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For sale
  • $194,900

    3009 N Colorado Ave, Indianapolis, IN 46218

    6beds
    2baths
    1,792sqft
    : 
    $1,391/mo
    Get pre-qualified
    Duplex, Multi Family
    Built in 2025
    -- sqft lot
    $195,200 Zestimate®
    $109/sqft
    $-- HOA

    What's special

    Ready for sheetrock
    INVESTMENT OPPORTUNITY WITH SIGNIFICANT UPSIDE — BRING YOUR VISION! Unique 3-bedroom, 1-bath duplex currently under construction, with most electrical and plumbing rough-ins completed and the property ready for sheetrock. This is an excellent opportunity to finish the project to your specifications and create immediate value. The flexible layout offers multiple options: finish as a duplex, live in one unit while renting the other, hold as a rental, flip after completion, or convert to an impressive 6-bedroom, 2-full-bath single-family home. Investor highlights: Most electrical and plumbing rough-ins are complete; ready for sheetrock. Existing permits are in place and need to be renewed. Three contractor quotes totaling approximately $45,000 are available to complete the remaining work and can be provided prior to closing. Based on anticipated completed condition and local comparable properties, the finished property could potentially support a value around $300,000, subject to final finishes, market conditions, and an independent appraisal. The combination of the purchase price and estimated completion costs may offer substantial potential equity and resale upside, depending on the eventual sale price and selling expenses. Flexible duplex or single-family configuration provides multiple exit strategies. Only a 3-minute drive to Washington Park. Whether you're an investor, house-hacker, or owner-occupant, this property offers substantial work already completed, customization potential, and an attractive opportunity to create significant value. Bring your vision and unlock the potential! Contact us today for your showing at yita@majermgmt.com. Property being sold as-is.
    22 days
    382
    14

    Zillow last checked:

    Listing updated:

    Listed by:

    Yita Majerovic,

    Majer Management LLC

    Source: RLMS,MLS#: 10054198MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 2
      Heating
      • Unit 1 Heat Type(Furnace, Gas), Unit 2 Heat Type(Furnace, Gas)
      Appliances
      • Included: Electric Water Heater, Water Heater
      Features
      • Basement: None
      • Has fireplace: No
      Interior area
      • Total structure area: 1,792
      • Total interior livable area: 1,792 sqft

      Property

      Features
      • Levels: Two
      Lot
      • Size: 5,227 Square Feet
      • Dimensions: 5,227
      Details
      • Parcel number: 490721134161000101

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex, Multi Family
      Condition
      • Year built: 2025

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Indianapolis

      Financial & listing details

      • Price per square foot: $109/sqft
      • Tax assessed value: $10,800
      • Annual tax amount: $242
      • Date on market: 8/18/2026
      • Tenant pays: Unit 1 Electricity, Unit 2 Electricity

        Estimated market value

        $195,200

        $185,000 - $205,000

        $1,671/mo

        Price history

        DateEventPrice
        8/18/2026Listed for sale$194,900+49.9%$109/sqft
        Source: RLMS #10054198 Report a problem
        9/9/2025Listing removed$130,000$73/sqft
        Source: MIBOR as distributed by MLS GRID #22059561 Report a problem
        8/28/2025Listed for sale$130,000+165.3%$73/sqft
        Source: MIBOR as distributed by MLS GRID #22059561 Report a problem
        4/30/2024Listing removed--
        Source: MIBOR as distributed by MLS GRID #21960564 Report a problem
        1/29/2024Listed for sale$49,000+3969.8%$27/sqft
        Source: MIBOR as distributed by MLS GRID #21960564 Report a problem
        6/27/2006Sold$1,204$1/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$242 +0.1%$10,800 +5.9%
        2024$242 +3.5%$10,200
        2023$234 +33.3%$10,200 +3%
        2022$175 +64.6%$9,900 +30.3%
        2021$107 +0.3%$7,600 +65.2%
        2020$106 +8.8%$4,600 +2.2%
        2019$98 -16.5%$4,500 +9.8%
        2018$117 -16.3%$4,100 +2.5%
        2017$140 +71.5%$4,000 +5.3%
        2016$81 -3.4%$3,800 -2.6%
        2014$84 -18.3%$3,900 -15.2%
        2013$103 $4,600
        2012$103 $4,600
        2011-- --
        2010-- --
        2009-- --
        2007-- --
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Martindale-Brightwood

        Getting around

        39 / 100
        Car-Dependent
        32 / 100
        Some Transit
        39 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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