Updated duplex investment opportunity at 102 to 104 S Elder Avenue in Indianapolis. Each unit features 2 bedrooms and 1 full bathroom with functional layouts and modern updates throughout. Both sides are currently occupied by Section 8 tenants, generating strong and reliable income of $1,220 and $1,374 per month. Convenient west side location with easy access to downtown, shopping, and major roadways. Ideal turnkey property for investors seeking steady cash flow and long term potential.
Active
$278,900
102 S Elder Ave, Indianapolis, IN 46222
4beds
2baths
--sqft
:
Get pre-qualified$1,878/mo
Multi Family, Duplex
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Functional layoutsModern updates throughout
- 161 days |
- 255 |
- 18 |
Zillow last checked:
Listing updated:
Listed by:
Cody Friesz 317-443-0442,
Trueblood Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22083029
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Cooling
- Separate Meters
Appliances
- Laundry: No Laundry Facil.
Features
- Has basement: Yes
Property
Parking
- Parking features: Alley Access
- Details: Unit Parking(On Street)
Features
- Levels: Two
- Stories: 2
- Fencing: Fenced,Partial
Lot
- Size: 5,662 Square Feet
- Features: Access, Sidewalks
Details
- Parcel number: 491110103015000101
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Duplex
Materials
- Aluminum Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1920
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Connatys
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $173,200
- Annual tax amount: $3,802
- Date on market: 2/17/2026
- Cumulative days on market: 163 days
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Price change | $278,900-2.1% |
Source:  MIBOR as distributed by MLS GRID #22083029 Report a problem | ||
| 2/17/2026 | Listed for sale | $284,900+78.1% |
Source: MIBOR as distributed by MLS GRID #22083029 Report a problem | ||
| 11/28/2022 | Sold | $160,000+68.4% |
Source: Public Record Report a problem | ||
| 8/23/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/10/2022 | Listed for rent | $795 |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/1/2021 | Listed for rent | $795 |
Source: Zillow Rental Network Premium Report a problem | ||
| 12/28/2020 | Sold | $95,000+53.2% |
Source: MIBOR as distributed by MLS GRID #21754404 Report a problem | ||
| 12/3/2019 | Sold | $62,000+31.9% |
Source: Public Record Report a problem | ||
| 5/23/2017 | Sold | $47,000 |
Source: Public Record Report a problem | ||
| 1/27/2017 | Sold | $47,000-5.8% |
Source: MIBOR as distributed by MLS GRID #21456055 Report a problem | ||
| 1/2/2017 | Pending sale | $49,900 |
Source: Doc Real Estate, Inc #21456055 Report a problem | ||
| 12/8/2016 | Listed for sale | $49,900 |
Source: Doc Real Estate, Inc #21456055 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,802 +17.7% | $173,200 +8.1% |
| 2024 | $3,231 -2.4% | $160,200 +17.6% |
| 2023 | $3,310 +44.1% | $136,200 -2.9% |
| 2022 | $2,298 +166.7% | $140,200 +40.8% |
| 2021 | $861 +2.5% | $99,600 +167.7% |
| 2020 | $840 +2.6% | $37,200 +4.5% |
| 2019 | $820 +52% | $35,600 +3.5% |
| 2018 | $539 -2% | $34,400 +35.4% |
| 2017 | $550 +4.1% | $25,400 +4.1% |
| 2016 | $529 +5.4% | $24,400 +5.2% |
| 2014 | $502 -20.8% | $23,200 -18.3% |
| 2013 | $633 | $28,400 +1.4% |
| 2012 | $633 | $28,000 +12.4% |
| 2011 | -- | $24,900 |
| 2010 | $523 -2.3% | $24,900 |
| 2009 | $535 | $24,900 -21% |
| 2007 | -- | $31,500 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Near Westside
Nearby schools
GreatSchools rating
- 7/10Center for Inquiry School 2Grades: K-5Distance: 2.5 mi
- 4/10William Penn School 49Grades: 6-8Distance: 0.8 mi
- 1/10George Washington Community High School (9-12)Grades: 9-12Distance: 0.2 mi
- $--2 bd1 ba1.1k sqft102 S Elder Ave #102A, Indianapolis, IN 46222Off Market
- $--2 bd1 ba1.2k sqft102 S Elder Ave #104, Indianapolis, IN 46222Off Market
- $129,1003 bd2 ba1.5k sqft106 S Elder Ave, Indianapolis, IN 46222Off Market
- $--2 bd1 ba1.2k sqft104 S Elder Ave #104, Indianapolis, IN 46222Off Market
- $--2 bd1 ba900 sqft104 S Elder Ave, Indianapolis, IN 46222Off Market
- $135,0003 bd2 ba2k sqft110 S Elder Ave, Indianapolis, IN 46222Sold
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A local agent can set up tours, give advice and negotiate with sellers.
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