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  • $294,000

    1903 Patton Dr, Indianapolis, IN 46224

    4beds
    2baths
    --sqft
    Multi Family, Duplex
    Built in 1951
    -- sqft lot
    $294,900 Zestimate®
    $--/sqft
    $1,480 Estimated rent

    Home value

    $294,900

    $280,000 - $310,000

    $1,480/mo

    Zestimate® history
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    What's special

    Turnkey Speedway Duplex - Investor's Dream in a Prime Location Don't miss this fantastic investment opportunity in one of the most desirable pockets of Speedway! This full brick, low-maintenance duplex (complete with gutter guards) offers the kind of durability and curb appeal investors love - minimal upkeep means more time focusing on your bottom line. One side has been recently refreshed with new laminate flooring and fresh paint, making it move-in ready for a new tenant or owner-occupant looking to house-hack. The other side offers great bones and upside potential for the next owner to add value. Each unit comes with its own dedicated space in the 2-car detached garage, complete with separate doors - a huge tenant perk that supports strong retention and premium rents. With a potential combined rental income of $2,400/month, this property offers a compelling cap rate in a location known for steady demand, thanks to its proximity to the Speedway community, employment centers, and everyday conveniences. Whether you're growing your rental portfolio or starting your investment journey, this brick duplex checks all the boxes: location, low maintenance, tenant-friendly features, and immediate income potential. Schedule your showing today - properties like this in Speedway don't last long!

    Zillow last checked:

    Listing updated:

    Listed by:

    Craig Deboor 317-445-0351,

    Real Broker, LLC

    Bought with:

    Modeste Muhire

    Keller Williams Indy Metro Partners

    Source: MIBOR as distributed by MLS GRID,MLS#: 22114082MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Features
    • Has basement: Yes

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Gutter Guards
    Lot
    • Size: 0.28 Acres
    Details
    • Parcel number: 490536110002000914

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Duplex
    • Attached to another structure: Yes
    Materials
    • Roof: Fiberglass
    Condition
    • New construction: No
    • Year built: 1951

    Community & HOA

    Community
    • Subdivision: Bakers Walnut Grove
    Location
    • Region: Indianapolis

    Financial & listing details

    • Tax assessed value: $186,300
    • Annual tax amount: $4,642
    • Date on market: 7/20/2026
    • Cumulative days on market: 13 days
    • Road surface type: See Remarks

    Price history

    DateEventPrice
    9/9/2026Sold$294,000-2%
    Source: MIBOR as distributed by MLS GRID #22114082 Report a problem
    8/1/2026Pending sale$300,000
    Source: MIBOR as distributed by MLS GRID #22114082 Report a problem
    7/20/2026Listed for sale$300,000
    Source: MIBOR as distributed by MLS GRID #22114082 Report a problem
    12/9/2015Listing removed$775
    Source: Carpenter, REALTORS #21390248 Report a problem
    12/8/2015Listed for rent$775
    Source: Carpenter, REALTORS #21390248 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,621 +8%$186,300 +1.9%
    2024$4,277 +2%$182,800 +7.7%
    2023$4,193 +41.3%$169,700 +2%
    2022$2,967 +16.2%$166,400 +41.1%
    2021$2,553 +3.5%$117,900 +14.9%
    2020$2,466 +9.1%$102,600 +3.6%
    2019$2,260 -0.4%$99,000 +9.8%
    2018$2,269 +10.9%$90,200 -1%
    2017$2,046 -1%$91,100 +10%
    2016$2,066 +11.7%$82,800 +9.7%
    2014$1,849 +88.7%$75,500 -2.5%
    2013$980 $77,400 -2.3%
    2012$980 $79,200 +1.3%
    2011-- $78,200 -3%
    2010$897 +22.3%$80,600
    2009$734 $80,600 -5.5%
    2007-- $85,300
    Find assessor info on the county website

    Neighborhood: 46224

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Middle: Speedway Junior High School
    • High: Speedway Senior High School

    Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $294,900
    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
    $294,900