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  • $167,500

    1504 E Southern Ave, Indianapolis, IN 46203

    5beds
    2baths
    --sqft
    Multi Family, Duplex
    Built in 1955
    -- sqft lot
    $167,500 Zestimate®
    $--/sqft
    $1,350 Estimated rent

    Home value

    $167,500

    $159,000 - $176,000

    $1,350/mo

    Zestimate® history
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    $1,350/mo

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    $1,107/mo

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    $1,107/mo

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    What's special

    Spacious fully fenced backyardTile flooring throughout
    Welcome to this duplex featuring a 3-bedroom, 1-bath unit and a 2-bedroom, 1-bath unit, each with its own separate furnace, A/C, and washer/dryer hookups. Vacant and ready for immediate rental. Located within walking distance of the rapidly developing Garfield Park area, near the park, running trails, Red Line rapid transit, Garfield Brewery, restaurants, and more. The property includes 200-amp breaker boxes, tile flooring throughout, and bathrooms with tile shower surrounds. Outside, enjoy a spacious, fully fenced backyard. Conveniently situated just minutes from downtown Indianapolis, Fountain Square, and with easy access to I-65, this duplex offers strong rental appeal in a high-demand location. Rents in the area range from approximately $1,000-$1,300 for a 2-bedroom, 1-bath unit, providing solid income potential. Schedule your showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Javier Espinoza 317-627-3468,

    Realty of America LLC

    Bought with:

    Zachary Gilliam

    Tyler Knows Real Estate LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22082785MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    Heating
    • Electric, Forced Air
    Cooling
    • Central Air
    Features
    • Basement: Partial

    Property

    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 5,227 Square Feet
    Details
    • Parcel number: 491019110081000101
    • Special conditions: As Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Duplex
    Materials
    • Foundation: Block, Crawl Space
    Condition
    • New construction: No
    • Year built: 1955

    Community & HOA

    Community
    • Subdivision: No Subdivision
    Location
    • Region: Indianapolis

    Financial & listing details

    • Tax assessed value: $137,000
    • Annual tax amount: $1,230
    • Date on market: 2/10/2026
    • Cumulative days on market: 15 days

    Price history

    DateEventPrice
    6/9/2026Sold$167,500-6.9%
    Source: MIBOR as distributed by MLS GRID #22082785 Report a problem
    3/5/2026Pending sale$180,000
    Source: MIBOR as distributed by MLS GRID #22082785 Report a problem
    2/28/2026Listed for sale$180,000
    Source: MIBOR as distributed by MLS GRID #22082785 Report a problem
    2/20/2026Pending sale$180,000
    Source: MIBOR as distributed by MLS GRID #22082785 Report a problem
    2/10/2026Listed for sale$180,000+542.9%
    Source: MIBOR as distributed by MLS GRID #22082785 Report a problem
    10/7/2016Sold$28,000
    Source: MIBOR as distributed by MLS GRID #21437014 Report a problem
    9/12/2016Pending sale$28,000
    Source: Keller Williams - Indy Metro South #21437014 Report a problem
    8/18/2016Listed for sale$28,000-33.3%
    Source: Keller Williams Indpls Metro S #21437014 Report a problem
    7/15/2016Listing removed--
    Source: Auction.com Report a problem
    2/26/2016Sold$42,000
    Source: Public Record Report a problem
    2/26/2016Listed for sale--
    Source: Auction.com Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,229 +10.5%$137,000 +14.4%
    2024$1,112 -6.3%$119,800 +3.1%
    2023$1,187 +35.8%$116,200 +3.9%
    2022$874 +23.4%$111,800 +22.6%
    2021$708 +20.3%$91,200 +10.4%
    2020$588 +17.1%$82,600 +9.5%
    2019$502 +13.8%$75,400 +21%
    2018$441 +3.6%$62,300 +8%
    2017$426 -62.9%$57,700 +6.3%
    2016$1,150 +5.7%$54,300 +8%
    2014$1,088 +111.2%$50,300 +25.4%
    2013$515 $40,100 -34.9%
    2012$515 $61,600 +8.3%
    2011-- $56,900
    2010$444 +12%$56,900 +0.5%
    2009$396 $56,600
    Find assessor info on the county website

    Neighborhood: Near Southeast

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $167,500
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $167,500