Investor Alert! Rare opportunity in Bates Hendricks, just a 5 minute walk to the heart of Fountain Square. This duplex comes with a third possible unit, small separate free standing house in rear, with it's own electric and gas metering. The rear structure needs a top to bottom full renovation, but has a separate address. Duplex units could do better with cosmetic updates, but are fully functional, units are boarded while vacant, all utilities are on and working in the duplex units. Duplex units have separate gas, water, and electrical meters per side, tenants pay all. Duplex units have updated furnaces and water heaters. This is a home run, great opportunity for multi-unit investment. Duplex units most recent rents were approx. $1,000 per side.
Sold
$152,500
1552 Shelby St, Indianapolis, IN 46203
3beds
2baths
--sqft
Multi Family, Triplex, Duplex
Built in 1912
-- sqft lot
$208,300 Zestimate®
$--/sqft
$1,392 Estimated rent
Home value
$208,300
$171,000 - $248,000
$1,392/mo
Zestimate® history
Owner options
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$1,392/mo
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$1,392/mo
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$1,008/mo
Est. payment
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$1,008/mo
Est. payment
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Updated furnaces
Zillow last checked:
Listing updated:
Listed by:
Samuel Barron 317-357-4639,
Barron Property Services,
Angela Johnson
Bought with:
Alexander Foley
Liz Foley Real Estate, Inc.
Source: MIBOR as distributed by MLS GRID,MLS#: 22032161
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Laundry: Connections Some
Features
- Basement: Unfinished
Property
Parking
- Parking features: Alley Access
Features
- Levels: One and One Half
- Stories: 1
Lot
- Size: 6,098 Square Feet
Details
- Parcel number: 491113150014000101
- Special conditions: None,As Is,Broker Owned
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Triplex, Duplex
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1912
Community & HOA
Community
- Subdivision: Bates
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $170,900
- Annual tax amount: $3,076
- Date on market: 5/22/2025
- Cumulative days on market: 5 days
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2025 | Sold | $152,500-9.2% |
Source:  MIBOR as distributed by MLS GRID #22032161 Report a problem | ||
| 5/27/2025 | Pending sale | $168,000 |
Source: MIBOR as distributed by MLS GRID #22032161 Report a problem | ||
| 5/22/2025 | Listed for sale | $168,000+124% |
Source: MIBOR as distributed by MLS GRID #22032161 Report a problem | ||
| 12/4/2024 | Sold | $75,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,084 +32.1% | $170,900 -0.7% |
| 2024 | $3,091 +0.5% | $172,100 +32.1% |
| 2023 | $3,076 +5.9% | $130,300 |
| 2022 | $2,904 +9.2% | $130,300 +3.5% |
| 2021 | $2,661 +38% | $125,900 +9.6% |
| 2020 | $1,929 +9.4% | $114,900 +40.6% |
| 2019 | $1,763 +15.8% | $81,700 +10.4% |
| 2018 | $1,523 +7.5% | $74,000 +7.7% |
| 2017 | $1,416 +16.9% | $68,700 +9% |
| 2016 | $1,211 +4.5% | $63,000 +17.5% |
| 2014 | $1,159 -7% | $53,600 |
| 2013 | $1,246 | $53,600 -3.1% |
| 2012 | $1,246 | $55,300 +32.6% |
| 2011 | -- | $41,700 |
| 2010 | $872 -2.4% | $41,700 |
| 2009 | $893 | $41,700 +11.5% |
| 2007 | -- | $37,400 |
Find assessor info on the county website
Neighborhood: Near Southside
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Nearby schools
GreatSchools rating
- 3/10James A. Garfield School 31Grades: PK-5Distance: 0.7 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 3.8 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.1 mi
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Estimated market value
$208,300
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
$208,300
- Indiana
- Marion County
- Indianapolis
- 46203
- Near Southside
- 1552 Shelby St
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