Built in 2025 and already leased long-term, this modern duplex offers investors the opportunity to add a newer, income-producing asset to their portfolio with tenant income already in place. Designed with long-term rental performance in mind, each unit features 3 bedrooms, 2 full bathrooms, and approximately 1,250 sq. ft. of functional living space. Each unit includes an open-concept kitchen and living area, durable LVP flooring, white cabinetry, granite countertops, stainless steel appliances, generous cabinet storage, and a primary bedroom with en-suite bathroom and walk-in closet. Additional features include separate entrances, separate electric meters, individual exterior HVAC units, in-unit mechanicals, and rear off-street parking. The exterior features durable engineered wood siding designed for long-term performance, and the property includes a 10-year structural warranty provided and backed through 2-10 Home Warranty. With longer-term leases already secured, this property provides investors with added peace of mind and reduced uncertainty compared to a vacant multifamily asset. Existing property management may also remain in place if the buyer would like to continue with the current management setup. Conveniently located near downtown Indianapolis, this duplex is positioned for rental demand, long-term growth, and consistent portfolio performance.
Active
$440,000
2203 Sheldon St, Indianapolis, IN 46218
6beds
4baths
--sqft
Multi Family, Duplex
Built in 2025
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Separate entrancesRear off-street parkingIndividual exterior hvac unitsGranite countertopsStainless steel appliancesGenerous cabinet storageWhite cabinetry
- 54 days |
- 222 |
- 18 |
Zillow last checked:
Listing updated:
Listed by:
Lidia Casimiro Murrieta 317-490-3596,
Keller Williams Indy Metro NE
Source: MIBOR as distributed by MLS GRID,MLS#: 22100873
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Laundry: Connections All, Laundry Room
Features
- Has basement: No
Property
Parking
- Total spaces: 2
- Parking features: Alley Access, Concrete, On Street
- Details: Unit Parking(2 Car Space)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,791 Square Feet
Details
- Parcel number: 490730115104000101
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Multi Family, Duplex
Materials
- Foundation: Slab
Condition
- New Construction
- New construction: No
- Year built: 2025
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Jackson Park
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $5,600
- Annual tax amount: $132
- Date on market: 5/8/2026
- Cumulative days on market: 56 days
- Tenant pays: Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Listed for sale | $440,000+8.6% |
Source: | ||
| 8/19/2025 | Sold | $405,000+1250% |
Source: Public Record Report a problem | ||
| 9/12/2024 | Sold | $30,000-24.8% |
Source: | ||
| 8/5/2024 | Pending sale | $39,900 |
Source: | ||
| 12/18/2023 | Listed for sale | $39,900+1281.6% |
Source: | ||
| 6/27/2006 | Sold | $2,888 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $133 -14.5% | $5,600 |
| 2024 | $155 -0.2% | $5,600 |
| 2023 | $156 -6.3% | $5,600 |
| 2022 | $166 +187% | $5,600 |
| 2021 | $58 -1.9% | $5,600 +124% |
| 2020 | $59 -86.1% | $2,500 |
| 2019 | $425 +285.3% | $2,500 |
| 2018 | $110 +36.3% | $2,500 |
| 2017 | $81 +46.8% | $2,500 |
| 2016 | $55 +1.9% | $2,500 |
| 2014 | $54 -3.6% | $2,500 |
| 2013 | $56 | $2,500 |
| 2012 | $56 | $2,500 -39% |
| 2011 | -- | $4,100 |
| 2010 | $85 -2.5% | $4,100 |
| 2009 | $87 | $4,100 -39.7% |
| 2007 | -- | $6,800 |
| 2002 | -- | $6,800 +200.9% |
| 2001 | -- | $2,260 |
| 2000 | -- | $2,260 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Martindale-Brightwood
Nearby schools
GreatSchools rating
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 0.3 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.5 mi
- 4/10Center for Inquiry School 27Grades: PK-5Distance: 0.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Marion County
- Indianapolis
- 46218
- Martindale-Brightwood
- 2203 Sheldon St




