Duplex
17 S Euclid Ave · 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
- 19 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 B- 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).
- Cash flow +30.0/30.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- ARV discount +6.6/15.0
- Rent growth +4.3/5.0
- Livability +2.5/5.0
- Condition / age +2.5/5.0
- Schools +1.4/10.0
- Appreciation +0.0/10.0
$200,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed
Listing remarks MLS
Price has been significantly lowered due to break ins owner is looking to sell as is. Mainly cosmetic damage. Charming & Newly Renovated Duplex Near Downtown Indianapolis! Presenting 17-19 S Euclid Ave, Indianapolis, IN-a captivating and recently renovated duplex offering immediate move-in comfort and strong appeal for both homeowners and investors. Each unit features 4 spacious bedrooms, providing abundant living space and excellent rental potential. The beautifully updated kitchens serve as the heart of each home, showcasing shaker-style cabinets that deliver timeless elegance and practical functionality. These warm, inviting spaces are designed for everyday convenience and culinary creativity. With 2,200 sq ft of total living space on a 4,269 sq ft lot, this two-story property offers a well-balanced layout ideal for relaxation and modern living. An unfinished basement adds valuable storage or future expansion opportunities, while the charming front porch creates a welcoming place to enjoy the outdoors. Originally built in 1921, the home blends classic character with thoughtful contemporary upgrades. Perfect for an owner-occupant or an investor seeking a turn-key duplex, this property delivers a harmonious mix of historic charm, modern updates, and flexible living potential.
Key facts
- Charming front porch
- Modern updates
- Unfinished basement
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2 × 4-bed/2.0-bath units multifamily listed at $200k.
Deal economics
- At list price, monthly cash flow is $1k ($13k/yr) — positive. Per door: $524/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $200k).
- Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
- Cap rate 12.6% 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 B — 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.
- Market conditions: Rents rising fast (+7.3%/yr); 480 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); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,906 units permitted in Marion County in 2024 (621 in 5+ unit buildings).
- At $3,066/mo this rent would consume 75% of the median local household income ($49k/yr) (locally 1906% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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.
- At projected returns (-3.0% appreciation + 7.3% rent growth), your $56k cash investment doubles in ~5 years — after that, you're playing with house money.
Negotiation context
- It's been on market 167 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts since 20y ago; this cycle's ask has dropped $115k (37%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $23k; list at $200k implies a 770% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1921 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 167 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1921 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.53% ✓
- Cap rate
- 12.58%
- Cash-on-cash
- 22.46%
- DSCR
- 2.00
- GRM
- 5.4
CMA / ARV
- ARV (median comp)
- $195,890
- List price
- $200,000
- Delta
- 2.10%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 4 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 50 S Colorado Ave | 0.09mi | 2/2.0 (-1) | 1,400 (+9%) | 2mo | $126,000 | $90 | 65 |
| 54 S Colorado Ave | 0.10mi | 2/2.0 (-1) | 1,400 (+9%) | 14mo | $115,000 | $82 | 55 |
| 4205 English Ave | 0.64mi | 2/2.0 (-1) | 1,200 (-6%) | 1mo | $105,500 | $88 | 46 |
