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.
Active
Price cut: $4K (8/28)
$225,000
1201 Wade St, Indianapolis, IN 46203
3beds
2baths
--sqft
Multi Family, Duplex
Built in 1929
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Fenced yard accessPrivate living space
- 85 days
- 183
- 25
Zillow last checked:
Listing updated:
Listed by:
Tasheana Hanza tasheana@hanzarealty.com,
Hanza Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22114118
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: 79 days
- Tenant pays: All Utilities, Insurance
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Listed for sale | $225,000 |
Source: | ||
| 9/23/2026 | Pending sale | $225,000 |
Source: | ||
| 8/28/2026 | Price change | $225,000-1.7% |
Source: | ||
| 8/20/2026 | Price change | $229,000-4.2% |
Source: | ||
| 7/14/2026 | Listed for sale | $239,000-9.8% |
Source: | ||
| 3/3/2025 | Listing removed | $950 |
Source: Zillow Rentals Report a problem | ||
| 1/28/2025 | Price change | $950-5% |
Source: Zillow Rentals Report a problem | ||
| 12/30/2024 | Listed for rent | $1,000+2.6% |
Source: Zillow Rentals Report a problem | ||
| 7/24/2024 | Listing removed | $265,000-3.6% |
Source: | ||
| 7/15/2024 | Listed for sale | $275,000-8.3% |
Source: | ||
| 2/19/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/18/2024 | Price change | $975-7.1% |
Source: Zillow Rentals Report a problem | ||
| 1/15/2024 | Listed for rent | $1,050-4.5% |
Source: Zillow Rentals Report a problem | ||
| 12/27/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/6/2023 | Listed for rent | $1,100+12.8% |
Source: Zillow Rentals Report a problem | ||
| 12/6/2023 | Listing removed | -- |
Source: | ||
| 9/27/2023 | Listed for sale | $300,000+39.5% |
Source: | ||
| 2/28/2023 | Sold | $215,000+4.9% |
Source: | ||
| 2/2/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/30/2023 | Pending sale | $204,900 |
Source: | ||
| 1/26/2023 | Listed for sale | $204,900+104.9% |
Source: | ||
| 1/19/2023 | Price change | $975-7.1% |
Source: Zillow Rentals Report a problem | ||
| 1/13/2023 | Listed for rent | $1,050-12.5% |
Source: Zillow Rentals Report a problem | ||
| 11/16/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/27/2022 | Listed for rent | $1,200 |
Source: Zillow Rental Manager Report a problem | ||
| 6/28/2022 | Sold | $100,000+66.7% |
Source: | ||
| 10/23/2020 | Sold | $60,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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






