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  • $425,000

    239 E Caven St, Indianapolis, IN 46225

    --beds
    4baths
    --sqft
    : 
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    Multi Family, Duplex
    Built in 2026
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Dining areaThree bedroomsOpen-concept layoutDedicated laundry room
    Attention investors and house hackers! Ground has just been broken on this brand-new upper/lower duplex in the highly desirable Bates-Hendricks neighborhood, just south of downtown Indianapolis. Each thoughtfully designed unit will feature an open-concept layout with a spacious living room, dining area, and kitchen, along with three bedrooms, two full baths, and a dedicated laundry room-ideal for today's renters. Located in one of Indy's fastest-growing areas, this property offers strong income potential, with projected rents ranging from $1,800 to $2,200 per month per unit. Estimated completion is set for late September, giving you the opportunity to secure a brand-new, low-maintenance asset before it hits the market. Whether you're looking to expand your investment portfolio or take advantage of a house-hacking opportunity by living in one unit and renting the other, this property checks all the boxes. Enjoy walkable access to the continued growth of Bates-Hendricks and just minutes from the dining, nightlife, and energy of nearby Fountain Square.
    81 days
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    111
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    3
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    Zillow last checked:

    Listing updated:

    Listed by:

    Rob Measel 812-208-0498,

    F.C. Tucker Company,

    Eric Lantz 317-914-8296

    Source: MIBOR as distributed by MLS GRID,MLS#: 22098184MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 4
      • Main level bathrooms: 6
      Appliances
      • Laundry: Laundry Room

      Property

      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 3,484 Square Feet
      Details
      • Parcel number: 491113104056005101

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Traditional
      • Property subtype: Multi Family, Duplex
      • Attached to another structure: Yes
      Materials
      • Roof: Asphalt
      Condition
      • New Construction
      • New construction: Yes
      • Year built: 2026

      Community & HOA

      Community
      • Subdivision: Hildebrands
      Location
      • Region: Indianapolis

      Financial & listing details

      • Tax assessed value: $12,000
      • Annual tax amount: $284
      • Date on market: 4/28/2026
      • Cumulative days on market: 83 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        4/28/2026Listed for sale$425,000+2733.3%
        Source: MIBOR as distributed by MLS GRID #22098184 Report a problem
        2/23/2026Sold$15,000-24.6%
        Source: MIBOR as distributed by MLS GRID #22056766 Report a problem
        2/6/2026Pending sale$19,900
        Source: MIBOR as distributed by MLS GRID #22056766 Report a problem
        12/19/2025Price change$19,900-20.1%
        Source: MIBOR as distributed by MLS GRID #22056766 Report a problem
        11/18/2025Price change$24,900-16.7%
        Source: MIBOR as distributed by MLS GRID #22056766 Report a problem
        10/17/2025Price change$29,900-22.3%
        Source: MIBOR as distributed by MLS GRID #22056766 Report a problem
        9/16/2025Price change$38,500-14.3%
        Source: MIBOR as distributed by MLS GRID #22056766 Report a problem
        8/14/2025Listed for sale$44,900
        Source: MIBOR as distributed by MLS GRID #22056766 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$285 -14.5%$12,000
        2024$333 -0.2%$12,000
        2023$334 -6.3%$12,000
        2022$356 +0.2%$12,000
        2021$355 +356.2%$12,000
        2020$78 $12,000 +263.6%
        2019-- $3,300
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Near Southside

        Getting around

        50 / 100
        Somewhat Walkable
        35 / 100
        Some Transit
        54 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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