Sold

$199,900

422-424 Villa Ave, Indianapolis, IN 46201

2beds

2baths

--sqft

Multi Family, Duplex

Built in 1920

-- sqft lot

$201,000 Zestimate^®

$--/sqft

$1,026 Estimated rent

Home value

$201,000

$189,000 - $213,000

$1,026/mo

Zestimate^® history

Owner options

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$1,026/mo

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$1,026/mo

Rent Zestimate^®

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$1,005/mo

Est. payment

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$1,005/mo

Est. payment

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What's special

Comfortable living spaces

Turnkey investment opportunity in the heart of Indianapolis! This fully occupied duplex offers immediate cash flow with a gross monthly income of $2,465. Each unit is 1 bed 1 bath providing comfortable living spaces that appeal to long-term tenants, making this property an excellent addition to a rental portfolio or a great option for investors seeking steady income. With both units currently leased, the next owner can step right into an income-producing property from day one. Located in an established area of Indianapolis with convenient access to downtown and major commuter routes, this duplex benefits from strong rental demand and ongoing neighborhood growth.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2

Heating

Forced Air

Cooling

Central Air

Appliances

Laundry: Connections Some

Features

Has basement: No

Property

Parking

Parking features: On Street

Features

Levels: One
Stories: 1
Fencing: Fenced,Partial

Lot

Size: 4,356 Square Feet

Details

Parcel number: 491007205109000101

Construction

Type & style

Home type: MultiFamily
Architectural style: Bungalow
Property subtype: Multi Family, Duplex

Materials

Vinyl Siding
Foundation: Crawl Space
Roof: Composition

Condition

New construction: No
Year built: 1920

Community & HOA

Community

Subdivision: State Square

Location

Region: Indianapolis

Financial & listing details

Annual tax amount: $2,762
Date on market: 3/5/2026
Cumulative days on market: 9 days
Tenant pays: Other
Road surface type: Asphalt

Price history

Date	Event	Price
4/20/2026	Sold	$199,900
Source: MIBOR as distributed by MLS GRID #22087633 Report a problem
3/13/2026	Pending sale	$199,900
Source: MIBOR as distributed by MLS GRID #22087633 Report a problem
3/5/2026	Listed for sale	$199,900-0.5%
Source: MIBOR as distributed by MLS GRID #22087633 Report a problem
2/19/2025	Sold	$201,000-6.5%
Source: MIBOR as distributed by MLS GRID #22015383 Report a problem
12/27/2024	Pending sale	$215,000
Source: MIBOR as distributed by MLS GRID #22015383 Report a problem
12/19/2024	Listed for sale	$215,000
Source: MIBOR as distributed by MLS GRID #22015383 Report a problem