| 507 N Gladstone Ave | 0.44mi | 2/2.0 (-1) | 1,400 (+9%) | 21mo | $130,000 | $93 | 33 |
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 · 7.31% rent growth · sell at horizon
- IRR
- 20.1%
- Equity multiple
- 1.86×
- Total profit
- $48,258
- Equity at exit
- $29,821
- IRR
- 31.1%
- Equity multiple
- 4.40×
- Total profit
- $190,373
- Equity at exit
- $17,292
Cash invested: $56,000 (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 46201
- Home prices YoY
- -33.9%
- Rents YoY
- 7.3%
- Active inventory
- 480
- Price-to-rent
- 10.9×
Monthly cashflow live
- Estimated rent
- $3,066 medium interval (Pro) →
- Mortgage (P&I)
- −$1,049
- Tax from tax record
- −$242 /mo · $2,903/yr
- Insurance
- −$83
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$644
- Net cashflow
- $1,048
Break-even live
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 4 | 2 | $3,066 |
| #1 | 4 | 2 | $1,533 |
| #2 | 4 | 2 | $1,533 |
| Total (2 units) | $3,066 | ||
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
- $50,000
- Closing costs
- $6,000
- 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 |
|---|---|---|---|---|---|---|---|---|
| 21 N Colorado Ave Indianapolis, IN | 3.0 | 1.5 | 1520 | $2,000 | $1.32 | 43d | 1 | 0.10mi |
| 4214 E Washington St Indianapolis, IN | 3.0 | 2.0 | 961 | $1,195 | $1.24 | 7d | 1 | 0.10mi |
| 4114 E Washington St Indianapolis, IN | 2.0 | 1.0 | 909 | $1,100 | $1.21 | 44d | 1 | 0.16mi |
| 25 N Drexel Ave Unit A Indianapolis, IN | 3.0 | 2.0 | 1250 | $1,325 | $1.06 | 43d | 1 | 0.18mi |
| 119 N Grant Ave Indianapolis, IN | 3.0 | 1.0 | 1408 | $1,195 | $0.85 | 43d | 1 | 0.25mi |
| 4831 E Washington St Unit 4 Indianapolis, IN | 2.0 | 2.0 | 1000 | $995 | $0.99 | 23d | 1 | 0.34mi |
| 8 S Bradley Ave Indianapolis, IN | 2.0 | 1.0 | 1300 | $950 | $0.73 | 23d | 1 | 0.38mi |
| 314 N Denny St Indianapolis, IN | 3.0 | 1.0 | 1184 | $975 | $0.82 | 23d | 1 | 0.40mi |
| 33 N Sherman Dr Unit 33 Indianapolis, IN | 3.0 | 1.5 | 1288 | $1,500 | $1.16 | 7d | 1 | 0.43mi |
| 614 N Colorado Ave Indianapolis, IN | 2.0 | 2.0 | 1736 | $1,200 | $0.69 | 23d | 1 | 0.48mi |
| 117 N Riley Ave Indianapolis, IN | 3.0 | 3.0 | 1664 | $1,600 | $0.96 | 19d | 1 | 0.48mi |
| 306 N Riley Ave Indianapolis, IN | 3.0 | 1.0 | 1320 | $1,095 | $0.83 | 17d | 1 | 0.49mi |
| 622 N Linwood Ave Indianapolis, IN | 3.0 | 2.0 | 985 | $1,299 | $1.32 | 43d | 1 | 0.49mi |
| 415 N Dequincy St Indianapolis, IN | 3.0 | 2.0 | 1250 | $1,900 | $1.52 | 14d | 1 | 0.50mi |
| 442 N Denny St Indianapolis, IN | 3.0 | 1.0 | 1140 | $1,045 | $0.92 | 23d | 1 | 0.50mi |
| 3712 E Market St Indianapolis, IN | 3.0 | 1.0 | 1800 | $1,450 | $0.81 | 14d | 1 | 0.52mi |
| 642 N Colorado Ave Indianapolis, IN | 3.0 | 2.0 | 1572 | $1,450 | $0.92 | 43d | 1 | 0.53mi |
| 706 N Bosart Ave Indianapolis, IN | 2.0 | 1.0 | 1000 | $1,070 | $1.07 | 23d | 1 | 0.54mi |
| 447 N Sherman Dr Indianapolis, IN | 3.0 | 1.5 | 1312 | $1,195 | $0.91 | 43d | 1 | 0.57mi |
| 729 N Bosart Ave Indianapolis, IN | 2.0 | 1.0 | 888 | $1,195 | $1.35 | 23d | 1 | 0.59mi |
| 4931 Orion Ave Indianapolis, IN | 2.0 | 1.0 | 1200 | $1,450 | $1.21 | 23d | 1 | 0.60mi |
| 801 N Gladstone Ave Indianapolis, IN | 3.0 | 1.5 | 1776 | $1,225 | $0.69 | 43d | 1 | 0.60mi |
| 83 N Ewing St Unit 83 Indianapolis, IN | 3.0 | 1.0 | 1016 | $1,199 | $1.18 | 43d | 1 | 0.60mi |
| 603 N Sherman Dr Indianapolis, IN | 3.0 | 1.0 | 1250 | $1,300 | $1.04 | 43d | 1 | 0.62mi |
| 4318 Spann Ave Indianapolis, IN | 3.0 | 1.0 | 1411 | $1,200 | $0.85 | 43d | 1 | 0.66mi |
| 628 N Riley Ave Indianapolis, IN | 2.0 | 1.5 | 948 | $1,295 | $1.37 | 23d | 1 | 0.66mi |
| 5010 Brookville Rd Indianapolis, IN | 3.0 | 2.0 | 1656 | $1,350 | $0.82 | 7d | 1 | 0.69mi |
| 508 Emerson Ave Indianapolis, IN | 3.0 | 1.5 | 1094 | $1,150 | $1.05 | 14d | 1 | 0.71mi |
| 508 N Emerson Ave Unit 506 Indianapolis, IN | 2.0 | 1.0 | 950 | $950 | $1.00 | 14d | 1 | 0.71mi |
| 861 N Drexel Ave Indianapolis, IN | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 7d | 1 | 0.71mi |
