Cash-Flowing Duplex in Indianapolis - $1,375/Month Income Address: 3063-3065 N Colorado Ave, Indianapolis, IN 46218 Great investment opportunity! This fully rented duplex generates steady cash flow: 2 units - each 2 bed / 1 bath, about 800 sqft + full unfinished basement on a corner lot. Both units currently rented 3063 at $700/month - lease agreement ends 9/30/25 3065 at $675/month - lease agreement ends 4/30/26 Tenants pay electricity and gas. Owner pays for water and sewer. Professional property management in place Perfect for investors looking for immediate income with minimal headaches. 3065: New furnace, newer water heater, gas stove included (the refrigerator belongs to tenant) 3063: new refrigerator, furnace 10 years old, newer water heater, gas stove included
Sold
$115,000
3065 N Colorado Ave, Indianapolis, IN 46218
4beds
2baths
--sqft
Multi Family, Duplex
Built in 1942
-- sqft lot
$136,400 Zestimate®
$--/sqft
$1,134 Estimated rent
Home value
$136,400
$105,000 - $171,000
$1,134/mo
Zestimate® history
Owner options
List your home for rent
$1,134/mo
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$1,134/mo
Rent Zestimate®
Refinance and save
$578/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$578/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Katrina Matheis 317-460-4230,
Ever Real Estate, LLC
Bought with:
Nigel Barretto
eXp Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22043269
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Main level bathrooms: 4
Heating
- Natural Gas
Cooling
- Separate Meters
Appliances
- Laundry: Connections All
Features
- Basement: Unfinished
Property
Parking
- Details: Unit Parking(On Street)
Features
- Levels: One
- Stories: 1
Lot
- Size: 5,227 Square Feet
- Features: Corner Lot
Details
- Parcel number: 490721134114000101
- Zoning: D5
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow,Traditional
- Property subtype: Multi Family, Duplex
Materials
- Aluminum Siding, Wood Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1942
Community & HOA
Community
- Security: Smoke Alarm
- Subdivision: Robinwood
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $78,100
- Annual tax amount: $1,624
- Date on market: 6/7/2025
- Cumulative days on market: 28 days
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2025 | Sold | $115,000-10.9% |
Source:  MIBOR as distributed by MLS GRID #22043269 Report a problem | ||
| 7/5/2025 | Pending sale | $129,000 |
Source: MIBOR as distributed by MLS GRID #22043269 Report a problem | ||
| 6/17/2025 | Price change | $129,000-4.4% |
Source: MIBOR as distributed by MLS GRID #22043269 Report a problem | ||
| 6/7/2025 | Listed for sale | $135,000+3.9% |
Source: MIBOR as distributed by MLS GRID #22043269 Report a problem | ||
| 9/13/2023 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21931162 Report a problem | ||
| 8/10/2023 | Listed for sale | $129,900 |
Source: MIBOR as distributed by MLS GRID #21931162 Report a problem | ||
| 7/12/2023 | Pending sale | $129,900 |
Source: MIBOR as distributed by MLS GRID #21931162 Report a problem | ||
| 7/10/2023 | Listed for sale | $129,900+93.9% |
Source: MIBOR as distributed by MLS GRID #21931162 Report a problem | ||
| 7/20/2021 | Sold | $67,000+91.4% |
Source: MIBOR as distributed by MLS GRID #21781181 Report a problem | ||
| 9/23/2020 | Sold | $35,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,709 +0% | $78,100 +8.5% |
| 2024 | $1,708 +5.1% | $72,000 |
| 2023 | $1,624 +71.7% | $72,000 +4.7% |
| 2022 | $946 +211.8% | $68,800 +67.8% |
| 2021 | $303 +16.8% | $41,000 +213% |
| 2020 | $260 -33.5% | $13,100 +19.1% |
| 2019 | $391 +8.8% | $11,000 -32.9% |
| 2018 | $359 -5.9% | $16,400 +18% |
| 2017 | $382 +32.3% | $13,900 |
| 2016 | $289 +12.1% | $13,900 +16.8% |
| 2014 | $257 -69.7% | $11,900 -64.3% |
| 2013 | $848 | $33,300 -11.4% |
| 2012 | $848 | $37,600 +12.6% |
| 2011 | -- | $33,400 |
| 2010 | $699 -2.3% | $33,400 |
| 2009 | $716 | $33,400 -7.2% |
| 2007 | -- | $36,000 |
Find assessor info on the county website
Neighborhood: Martindale-Brightwood
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Nearby schools
GreatSchools rating
- 3/10James Russell Lowell School 51Grades: PK-5Distance: 1 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 4 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 3.2 mi
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Estimated market value
$136,400
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
$136,400
- Indiana
- Marion County
- Indianapolis
- 46218
- Martindale-Brightwood
- 3065 N Colorado Ave
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