Turnkey Duplex - Fully Leased, $1,850/Month Income! Fantastic investment opportunity in Indianapolis! This 1-bedroom, 1-bathroom per side duplex with a full basement is fully occupied and generating $1,850/month in rental income. Each unit is on a current lease, providing stability and cash flow from day one. Convenient Location: Close to downtown Indy, shopping, dining, and major highways. This duplex is surrounded by remodeled and new construction homes giving it great future potential. Investor Friendly: With tenants already in place, this is a true turnkey rental. a list price of $179,900, this property comfortably meets the 1% rule, making it a great buy-and-hold investment. Bonus: The neighboring property at 228 N Tacoma Ave, a similar duplex, is also available. Would prefer to sell both as a package, giving you the opportunity to own two side-by-side income-producing properties.
Sold
$140,000
224 N Tacoma Ave, Indianapolis, IN 46201
2beds
2baths
--sqft
Multi Family, Duplex
Built in 1945
-- sqft lot
$140,900 Zestimate®
$--/sqft
$811 Estimated rent
Home value
$140,900
$132,000 - $151,000
$811/mo
Zestimate® history
Owner options
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$811/mo
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$811/mo
Rent Zestimate®
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$925/mo
Est. payment
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$925/mo
Est. payment
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Full basement
Zillow last checked:
Listing updated:
Listed by:
rolonda lolla 317-701-8023,
Austyn Avenue Real Estate
Bought with:
Gloria Gear
Keller Williams Indy Metro S
Ethan Price
Keller Williams Indy Metro S
Source: MIBOR as distributed by MLS GRID,MLS#: 22062126
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s)
Features
- Basement: Unfinished
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 5,227 Square Feet
- Features: Not In Subdivision, Sidewalks, Street Lights
Details
- Parcel number: 491005209065000101
- Special conditions: None,As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Materials
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1945
Community & HOA
Community
- Subdivision: No Subdivision
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $129,900
- Annual tax amount: $3,456
- Date on market: 3/24/2026
- Cumulative days on market: 182 days
- Tenant pays: Security, All Utilities, Cable TV, Electricity, Gas, Insurance, Grounds Care, Sewer, Trash Collection, Water
Price history
| Date | Event | Price |
|---|---|---|
| 4/16/2026 | Sold | $140,000-20% |
Source:  MIBOR as distributed by MLS GRID #22062126 Report a problem | ||
| 3/24/2026 | Pending sale | $174,900 |
Source: MIBOR as distributed by MLS GRID #22062126 Report a problem | ||
| 3/10/2026 | Listing removed | $174,900 |
Source: MIBOR as distributed by MLS GRID #22062126 Report a problem | ||
| 12/8/2025 | Price change | $174,900-2.8% |
Source: MIBOR as distributed by MLS GRID #22062126 Report a problem | ||
| 9/11/2025 | Listed for sale | $179,900-10.1% |
Source: MIBOR as distributed by MLS GRID #22062126 Report a problem | ||
| 5/14/2025 | Listing removed | $200,000 |
Source: MIBOR as distributed by MLS GRID #22006734 Report a problem | ||
| 11/13/2024 | Listed for sale | $200,000+167% |
Source: MIBOR as distributed by MLS GRID #22006734 Report a problem | ||
| 1/1/2016 | Listing removed | $74,900 |
Source: RE/MAX Centerstone #21366825 Report a problem | ||
| 7/23/2015 | Listed for sale | $74,900 |
Source: RE/MAX Centerstone #21366825 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,455 +10.6% | $129,900 -10.8% |
| 2024 | $3,124 +7.1% | $145,600 +10.6% |
| 2023 | $2,916 +37.1% | $131,700 +6.6% |
| 2022 | $2,127 -1.2% | $123,500 +33.9% |
| 2021 | $2,154 +23.6% | $92,200 -0.9% |
| 2020 | $1,742 +1.3% | $93,000 +26% |
| 2019 | $1,720 +693.1% | $73,800 +2.2% |
| 2018 | $217 -34% | $72,200 +902.8% |
| 2017 | $328 +125.9% | $7,200 +5.9% |
| 2016 | $145 +3.4% | $6,800 +4.6% |
| 2014 | $141 +54.4% | $6,500 |
| 2013 | $91 | $6,500 +6.6% |
| 2012 | -- | $6,100 -33% |
| 2011 | -- | $9,100 |
| 2010 | $194 -2% | $9,100 |
| 2009 | $198 | $9,100 +12.3% |
| 2007 | -- | $8,100 |
Find assessor info on the county website
Neighborhood: Near Eastside
Nearby homes
- $139,7003 bd-- ba1.3k sqft222 N Tacoma Ave, Indianapolis, IN 46201Off Market
- $140,0002 bd2 ba-- sqft228 N Tacoma Ave, Indianapolis, IN 46201Sold
- $1,1003 bd1 ba1.2k sqft228 N Tacoma Ave UNIT A, Indianapolis, IN 46201For Rent
- $1,7004 bd2 ba1.4k sqft218 N Tacoma Ave, Indianapolis, IN 46201For Rent
- $329,4004 bd4 ba2.3k sqft234 N Tacoma Ave, Indianapolis, IN 46201Off Market
- $6,300-- bd-- ba-- sqft214 N Tacoma Ave, Indianapolis, IN 46201Off Market
- $88,4001 bd-- ba1.1k sqft225 N Tacoma Ave, Indianapolis, IN 46201Off Market
- $292,5003 bd2 ba1.4k sqft238 N Tacoma Ave, Indianapolis, IN 46201Sold
Nearby schools
GreatSchools rating
- 7/10Center for Inquiry School 2Grades: K-5Distance: 1.7 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 2.3 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value
$140,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$140,900
- Indiana
- Marion County
- Indianapolis
- 46201
- Near Eastside
- 224 N Tacoma Ave
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