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  • $299,999

    1338 S Talbott St, Indianapolis, IN 46225

    2beds
    1baths
    --sqft
    : 
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    Multi Family, Duplex
    Built in 1940
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Garage parkingPractical layoutsIn-unit laundryPrivate outdoor areasFinished lower-level living spaceHardwood flooring
    Opportunities like this don't come along often. Whether you're looking to grow your investment portfolio or purchase a property that helps offset your monthly mortgage, this fully occupied duplex offers flexibility, dependable income, and room for future growth in a location that continues to see strong demand. Situated just minutes from downtown Indianapolis, Eli Lilly, Lucas Oil Stadium, Fountain Square, and many of the city's top restaurants, entertainment venues, and major employers, the location makes it an attractive option for both tenants and future owners. Built as a true duplex, the property was designed to provide privacy between units while offering practical layouts that continue to appeal to renters. Each unit has its own HVAC system and separate utility meters, allowing tenants to pay their own gas, electric, internet, cable, and other individual utilities. Owner responsibilities are limited to property taxes, insurance, property management, and routine maintenance, making day-to-day ownership simple and predictable. Inside, you'll find features that help set this property apart, including finished lower-level living space, in-unit laundry, hardwood flooring, private outdoor areas, and garage parking. These amenities contribute to long-term tenant satisfaction while helping the property remain competitive in today's rental market. For buyers looking to add value over time, there is also the opportunity to make thoughtful improvements that could increase both rental income and overall property value. Combined with the continued investment and redevelopment taking place throughout the surrounding area, this property offers more than just immediate cash flow-it provides the potential for long-term appreciation as well. Convenient access to major highways, downtown employers, sporting events, parks, and everyday amenities only adds to the property's appeal. Whether you're a seasoned investor searching for your next addition or someone interested in
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    Zillow last checked:

    Listing updated:

    Listed by:

    Maurice Brown 317-797-7672,

    Berkshire Hathaway Home

    Source: MIBOR as distributed by MLS GRID,MLS#: 22102103MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      Heating
      • Natural Gas
      Cooling
      • Separate Meters
      Appliances
      • Laundry: In Basement
      Features
      • Has basement: Yes

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached
      • Garage spaces: 2
      • Details: Unit Parking(2 Car Garage)
      Lot
      • Size: 4,791 Square Feet
      Details
      • Parcel number: 491113146115000101

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Duplex
      Condition
      • New construction: No
      • Year built: 1940

      Community & HOA

      Community
      • Subdivision: Mc Cartys Subdivision
      Location
      • Region: Indianapolis

      Financial & listing details

      • Tax assessed value: $220,500
      • Annual tax amount: $5,556
      • Date on market: 7/6/2026
      • Cumulative days on market: 6 days
      • Tenant pays: All Utilities, Cable TV, Electricity, Insurance
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/6/2026Listed for sale$299,999+9.1%
        Source: MIBOR as distributed by MLS GRID #22102103 Report a problem
        9/20/2024Listing removed$999
        Source: Zillow Rentals Report a problem
        12/15/2023Listing removed--
        Source: Zillow Rentals Report a problem
        11/7/2023Price change$999-9.2%
        Source: Zillow Rentals Report a problem
        11/2/2023Listed for rent$1,100-4.3%
        Source: Zillow Rentals Report a problem
        9/21/2023Listing removed--
        Source: Zillow Rentals Report a problem
        9/6/2023Price change$1,150-4.1%
        Source: Zillow Rentals Report a problem
        8/23/2023Price change$1,199-4.1%
        Source: Zillow Rentals Report a problem
        7/20/2023Price change$1,250-7.4%
        Source: Zillow Rentals Report a problem
        7/6/2023Price change$1,350-3.6%
        Source: Zillow Rentals Report a problem
        6/20/2023Price change$1,400-6.7%
        Source: Zillow Rentals Report a problem
        5/25/2023Listed for rent$1,500-11.7%
        Source: Zillow Rentals Report a problem
        12/2/2022Sold$275,000-4.8%
        Source: MIBOR as distributed by MLS GRID #21890121 Report a problem
        11/2/2022Pending sale$289,000
        Source: MIBOR as distributed by MLS GRID #21890121 Report a problem
        10/25/2022Listed for sale$289,000+295.9%
        Source: MIBOR as distributed by MLS GRID #21890121 Report a problem
        2/23/2021Listing removed--
        Source: Owner Report a problem
        4/25/2020Listing removed$1,699
        Source: Owner Report a problem
        4/24/2020Price change$1,699+6.2%
        Source: Owner Report a problem
        3/28/2020Price change$1,600+8.5%
        Source: Owner Report a problem
        1/2/2020Listed for rent$1,475
        Source: Owner Report a problem
        3/2/2018Sold$73,000+1046.7%
        Source: Public Record Report a problem
        10/12/2010Sold$6,366-8.4%
        Source: Public Record Report a problem
        6/10/2010Listed for sale$6,950-34.9%
        Source: NO COMPANY PROVIDED #2949105 Report a problem
        1/7/2009Sold$10,676
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,555 +4.9%$220,500 -5.8%
        2024$5,297 +166.4%$234,100 +4.8%
        2023$1,988 +24%$223,300 +165.2%
        2022$1,603 +9.9%$84,200 +21.2%
        2021$1,459 +28.5%$69,500 +10.3%
        2020$1,136 +0.8%$63,000 +31%
        2019$1,127 +14.4%$48,100 +1.7%
        2018$985 +3.7%$47,300 +5.3%
        2017$950 +7%$44,900 +6.7%
        2016$888 +6.1%$42,100 +8.8%
        2014$837 +3%$38,700 +7.2%
        2013$813 $36,100 +0.3%
        2012$813 $36,000 +1.4%
        2011-- $35,500
        2010$770 -1.8%$35,500
        2009$784 $35,500 -5.6%
        2007-- $37,600

        Find assessor info on the county website

        Monthly payment

        Est. payment

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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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Near Southside

        Getting around

        51 / 100
        Somewhat Walkable
        34 / 100
        Some Transit
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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