Excellent value-add investment opportunity in an area experiencing revitalization! This 3-bedroom, 1.5-bathroom single-family home sits on a corner lot and features a covered front porch along with a basement offering additional storage and flexibility. Major updates include a roof replacement in December 2021 and a furnace replacement in November 2024. Conveniently located less than one mile from I-65 and the Children's Museum, the property offers easy access to Downtown Indianapolis and surrounding amenities. The home is currently leased to a long-term tenant who has been in place since 2016, providing immediate rental income. Current rent is below market value, presenting an excellent opportunity to increase rents to market levels and create additional value. With its desirable location, recent mechanical updates, and rental upside, this property is a strong addition to any investment portfolio.
Active
Price cut: $3K (8/18)
$129,000
342 W 26th St, Indianapolis, IN 46208
3beds
2,184sqft
Residential, Single Family Residence
Built in 1920
3,484 Square Feet Lot
$-- Zestimate®
$59/sqft
$-- HOA
What's special
Covered front porchCorner lot
- 42 days
- 269
- 17
Zillow last checked:
Listing updated:
Listed by:
Karanjod Cheema 317-657-9985,
Rize Commercial Realty LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22114942
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Features: Luxury Vinyl Plank
- Level: Upper
- Dimensions: Not measured
Bedroom 2
- Features: Luxury Vinyl Plank
- Level: Upper
- Dimensions: Not measured
Bedroom 3
- Features: Luxury Vinyl Plank
- Level: Upper
- Dimensions: Not measured
Dining room
- Level: Main
- Dimensions: Not measured
Kitchen
- Level: Main
- Dimensions: Not measured
Living room
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Play room
- Features: Other
- Level: Basement
- Dimensions: Not measured
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Other
Features
- Hardwood Floors
- Flooring: Hardwood
- Has basement: Yes
Interior area
- Total structure area: 2,184
- Total interior livable area: 2,184 sqft
- Finished area below ground: 0
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,484 Square Feet
Details
- Parcel number: 490626176201000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $59/sqft
- Tax assessed value: $132,900
- Annual tax amount: $3,196
- Date on market: 7/17/2026
- Cumulative days on market: 43 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Price change | $129,000-2.3%$59/sqft |
Source: | ||
| 8/5/2026 | Price change | $132,000-3.6%$60/sqft |
Source: | ||
| 7/17/2026 | Listed for sale | $137,000+756.3%$63/sqft |
Source: | ||
| 10/19/2013 | Listing removed | $750 |
Source: Axiom Property Management Report a problem | ||
| 9/26/2013 | Listed for rent | $750 |
Source: Axiom Property Management Report a problem | ||
| 8/5/2013 | Sold | $16,000$7/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,743 +3.7% | $132,900 +15% |
| 2024 | $2,645 +14.7% | $115,600 +3.7% |
| 2023 | $2,307 +18.9% | $111,500 +14.1% |
| 2022 | $1,940 +26.6% | $97,700 +16.2% |
| 2021 | $1,533 +16.2% | $84,100 +27% |
| 2020 | $1,320 +14.9% | $66,200 +18.4% |
| 2019 | $1,148 +42.7% | $55,900 +16% |
| 2018 | $805 +3.5% | $48,200 +32.4% |
| 2017 | $778 +0% | $36,400 +5.5% |
| 2016 | $777 +4.8% | $34,500 +0.6% |
| 2014 | $742 -40.4% | $34,300 -39% |
| 2013 | $1,245 | $56,200 +1.3% |
| 2012 | $1,245 | $55,500 +5.5% |
| 2011 | -- | $52,600 |
| 2010 | $1,093 -2.5% | $52,600 |
| 2009 | $1,121 | $52,600 -14.9% |
| 2007 | -- | $61,800 |
Find assessor info on the county website
Monthly payment
Est. payment





