Investor opportunity with immediate income and strong value-add potential! This side-by-side duplex features two spacious units, each with a private basement. Unit 213 offers 3 bedrooms and 1.5 bathrooms, while Unit 215 includes 3 bedrooms and 1 bathroom. The property also features a covered front porch and a spacious backyard. Conveniently located less than 3 miles from Downtown Indianapolis, the property provides easy access to employment centers, dining, entertainment, and major highways. Both units are tenant-occupied, with one tenant in place since 2022 and the other since 2023, generating a combined monthly rental income of $1,625. Current rents are below market rates, presenting an excellent opportunity for future rental increases and enhanced cash flow. Whether you're looking to expand your portfolio or add a value-add asset, this duplex offers outstanding investment potential.
Sold
Zestimate®
$149,000
213 N Gray St, Indianapolis, IN 46201
6beds
3,213sqft
Residential, Single Family Residence
Built in 1915
5,227 Square Feet Lot
$149,000 Zestimate®
$46/sqft
$2,967 Estimated rent
Home value
$149,000
$142,000 - $156,000
$2,967/mo
Zestimate® history
Owner options
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$2,967/mo
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$2,967/mo
Rent Zestimate®
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$967/mo
Est. payment
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$967/mo
Est. payment
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List your homeWhat's special
Private basementCovered front porchTwo spacious unitsSpacious backyard
Zillow last checked:
Listing updated:
Listed by:
Karanjod Cheema 317-657-9985,
Rize Commercial Realty LLC
Bought with:
David G Price
Fathom Realty
Source: MIBOR as distributed by MLS GRID,MLS#: 22114218
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Features: Luxury Vinyl Plank
- Level: Upper
- Dimensions: Not Measured (#213)
Primary bedroom
- Level: Upper
- Dimensions: Not Measured (#215)
Bedroom 2
- Features: Luxury Vinyl Plank
- Level: Upper
- Dimensions: Not Measured (#213)
Bedroom 2
- Level: Upper
- Dimensions: Not Measured (#215)
Bedroom 3
- Features: Luxury Vinyl Plank
- Level: Upper
- Dimensions: Not Measured (#213)
Bedroom 3
- Level: Upper
- Dimensions: Not Measured (#215)
Dining room
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not Measured (#213)
Dining room
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not Measured (#215)
Kitchen
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not Measured (#213)
Kitchen
- Level: Main
- Dimensions: Not Measured (#215)
Laundry
- Features: Other
- Level: Basement
- Dimensions: Not Measured (#213)
Laundry
- Features: Other
- Level: Basement
- Dimensions: Not Measured (#215)
Living room
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not Measured (#213)
Living room
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not Measured (#215)
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Other
Features
- Hardwood Floors
- Flooring: Hardwood
- Has basement: Yes
- Number of fireplaces: 2
- Fireplace features: Living Room
Interior area
- Total structure area: 3,213
- Total interior livable area: 3,213 sqft
- Finished area below ground: 0
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 491005165007000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl With Brick
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $46/sqft
- Tax assessed value: $180,500
- Annual tax amount: $4,386
- Date on market: 7/15/2026
- Cumulative days on market: 5 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/17/2026 | Sold | $149,000-5.1%$46/sqft |
Source:  MIBOR as distributed by MLS GRID #22114218 Report a problem | ||
| 7/21/2026 | Pending sale | $157,000$49/sqft |
Source: MIBOR as distributed by MLS GRID #22114218 Report a problem | ||
| 7/15/2026 | Listed for sale | $157,000+349.9%$49/sqft |
Source: MIBOR as distributed by MLS GRID #22114218 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/6/2019 | Listing removed | $650 |
Source: Owner Report a problem | ||
| 11/25/2019 | Listed for rent | $650 |
Source: Owner Report a problem | ||
| 10/5/2018 | Listing removed | $650 |
Source: Owner Report a problem | ||
| 9/19/2018 | Listed for rent | $650-3.7% |
Source: Owner Report a problem | ||
| 2/17/2017 | Listing removed | $675 |
Source: Owner Report a problem | ||
| 2/8/2017 | Listed for rent | $675+13.4% |
Source: Owner Report a problem | ||
| 4/8/2014 | Listing removed | $595 |
Source: Axiom Property Management Report a problem | ||
| 12/27/2013 | Listed for rent | $595+1001.9% |
Source: Axiom Property Management Report a problem | ||
| 8/29/2012 | Listing removed | $34,900$11/sqft |
Source: Your Home Company Report a problem | ||
| 7/23/2012 | Listed for sale | $34,900-36.4%$11/sqft |
Source: Your Home Company Report a problem | ||
| 12/14/2011 | Listing removed | $54,900$17/sqft |
Source: Your Home Company Report a problem | ||
| 3/26/2011 | Listing removed | $54 |
Source: Your Home Company Report a problem | ||
| 3/26/2011 | Listed for sale | $54,900$17/sqft |
Source: Your Home Company Report a problem | ||
| 2/24/2011 | Listed for rent | $54 |
Source: Your Home Company Report a problem | ||
| 9/29/2010 | Listing removed | $54,900$17/sqft |
Source: Your Home Company Report a problem | ||
| 5/5/2010 | Listed for sale | $54,900+103.3%$17/sqft |
Source: Your Home Company Report a problem | ||
| 4/7/2008 | Sold | $27,000$8/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,927 +11% | $180,500 +9.1% |
| 2024 | $3,537 -3.3% | $165,500 +11% |
| 2023 | $3,657 +39.2% | $149,100 -3.7% |
| 2022 | $2,628 +92.3% | $154,900 +36% |
| 2021 | $1,366 +6% | $113,900 +93.1% |
| 2020 | $1,289 +4.1% | $59,000 +8.1% |
| 2019 | $1,239 +8% | $54,600 +5% |
| 2018 | $1,147 +5.2% | $52,000 +2% |
| 2017 | $1,090 +14% | $51,000 +9.4% |
| 2016 | $956 +10.5% | $46,600 +16.5% |
| 2014 | $865 -10.4% | $40,000 -7.2% |
| 2013 | $965 | $43,100 +0.7% |
| 2012 | $965 | $42,800 +16.9% |
| 2011 | -- | $36,600 |
| 2010 | $766 -2.3% | $36,600 |
| 2009 | $784 | $36,600 +84.8% |
| 2007 | -- | $19,800 |
Find assessor info on the county website
Neighborhood: Near Eastside
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Nearby schools
GreatSchools rating
- 5/10Ralph Waldo Emerson School 58Grades: PK-5Distance: 1 mi
- 10/10H.L. Harshman Magnet Middle SchoolGrades: 6-8Distance: 1.3 mi
- 2/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$149,000
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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
$149,000
- Indiana
- Marion County
- Indianapolis
- 46201
- Near Eastside
- 213 N Gray St
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