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  • Price cut: $10K (8/20)
    $229,000

    1201 Wade St, Indianapolis, IN 46203

    3beds
    2baths
    --sqft
    : 
    $1,571/mo
    Get pre-qualified
    Multi Family, Duplex
    Built in 1929
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Fenced yard accessPrivate living space
    Excellent investment opportunity just minutes from Garfield Park! This unique property features two completely separate homes on one parcel, each with its own utilities, central A/C, private living space, and fenced yard access. The front home currently rents for $1,255/month and the rear home rents for $1,045/month, providing immediate rental income. Conveniently located near Garfield Park, shopping, restaurants, and public transportation, with easy access to downtown Indianapolis. Please note: The interior photos were taken prior to the current tenants moving in. We chose not to publish photos containing the tenants' personal belongings to respect their privacy. Additional interior photos are available upon request. Property is tenant occupied. Showings will be scheduled after an accepted offer to minimize disruption to the residents. Buyer inspections and walkthroughs will be completed during the due diligence period. Whether you're looking to add to your portfolio or own a property with two standalone rental homes, this is a rare opportunity in an area seeing continued investment and growth.
    37 days
    |
    232
    |
    8
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tasheana Hanza 317-800-4438,

    Hanza Realty, LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22114118MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      Cooling
      • Central Air
      Appliances
      • Laundry: Connections All
      Features
      • Basement: Unfinished

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached
      • Garage spaces: 2
      • Details: Unit Parking(On Street, Other)
      Features
      • Levels: One
      • Stories: 1
      • Fencing: Fenced
      Lot
      • Size: 6,098 Square Feet
      Details
      • Parcel number: 491019112084000101
      • Zoning: Residential
      • Special conditions: As Is

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Duplex
      Condition
      • New construction: No
      • Year built: 1929

      Community & HOA

      Community
      • Subdivision: Julian Etal Spring Gardens South
      Location
      • Region: Indianapolis

      Financial & listing details

      • Tax assessed value: $199,800
      • Annual tax amount: $4,788
      • Date on market: 7/14/2026
      • Cumulative days on market: 40 days
      • Tenant pays: All Utilities, Insurance

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/20/2026Price change$229,000-4.2%
        Source: MIBOR as distributed by MLS GRID #22114118 Report a problem
        7/14/2026Listed for sale$239,000-9.8%
        Source: MIBOR as distributed by MLS GRID #22114118 Report a problem
        3/3/2025Listing removed$950
        Source: Zillow Rentals Report a problem
        1/28/2025Price change$950-5%
        Source: Zillow Rentals Report a problem
        12/30/2024Listed for rent$1,000+2.6%
        Source: Zillow Rentals Report a problem
        7/24/2024Listing removed$265,000-3.6%
        Source: MIBOR as distributed by MLS GRID #21990300 Report a problem
        7/15/2024Listed for sale$275,000-8.3%
        Source: MIBOR as distributed by MLS GRID #21990300 Report a problem
        2/19/2024Listing removed--
        Source: Zillow Rentals Report a problem
        1/18/2024Price change$975-7.1%
        Source: Zillow Rentals Report a problem
        1/15/2024Listed for rent$1,050-4.5%
        Source: Zillow Rentals Report a problem
        12/27/2023Listing removed--
        Source: Zillow Rentals Report a problem
        12/6/2023Listed for rent$1,100+12.8%
        Source: Zillow Rentals Report a problem
        12/6/2023Listing removed--
        Source: MIBOR as distributed by MLS GRID #21945662 Report a problem
        9/27/2023Listed for sale$300,000+39.5%
        Source: MIBOR as distributed by MLS GRID #21945662 Report a problem
        2/28/2023Sold$215,000+4.9%
        Source: MIBOR as distributed by MLS GRID #21903015 Report a problem
        2/2/2023Listing removed--
        Source: Zillow Rentals Report a problem
        1/30/2023Pending sale$204,900
        Source: MIBOR as distributed by MLS GRID #21903015 Report a problem
        1/26/2023Listed for sale$204,900+104.9%
        Source: MIBOR as distributed by MLS GRID #21903015 Report a problem
        1/19/2023Price change$975-7.1%
        Source: Zillow Rentals Report a problem
        1/13/2023Listed for rent$1,050-12.5%
        Source: Zillow Rentals Report a problem
        11/16/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        10/27/2022Listed for rent$1,200
        Source: Zillow Rental Manager Report a problem
        6/28/2022Sold$100,000-25.9%
        Source: MIBOR as distributed by MLS GRID #21849895 Report a problem
        6/3/2022Pending sale$135,000
        Source: MIBOR as distributed by MLS GRID #21849895 Report a problem
        5/16/2022Listed for sale$135,000
        Source: MIBOR as distributed by MLS GRID #21849895 Report a problem
        5/6/2022Pending sale$135,000+125%
        Source: MIBOR as distributed by MLS GRID #21849895 Report a problem
        10/23/2020Sold$60,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,179 +132.1%$199,800 +13.5%
        2024$1,800 +4.9%$176,100 +132%
        2023$1,716 +29.9%$75,900 +4.4%
        2022$1,322 +11.9%$72,700 +26.9%
        2021$1,181 +45.4%$57,300 +12.4%
        2020$812 +28.2%$51,000 +48.3%
        2019$634 +18.4%$34,400 +29.3%
        2018$535 +1.7%$26,600 +12.2%
        2017$526 +4.8%$23,700 +9.2%
        2016$502 +8%$21,700 +0.9%
        2014$465 -27.8%$21,500 +42.4%
        2013$644 $15,100 -45.3%
        2011-- $27,600
        2010$574 $27,600
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Garfield Park

        Getting around

        73 / 100
        Very Walkable
        37 / 100
        Some Transit
        75 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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