| 861 N Drexel Ave Unit 863 Indianapolis, IN | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 43d | 1 | 0.71mi |
| 606 N Emerson Ave Indianapolis, IN | 2.0 | 1.5 | 1372 | $2,450 | $1.79 | 23d | 1 | 0.74mi |
| 822 N Bradley Ave Unit 822 Indianapolis, IN | 3.0 | 1.0 | 1100 | $1,200 | $1.09 | 43d | 1 | 0.75mi |
| 5105 E North St Indianapolis, IN | 2.0 | 2.0 | 1180 | $2,250 | $1.91 | 43d | 1 | 0.75mi |
| 37 S Tuxedo St Indianapolis, IN | 3.0 | 1.0 | 950 | $1,150 | $1.21 | 43d | 1 | 0.76mi |
| 953 N Linwood Ave Indianapolis, IN | 2.0 | 1.0 | 960 | $1,325 | $1.38 | 43d | 1 | 0.80mi |
| 5250 E Market St Unit 5252 Indianapolis, IN | 2.0 | 1.0 | 1000 | $1,350 | $1.35 | 14d | 1 | 0.82mi |
| 739 Temperance Ave Indianapolis, IN | 3.0 | 1.0 | 1136 | $1,350 | $1.19 | 43d | 1 | 0.83mi |
| 3906 Hoyt Ave Indianapolis, IN | 2.0 | 1.0 | 912 | $1,250 | $1.37 | 7d | 1 | 0.84mi |
| 28 S Dearborn St Unit A Indianapolis, IN | 3.0 | 1.0 | 1100 | $1,400 | $1.27 | 10d | 1 | 0.90mi |
Listing history 22 events
-
2026-06-02statusdays on market $200,000 Pending 167 DOM
-
2026-06-01days on market $200,000 Active 166 DOM
-
2026-05-31days on market $200,000 Active 165 DOM
-
2026-05-10price $200,000 1315-char remark
Show marketing remark (1315 chars)
Price has been significantly lowered due to break ins owner is looking to sell as is. Mainly cosmetic damage. Charming & Newly Renovated Duplex Near Downtown Indianapolis! Presenting 17-19 S Euclid Ave, Indianapolis, IN-a captivating and recently renovated duplex offering immediate move-in comfort and strong appeal for both homeowners and investors. Each unit features 4 spacious bedrooms, providing abundant living space and excellent rental potential. The beautifully updated kitchens serve as the heart of each home, showcasing shaker-style cabinets that deliver timeless elegance and practical functionality. These warm, inviting spaces are designed for everyday convenience and culinary creativity. With 2,200 sq ft of total living space on a 4,269 sq ft lot, this two-story property offers a well-balanced layout ideal for relaxation and modern living. An unfinished basement adds valuable storage or future expansion opportunities, while the charming front porch creates a welcoming place to enjoy the outdoors. Originally built in 1921, the home blends classic character with thoughtful contemporary upgrades. Perfect for an owner-occupant or an investor seeking a turn-key duplex, this property delivers a harmonious mix of historic charm, modern updates, and flexible living potential.
-
2026-04-01price $225,000 1315-char remark
Show marketing remark (1315 chars)
Price has been significantly lowered due to break ins owner is looking to sell as is. Mainly cosmetic damage. Charming & Newly Renovated Duplex Near Downtown Indianapolis! Presenting 17-19 S Euclid Ave, Indianapolis, IN-a captivating and recently renovated duplex offering immediate move-in comfort and strong appeal for both homeowners and investors. Each unit features 4 spacious bedrooms, providing abundant living space and excellent rental potential. The beautifully updated kitchens serve as the heart of each home, showcasing shaker-style cabinets that deliver timeless elegance and practical functionality. These warm, inviting spaces are designed for everyday convenience and culinary creativity. With 2,200 sq ft of total living space on a 4,269 sq ft lot, this two-story property offers a well-balanced layout ideal for relaxation and modern living. An unfinished basement adds valuable storage or future expansion opportunities, while the charming front porch creates a welcoming place to enjoy the outdoors. Originally built in 1921, the home blends classic character with thoughtful contemporary upgrades. Perfect for an owner-occupant or an investor seeking a turn-key duplex, this property delivers a harmonious mix of historic charm, modern updates, and flexible living potential.
