main level with separate entry could be secondary living space, room rental, etc. Large, clean basement offers plenty of storage. Off-street parking on the drive W of the house. HVAC new in 2018, WH new in 2017, Refrigerator new in 2020. With a little bit of TLC, this home could make a great income property or primary residence! Sold "as-is."
-
2023-12-15status Active
Show marketing remark (618 chars)
Large SoBro home on a corner lot! Welcome to this 3 bedroom home just 2 blocks away from Loom & Gold Leaf. This home features 3 proper bedrooms and 1 full bath. Second bathroom in the basement is not currently functional, but has potential. 4th bedroom on the main level with separate entry could be secondary living space, room rental, etc. Large, clean basement offers plenty of storage. Off-street parking on the drive W of the house. HVAC new in 2018, WH new in 2017, Refrigerator new in 2020. With a little bit of TLC, this home could make a great income property or primary residence! Sold "as-is."
-
2023-12-15price $155,000
Show marketing remark (618 chars)
Large SoBro home on a corner lot! Welcome to this 3 bedroom home just 2 blocks away from Loom & Gold Leaf. This home features 3 proper bedrooms and 1 full bath. Second bathroom in the basement is not currently functional, but has potential. 4th bedroom on the main level with separate entry could be secondary living space, room rental, etc. Large, clean basement offers plenty of storage. Off-street parking on the drive W of the house. HVAC new in 2018, WH new in 2017, Refrigerator new in 2020. With a little bit of TLC, this home could make a great income property or primary residence! Sold "as-is."
-
2023-11-23status Pending
Show marketing remark (618 chars)
Large SoBro home on a corner lot! Welcome to this 3 bedroom home just 2 blocks away from Loom & Gold Leaf. This home features 3 proper bedrooms and 1 full bath. Second bathroom in the basement is not currently functional, but has potential. 4th bedroom on the main level with separate entry could be secondary living space, room rental, etc. Large, clean basement offers plenty of storage. Off-street parking on the drive W of the house. HVAC new in 2018, WH new in 2017, Refrigerator new in 2020. With a little bit of TLC, this home could make a great income property or primary residence! Sold "as-is."
-
2023-11-15$165,000 Active
Show marketing remark (618 chars)
Large SoBro home on a corner lot! Welcome to this 3 bedroom home just 2 blocks away from Loom & Gold Leaf. This home features 3 proper bedrooms and 1 full bath. Second bathroom in the basement is not currently functional, but has potential. 4th bedroom on the main level with separate entry could be secondary living space, room rental, etc. Large, clean basement offers plenty of storage. Off-street parking on the drive W of the house. HVAC new in 2018, WH new in 2017, Refrigerator new in 2020. With a little bit of TLC, this home could make a great income property or primary residence! Sold "as-is."
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2011-10-27historical
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2011-10-25soldstatus $24,000
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2011-07-06$32,000
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2010-06-15historical
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2010-01-11$63,982
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2002-02-13soldstatus $78,059
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast IN · Partial reset (capped growth)
- Current annual tax
- $1,065 · $89/mo
- Projected year-2 tax
- $1,501 · $125/mo
- Expected delta
- +$437/yr (+$36/mo · 41.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥102°F today · 18 d/yr by 30 yrs out
- Wind 2/10 Low 100% chance of damaging wind over 30 yrs
- Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $20,741
- − Mortgage interest
- −$12,772
- − Property taxes
- −$1,065
- − Insurance
- −$1,140
- − Repairs & maintenance
- −$1,659
- − Management
- −$1,659
- − Depreciation
- −$6,633
- Taxable loss
- −$4,187
- Est. tax savings @ 24.0%
- +$1,005
- After-tax cash flow
- $837/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Indianapolis Public Schools
- NCES district ID
- 1804770
- Math proficiency
- 14% ▼ -7.00%
- Reading proficiency
- 20% ▼ -3.00%
- Median HH income
- $32,034
- Composite
- 13.69/100
- National rank
- #9499
- State rank
- #286 of 301 in IN
Livability — Indianapolis city (balance)
No livability data for this city. (Only ~50 U.S. cities are tracked.)
