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Active
    • Price cut: $25K (7/9)
    $449,999

    227 N Hamilton Ave, Indianapolis, IN 46201

    2beds
    2baths
    --sqft
    : 
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    Multi Family, Duplex
    Built in 2025
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Brand-new all-brick duplexModern finishesDedicated garage bayIn-unit laundryHigh-quality materialsOpen-concept livingGranite countertops
    Exceptional investment opportunity in Downtown Indianapolis! This brand-new, all-brick duplex is professionally built with high-quality materials and modern finishes throughout, featuring two spacious 2-bed, 2-bath units each with its own dedicated garage bay. Tenant-ready interiors include open-concept living, durable LVP flooring, stainless steel appliances, granite countertops, and in-unit laundry. Designed for long-term durability and low-maintenance ownership, the property supports market rents of approximately $1,750 per unit, delivering strong projected returns with minimal effort. Prime location near downtown amenities, job centers, dining, entertainment, and major highways ensures consistent rental demand and excellent portfolio stability. Ideal for 1031 buyers and out-of-state investors seeking a high-quality new construction asset with strong cash-flow and appreciation potential in a rapidly developing area.
    257 days
    |
    77
    |
    4
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Nicole Crouch 317-514-7959,

    Crossroads Realty, LLC,

    Matthew Crouch

    Source: MIBOR as distributed by MLS GRID,MLS#: 22070516MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      Heating
      • Electric
      Cooling
      • Central Air
      Appliances
      • Laundry: Laundry Room
      Features
      • Has basement: No

      Property

      Parking
      • Total spaces: 1
      • Parking features: Garage
      • Garage spaces: 1
      • Details: Unit Parking(1 Car Garage, 1 Car Space)
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Smart Lock(s)
      Lot
      • Size: 5,227 Square Feet
      Details
      • Parcel number: 491006106024000101

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Duplex
      Materials
      • Brick
      Condition
      • New Construction
      • New construction: Yes
      • Year built: 2025
      Details
      • Builder name: Midwest Home Constru

      Community & HOA

      Community
      • Subdivision: Johnson & Hogshire
      Location
      • Region: Indianapolis

      Financial & listing details

      • Tax assessed value: $9,900
      • Annual tax amount: $234
      • Date on market: 10/28/2025
      • Cumulative days on market: 259 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/9/2026Price change$449,999-5.3%
        Source: MIBOR as distributed by MLS GRID #22070516 Report a problem
        6/8/2026Price change$475,000-4.8%
        Source: MIBOR as distributed by MLS GRID #22070516 Report a problem
        12/9/2025Listing removed$1,750
        Source: Zillow Rentals Report a problem
        10/28/2025Listed for sale$499,000+668.9%
        Source: MIBOR as distributed by MLS GRID #22070516 Report a problem
        9/4/2025Listed for rent$1,750
        Source: Zillow Rentals Report a problem
        7/16/2024Listing removed--
        Source: MIBOR as distributed by MLS GRID #21957148 Report a problem
        12/18/2023Listed for sale$64,900
        Source: MIBOR as distributed by MLS GRID #21957148 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$235 -14.4%$9,900
        2024$275 -0.2%$9,900
        2023$275 -6.3%$9,900
        2022$294 +451.4%$9,900
        2021$53 -1.9%$9,900 +330.4%
        2020$54 -0.9%$2,300
        2019$55 -46%$2,300
        2018$101 +36.3%$2,300
        2017$74 +46.9%$2,300
        2016$51 +1.9%$2,300
        2014$50 -3.6%$2,300
        2013$52 $2,300
        2012$52 $2,300 -75.3%
        2011-- $9,300
        2010$193 -2.5%$9,300
        2009$198 $9,300
        2007-- $9,300
        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.
        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.
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        Climate risks

        Neighborhood: Near Eastside

        Getting around

        57 / 100
        Somewhat Walkable
        41 / 100
        Some Transit
        72 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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