Exceptional investment opportunity in the heart of Fountain Square: An updated duplex that promises both immediate income, instant equity and long-term appreciation. This property is not just a building; it's a gateway to the thriving urban lifestyle, ideally situated near iconic Indianapolis landmarks (.4 mile to Fountain Square, 1.2 mile to Gainbridge Fieldhouse, and 1.4 mile to Lucas Oil Stadium). With recent upgrades including New Siding (2025), complete Kitchen and Bathroom remodel on one side (2025), & newer HVAC, this duplex is move-in ready. The meticulously updated short term rental side (1204) with main floor bedroom and 1.5 baths, offers a new loft with a robust income stream. The other side (1206) provides potential for updates, and has a long term tenant for $1100 per month. An appraisal in August 2025 values the property at $340,000 confirming its significant value. Whether your buyer is looking to house hack, needs a turn-key rental, or wants a strategic addition to their portfolio, this property delivers. All furniture in unit 1204 is negotiable. PLEASE DO NOT DISTURB OCCUPANTS. Tenant rights. Agent related to seller.
Sold
$330,500
1204-1206 Hoyt Ave, Indianapolis, IN 46203
2beds
3baths
--sqft
Multi Family, Duplex
Built in 1870
-- sqft lot
$332,100 Zestimate®
$--/sqft
$2,072 Estimated rent
Home value
$332,100
$309,000 - $359,000
$2,072/mo
Zestimate® history
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$2,086/mo
Est. payment
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$2,086/mo
Est. payment
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New loftMain floor bedroom
Zillow last checked:
Listing updated:
Listed by:
Sarah Jane Johnson 602-332-8916,
F.C. Tucker Company
Bought with:
Craig Deboor
Real Broker, LLC
Sarah Graves
Real Broker, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22067683
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Main level bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Wall Unit(s), Other, Window Unit(s)
Appliances
- Laundry: Laundry Closet, Main Level
Features
- Basement: Storage Space,Unfinished
Property
Parking
- Total spaces: 2
- Parking features: Alley Access, Assigned, Gravel
- Details: Unit Parking(2 Car Space, Unpaved)
Features
- Levels: One and One Half
- Stories: 1
- Fencing: Fenced,Partial,Front Yard
Lot
- Size: 3,920 Square Feet
- Features: Access, Curbs, Sidewalks, Storm Sewer, Mature Trees
Details
- Additional structures: Storage
- Parcel number: 491007155175000101
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter, Brick/Mortar, Crawl Space
- Roof: Asphalt
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1870
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Smoke Detector(s), Varies By Unit
- Subdivision: Spann & Cos 1st Woodlawn Add
Location
- Region: Indianapolis
Financial & listing details
- Annual tax amount: $1,464
- Date on market: 10/13/2025
- Cumulative days on market: 10 days
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 11/19/2025 | Sold | $330,500+1.7% |
Source:  MIBOR as distributed by MLS GRID #22067683 Report a problem | ||
| 10/23/2025 | Pending sale | $325,000 |
Source: MIBOR as distributed by MLS GRID #22067683 Report a problem | ||
| 10/13/2025 | Listed for sale | $325,000 |
Source: MIBOR as distributed by MLS GRID #22067683 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Fountain Square
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Nearby schools
GreatSchools rating
- 6/10William McKinley School 39Grades: PK-5Distance: 0.4 mi
- 5/10HW Longfellow Med/STEM Magnet MidlGrades: 6-8Distance: 0.2 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: William McKinley School 39
- Middle: HW Longfellow Med/STEM Magnet Midl
- High: Arsenal Technical High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$332,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$332,100
- Indiana
- Marion County
- Indianapolis
- 46203
- Fountain Square
- 1204-1206 Hoyt Ave
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