This duplex offers a great opportunity to an investor wanting a solid cash flowing property or a person or family can live in one side and rent out the other side to build equity with a lower payment. Either option is a smart move. The 1924 side is currently rented (mo. to mo.) while the 1926 side is vacant. This property is conveniently located just north of Beech Grove and each side has 2 bedrooms and 1 bath, gas heat and central air, vinyl clad windows, hardwood floors, a fenced rear yard, storage shed for each unit, and low maintenance stone exterior and vinyl soffits for no exterior painting. This one is a fixer upper and needs work to turn it into the gem that will produce cash flow for the new owner. Pay cash for it or use conventional financing and with 20% down it will produce positive cash flow and a 9.67% cap rate. Priced below value to allow for full rehab. Do not bother tenant on right side (1924). Tenants pay all utilities.
Sold
$33,000
1924 Homeridge Dr, Indianapolis, IN 46203
4beds
2baths
--sqft
Multi Family, Duplex
Built in 1969
-- sqft lot
$204,900 Zestimate®
$--/sqft
$1,246 Estimated rent
Home value
$204,900
$178,000 - $229,000
$1,246/mo
Zestimate® history
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$1,246/mo
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$1,246/mo
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$166/mo
Est. payment
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$166/mo
Est. payment
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Central airGas heatFenced rear yardHardwood floorsStorage shedVinyl soffits
Zillow last checked:
Listing updated:
Listed by:
Joe Farley 317-983-4818,
Tomorrow Realty, Inc.,
Jessica Walser,
Tomorrow Realty, Inc.
Bought with:
Julius Clark
@properties
Source: MIBOR as distributed by MLS GRID,MLS#: 21952687
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Cooling
- Has cooling: Yes
Features
- Has basement: No
Property
Parking
- Details: Unit Parking(On Street, Unpaved)
Features
- Levels: One
- Stories: 1
- Fencing: Partial
Lot
- Size: 10,018 Square Feet
- Features: Corner Lot, Curbs, Trees-Small (Under 20 Ft)
Details
- Additional structures: Barn Storage
- Parcel number: 491016102022000101
- Zoning: MULTI FAMILY
- Special conditions: None,As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Materials
- Stone
- Foundation: Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1969
Community & HOA
Community
- Subdivision: Gay La Ridge
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $128,700
- Annual tax amount: $2,254
- Date on market: 11/11/2023
- Cumulative days on market: 6 days
- Tenant pays: All Utilities
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2025 | Sold | $33,000-82.2% |
Source: Public Record Report a problem | ||
| 10/25/2024 | Sold | $185,000+48.1% |
Source: Public Record Report a problem | ||
| 11/29/2023 | Sold | $124,900 |
Source:  MIBOR as distributed by MLS GRID #21952687 Report a problem | ||
| 11/16/2023 | Pending sale | $124,900 |
Source: MIBOR as distributed by MLS GRID #21952687 Report a problem | ||
| 11/11/2023 | Listed for sale | $124,900 |
Source: MIBOR as distributed by MLS GRID #21952687 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,774 +5.4% | $128,700 +10.1% |
| 2024 | $2,631 -8.9% | $116,900 +5.4% |
| 2023 | $2,888 +28.1% | $110,900 -9.3% |
| 2022 | $2,254 +13.3% | $122,300 +25.2% |
| 2021 | $1,990 -1.4% | $97,700 +13.7% |
| 2020 | $2,018 +21.6% | $85,900 +0.5% |
| 2019 | $1,660 +13.2% | $85,500 +22.7% |
| 2018 | $1,467 -2.7% | $69,700 +5.4% |
| 2017 | $1,507 +5.8% | $66,100 -0.9% |
| 2016 | $1,425 -3.2% | $66,700 -2.1% |
| 2014 | $1,472 -1.3% | $68,100 |
| 2013 | $1,492 | $68,100 +2.7% |
| 2012 | $1,492 | $66,300 -2.1% |
| 2011 | -- | $67,700 |
| 2010 | $1,412 -2.4% | $67,700 |
| 2009 | $1,447 | $67,700 -7.5% |
| 2007 | -- | $73,200 +66% |
| 2002 | -- | $44,100 +200% |
| 2001 | -- | $14,700 |
| 2000 | -- | $14,700 |
Find assessor info on the county website
Neighborhood: Near Southeast
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Nearby schools
GreatSchools rating
- 3/10Paul I. Miller School 114Grades: PK-6Distance: 0.4 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 4.4 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 3.5 mi
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Estimated market value
$204,900
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$204,900
- Indiana
- Marion County
- Indianapolis
- 46203
- Near Southeast
- 1924 Homeridge Dr
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