Fantastic investment opportunity with proven stability! This charming Spanish-style duplex has been professionally managed for the past seven years and has a strong rental history. One resident has happily called the property home for approximately six years, while the second unit is leased and welcoming a new resident soon. Each unit offers 1 bedroom, 1 bathroom, inviting front porches full of character, and timeless architectural details that make this property stand out. Current rents are $815 and $895 per month, providing immediate income with established tenancy. Located just minutes from the exciting redevelopment around 40th & Boulevard, you'll enjoy convenient access to some of the area's favorite local destinations, including Gather 22, boutique shopping, coffee shops, breweries, and a growing collection of neighborhood restaurants and entertainment. The continued investment in the surrounding area makes this an attractive opportunity for both seasoned and first-time investors. Whether you're looking to expand your portfolio or purchase your first income-producing property, this well-maintained duplex offers charm, consistent occupancy, and a location that continues to grow in popularity.
6 days
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497
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Zillow last checked:
Listing updated:
Listed by:
Tasheana Hanza317-800-4438,
Hanza Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22112123
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 1
Bathrooms: 1
Features
Basement: Daylight,Storage Space
Property
Features
Levels: One
Stories: 1
Lot
Size: 5,227 Square Feet
Details
Parcel number: 490614124161000801
Construction
Type & style
Home type: MultiFamily
Architectural style: Spanish
Property subtype: Multi Family, Duplex
Materials
Stucco
Roof: Flat
Condition
New construction: No
Year built: 1920
Community & HOA
Community
Subdivision: C E Shovers
Location
Region: Indianapolis
Financial & listing details
Tax assessed value: $145,300
Annual tax amount: $3,164
Date on market: 7/6/2026
Cumulative days on market: 8 days
Tenant pays: All Utilities, Insurance
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/6/2026
Listed for sale
$190,000+206.5%
Source: MIBOR as distributed by MLS GRID #22112123Report a problem
10/11/2018
Sold
$62,000-10.1%
Source: MIBOR as distributed by MLS GRID #21575345Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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