Excellent opportunity to add a cash-flowing investment property to your portfolio! This 3-bedroom, 1-bathroom home is tenant-occupied with a long-term lease in place at $1,250 per month through January 31, 2027, providing immediate rental income from day one. The current tenants have been reliable, pay rent consistently, and have been low-maintenance residents, making this a truly turnkey investment for the next owner. In accordance with tenant rights and to respect their quiet enjoyment of the property, showings will be scheduled only after an accepted offer. Please note that the washer, dryer, range, and refrigerator are owned by the tenants and will not convey with the sale. Whether you're an experienced investor looking to expand your portfolio or seeking a stable income-producing property, this home offers an excellent opportunity with an established tenancy already in place.
Active
$130,000
1145 Madeira St, Indianapolis, IN 46203
3beds
1,104sqft
:
Get pre-qualified$909/mo
Residential, Single Family Residence
Built in 1970
4,356 Square Feet Lot
$-- Zestimate®
$118/sqft
$-- HOA
What's special
- 12 days |
- 219 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Ashley Marino 219-973-7094,
Berkshire Hathaway HomeServices
Source: MIBOR as distributed by MLS GRID,MLS#: 22111656
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 108 Square Feet
- Dimensions: 12x9
Bedroom 2
- Level: Main
- Area: 108 Square Feet
- Dimensions: 12x9
Bedroom 3
- Level: Main
- Area: 72 Square Feet
- Dimensions: 9x8
Kitchen
- Level: Main
- Area: 234 Square Feet
- Dimensions: 26x9
Living room
- Level: Main
- Area: 221 Square Feet
- Dimensions: 17x13
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: None, Gas Water Heater
Features
- Attic Access
- Has basement: No
- Attic: Access Only
Interior area
- Total structure area: 1,104
- Total interior livable area: 1,104 sqft
Property
Parking
- Parking features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 4,356 Square Feet
- Features: Sidewalks, Mature Trees
Details
- Parcel number: 491017101124000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Hosbrook Prospect
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $118/sqft
- Tax assessed value: $63,200
- Annual tax amount: $1,396
- Date on market: 7/13/2026
- Cumulative days on market: 16 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/13/2026 | Listed for sale | $130,000+67.7%$118/sqft |
Source:  MIBOR as distributed by MLS GRID #22111656 Report a problem | ||
| 8/9/2022 | Sold | $77,500-3.1%$70/sqft |
Source: MIBOR as distributed by MLS GRID #21865197 Report a problem | ||
| 7/5/2022 | Pending sale | $80,000$72/sqft |
Source: MIBOR as distributed by MLS GRID #21865197 Report a problem | ||
| 7/4/2022 | Listed for sale | $80,000+247.8%$72/sqft |
Source: MIBOR as distributed by MLS GRID #21865197 Report a problem | ||
| 2/23/2013 | Listing removed | $825$1/sqft |
Source: American Rental Property SolutionsLLC Report a problem | ||
| 2/21/2013 | Listed for rent | $825$1/sqft |
Source: HotPads for Rent Report a problem | ||
| 12/13/2012 | Listing removed | $825$1/sqft |
Source: American Rental Property SolutionsLLC Report a problem | ||
| 11/21/2012 | Listed for rent | $825$1/sqft |
Source: American Rental Property SolutionsLLC Report a problem | ||
| 10/4/2011 | Sold | $23,000$21/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,395 -6.3% | $63,200 +7.5% |
| 2024 | $1,490 +12.5% | $58,800 -6.4% |
| 2023 | $1,325 +22.2% | $62,800 +11.9% |
| 2022 | $1,084 +5.5% | $56,100 +19.4% |
| 2021 | $1,028 +36.1% | $47,000 +5.9% |
| 2020 | $755 +14.1% | $44,400 +38.8% |
| 2019 | $662 -28.4% | $32,000 +15.1% |
| 2018 | $925 -27.4% | $27,800 +13.5% |
| 2017 | $1,275 +111.2% | $24,500 +2.9% |
| 2016 | $603 +6.5% | $23,800 -9.2% |
| 2014 | $566 +0.6% | $26,200 |
| 2013 | $563 | $26,200 +2.7% |
| 2012 | $563 | $25,500 -12.1% |
| 2011 | -- | $29,000 |
| 2010 | $600 -2.1% | $29,000 |
| 2009 | $613 | $29,000 -27.9% |
| 2007 | -- | $40,200 -8.6% |
| 2006 | -- | $44,000 +5% |
| 2005 | -- | $41,900 |
| 2004 | -- | $41,900 |
| 2003 | -- | $41,900 +153.9% |
| 2002 | -- | $16,500 +200% |
| 2001 | -- | $5,500 |
| 2000 | -- | $5,500 |
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 Southeast
Nearby schools
GreatSchools rating
- 4/10Christian Park School 82Grades: PK-5Distance: 1.2 mi
- NAThomas Carr Howe Middle School - An IB World SchoolGrades: 6-8Distance: 1.7 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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