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  • $430,000

    1148 Olive St, Indianapolis, IN 46203

    4beds
    6baths
    --sqft
    Multi Family, Duplex
    Built in 1931
    -- sqft lot
    $437,300 Zestimate®
    $--/sqft
    $1,471 Estimated rent

    Home value

    $437,300

    $398,000 - $477,000

    $1,471/mo

    Zestimate® history
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    $1,471/mo

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    $2,697/mo

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    $2,697/mo

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    What's special

    Prime turn-key investment opportunity in the heart of Fountain Square! Steps to Indy's most popular restaurants, bars, breweries, and entertainment. Located close to downtown, IU Health, Methodist Hospital, and more, providing the perfect rental opportunities. Purchase as an entire investment, renting both sides for profitability. Or, live in one side, and rent out the other, allowing a majority of the mortgage to be paid by others. Updated thoughtfully throughout, offering 2 bedrooms/2.5 bathrooms per side, with each bedroom being an ensuite with attached, private full bathroom. Additional ample living spaces throughout, with convenient laundry closet and hookups on the main floor, and an unfinished partial basement per side for plenty of storage. Truly the perfect balance of privacy, community, and versatility. Deep yard space with the potential for off-street parking, future garage, or future accessory dwelling unit allow for convenience and potential. Enjoy an HOA-free investment, offering the ability for short-term rentals, long-term rentals, or house-hacking. With Fountain Square fun practically in your backyard, the opportunities and potential are endless!

    Zillow last checked:

    Listing updated:

    Listed by:

    Kristina Musielak 219-689-7576,

    @properties

    Bought with:

    Peter Stewart

    Keller Williams Indpls Metro N

    Source: MIBOR as distributed by MLS GRID,MLS#: 22018912MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 6
    • Main level bathrooms: 4
    Heating
    • Forced Air
    Appliances
    • Laundry: Connections All, Main Level
    Features
    • Basement: Unfinished

    Property

    Parking
    • Parking features: Alley Access
    • Details: Unit Parking(On Street, Other)
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 5,662 Square Feet
    • Features: Access, City Lot, Sidewalks
    Details
    • Parcel number: 491018185009000101

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Duplex
    Materials
    • Aluminum Siding, Wood
    • Foundation: Brick/Mortar
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1931

    Community & HOA

    Community
    • Subdivision: No Subdivision
    Location
    • Region: Indianapolis

    Financial & listing details

    • Tax assessed value: $216,500
    • Annual tax amount: $4,918
    • Date on market: 1/24/2025
    • Cumulative days on market: 68 days

    Price history

    DateEventPrice
    7/18/2025Listing removed$1,750
    Source: Zillow Rentals Report a problem
    7/9/2025Price change$1,750-2.8%
    Source: Zillow Rentals Report a problem
    7/1/2025Price change$1,800-2.7%
    Source: Zillow Rentals Report a problem
    6/13/2025Listed for rent$1,850
    Source: Zillow Rentals Report a problem
    5/1/2025Sold$430,000-9.5%
    Source: MIBOR as distributed by MLS GRID #22018912 Report a problem
    4/2/2025Pending sale$475,000
    Source: MIBOR as distributed by MLS GRID #22018912 Report a problem
    3/27/2025Price change$475,000-2.9%
    Source: MIBOR as distributed by MLS GRID #22018912 Report a problem
    2/24/2025Price change$489,000-2.2%
    Source: MIBOR as distributed by MLS GRID #22018912 Report a problem
    1/24/2025Listed for sale$499,900+112.7%
    Source: MIBOR as distributed by MLS GRID #22018912 Report a problem
    7/1/2024Sold$235,000-6%
    Source: MIBOR as distributed by MLS GRID #21977985 Report a problem
    5/17/2024Pending sale$250,000
    Source: MIBOR as distributed by MLS GRID #21977985 Report a problem
    5/13/2024Listed for sale$250,000
    Source: MIBOR as distributed by MLS GRID #21977985 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,919 +0%$216,500 +4.4%
    2024$4,917 +5.9%$207,300
    2023$4,644 +29%$207,300 +5.4%
    2022$3,601 +17%$196,700 +26%
    2021$3,078 +106.6%$156,100 +17.5%
    2020$1,490 +9.9%$132,900 +110.6%
    2019$1,356 +18%$63,100 +10.9%
    2018$1,149 +5.4%$56,900 +11.4%
    2017$1,090 +6%$51,100 +8%
    2016$1,029 +11.9%$47,300 +11.3%
    2014$919 -3.9%$42,500
    2013$956 $42,500 +0.2%
    2012$956 $42,400 +16.2%
    2011-- $36,500
    2010$764 -2.3%$36,500
    2009$782 $36,500 -8.5%
    2007-- $39,900
    Find assessor info on the county website

    Neighborhood: Fountain Square

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $437,300
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $437,300