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17 S Euclid Ave Duplex
B- Composite 67.25
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

17 S Euclid Ave · Indianapolis city (balance), IN 46201
3 bd · 4.0 ba · 1,280 sqft · MultiFamily public records · 167 Days on market
Built 1921 4,269 sqft lot $156/sqft · 219% above area Est $196k · at est.

🖨 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

UPDATED KITCHENSSHAKER-STYLE CABINETSUNFINISHED BASEMENTCHARMING FRONT PORCHHISTORIC CHARMMODERN UPDATES

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

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.
Recommended offer $176,000 (12.0% below list)

Questions for the listing agent

  1. 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?
  2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  4. Built in 1921 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. 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.
  8. 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.
  9. 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

5-year hold
IRR
20.1%
Equity multiple
1.86×
Total profit
$48,258
Equity at exit
$29,821
10-year hold
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
10-day pay-or-quit; landlord-favorable; preempted.

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

Break-even rent $1,739
Max offer price $200,000
Occupancy floor 61%

2-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
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

AddressBedsBaths SqftRent$/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

  1. 2026-06-02
    statusdays on market $200,000 Pending 167 DOM
  2. 2026-06-01
    days on market $200,000 Active 166 DOM
  3. 2026-05-31
    days on market $200,000 Active 165 DOM
  4. 2026-05-10
    price $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.

  5. 2026-04-01
    price $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.

  6. 2026-03-20
    price $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.

  7. 2026-03-12
    status 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.

  8. 2026-03-02
    historical 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.

  9. 2026-01-25
    price $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.

  10. 2025-12-05
    listed $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.

  11. 2024-02-10
    historical
  12. 2023-12-05
    listed $307,000 Active
  13. 2022-12-30
    soldstatus $23,000
  14. 2022-12-22
    soldstatus $15,000
  15. 2022-12-12
    soldstatus $15,000 Closed
  16. 2022-11-07
    status Pending
  17. 2022-11-07
    listed $50,000 Active
  18. 2013-11-14
    historical
  19. 2013-11-13
    soldstatus $22,000
  20. 2013-09-07
    listed $27,500
  21. 2006-04-12
    soldstatus $79,900
  22. 2006-01-23
    listed $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
combined federal + state — saved on this device
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
48.4% rent · 51.6% 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

Price history

+150.3% since first listed
19 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%/yr

Latest (2025): $2,903 · -32.5% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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