Unique Residential or Commercial Opportunity - Active Short-Term Rental Near Downtown Rare opportunity to own a commercially zoned property currently operating as a successful Airbnb just minutes from downtown. This beautifully updated two-bedroom, two-bath space offers a flexible layout featuring a spacious loft and an expansive upper deck with stunning city views. Thoughtfully renovated with modern finishes, the interior boasts open-concept living areas, updated kitchen and baths, and abundant natural light throughout. The large loft provides additional sleeping or lounge space, maximizing guest capacity and rental appeal. The private upper-level deck is a true highlight - perfect for entertaining or relaxing while enjoying panoramic skyline views. Located near downtown with excellent walkability to restaurants, breweries, coffee shops, and entertainment, this property sits in a highly desirable area for both short-term rental guests and business visibility. Easy access to major highways, cultural districts, and local attractions further enhances its value. Ideal for investors seeking immediate income potential, entrepreneurs wanting a live/work concept, or buyers looking for a distinctive commercial space in a prime urban location. A rare blend of location, versatility, and income-producing potential - opportunities like this don't come around often.
Active
$325,000
1041 S East St, Indianapolis, IN 46225
2beds
1,128sqft
Residential, Single Family Residence
Built in 1920
2,178 Square Feet Lot
$-- Zestimate®
$288/sqft
$-- HOA
What's special
- 23 days
- 106
- 8
Zillow last checked:
Listing updated:
Listed by:
Sarah Fishburn sarah.fishburn@talktotucker.com,
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22128781
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Bedroom 2
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 12x14
Dining room
- Level: Main
- Area: 80 Square Feet
- Dimensions: 8x10
Kitchen
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Living room
- Level: Main
- Area: 168 Square Feet
- Dimensions: 12x14
Loft
- Level: Upper
- Area: 280 Square Feet
- Dimensions: 20x14
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Electric Oven, Refrigerator, Water Heater
Features
- High Ceilings, High Speed Internet
- Basement: Unfinished
Interior area
- Total structure area: 1,128
- Total interior livable area: 1,128 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
Lot
- Size: 2,178 Square Feet
Details
- Parcel number: 491112101002000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Bates
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $288/sqft
- Tax assessed value: $180,900
- Annual tax amount: $4,364
- Date on market: 9/29/2026
- Cumulative days on market: 173 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2026 | Listed for sale | $325,000-5.8%$288/sqft |
Source: | ||
| 9/1/2026 | Listing removed | $345,000$306/sqft |
Source: | ||
| 6/29/2026 | Price change | $345,000-1.4%$306/sqft |
Source: | ||
| 4/6/2026 | Listed for sale | $350,000+180%$310/sqft |
Source: | ||
| 12/21/2022 | Sold | $125,000+127.3%$111/sqft |
Source: Public Record Report a problem | ||
| 8/17/2020 | Sold | $55,000-15.4%$49/sqft |
Source: Public Record Report a problem | ||
| 3/17/2020 | Listing removed | $65,000$58/sqft |
Source: Metro 317 Homes Real Estate #21589397 Report a problem | ||
| 3/13/2020 | Pending sale | $65,000+18.2%$58/sqft |
Source: Metro 317 Homes Real Estate #21589397 Report a problem | ||
| 3/6/2020 | Sold | $55,000-15.4%$49/sqft |
Source: | ||
| 3/5/2020 | Price change | $65,000-23.5%$58/sqft |
Source: Metro 317 Homes Real Estate #21589397 Report a problem | ||
| 2/18/2020 | Pending sale | $85,000$75/sqft |
Source: Metro 317 Homes Real Estate #21589397 Report a problem | ||
| 1/20/2020 | Listed for sale | $85,000-29.2%$75/sqft |
Source: Metro 317 Homes Real Estate #21589397 Report a problem | ||
| 7/19/2019 | Price change | $120,000+20%$106/sqft |
Source: Metro 317 Homes Real Estate #21589397 Report a problem | ||
| 6/11/2019 | Listed for sale | $100,000$89/sqft |
Source: Metro 317 Homes Real Estate #21589397 Report a problem | ||
| 6/8/2019 | Pending sale | $100,000$89/sqft |
Source: Metro 317 Homes Real Estate #21589397 Report a problem | ||
| 4/30/2019 | Listed for sale | $100,000$89/sqft |
Source: Metro 317 Homes Real Estate #21589397 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,131 +107.4% | $180,900 +3.9% |
| 2024 | $1,992 +64.5% | $174,100 +107.3% |
| 2023 | $1,211 -4.5% | $84,000 +63.7% |
| 2022 | $1,269 -14.1% | $51,300 -6.7% |
| 2021 | $1,477 +8.5% | $55,000 -13.8% |
| 2020 | $1,362 +7.3% | $63,800 +10.6% |
| 2019 | $1,270 -26.4% | $57,700 +8.3% |
| 2018 | $1,725 -43.7% | $53,300 +0.8% |
| 2017 | $3,064 +174.4% | $52,900 +7.3% |
| 2016 | $1,117 +5.2% | $49,300 +0.4% |
| 2014 | $1,062 -3.7% | $49,100 |
| 2013 | $1,102 | $49,100 -33.6% |
| 2012 | $1,102 | $73,900 +23.4% |
| 2011 | -- | $59,900 |
| 2010 | $1,250 -2.4% | $59,900 |
| 2009 | $1,281 | $59,900 +17.5% |
| 2007 | -- | $51,000 +34.2% |
| 2005 | -- | $38,000 |
| 2004 | -- | $38,000 |
| 2003 | -- | $38,000 +224.8% |
| 2002 | -- | $11,700 |
Find assessor info on the county website
Monthly payment
Est. payment






