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  • $255,000

    1409 Marlowe Ave, Indianapolis, IN 46201

    3beds
    1baths
    --sqft
    Multi Family, Duplex
    Built in 1986
    -- sqft lot
    $263,600 Zestimate®
    $--/sqft
    $1,383 Estimated rent

    Home value

    $263,600

    $237,000 - $293,000

    $1,383/mo

    Zestimate® history
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    $1,383/mo

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    $1,383/mo

    Rent Zestimate®

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    $1,590/mo

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    $1,590/mo

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    What's special

    Discover an outstanding investment opportunity with this charming duplex located at 1409 and 1411 Marlowe Ave in the heart of Indianapolis. Each side features three spacious bedrooms and one full bathroom, making this property perfect for both seasoned investors and those entering the real estate market. Situated just minutes from downtown Indianapolis, this duplex offers convenient access to the Monon Trail and the vibrant Bottleworks District, known for its shopping, dining, and entertainment. This prime location ensures a strong demand for rentals and great potential for appreciation in value. The open floor plans of both units create a welcoming atmosphere, enhanced by large windows that fill the spaces with natural light. Modern kitchens are equipped with ample counter space and essential appliances, perfect for culinary pursuits. Each unit's three well-sized bedrooms provide comfortable living spaces, while the conveniently located full bathrooms serve essential needs. With separate entrances and utilities, privacy and functionality are maximized for each unit. Investors will find significant potential for passive income, given the growing demand for rental properties in the 46201 zip code. Recent comparable properties highlight strong rental rates, making this duplex an attractive prospect for diversifying any investment portfolio. Don't miss this unique opportunity to own a duplex in a sought-after Indianapolis location. This property is ideal for anyone looking to embark on or expand their real estate journey. Explore the possibilities that 1409 and 1411 Marlowe Ave have to offer! Major renovation has already started on the 1411 Marlowe side. Many materials are there including kitchen cabinets, all bathroom vanities, new Anderson windows, front doors, back door, and HVAC duct work.

    Zillow last checked:

    Listing updated:

    Listed by:

    Joshua Vida 574-361-3933,

    Paradigm Realty Solutions

    Bought with:

    Cory Robinson

    CityPlace Realty

    Source: MIBOR as distributed by MLS GRID,MLS#: 22005202MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    Cooling
    • Has cooling: Yes
    Features
    • Has basement: Yes

    Property

    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 4,356 Square Feet
    Details
    • Parcel number: 491006161029000101
    • Special conditions: As Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Victorian
    • Property subtype: Multi Family, Duplex
    Materials
    • Vinyl Siding
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1986

    Community & HOA

    Community
    • Subdivision: Arsenal Park
    Location
    • Region: Indianapolis

    Financial & listing details

    • Tax assessed value: $278,100
    • Annual tax amount: $3,340
    • Date on market: 10/4/2024
    • Cumulative days on market: 565 days

    Price history

    DateEventPrice
    3/13/2026Listing removed$1,749
    Source: Zillow Rentals Report a problem
    2/26/2026Price change$1,749-7.7%
    Source: Zillow Rentals Report a problem
    2/5/2026Price change$1,895-5%
    Source: Zillow Rentals Report a problem
    12/9/2025Listed for rent$1,995
    Source: Zillow Rentals Report a problem
    12/9/2024Sold$255,000-8.6%
    Source: MIBOR as distributed by MLS GRID #22005202 Report a problem
    11/21/2024Pending sale$279,000
    Source: MIBOR as distributed by MLS GRID #22005202 Report a problem
    10/4/2024Listed for sale$279,000
    Source: MIBOR as distributed by MLS GRID #22005202 Report a problem
    10/2/2024Listing removed$279,000
    Source: MIBOR as distributed by MLS GRID #22004356 Report a problem
    9/30/2024Listed for sale$279,000-3.5%
    Source: MIBOR as distributed by MLS GRID #22004356 Report a problem
    8/9/2024Listing removed--
    Source: MIBOR as distributed by MLS GRID #21943406 Report a problem
    5/1/2024Price change$289,000-3.3%
    Source: MIBOR as distributed by MLS GRID #21943406 Report a problem
    2/2/2024Listed for sale$299,000
    Source: MIBOR as distributed by MLS GRID #21943406 Report a problem
    12/22/2023Pending sale$299,000
    Source: MIBOR as distributed by MLS GRID #21943406 Report a problem
    11/20/2023Price change$299,000-6.3%
    Source: MIBOR as distributed by MLS GRID #21943406 Report a problem
    10/20/2023Price change$319,000-11.1%
    Source: MIBOR as distributed by MLS GRID #21943864 Report a problem
    9/16/2023Listed for sale$359,000+30.5%
    Source: MIBOR as distributed by MLS GRID #21943406 Report a problem
    10/5/2021Sold$275,000-16.7%
    Source: MIBOR as distributed by MLS GRID #21811189 Report a problem
    9/7/2021Pending sale$330,000
    Source: MIBOR as distributed by MLS GRID #21811189 Report a problem
    9/3/2021Listed for sale$330,000
    Source: MIBOR as distributed by MLS GRID #21811189 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,341 +0.7%$278,100 -0.7%
    2024$3,318 -0.7%$280,000
    2023$3,341 +102.5%$280,000
    2022$1,650 -30.7%$280,000 +92%
    2021$2,381 +5.7%$145,800 +41.8%
    2020$2,252 +37%$102,800 +7.8%
    2019$1,644 +14.7%$95,400 +38.3%
    2018$1,433 -1%$69,000 +7%
    2017$1,447 +4.5%$64,500
    2016$1,385 +4%$64,500 +4.7%
    2014$1,332 -13%$61,600
    2013$1,530 $61,600 -33%
    2012$1,530 $91,900 +17.2%
    2011-- $78,400
    2010$1,635 -2.4%$78,400
    2009$1,675 $78,400 -8.1%
    2007-- $85,300
    Find assessor info on the county website

    Neighborhood: Near Eastside

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $263,600
    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
    $263,600