****INCOME PRODUCING*** This home offers nearly 2,800 square feet of finished space including the newly remodeled basement. It has been rented to UIndy students for the last few years generating $2,100 per month in income. Features include a remodeled kitchen, new interior and exterior paint, etc. Currently there are 2 bedrooms in the basement, 2 bedrooms on the main floor and 1 bedroom upstairs. Each room has been generating $420 per month. Other features include a 2 car garage and dedicate parking in the rear of the property. Just 3 blocks from UIndy and 4 miles to downtown Indianapolis. This could be your primary residence or a solid investment property.
Sold
$240,000
4139 Bowman Ave, Indianapolis, IN 46227
5beds
2,386sqft
Residential, Single Family Residence
Built in 1920
7,405 Square Feet Lot
$247,200 Zestimate®
$101/sqft
$1,905 Estimated rent
Home value
$247,200
$230,000 - $265,000
$1,905/mo
Zestimate® history
Owner options
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$1,905/mo
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$1,905/mo
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$1,586/mo
Est. payment
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$1,586/mo
Est. payment
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List your homeWhat's special
Newly remodeled basementRemodeled kitchenNew interior
Zillow last checked:
Listing updated:
Listed by:
Keith Turnbill 317-626-0800,
RE/MAX Advanced Realty
Bought with:
David C Brenton
DAVID BRENTON'S TEAM
Source: MIBOR as distributed by MLS GRID,MLS#: 21951591
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Features: Hardwood
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13x10
Bedroom 2
- Features: Hardwood
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10x12
Bedroom 3
- Features: Carpet
- Level: Upper
- Area: 112 Square Feet
- Dimensions: 14x8
Bedroom 4
- Features: Laminate
- Level: Basement
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 5
- Features: Laminate
- Level: Basement
- Area: 144 Square Feet
- Dimensions: 12x12
Other
- Features: Other
- Level: Basement
- Area: 120 Square Feet
- Dimensions: 12x10
Great room
- Features: Carpet
- Level: Main
- Area: 480 Square Feet
- Dimensions: 24x20
Kitchen
- Features: Laminate
- Level: Main
- Area: 117 Square Feet
- Dimensions: 13x9
Sitting room
- Features: Carpet
- Level: Upper
- Area: 104 Square Feet
- Dimensions: 13x8
Sun room
- Features: Other
- Level: Main
- Area: 144 Square Feet
- Dimensions: 18x8
Heating
- Forced Air
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Dryer, Disposal, Electric Oven, Refrigerator, Washer
Features
- Attic Access, Eat-in Kitchen
- Basement: Egress Window(s),Finished
- Attic: Access Only
- Number of fireplaces: 1
- Fireplace features: Great Room
Interior area
- Total structure area: 2,386
- Total interior livable area: 2,386 sqft
- Finished area below ground: 940
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
- Details: Garage Parking Other(Common Lot)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,405 Square Feet
Details
- Parcel number: 491031101001144501
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Wood
- Foundation: Block
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Water: Municipal/City
Community & HOA
Community
- Subdivision: Elders
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $101/sqft
- Tax assessed value: $222,100
- Annual tax amount: $1,726
- Date on market: 11/6/2023
- Cumulative days on market: 104 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/15/2024 | Sold | $240,000-14.3%$101/sqft |
Source:  MIBOR as distributed by MLS GRID #21951591 Report a problem | ||
| 2/14/2024 | Pending sale | $279,900$117/sqft |
Source: MIBOR as distributed by MLS GRID #21951591 Report a problem | ||
| 11/6/2023 | Listed for sale | $279,900+89.1%$117/sqft |
Source: MIBOR as distributed by MLS GRID #21951591 Report a problem | ||
| 12/30/2019 | Sold | $148,000-10.3%$62/sqft |
Source: MIBOR as distributed by MLS GRID #21681605 Report a problem | ||
| 11/19/2019 | Pending sale | $165,000$69/sqft |
Source: CityPlace Realty #21681605 Report a problem | ||
| 11/15/2019 | Listed for sale | $165,000+94.2%$69/sqft |
Source: CityPlace Realty #21681605 Report a problem | ||
| 10/12/2007 | Sold | $84,943$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,622 +15% | $222,100 +0.2% |
| 2024 | $2,279 +12.2% | $221,700 +13.6% |
| 2023 | $2,031 +17.7% | $195,100 +12.2% |
| 2022 | $1,725 +1.4% | $173,900 +14.3% |
| 2021 | $1,701 +65.8% | $152,100 +1.7% |
| 2020 | $1,026 -52.3% | $149,600 +43.7% |
| 2019 | $2,151 +12.6% | $104,100 +15.3% |
| 2018 | $1,911 +7.9% | $90,300 +2% |
| 2017 | $1,770 +8.5% | $88,500 +9.4% |
| 2016 | $1,632 +6.3% | $80,900 +13.9% |
| 2014 | $1,535 +157.9% | $71,000 +1% |
| 2013 | $595 | $70,300 -2.8% |
| 2012 | $595 | $72,300 -22.1% |
| 2011 | -- | $92,800 +13.6% |
| 2009 | $631 | $81,700 -1.8% |
| 2007 | -- | $83,200 +5.7% |
| 2006 | -- | $78,700 +8.3% |
| 2005 | -- | $72,700 |
| 2004 | -- | $72,700 +8.5% |
| 2003 | -- | $67,000 +158.7% |
| 2002 | -- | $25,900 +200.1% |
| 2001 | -- | $8,630 |
| 2000 | -- | $8,630 |
Find assessor info on the county website
Neighborhood: University Heights
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Nearby schools
GreatSchools rating
- 3/10Raymond F. Brandes School 65Grades: PK-6Distance: 0.5 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 5.1 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 4.9 mi
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Estimated market value
$247,200
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Estimated market value
$247,200
- Indiana
- Marion County
- Indianapolis
- 46227
- University Heights
- 4139 Bowman Ave
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