Census & demographics
- Census place
- Indianapolis city (balance), IN
- County
- Marion County · 998,460 people
- City population
- 881,119
- Metro
- Indianapolis-Carmel-Anderson, IN
- Population (ZIP)
- 28,259
- Household income
- $72,417
- Rent vs Own
- Severe rent burden
- 1149.0
Population outlook (Marion County) Hauer SSP2
- Today (2025)
- 1,025,572 people
- By 2030
- 1,065,727 · +3.9%
- By 2040
- 1,141,577 · +11.3%
- By 2050
- 1,208,920 · +17.9%
- By 2075
- 1,367,288 · +33.3%
- By 2100
- 1,438,201 · +40.2%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.64)
- Race & ethnicity
- White 50% Black 32% Two or more races 10% Hispanic / Latino 7% Asian 3%
- Hispanic origin (detail)
- Mexican 4%
- Common ancestry
- Italian 3% Slovak 2% Romanian 2%
- Foreign-born
- 5% · Canada
- Languages at home
- 89% English-only · Spanish 6% Other Indo-European 2% German/W. Germanic 1%
Political lean MEDSL · Marion
- 2024 margin
- Strong D (+27.7) · D 63.0% · R 35.3% · Other 1.7%
- 2008→2024 swing
- -0.7pp no change · 2008: 28.4pp · 2024: 27.7pp
- All cycles
- 2024: D+27.7 2020: D+29.1 2016: D+22.8 2012: D+22.2 2008: D+28.4
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -322.77%
- Current HPI
- 380.5407
- Rent YoY
- ▲ 6.21%
- Metro
- Indianapolis-Carmel-Anderson, IN
- State GDP YoY
- ▲ 2.90%
- F500 in state
- 18
Industry mix (Fortune 500 HQ in IN)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Industrial Machinery | 2 | $37B |
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| Healthcare | 1 | $177B |
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| Pharmaceuticals | 1 | $45B |
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| Metals / Steel | 1 | $18B |
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| Agriculture | 1 | $17B |
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| Packaging | 1 | $12B |
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Price history
+192.1% since first listed18 events — show timeline
- 2026-05-04 Listed $228,000 MIBOR as Distributed by MLS Grid
- 2026-03-31 Listing Removed — MIBOR as Distributed by MLS Grid
- 2026-03-09 Relisted — MIBOR as Distributed by MLS Grid
- 2026-02-14 Pending — MIBOR as Distributed by MLS Grid
- 2026-01-28 Price Changed $250,000 MIBOR as Distributed by MLS Grid
- 2025-10-28 Listed $270,000 MIBOR as Distributed by MLS Grid
- 2024-02-23 Sold (MLS) $152,000 MIBOR as Distributed by MLS Grid
- 2024-01-13 Pending — MIBOR as Distributed by MLS Grid
- 2023-12-15 Relisted — MIBOR as Distributed by MLS Grid
- 2023-12-15 Price Changed $155,000 MIBOR as Distributed by MLS Grid
- 2023-11-23 Pending — MIBOR as Distributed by MLS Grid
- 2023-11-15 Listed $165,000 MIBOR as Distributed by MLS Grid
- 2011-10-27 Listing Removed — MIBOR as Distributed by MLS Grid
- 2011-10-25 Sold (MLS) $24,000 MIBOR as Distributed by MLS Grid
- 2011-07-06 Listed $32,000 MIBOR as Distributed by MLS Grid
- 2010-06-15 Listing Removed — MIBOR as Distributed by MLS Grid
- 2010-01-11 Listed $63,982 MIBOR as Distributed by MLS Grid
- 2002-02-13 Sold (Public Records) $78,059 Public Records
Property tax history
+7.5%/yrLatest (2025): $1,065 · -8.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…