Income-Producing Duplex Investment Opportunity in Indianapolis! Don't miss your chance to own this income-producing duplex at 214 N Forest Avenue. Featuring two spacious units, each offering 3 bedrooms and 2 full bathrooms, this property is an outstanding opportunity for investors seeking reliable cash flow and long-term value. Both units are currently leased for $1,390 per month, providing immediate and consistent rental income. Each unit features a functional floor plan designed for comfortable living, making this property highly desirable for tenants. Whether you're looking to expand your investment portfolio or add a stable, turnkey rental to your holdings, this duplex offers the opportunity to start generating income from day one. With strong rental history, dependable monthly income, and full occupancy already in place, this is a turnkey investment you won't want to miss. Schedule your showing today!
Active
Price cut: $5K (8/3)
$224,900
214 N Forest Ave, Indianapolis, IN 46201
3beds
2baths
--sqft
Multi Family, Duplex
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Two spacious units
- 60 days
- 284
- 16
Zillow last checked:
Listing updated:
Listed by:
Seth Ragon 812-525-5966,
Your Home Team,
Corina Jones 317-281-7996,
Your Home Team
Source: MIBOR as distributed by MLS GRID,MLS#: 22111463
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Natural Gas
Cooling
- Window Unit(s)
Appliances
- Laundry: Connections All
Features
- Basement: Unfinished
Property
Parking
- Parking features: Attached
- Has attached garage: Yes
- Details: Unit Parking(On Street)
Features
- Levels: One
- Stories: 1
Lot
- Size: 3,484 Square Feet
Details
- Parcel number: 491005152008000101
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1920
Community & HOA
Community
- Subdivision: Clem & Gants
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $84,200
- Annual tax amount: $1,979
- Date on market: 7/1/2026
- Cumulative days on market: 62 days
- Tenant pays: All Utilities
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Price change | $224,900-2.2% |
Source:  MIBOR as distributed by MLS GRID #22111463 Report a problem | ||
| 7/1/2026 | Listed for sale | $229,900+99.9% |
Source: MIBOR as distributed by MLS GRID #22111463 Report a problem | ||
| 5/21/2026 | Listing removed | $1,390 |
Source: Zillow Rentals Report a problem | ||
| 4/30/2026 | Listed for rent | $1,390 |
Source: Zillow Rentals Report a problem | ||
| 3/13/2026 | Sold | $115,000-8% |
Source: MIBOR as distributed by MLS GRID #22071137 Report a problem | ||
| 2/19/2026 | Pending sale | $124,999 |
Source: MIBOR as distributed by MLS GRID #22071137 Report a problem | ||
| 2/16/2026 | Listed for sale | $124,999 |
Source: MIBOR as distributed by MLS GRID #22071137 Report a problem | ||
| 2/5/2026 | Pending sale | $124,999 |
Source: MIBOR as distributed by MLS GRID #22071137 Report a problem | ||
| 1/31/2026 | Price change | $124,999-7.4% |
Source: MIBOR as distributed by MLS GRID #22071137 Report a problem | ||
| 10/31/2025 | Listed for sale | $135,000+1828.6% |
Source: MIBOR as distributed by MLS GRID #22071137 Report a problem | ||
| 10/26/2012 | Sold | $7,000-17.6% |
Source: MIBOR as distributed by MLS GRID #21185817 Report a problem | ||
| 9/14/2012 | Price change | $8,500-14.1% |
Source: Impact Realty Group, LLC #21190225 Report a problem | ||
| 8/7/2012 | Listed for sale | $9,900-85.8% |
Source: Impact Realty Group, LLC #21190225 Report a problem | ||
| 7/9/2012 | Sold | $69,955+487.9% |
Source: Public Record Report a problem | ||
| 7/8/2012 | Listed for sale | $11,900-0.8% |
Source: Impact Realty Group, LLC #21185817 Report a problem | ||
| 1/11/2002 | Sold | $12,000 |
Source: MIBOR as distributed by MLS GRID #2155124 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,231 +10.4% | $84,200 -10.4% |
| 2024 | $2,021 +7% | $94,000 +10.3% |
| 2023 | $1,889 +36% | $85,200 +6.5% |
| 2022 | $1,389 +7.9% | $80,000 +32.9% |
| 2021 | $1,288 +23.4% | $60,200 +8.3% |
| 2020 | $1,043 +0.9% | $55,600 +25.8% |
| 2019 | $1,034 +9.6% | $44,200 +1.8% |
| 2018 | $943 +5.6% | $43,400 +4.8% |
| 2017 | $893 +10.1% | $41,400 +9.5% |
| 2016 | $811 +6.5% | $37,800 +7.4% |
| 2014 | $761 +18.1% | $35,200 |
| 2013 | $644 | $35,200 +23.5% |
| 2012 | $644 | $28,500 +28.4% |
| 2011 | -- | $22,200 |
| 2010 | $467 -2.3% | $22,200 |
| 2009 | $477 | $22,200 +63.2% |
| 2007 | -- | $13,600 |
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: Near Eastside
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