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Pending
  • $300,000

    1903 Patton Dr, Indianapolis, IN 46224

    4beds
    2baths
    --sqft
    : 
    $2,081/mo
    Get pre-qualified
    Multi Family, Duplex
    Built in 1951
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    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!
    46 days
    46
    4

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Craig Deboor 317-445-0351,

    Real Broker, LLC

    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: 47 days
      • Road surface type: See Remarks

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        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

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 46224

        Getting around

        59 / 100
        Somewhat Walkable
        32 / 100
        Some Transit
        66 / 100
        Bikeable

        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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