-
2026-03-20price $275,000 1315-char remark
Show marketing remark (1315 chars)
Price has been significantly lowered due to break ins owner is looking to sell as is. Mainly cosmetic damage. Charming & Newly Renovated Duplex Near Downtown Indianapolis! Presenting 17-19 S Euclid Ave, Indianapolis, IN-a captivating and recently renovated duplex offering immediate move-in comfort and strong appeal for both homeowners and investors. Each unit features 4 spacious bedrooms, providing abundant living space and excellent rental potential. The beautifully updated kitchens serve as the heart of each home, showcasing shaker-style cabinets that deliver timeless elegance and practical functionality. These warm, inviting spaces are designed for everyday convenience and culinary creativity. With 2,200 sq ft of total living space on a 4,269 sq ft lot, this two-story property offers a well-balanced layout ideal for relaxation and modern living. An unfinished basement adds valuable storage or future expansion opportunities, while the charming front porch creates a welcoming place to enjoy the outdoors. Originally built in 1921, the home blends classic character with thoughtful contemporary upgrades. Perfect for an owner-occupant or an investor seeking a turn-key duplex, this property delivers a harmonious mix of historic charm, modern updates, and flexible living potential.
-
2026-03-12status Active 1315-char remark
Show marketing remark (1315 chars)
Price has been significantly lowered due to break ins owner is looking to sell as is. Mainly cosmetic damage. Charming & Newly Renovated Duplex Near Downtown Indianapolis! Presenting 17-19 S Euclid Ave, Indianapolis, IN-a captivating and recently renovated duplex offering immediate move-in comfort and strong appeal for both homeowners and investors. Each unit features 4 spacious bedrooms, providing abundant living space and excellent rental potential. The beautifully updated kitchens serve as the heart of each home, showcasing shaker-style cabinets that deliver timeless elegance and practical functionality. These warm, inviting spaces are designed for everyday convenience and culinary creativity. With 2,200 sq ft of total living space on a 4,269 sq ft lot, this two-story property offers a well-balanced layout ideal for relaxation and modern living. An unfinished basement adds valuable storage or future expansion opportunities, while the charming front porch creates a welcoming place to enjoy the outdoors. Originally built in 1921, the home blends classic character with thoughtful contemporary upgrades. Perfect for an owner-occupant or an investor seeking a turn-key duplex, this property delivers a harmonious mix of historic charm, modern updates, and flexible living potential.
-
2026-03-02historical 1315-char remark
Show marketing remark (1315 chars)
Price has been significantly lowered due to break ins owner is looking to sell as is. Mainly cosmetic damage. Charming & Newly Renovated Duplex Near Downtown Indianapolis! Presenting 17-19 S Euclid Ave, Indianapolis, IN-a captivating and recently renovated duplex offering immediate move-in comfort and strong appeal for both homeowners and investors. Each unit features 4 spacious bedrooms, providing abundant living space and excellent rental potential. The beautifully updated kitchens serve as the heart of each home, showcasing shaker-style cabinets that deliver timeless elegance and practical functionality. These warm, inviting spaces are designed for everyday convenience and culinary creativity. With 2,200 sq ft of total living space on a 4,269 sq ft lot, this two-story property offers a well-balanced layout ideal for relaxation and modern living. An unfinished basement adds valuable storage or future expansion opportunities, while the charming front porch creates a welcoming place to enjoy the outdoors. Originally built in 1921, the home blends classic character with thoughtful contemporary upgrades. Perfect for an owner-occupant or an investor seeking a turn-key duplex, this property delivers a harmonious mix of historic charm, modern updates, and flexible living potential.
-
2026-01-25price $299,999 1315-char remark
Show marketing remark (1315 chars)
Price has been significantly lowered due to break ins owner is looking to sell as is. Mainly cosmetic damage. Charming & Newly Renovated Duplex Near Downtown Indianapolis! Presenting 17-19 S Euclid Ave, Indianapolis, IN-a captivating and recently renovated duplex offering immediate move-in comfort and strong appeal for both homeowners and investors. Each unit features 4 spacious bedrooms, providing abundant living space and excellent rental potential. The beautifully updated kitchens serve as the heart of each home, showcasing shaker-style cabinets that deliver timeless elegance and practical functionality. These warm, inviting spaces are designed for everyday convenience and culinary creativity. With 2,200 sq ft of total living space on a 4,269 sq ft lot, this two-story property offers a well-balanced layout ideal for relaxation and modern living. An unfinished basement adds valuable storage or future expansion opportunities, while the charming front porch creates a welcoming place to enjoy the outdoors. Originally built in 1921, the home blends classic character with thoughtful contemporary upgrades. Perfect for an owner-occupant or an investor seeking a turn-key duplex, this property delivers a harmonious mix of historic charm, modern updates, and flexible living potential.
