Welcome to 1805 Southeastern Ave, a turnkey duplex offering an exceptional investment opportunity in the heart of Indianapolis! This income-producing property is already generating strong cash flow, with both units currently rented for $1,500 per month, bringing the total monthly rental income to $3,000 ($36,000 annually). Each unit is separately metered, helping keep operating expenses low, and both units feature in-unit washer and dryer hookups for added convenience. Recent improvements include two new furnaces and two new A/C units, providing peace of mind for years to come. Whether you're looking to add a stable, cash-flowing asset to your portfolio or secure a well-maintained multifamily investment in a growing area, this property is a fantastic opportunity. Conveniently located just minutes from downtown Indianapolis, 1805 Southeastern Ave is ready to start producing income from day one. Don't miss your chance to own this exceptional investment property!
Active
Price cut: $9.1K (6/5)
$289,900
1805 Southeastern Ave, Indianapolis, IN 46201
4beds
4baths
--sqft
Multi Family, Duplex
Built in 1910
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Two new furnaces
- 159 days |
- 334 |
- 36 |
Zillow last checked:
Listing updated:
Listed by:
Justin Wade 317-358-7049,
BLK Key Realty
Source: MIBOR as distributed by MLS GRID,MLS#: 22089555
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Connections All, In Basement
Features
- Basement: Unfinished
Property
Parking
- Parking features: Alley Access, Concrete
- Details: Unit Parking(On Street, Parking Lot)
Features
- Levels: Multi/Split
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 4,791 Square Feet
Details
- Additional structures: Storage
- Parcel number: 491007205100000101
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Brick
Condition
- New construction: No
- Year built: 1910
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: State Square
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $233,600
- Annual tax amount: $4,088
- Date on market: 3/17/2026
- Cumulative days on market: 160 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Price change | $289,900-3% |
Source:  MIBOR as distributed by MLS GRID #22089555 Report a problem | ||
| 4/22/2026 | Price change | $299,000-9.4% |
Source: MIBOR as distributed by MLS GRID #22089555 Report a problem | ||
| 4/8/2026 | Price change | $330,000-5.7% |
Source: MIBOR as distributed by MLS GRID #22089555 Report a problem | ||
| 3/17/2026 | Listed for sale | $350,000+48.9% |
Source: MIBOR as distributed by MLS GRID #22089555 Report a problem | ||
| 11/18/2022 | Listed for rent | $1,250+28.2% |
Source: Zillow Rental Manager Report a problem | ||
| 9/7/2022 | Sold | $235,000+7.3% |
Source: Public Record Report a problem | ||
| 5/30/2022 | Pending sale | $219,000 |
Source: MIBOR as distributed by MLS GRID #21858539 Report a problem | ||
| 5/27/2022 | Listed for sale | $219,000+18.4% |
Source: MIBOR as distributed by MLS GRID #21858539 Report a problem | ||
| 5/19/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/7/2022 | Price change | $975-4.9% |
Source: Zillow Rental Network Premium Report a problem | ||
| 4/20/2022 | Price change | $1,025-6.8% |
Source: Zillow Rental Network Premium Report a problem | ||
| 4/12/2022 | Price change | $1,100-4.3% |
Source: Zillow Rental Network Premium Report a problem | ||
| 4/6/2022 | Listed for rent | $1,150+70.4% |
Source: Zillow Rental Network Premium Report a problem | ||
| 12/17/2021 | Sold | $185,000+12.2% |
Source: MIBOR as distributed by MLS GRID #21822942 Report a problem | ||
| 11/11/2021 | Pending sale | $164,900 |
Source: MIBOR as distributed by MLS GRID #21822942 Report a problem | ||
| 11/9/2021 | Listed for sale | $164,900+999.3% |
Source: MIBOR as distributed by MLS GRID #21822942 Report a problem | ||
| 5/26/2018 | Listing removed | $675 |
Source: Zillow Rental Manager Report a problem | ||
| 5/2/2018 | Listed for rent | $675 |
Source: Zillow Rental Manager Report a problem | ||
| 7/23/2008 | Sold | $15,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,088 +5.5% | $233,600 -3.2% |
| 2024 | $3,874 +93.3% | $241,400 +3.3% |
| 2023 | $2,004 -20.5% | $233,800 +74.7% |
| 2022 | $2,519 +8.4% | $133,800 +22.5% |
| 2021 | $2,325 +58.8% | $109,200 +8.8% |
| 2020 | $1,464 +6.7% | $100,400 +61.9% |
| 2019 | $1,372 -28.1% | $62,000 +7.6% |
| 2018 | $1,908 +50.4% | $57,600 +3.2% |
| 2017 | $1,269 +6.7% | $55,800 +1.1% |
| 2016 | $1,189 +1.9% | $55,200 +2.2% |
| 2014 | $1,168 -3.5% | $54,000 |
| 2013 | $1,210 | $54,000 +0.6% |
| 2012 | $1,210 | $53,700 +32.9% |
| 2011 | -- | $40,400 |
| 2010 | $845 -2.4% | $40,400 |
| 2009 | $865 | $40,400 +11.9% |
| 2007 | -- | $36,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Christian Park
Nearby schools
GreatSchools rating
- 4/10Thomas D. Gregg School 15Grades: PK-5Distance: 0.9 mi
- 5/10HW Longfellow Med/STEM Magnet MidlGrades: 6-8Distance: 0.5 mi
- 2/10Arsenal Technical High SchoolGrades: 9-12Distance: 0.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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