Investor Opportunity or Owner-Occupant Dream! Tastefully updated 3-bedroom, 2-bath duplex in a highly desirable location with strong rental demand. This well-maintained property offers a fantastic opportunity to live in one unit while generating income from the other - or add a turnkey investment to your portfolio. Each side features spacious living areas, updated finishes, and functional layouts designed for comfortable living. Improvements provide modern appeal while maintaining long-term durability. Tenant occupied, offering immediate income potential. Conveniently located near shopping, dining, schools, and major thoroughfares, this duplex combines location, flexibility, and cash-flow opportunity all in one. Whether you're looking to house hack or expand your investment portfolio, this is a property you won't want to miss.
Active
Price cut: $10K (6/29)
$450,000
3946 N College Ave, Indianapolis, IN 46205
6beds
4baths
--sqft
Multi Family, Duplex
Built in 1910
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Modern appealUpdated finishes
- 145 days |
- 310 |
- 18 |
Zillow last checked:
Listing updated:
Listed by:
Sarah Fishburn 317-989-5613,
F.C. Tucker Company,
Brandon Fishburn 317-445-5189
Source: MIBOR as distributed by MLS GRID,MLS#: 22086283
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Main level bathrooms: 6
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Connections All, Sink
Features
- Basement: Interior Entry
Property
Parking
- Total spaces: 1
- Parking features: Gravel
- Garage spaces: 1
- Details: Unit Parking(2 Car Garage, On Street)
Features
- Levels: Two
- Stories: 2
- Exterior features: Fire Pit
- Fencing: Fenced,Partial
Lot
- Size: 6,098 Square Feet
- Features: Sidewalks, Storm Sewer, Street Lights, Mature Trees
Details
- Parcel number: 490613125051000801
- Zoning: MU2 & D5
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Duplex
Materials
- Stucco
- Foundation: Block, Full
Condition
- New construction: No
- Year built: 1910
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Ardmore
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $443,800
- Annual tax amount: $6,760
- Date on market: 2/27/2026
- Cumulative days on market: 146 days
- Tenant pays: Electricity, Gas, Insurance
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Price change | $450,000-2.2% |
Source:  MIBOR as distributed by MLS GRID #22086283 Report a problem | ||
| 5/20/2026 | Price change | $460,000-2.1% |
Source: MIBOR as distributed by MLS GRID #22086283 Report a problem | ||
| 3/16/2026 | Price change | $470,000-1.1% |
Source: MIBOR as distributed by MLS GRID #22086283 Report a problem | ||
| 2/27/2026 | Listed for sale | $475,000+23.4% |
Source: MIBOR as distributed by MLS GRID #22086283 Report a problem | ||
| 9/10/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/26/2023 | Price change | $1,700-5.6% |
Source: Zillow Rentals Report a problem | ||
| 8/22/2023 | Price change | $1,800-5.3% |
Source: Zillow Rentals Report a problem | ||
| 7/25/2023 | Listed for rent | $1,900 |
Source: Zillow Rentals Report a problem | ||
| 5/30/2023 | Sold | $385,000-1.2% |
Source: MIBOR as distributed by MLS GRID #21890906 Report a problem | ||
| 4/28/2023 | Pending sale | $389,500 |
Source: MIBOR as distributed by MLS GRID #21892031 Report a problem | ||
| 4/25/2023 | Listed for sale | $389,500 |
Source: MIBOR as distributed by MLS GRID #21890906 Report a problem | ||
| 4/5/2023 | Pending sale | $389,500 |
Source: MIBOR as distributed by MLS GRID #21892031 Report a problem | ||
| 3/21/2023 | Price change | $389,500-2.5% |
Source: MIBOR as distributed by MLS GRID #21892031 Report a problem | ||
| 2/8/2023 | Price change | $399,500-2.6% |
Source: MIBOR as distributed by MLS GRID #21890906 Report a problem | ||
| 2/1/2023 | Listed for sale | $410,000 |
Source: MIBOR as distributed by MLS GRID #21890906 Report a problem | ||
| 12/27/2022 | Pending sale | $410,000 |
Source: MIBOR as distributed by MLS GRID #21892031 Report a problem | ||
| 11/8/2022 | Listed for sale | $410,000 |
Source: MIBOR as distributed by MLS GRID #21892031 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,760 +224.1% | $443,800 +12.6% |
| 2024 | $2,086 -17.6% | $394,000 +160.2% |
| 2023 | $2,531 +28.2% | $151,400 -10.9% |
| 2022 | $1,974 +40.3% | $169,900 +19.4% |
| 2021 | $1,408 +15.2% | $142,300 +25.4% |
| 2020 | $1,222 -4% | $113,500 +13.6% |
| 2019 | $1,273 0% | $99,900 -2% |
| 2018 | $1,273 +41.1% | $101,900 -5.4% |
| 2017 | $903 +31.2% | $107,700 +36.2% |
| 2016 | $688 -31.1% | $79,100 -12.6% |
| 2014 | $999 -67.6% | $90,500 +20.8% |
| 2013 | $3,086 | $74,900 -61.8% |
| 2012 | $3,086 | $196,100 +21.3% |
| 2011 | -- | $161,700 |
| 2010 | $2,269 -3.1% | $161,700 -3.3% |
| 2009 | $2,340 | $167,300 +33.7% |
| 2007 | -- | $125,100 |
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.Climate risks
Neighborhood: Meridian Kessler
Nearby schools
GreatSchools rating
- 3/10James Whitcomb Riley School 43Grades: PK-5Distance: 0.8 mi
- NAJoyce Kilmer School 69Grades: 6Distance: 1.4 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 0.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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