Investor opportunity in the heart of Lapel! This well-maintained duplex at 413-415 S Main Street offers a strong rental history and excellent income-producing potential. Whether you're looking to expand your investment portfolio or take advantage of owner-occupancy by living in one unit while renting the other, this property provides flexibility and long-term value. Each unit features 1 bedroom, 1 full bathroom, and a detached 1-car garage, providing comfortable living space and added convenience for tenants or owner-occupants. Utilities are separately metered, making management simple and efficient while allowing tenants to pay their own utility expenses. Ideally located near local amenities, parks, schools, and major commuter routes, this property benefits from established rental demand and multiple ownership opportunities. Don't miss your chance to own a versatile income-producing property with proven rental history and long-term potential.
Pending
$199,900
413 S Main St, Lapel, IN 46051
2beds
2baths
--sqft
Multi Family, Duplex
Built in 1951
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 8 days |
- 297 |
- 20 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Ray Podesta 317-538-3226,
Stone & Gable Realty
Source: MIBOR as distributed by MLS GRID,MLS#: 22109439
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Features
- Has basement: No
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
- Details: Unit Parking(1 Car Garage)
Lot
- Size: 8,712 Square Feet
Details
- Parcel number: 481028401120000032
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Multi Family, Duplex
Condition
- New construction: No
- Year built: 1951
Community & HOA
Community
- Subdivision: No Subdivision
Location
- Region: Lapel
Financial & listing details
- Tax assessed value: $184,600
- Annual tax amount: $2,688
- Date on market: 6/21/2026
- Cumulative days on market: 10 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Pending sale | $199,900 |
Source: | ||
| 6/21/2026 | Listed for sale | $199,900+45.9% |
Source: | ||
| 7/31/2020 | Sold | $137,000 |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,688 +9.4% | $184,600 +37.4% |
| 2024 | $2,458 +71.4% | $134,400 +9.4% |
| 2023 | $1,434 -3.6% | $122,900 +71.4% |
| 2022 | $1,488 +5.5% | $71,700 -3.6% |
| 2021 | $1,410 +2.3% | $74,400 +5.5% |
| 2020 | $1,378 +8.2% | $70,500 +2.3% |
| 2019 | $1,274 +0.8% | $68,900 +8.2% |
| 2018 | $1,264 | $63,700 +0.8% |
| 2017 | $1,264 | $63,200 |
| 2016 | $1,264 -3.5% | $63,200 +2.6% |
| 2014 | $1,310 | $61,600 |
| 2013 | $1,310 +1.9% | $61,600 +2% |
| 2012 | $1,286 | $60,400 +2.4% |
| 2011 | -- | $59,000 |
| 2010 | $1,238 -62% | $59,000 +1.4% |
| 2009 | $3,258 | $58,200 -29.6% |
| 2006 | -- | $82,700 +39.9% |
| 2005 | -- | $59,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 46051
Nearby schools
GreatSchools rating
- 6/10Lapel Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 5/10Lapel Middle SchoolGrades: 6-8Distance: 0.3 mi
- 7/10Lapel Sr High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Lapel Elementary School
- Middle: Lapel Middle School
- High: Lapel Sr High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Madison County
- Lapel
- 46051
- 413 S Main St




