Welcome to 1245 S Belmont, a well-maintained residential property offering immediate cash flow with a tenant already in place. This home features a functional layout, comfortable living spaces, and consistent rental performance, making it an ideal option for investors looking to add a stabilized property to their portfolio. The property is currently tenant-occupied, providing income from day one. Conveniently located with easy access to local amenities, major roadways, and everyday necessities, this home offers long-term rental appeal in an established neighborhood. Whether you're a seasoned investor or just starting to build your portfolio, 1245 S Belmont presents a solid opportunity with built-in tenancy and minimal upfront effort. Seller will cover %1500 in closing costs. Please do not disturb tenant. Showings by appointment only.
Sold
$100,000
1245 S Belmont Ave, Indianapolis, IN 46221
3beds
1,632sqft
Residential, Single Family Residence
Built in 1920
5,227 Square Feet Lot
$100,600 Zestimate®
$61/sqft
$1,592 Estimated rent
Home value
$100,600
$95,000 - $107,000
$1,592/mo
Zestimate® history
Owner options
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$1,592/mo
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$1,592/mo
Rent Zestimate®
Refinance and save
$503/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$503/mo
Est. payment
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List your homeWhat's special
Comfortable living spacesFunctional layout
Zillow last checked:
Listing updated:
Listed by:
Mark Jones 317-546-3482,
PMI Midwest
Bought with:
Paul Schulte
The Cascade Team Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22078955
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: 100 Square Feet
- Dimensions: 10x10
Kitchen
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Refrigerator, Gas Water Heater
Features
- Basement: Unfinished
Interior area
- Total structure area: 1,632
- Total interior livable area: 1,632 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 491115141013000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Kappes & Naltners Belmont
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $61/sqft
- Tax assessed value: $133,400
- Annual tax amount: $2,776
- Date on market: 1/7/2026
- Cumulative days on market: 92 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Sold | $100,000+0.1%$61/sqft |
Source:  MIBOR as distributed by MLS GRID #22078955 Report a problem | ||
| 4/27/2026 | Pending sale | $99,900$61/sqft |
Source: MIBOR as distributed by MLS GRID #22078955 Report a problem | ||
| 4/23/2026 | Price change | $99,900-4.8%$61/sqft |
Source: MIBOR as distributed by MLS GRID #22078955 Report a problem | ||
| 4/16/2026 | Price change | $104,900-4.5%$64/sqft |
Source: MIBOR as distributed by MLS GRID #22078955 Report a problem | ||
| 3/31/2026 | Price change | $109,900-4.4%$67/sqft |
Source: MIBOR as distributed by MLS GRID #22078955 Report a problem | ||
| 3/29/2026 | Listed for sale | $114,900$70/sqft |
Source: MIBOR as distributed by MLS GRID #22078955 Report a problem | ||
| 3/11/2026 | Pending sale | $114,900$70/sqft |
Source: MIBOR as distributed by MLS GRID #22078955 Report a problem | ||
| 3/4/2026 | Price change | $114,900-4.2%$70/sqft |
Source: MIBOR as distributed by MLS GRID #22078955 Report a problem | ||
| 1/30/2026 | Price change | $119,900-4%$73/sqft |
Source: MIBOR as distributed by MLS GRID #22078955 Report a problem | ||
| 1/7/2026 | Listed for sale | $124,900+28.8%$77/sqft |
Source: MIBOR as distributed by MLS GRID #22078955 Report a problem | ||
| 8/2/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 7/18/2021 | Listed for rent | $899$1/sqft |
Source: Zillow Rental Network Premium #21799911 Report a problem | ||
| 8/6/2020 | Listing removed | $899$1/sqft |
Source: PMI Midwest #21724224 Report a problem | ||
| 7/11/2020 | Listed for rent | $899$1/sqft |
Source: PMI Midwest #21724224 Report a problem | ||
| 7/3/2020 | Sold | $97,000-18.5%$59/sqft |
Source: MIBOR as distributed by MLS GRID #21720588 Report a problem | ||
| 6/29/2020 | Pending sale | $119,000$73/sqft |
Source: Partnered Property Management #21720588 Report a problem | ||
| 6/23/2020 | Listed for sale | $119,000+852%$73/sqft |
Source: Partnered Property Management #21720588 Report a problem | ||
| 11/6/2019 | Sold | $12,500-50%$8/sqft |
Source: MIBOR as distributed by MLS GRID #21663527 Report a problem | ||
| 10/30/2019 | Pending sale | $25,000$15/sqft |
Source: United Real Estate Indpls #21663527 Report a problem | ||
| 9/23/2019 | Price change | $25,000-16.7%$15/sqft |
Source: United Real Estate Indpls #21663527 Report a problem | ||
| 8/25/2019 | Listed for sale | $30,000-21.9%$18/sqft |
Source: United Real Estate Indpls #21663527 Report a problem | ||
| 8/2/2018 | Sold | $38,392$24/sqft |
Source: Public Record Report a problem | ||
| 6/19/2018 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,776 +3.9% | $133,400 +14% |
| 2024 | $2,673 -2.5% | $117,000 +3.8% |
| 2023 | $2,741 +43.3% | $112,700 -2.9% |
| 2022 | $1,912 +35.8% | $116,100 +40% |
| 2021 | $1,408 +18.1% | $82,900 +36.3% |
| 2020 | $1,192 +305.1% | $60,800 +20.4% |
| 2019 | $294 +20.2% | $50,500 +3.3% |
| 2018 | $245 -11.7% | $48,900 +15.6% |
| 2017 | $277 +10.2% | $42,300 -0.2% |
| 2016 | $252 +4.2% | $42,400 -4.9% |
| 2014 | $242 -29.1% | $44,600 -5.5% |
| 2013 | $341 | $47,200 -9.8% |
| 2012 | $341 | $52,300 -1.1% |
| 2011 | -- | $52,900 |
| 2010 | $322 +3.2% | $52,900 -5.9% |
| 2009 | $313 | $56,200 -10.8% |
| 2007 | -- | $63,000 -10.4% |
| 2006 | -- | $70,300 +31.4% |
| 2005 | -- | $53,500 |
| 2004 | -- | $53,500 |
| 2003 | -- | $53,500 +174.4% |
| 2002 | -- | $19,500 +200% |
| 2001 | -- | $6,500 +23.6% |
| 2000 | -- | $5,260 |
Find assessor info on the county website
Neighborhood: West Indianapolis
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Nearby schools
GreatSchools rating
- 3/10Daniel Webster School 46Grades: PK-5Distance: 0.4 mi
- 4/10William Penn School 49Grades: 6-8Distance: 0.3 mi
- 1/10George Washington Community High School (9-12)Grades: 9-12Distance: 1.1 mi
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Estimated market value
$100,600
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Estimated market value
$100,600
- Indiana
- Marion County
- Indianapolis
- 46221
- West Indianapolis
- 1245 S Belmont Ave
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