Investor's Dream Studio Near the City – Perfect for Airbnb or Traveling Nurses!
Discover this charming studio, ideally located close to the city's vibrant core. Whether you're looking to expand your investment portfolio or searching for the perfect rental property, this studio offers the flexibility to be upgraded and transformed into a highly desirable rental space. Its strategic location makes it ideal for traveling nurses, short-term professionals, or Airbnb guests seeking convenience and comfort.
Key features include a bright living area, a functional kitchen space, and ample natural light throughout. The home’s proximity to local hospitals, major roadways, and city attractions enhances its rental appeal. A prime opportunity to invest in a property with strong potential for high returns. Don't miss out on this exceptional find!
This duplex features two studio-style units, each with 448 sq. ft. of open-concept living space
(896 sq. ft. total). Located in the accessible Seiberts Pleasant Run neighborhood, this property combines vintage charm with $68,000+ in recent updates, including a new roof, exterior siding, modernized electrical, drywall, furnace, PEX plumbing and more.
This is an excellent opportunity for investors or owner-occupants looking to add value with finishing touches. Don’t miss out on this high-potential property in a prime Indianapolis location!
Property Highlights:
• Type: Duplex with studio-style units (currently vacant)
• Unit Sizes: Each unit is approximately 448 sq. ft., totaling 896 sq. ft.
• Recent Upgrades: New roof, exterior siding and paint, electrical, drywall, furnace and coil,
updated kitchens, remodeled bathrooms with new fixtures, water heater, and PEX plumbing
• Location: Seiberts Pleasant Run neighborhood, Indianapolis
• Interior Features: Open-concept studio layout, all new drywall, carpets, flooring, cabinets,
countertops, interior/exterior paint, toilet, sinks, etc
• Exterior: Concrete block foundation, vinyl/aluminum siding, brand new asphalt roof (2023)
• Lot Size: 3,746 sq. ft.
• Year Built: 1920
• Proximity: Easy access to I-65, parks, restaurants, and shopping areas
Sold for $85,000
$85,000
1742 Laurel St, Indianapolis, IN 46203
1beds
896sqft
MultiFamily
Built in 1920
-- sqft lot
$115,200 Zestimate®
$95/sqft
$1,059 Estimated rent
Home value
$115,200
$93,000 - $139,000
$1,059/mo
Zestimate® history
Owner options
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$427/mo
Est. payment
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$427/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Other, Electric
Features
- Flooring: Carpet, Laminate
Interior area
- Total interior livable area: 896 sqft
Property
Lot
- Size: 3,746 Square Feet
Details
- Parcel number: 491018221005000101
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Foundation: Crawl/Raised
- Roof: Asphalt
Condition
- Year built: 1920
Community & HOA
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $95/sqft
- Tax assessed value: $81,200
- Annual tax amount: $1,637
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2025 | Listing removed | $144,900$162/sqft |
Source: | ||
| 12/16/2025 | Listed for sale | $144,900+30.7%$162/sqft |
Source: | ||
| 6/30/2025 | Listing removed | $110,900$124/sqft |
Source: | ||
| 6/20/2025 | Price change | $110,900-3.5%$124/sqft |
Source: | ||
| 6/10/2025 | Price change | $114,900-0.1%$128/sqft |
Source: | ||
| 5/21/2025 | Listed for sale | $115,000+35.3%$128/sqft |
Source: | ||
| 5/20/2025 | Sold | $85,000-22.7%$95/sqft |
Source: Public Record Report a problem | ||
| 3/25/2025 | Price change | $110,000-8.3%$123/sqft |
Source: | ||
| 3/14/2025 | Price change | $120,000-25%$134/sqft |
Source: | ||
| 3/4/2025 | Listed for sale | $160,000-2.4%$179/sqft |
Source: | ||
| 2/25/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/10/2024 | Listed for sale | $164,000$183/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,637 +88.6% | $81,200 +17.7% |
| 2024 | $868 -16.4% | $69,000 +88.5% |
| 2023 | $1,039 +32.4% | $36,600 -16.8% |
| 2022 | $784 +3.3% | $44,000 +29.4% |
| 2021 | $760 -4.8% | $34,000 +3.7% |
| 2020 | $798 +8.1% | $32,800 -3% |
| 2019 | $739 +12.5% | $33,800 +9% |
| 2018 | $656 +4.1% | $31,000 +5.4% |
| 2017 | $630 +11.8% | $29,400 +7.3% |
| 2016 | $564 +13.4% | $27,400 +19.1% |
| 2014 | $497 -4.5% | $23,000 |
| 2013 | $521 | $23,000 |
| 2012 | $521 | $23,000 +25% |
| 2011 | -- | $18,400 |
| 2010 | $388 -2.2% | $18,400 |
| 2009 | $396 | $18,400 -6.6% |
| 2007 | -- | $19,700 |
Find assessor info on the county website
Neighborhood: Near Southeast
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Nearby schools
GreatSchools rating
- 2/10Frederick Douglass School 19Grades: PK-5Distance: 0.5 mi
- 4/10Edison School of the Arts 47Grades: K-8Distance: 2.3 mi
- 2/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.2 mi
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Estimated market value
$115,200
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
$115,200
- Indiana
- Marion County
- Indianapolis
- 46203
- Near Southeast
- 1742 Laurel St