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  • $147,000

    2502 Columbia Ave, Indianapolis, IN 46205

    4beds
    2baths
    --sqft
    Multi Family, Duplex
    Built in 1921
    -- sqft lot
    $177,000 Zestimate®
    $--/sqft
    $1,402 Estimated rent

    Home value

    $177,000

    $154,000 - $202,000

    $1,402/mo

    Zestimate® history
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    $1,402/mo

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    $1,402/mo

    Rent Zestimate®

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    $961/mo

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    $961/mo

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    What's special

    Welcome to your premier turnkey investment opportunity nestled in the vibrant Martindale-Brightwood neighborhood of Indianapolis! This ranch-style duplex is a gem awaiting your savvy touch. Strategically positioned adjacent to the ever-popular Monon Trail, convenience and growth are at your doorstep. This central location boasts a flurry of development activity, ensuring sustained value appreciation. Just a brief 10-minute drive from downtown, accessibility is unmatched. The allure of the Monon Trail and the adjacent Monon 30 development adds a unique charm, promising an active and dynamic lifestyle for tenants. Each unit mirrors the other, boasting 2 bedrooms and 1 bathroom each, spanning a cozy 574 square feet, these units are designed for optimal functionality and comfort. One unit stands vacant, recently turned over and prepped for immediate occupancy, while the other is currently leased at $1000 per month under Section 8, on a month-to-month basis. Utilities are separately metered. Professionally managed by PMI Midwest, peace of mind comes standard with this investment. With a potential gross income of $2000, this property significantly surpasses the coveted 1% rule, ensuring robust returns on your investment. For the astute house hacker, the vacant unit presents an enticing opportunity to offset a substantial portion of the mortgage with rental income from the occupied side, maximizing your investment potential. Seize this opportunity to capitalize on the thriving Indianapolis real estate market and schedule your viewing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Peter Stewart 317-450-9202,

    Keller Williams Indpls Metro N

    Bought with:

    Mark Jones

    PMI Midwest

    Source: MIBOR as distributed by MLS GRID,MLS#: 21972109MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • None
    Appliances
    • Laundry: Connections All
    Features
    • Has basement: Yes

    Property

    Parking
    • Details: Unit Parking(On Street)
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 5,662 Square Feet
    • Features: Sidewalks
    Details
    • Parcel number: 490730123011000101

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Bungalow
    • Property subtype: Multi Family, Duplex
    • Attached to another structure: Yes
    Materials
    • Vinyl Siding
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1921

    Community & HOA

    Community
    • Security: Smoke Alarm
    • Subdivision: Schofield Harrison
    Location
    • Region: Indianapolis

    Financial & listing details

    • Tax assessed value: $126,400
    • Annual tax amount: $2,468
    • Date on market: 4/23/2024
    • Cumulative days on market: 1 day
    • Tenant pays: All Utilities

    Price history

    DateEventPrice
    11/6/2024Listing removed$799
    Source: Zillow Rentals Report a problem
    10/10/2024Price change$799-5.9%
    Source: Zillow Rentals Report a problem
    10/4/2024Price change$849-5.6%
    Source: Zillow Rentals Report a problem
    9/3/2024Listed for rent$899
    Source: Zillow Rentals Report a problem
    7/2/2024Listing removed--
    Source: Zillow Rentals Report a problem
    6/21/2024Price change$899-10%
    Source: Zillow Rentals Report a problem
    6/12/2024Price change$999-13.1%
    Source: Zillow Rentals Report a problem
    5/20/2024Listed for rent$1,150+58.6%
    Source: Zillow Rentals Report a problem
    5/10/2024Sold$147,000-5.2%
    Source: MIBOR as distributed by MLS GRID #21972109 Report a problem
    4/24/2024Pending sale$155,000
    Source: MIBOR as distributed by MLS GRID #21972109 Report a problem
    4/23/2024Listed for sale$155,000+27%
    Source: MIBOR as distributed by MLS GRID #21972109 Report a problem
    8/30/2021Listing removed--
    Source: Zillow Rental Network Premium Report a problem
    8/16/2021Listed for rent$725+16%
    Source: Zillow Rental Network Premium #21806275 Report a problem
    4/15/2021Sold$122,000-2.4%
    Source: MIBOR as distributed by MLS GRID #21763617 Report a problem
    2/4/2021Pending sale$125,000
    Source: MIBOR as distributed by MLS GRID #21763617 Report a problem
    2/2/2021Listed for sale$125,000+90.8%
    Source: MIBOR as distributed by MLS GRID #21763617 Report a problem
    6/13/2020Listing removed$625
    Source: Triple E Realty, LLC #21656699 Report a problem
    7/25/2019Listed for rent$625+4.2%
    Source: Triple E Realty, LLC #21656699 Report a problem
    8/26/2018Listing removed$600
    Source: Triple E Realty, LLC #21573006 Report a problem
    6/9/2018Listed for rent$600
    Source: Triple E Realty, LLC #21573006 Report a problem
    5/26/2017Sold$65,500+1646.7%
    Source: Public Record Report a problem
    6/4/2015Listing removed$600
    Source: Upperclass Homes, LLC Report a problem
    4/7/2015Listed for rent$600
    Source: Upperclass Homes, LLC Report a problem
    2/13/2015Listing removed$600
    Source: Upperclass Homes, LLC Report a problem
    1/16/2015Listed for rent$600
    Source: Upperclass Homes, LLC Report a problem
    3/21/2014Sold$3,750
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,413 +6.5%$126,400 +24.3%
    2024$2,265 -8.2%$101,700 +6.5%
    2023$2,467 +23.8%$95,500 -8.6%
    2022$1,993 +32.2%$104,500 +20.9%
    2021$1,508 +7.7%$86,400 +32.7%
    2020$1,400 -0.3%$65,100 +9.8%
    2019$1,404 -52.6%$59,300 +8%
    2018$2,960 -33.4%$54,900 +0.7%
    2017$4,445 +279.3%$54,500
    2016$1,172 -92.8%$54,500 +6.7%
    2014$16,240 $51,100
    2013$16,240 $51,100 +35.5%
    2011-- $37,700
    2010-- $37,700
    2009-- $37,700
    Find assessor info on the county website

    Neighborhood: Martindale-Brightwood

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $177,000
    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
    $177,000