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.
Active
Price cut: $25K (7/9)
$449,999
227 N Hamilton Ave, Indianapolis, IN 46201
2beds
2baths
--sqft
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
- 305 days
- 61
- 5
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#: 22070516
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: 307 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Price change | $449,999-5.3% |
Source: | ||
| 6/8/2026 | Price change | $475,000-4.8% |
Source: | ||
| 12/9/2025 | Listing removed | $1,750 |
Source: Zillow Rentals Report a problem | ||
| 10/28/2025 | Listed for sale | $499,000+668.9% |
Source: | ||
| 9/4/2025 | Listed for rent | $1,750 |
Source: Zillow Rentals Report a problem | ||
| 7/16/2024 | Listing removed | -- |
Source: | ||
| 12/18/2023 | Listed for sale | $64,900 |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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




