Charming Duplex with Airbnb Income Near Downtown Indy Located just minutes from downtown Indianapolis and Indianola Park, this well-maintained duplex on North Elder Avenue is a standout investment opportunity. Both 2-bedroom, 1-bathroom units are currently rented as successful Airbnb listings, providing steady short-term rental income. Each 810 sq. ft. unit features an inviting front porch, classic vinyl siding, and a landscaped yard. Inside, enjoy an open-concept layout with abundant natural light, laminate flooring, a functional kitchen, dedicated dining area, and spacious bedrooms with ample closet space. Unit 1 includes access to a partial basement, while Unit 2 is equipped with its own washer and dryer. Efficient heating and cooling systems ensure year-round comfort. An excellent opportunity in a convenient location-schedule your showing today!
Sold
$260,000
38 N Elder Ave, Indianapolis, IN 46222
2beds
2baths
--sqft
Multi Family, Duplex
Built in 1890
-- sqft lot
$264,200 Zestimate®
$--/sqft
$1,113 Estimated rent
Home value
$264,200
$243,000 - $288,000
$1,113/mo
Zestimate® history
Owner options
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$1,113/mo
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$1,113/mo
Rent Zestimate®
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$1,608/mo
Est. payment
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$1,608/mo
Est. payment
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List your homeWhat's special
Partial basementClassic vinyl sidingLandscaped yardInviting front porchAbundant natural lightOpen-concept layoutDedicated dining area
Zillow last checked:
Listing updated:
Listed by:
Stephen Flanagan 317-236-9172,
R. P. Lux Company
Bought with:
Stephen Ferguson
F.C. Tucker Company
Brian Wignall
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22027751
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Electric, Natural Gas
Features
- Basement: Partial
Property
Parking
- Parking features: Alley Access
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 491103142009000101
- Special conditions: None,Sales Disclosure On File
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Duplex
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1890
Community & HOA
Community
- Subdivision: Mileys
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $65,200
- Annual tax amount: $1,597
- Date on market: 4/10/2025
- Cumulative days on market: 8 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/23/2025 | Sold | $260,000 |
Source:  MIBOR as distributed by MLS GRID #22027751 Report a problem | ||
| 4/18/2025 | Pending sale | $260,000 |
Source: MIBOR as distributed by MLS GRID #22027751 Report a problem | ||
| 4/10/2025 | Listed for sale | $260,000+160.3% |
Source: MIBOR as distributed by MLS GRID #22027751 Report a problem | ||
| 10/1/2018 | Listing removed | $99,900 |
Source: Cunningham Concierge Realty #21589890 Report a problem | ||
| 8/17/2018 | Listed for sale | $99,900+53.7% |
Source: Cunningham Concierge Realty #21589890 Report a problem | ||
| 6/25/2018 | Sold | $65,000-7% |
Source: MIBOR as distributed by MLS GRID #21565695 Report a problem | ||
| 5/23/2018 | Pending sale | $69,900 |
Source: Cunningham Group Concierge Rea #21565695 Report a problem | ||
| 5/11/2018 | Listed for sale | $69,900+249.5% |
Source: Cunningham Group Concierge Rea #21565695 Report a problem | ||
| 11/28/2017 | Sold | $20,000-33.1% |
Source: MIBOR as distributed by MLS GRID #21518695 Report a problem | ||
| 11/9/2017 | Listed for sale | $29,900 |
Source: Carpenter Realtors, Inc. #21518695 Report a problem | ||
| 11/6/2017 | Pending sale | $29,900 |
Source: Carpenter Realtors, Inc. #21518695 Report a problem | ||
| 10/11/2017 | Listed for sale | $29,900 |
Source: Carpenter, REALTORS� #21518695 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,476 +15.7% | $65,200 +4.8% |
| 2024 | $1,276 +0.5% | $62,200 +15.6% |
| 2023 | $1,270 +44.9% | $53,800 |
| 2022 | $877 +6.3% | $53,800 +41.6% |
| 2021 | $824 +35.3% | $38,000 +6.7% |
| 2020 | $609 -28.3% | $35,600 +38% |
| 2019 | $849 +4.4% | $25,800 +6.6% |
| 2018 | $813 -15.5% | $24,200 +9.5% |
| 2017 | $962 +248.2% | $22,100 |
| 2016 | $276 -36.7% | $22,100 +9.4% |
| 2014 | $437 +49.7% | $20,200 |
| 2013 | $292 | $20,200 -1.5% |
| 2012 | $292 | $20,500 +3.5% |
| 2011 | -- | $19,800 |
| 2010 | $231 +4.2% | $19,800 |
| 2009 | $222 | $19,800 -5.3% |
| 2007 | -- | $20,900 -39.6% |
| 2006 | -- | $34,600 |
| 2005 | -- | $34,600 |
| 2004 | -- | $34,600 |
| 2003 | -- | $34,600 +188.3% |
| 2002 | -- | $12,000 +200% |
| 2001 | -- | $4,000 |
| 2000 | -- | $4,000 |
Find assessor info on the county website
Neighborhood: Near Westside
Nearby homes
- $--2 bd1 ba810 sqft38 N Elder Ave #38, Indianapolis, IN 46222Off Market
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- $77,2002 bd1 ba1.1k sqft26 N Elder Ave, Indianapolis, IN 46222Off Market
Nearby schools
GreatSchools rating
- 7/10Center for Inquiry School 2Grades: K-5Distance: 2.4 mi
- 4/10William Penn School 49Grades: 6-8Distance: 1 mi
- 1/10George Washington Community High School (9-12)Grades: 9-12Distance: 0.3 mi
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Estimated market value
$264,200
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$264,200
- Indiana
- Marion County
- Indianapolis
- 46222
- Near Westside
- 38 N Elder Ave
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