-
2025-12-05$315,000 Active 1315-char remark
Show marketing remark (1315 chars)
Price has been significantly lowered due to break ins owner is looking to sell as is. Mainly cosmetic damage. Charming & Newly Renovated Duplex Near Downtown Indianapolis! Presenting 17-19 S Euclid Ave, Indianapolis, IN-a captivating and recently renovated duplex offering immediate move-in comfort and strong appeal for both homeowners and investors. Each unit features 4 spacious bedrooms, providing abundant living space and excellent rental potential. The beautifully updated kitchens serve as the heart of each home, showcasing shaker-style cabinets that deliver timeless elegance and practical functionality. These warm, inviting spaces are designed for everyday convenience and culinary creativity. With 2,200 sq ft of total living space on a 4,269 sq ft lot, this two-story property offers a well-balanced layout ideal for relaxation and modern living. An unfinished basement adds valuable storage or future expansion opportunities, while the charming front porch creates a welcoming place to enjoy the outdoors. Originally built in 1921, the home blends classic character with thoughtful contemporary upgrades. Perfect for an owner-occupant or an investor seeking a turn-key duplex, this property delivers a harmonious mix of historic charm, modern updates, and flexible living potential.
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2024-02-10historical
-
2023-12-05$307,000 Active
-
2022-12-30soldstatus $23,000
-
2022-12-22soldstatus $15,000
-
2022-12-12soldstatus $15,000 Closed
-
2022-11-07status Pending
-
2022-11-07$50,000 Active
-
2013-11-14historical
-
2013-11-13soldstatus $22,000
-
2013-09-07$27,500
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2006-04-12soldstatus $79,900
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2006-01-23$79,900
ⓘ 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
- $2,903 · $242/mo
- Projected year-2 tax
- $2,903 · $242/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ 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 · 19 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
- $36,792
- − Mortgage interest
- −$11,203
- − Property taxes
- −$2,903
- − Insurance
- −$1,000
- − Repairs & maintenance
- −$2,943
- − Management
- −$2,943
- − Depreciation
- −$5,818
- Taxable income
- $9,981
- Est. tax owed @ 24.0%
- −$2,395
- After-tax cash flow
- $10,182/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)
- 30,335
- Household income
- $49,195
- Rent vs Own
- Severe rent burden
- 1906.0
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 0.63)
- Race & ethnicity
- White 53% Hispanic / Latino 23% Black 18% Two or more races 9%
- Hispanic origin (detail)
- Mexican 14% Puerto Rican 2%
- Common ancestry
- Slovak 2% Lithuanian 2% Italian 1%
- Foreign-born
- 9% · Canada
- Languages at home
- 81% English-only · Spanish 17%
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
- ▼ -192.51%
- Current HPI
- 375.0969
- Rent YoY
- ▲ 7.31%
- 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
+150.3% since first listed19 events — show timeline
- 2026-05-10 Price Changed $200,000 MIBOR as Distributed by MLS Grid
- 2026-04-01 Price Changed $225,000 MIBOR as Distributed by MLS Grid
- 2026-03-20 Price Changed $275,000 MIBOR as Distributed by MLS Grid
- 2026-03-12 Relisted — MIBOR as Distributed by MLS Grid
- 2026-03-02 Listing Removed — MIBOR as Distributed by MLS Grid
- 2026-01-25 Price Changed $299,999 MIBOR as Distributed by MLS Grid
- 2025-12-05 Listed $315,000 MIBOR as Distributed by MLS Grid
- 2024-02-10 Listing Removed — MIBOR as Distributed by MLS Grid
- 2023-12-05 Listed $307,000 MIBOR as Distributed by MLS Grid
- 2022-12-30 Sold (Public Records) $23,000 Public Records
- 2022-12-22 Sold (Public Records) $15,000 Public Records
- 2022-12-12 Sold (MLS) $15,000 MIBOR as Distributed by MLS Grid
- 2022-11-07 Pending — MIBOR as Distributed by MLS Grid
- 2022-11-07 Listed $50,000 MIBOR as Distributed by MLS Grid
- 2013-11-14 Listing Removed — MIBOR as Distributed by MLS Grid
- 2013-11-13 Sold (MLS) $22,000 MIBOR as Distributed by MLS Grid
- 2013-09-07 Listed $27,500 MIBOR as Distributed by MLS Grid
- 2006-04-12 Sold (MLS) $79,900 MIBOR as Distributed by MLS Grid
- 2006-01-23 Listed $79,900 MIBOR as Distributed by MLS Grid
Property tax history
+5.4%/yrLatest (2025): $2,903 · -32.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…