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Sold for $318,500
  • $318,500

    2762 Shelby St, Indianapolis, IN 46203

    4beds
    2,740sqft
    MultiFamily
    Built in 1923
    -- sqft lot
    $323,700 Zestimate®
    $116/sqft
    $1,453 Estimated rent

    Home value

    $323,700

    $298,000 - $353,000

    $1,453/mo

    Zestimate® history
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    $1,453/mo

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    $1,998/mo

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    What's special

    Call owner for questions, Investors the Gross rate of return is 10%. Nothing broken, nothing lacking in this beautiful income producing property. This a Garfield Park gem. 6 blocks to University of Indianapolis. 2760 side is owner occupied is a Turn key townhouse that could be an Airbnb, all furnishings come with this unit from toro lawn mower to Kitchen dishes and 6 person Hot tub/spa which is 2 yrs old, 48 jets. 2762 side is rented at $1,350 month which is a little light. Lease exp. 7/24. Energy efficient property. No deferred maintenance. Roof 10 yrs old. New Carrier 96% high efficiency furnaces gas and hot water heaters Oct 2023. Remodeled bathrooms. New insulation in walls, attic and basement. Floating floors. Large rooms through out, living room, dining room, large eat in kitchen with butler pantry, large remodeled bathrooms and plumbing, new sensor vent fans vented through the roof in Sept. 2023. Both units are identical. All appliances are new in last 2 years, except stove. Appliances remain with a washer & dryer in both units and one deep freezer chest. Basements have been dry locked painted grey and white and are usable spaces. 2760 side has $2k worth of custom black out shades through out (2) years old. Pella windows through out. New 8 x 6 shed 2023, custom privacy fence 2021, new led light fixtures in both units. Private patio with plenty of space for entertaining, with fire pit & large propane grill. Many other upgrades. Seperate utilities for both units. City water/sewer. Hot tub/spa can remain 2 yrs old. You are 2 minutes to I-65, 132 acre Garfield Park 2 blocks away, Brewery, bakery, coffee shops on the same street and 10 minutes to downtown Indianapolis, Eli Lilly, Fountain Square. Home sits on IndyGo Electric bus line. New paint in both units in last 2 years. Do not disturb tenant. Tenant pays all utilities. Property taxes are $1124.63 per year. Verify all property information on your own. You may view owner side with proof of funds or financing submitted prior to touring.Tenant side can be viewed after an agreement has been reached. You will not be held to an agreement unless you approve of the tenant unit. Tenant side is carpeted except for kitchen, bathroom and hallway. Other than that units are identical, mechanicals, square footage, room colors etc. There are 2 designated parking spaces out front and 2 in rear of home. This property has been maticulously cared for and updated. 317-969-nine-zero-six-seven.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dryer, Freezer, Range / Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Flooring: Carpet, Laminate
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,740 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off-street, On-street
    Features
    • Exterior features: Vinyl
    • Has spa: Yes
    Lot
    • Size: 5,967 Square Feet
    Details
    • Parcel number: 491124116029000101

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Asphalt
    Condition
    • Year built: 1923

    Community & HOA

    Location
    • Region: Indianapolis

    Financial & listing details

    • Price per square foot: $116/sqft
    • Tax assessed value: $170,200
    • Annual tax amount: $2,158

    Price history

    DateEventPrice
    5/7/2025Sold$318,500+1.9%$116/sqft
    Source: Public Record Report a problem
    3/15/2024Pending sale$312,500$114/sqft
    Source: MIBOR as distributed by MLS GRID #21968359 Report a problem
    3/13/2024Listed for sale$312,500+285.8%$114/sqft
    Source: MIBOR as distributed by MLS GRID #21968359 Report a problem
    5/29/2023Listing removed--
    Source: Zillow Rentals Report a problem
    5/28/2023Listed for rent$1,350+29.8%
    Source: Zillow Rentals Report a problem
    7/17/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    7/14/2022Price change$1,040+5.6%
    Source: Zillow Rental Manager Report a problem
    7/4/2022Price change$985-14.3%
    Source: Zillow Rental Manager Report a problem
    7/2/2022Price change$1,150-7.9%
    Source: Zillow Rental Manager Report a problem
    6/21/2022Listed for rent$1,249+44.4%
    Source: Zillow Rental Manager Report a problem
    3/21/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    3/15/2021Price change$865-15.4%
    Source: Zillow Rental Manager Report a problem
    3/10/2021Price change$1,023+14.9%
    Source: Zillow Rental Manager Report a problem
    3/5/2021Price change$890-13.2%
    Source: Zillow Rental Manager Report a problem
    2/27/2021Listed for rent$1,025+20.6%
    Source: Zillow Rental Manager Report a problem
    12/1/2019Listing removed$850
    Source: Owner Report a problem
    11/17/2019Listed for rent$850-10.5%
    Source: Owner Report a problem
    9/30/2019Listing removed$950
    Source: Snyder Strategy Realty, Inc #21665609 Report a problem
    9/27/2019Price change$950+11.8%
    Source: Snyder Strategy Realty, Inc #21665609 Report a problem
    8/20/2019Listed for rent$850-8.1%
    Source: Owner Report a problem
    2/2/2019Listing removed$925+5.7%
    Source: Owner Report a problem
    1/6/2019Listed for rent$875+3.6%
    Source: Owner Report a problem
    9/23/2018Listing removed$845
    Source: Owner Report a problem
    9/16/2018Price change$845-11.1%
    Source: Owner Report a problem
    9/12/2018Listed for rent$950
    Source: Owner Report a problem
    9/13/2016Sold$81,000$30/sqft
    Source: MIBOR as distributed by MLS GRID #21425108 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,158 +2.5%$170,200 +2.4%
    2024$2,104 -1.3%$166,200 +0.7%
    2023$2,131 +50.6%$165,100
    2022$1,415 +12.3%$165,100 +25.6%
    2021$1,260 +22.9%$131,500 +7.7%
    2020$1,026 +15.1%$122,100 +20.2%
    2019$891 +11.1%$101,600 +12.9%
    2018$802 +17.7%$90,000 +6.6%
    2017$681 -54.2%$84,400 +20.2%
    2016$1,489 +4%$70,200 +6%
    2014$1,431 -2.4%$66,200
    2013$1,467 $66,200 -16.6%
    2012$1,467 $79,400 +26.8%
    2011-- $62,600
    2010$1,306 -2.4%$62,600
    2009$1,338 $62,600 -20.6%
    2007-- $78,800
    Find assessor info on the county website

    Neighborhood: Garfield Park

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $323,700
    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
    $323,700