Discover this charming and well-maintained duplex in the heart of downtown Indianapolis. Each side offers 2 bedrooms and 1.5 updated baths, with fresh interior and exterior paint throughout. The home features original hardwood floors, soaring ceilings, and spacious living and dining rooms filled with character. Enjoy the convenience of off-street parking and the very best walkable lifestyle-just steps from downtown's best restaurants, sporting events, and entertainment. Whether you're looking for a smart investment opportunity or a place to live while renting out the other side, this property is a versatile gem in a prime location. New roof in 2007, Unit 312 new furnace/A/C 2019, Unit 314 new furnace/AC 2014. Last rents in 2024 were $1950 per side, prior to recent improvements.
Sold
$512,000
312 N College Ave, Indianapolis, IN 46202
4beds
4baths
--sqft
Multi Family, Duplex
Built in 1955
-- sqft lot
$522,400 Zestimate®
$--/sqft
$1,823 Estimated rent
Home value
$522,400
$470,000 - $580,000
$1,823/mo
Zestimate® history
Owner options
List your home for rent
$1,823/mo
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$1,823/mo
Rent Zestimate®
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$3,211/mo
Est. payment
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$3,211/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Tom McNulty 317-507-0688,
McNulty Real Estate Services,,
Pat McNulty,
McNulty Real Estate Services,
Bought with:
Christina Cassell
Peter Khosla, Inc
Source: MIBOR as distributed by MLS GRID,MLS#: 22050171
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Main level bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Laundry Closet, Upper Level
Features
- Basement: Unfinished
Property
Parking
- Total spaces: 2
- Parking features: Guest
- Details: Unit Parking(2 Car Space)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,484 Square Feet
- Features: Street Lights, Mature Trees
Details
- Parcel number: 491101245013000101
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Duplex
Materials
- Wood Siding
- Roof: Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1955
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Fletcher
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $559,800
- Annual tax amount: $10,778
- Date on market: 7/17/2025
- Cumulative days on market: 24 days
- Tenant pays: All Utilities, Insurance, Grounds Care
Price history
| Date | Event | Price |
|---|---|---|
| 2/20/2026 | Listing removed | $1,950 |
Source: Zillow Rentals Report a problem | ||
| 11/17/2025 | Listed for rent | $1,950 |
Source: Zillow Rentals Report a problem | ||
| 9/8/2025 | Sold | $512,000-2.5% |
Source:  MIBOR as distributed by MLS GRID #22050171 Report a problem | ||
| 8/9/2025 | Pending sale | $525,000 |
Source: MIBOR as distributed by MLS GRID #22050171 Report a problem | ||
| 7/17/2025 | Listed for sale | $525,000 |
Source: MIBOR as distributed by MLS GRID #22050171 Report a problem | ||
| 9/13/2024 | Listing removed | $1,950 |
Source: Zillow Rentals Report a problem | ||
| 8/29/2024 | Listed for rent | $1,950 |
Source: Zillow Rentals Report a problem | ||
| 6/29/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/16/2024 | Listed for rent | $1,950-7.1% |
Source: Zillow Rentals Report a problem | ||
| 3/8/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/16/2024 | Listed for rent | $2,100+40% |
Source: Zillow Rentals Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/13/2016 | Listing removed | $1,500-6.3% |
Source: Owner Report a problem | ||
| 7/27/2016 | Listing removed | $1,600+33.3% |
Source: Owner Report a problem | ||
| 4/24/2014 | Listing removed | $1,200 |
Source: Owner Report a problem | ||
| 4/16/2014 | Listed for rent | $1,200 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,778 +0% | $559,800 +23.2% |
| 2024 | $10,774 +13.6% | $454,200 |
| 2023 | $9,485 +26.9% | $454,200 +12.9% |
| 2022 | $7,474 +1.4% | $402,200 +24% |
| 2021 | $7,373 +1.7% | $324,400 +1.8% |
| 2020 | $7,251 +0.5% | $318,800 +3.6% |
| 2019 | $7,216 +16% | $307,600 +1.4% |
| 2018 | $6,222 +3.9% | $303,400 +4.5% |
| 2017 | $5,989 -6% | $290,200 +2.5% |
| 2016 | $6,368 +6.4% | $283,200 +2.2% |
| 2014 | $5,984 -2.7% | $277,000 |
| 2013 | $6,149 | $277,000 +1% |
| 2012 | $6,149 | $274,200 +27.3% |
| 2011 | -- | $215,400 |
| 2010 | $4,481 -2.4% | $215,400 |
| 2009 | $4,591 | $215,400 -8% |
| 2007 | -- | $234,200 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 7/10Center for Inquiry School 2Grades: K-5Distance: 0.5 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 2.1 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$522,400
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Estimated market value
$522,400
- Indiana
- Marion County
- Indianapolis
- 46202
- Downtown
- 312 N College Ave
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