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  • $196,500

    4303 Norwaldo Ave, Indianapolis, IN 46205

    6beds
    2baths
    --sqft
    Multi Family, Duplex
    Built in 1945
    -- sqft lot
    $227,400 Zestimate®
    $--/sqft
    $1,304 Estimated rent

    Home value

    $227,400

    $211,000 - $243,000

    $1,304/mo

    Zestimate® history
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    $1,304/mo

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    What's special

    Don't miss this remarkable duplex located in the highly sought-after SoBro neighborhood! The area is bustling with investment, making this a prime time to secure a property in this thriving community. Perfect for a first-time homebuyer that wants to use a renovation loan to buy and renovate, or an newer investor that could live on one side and rent the other side out. The duplex is currently generating income with both tenants on a one-year lease, paying a total of $2,150/month, with potential market rent at $2,860/month. Addresses are 4303 and 4305 Norwaldo Ave. Recent updates to the property include a newer roof, and updates to Unit #1 include fresh paint, updated light fixtures, modern appliances, and a renovated kitchen and bathroom, ensuring it's move-in ready and low maintenance. Unit #2 could use some cosmetic updates. Situated in a convenient north side location, this property offers easy access to everything Indy has to offer. Enjoy proximity to schools, parks, shopping, and recreational spots like the Monon Trail. Commuting is simplified with access to the Red & Purple Lines, and major roads such as N College Ave, N Keystone Ave, 38th St, and Fall Creek Pkwy. The Fairgrounds are also just a short distance away. Please note this property can be bundled with 2 other duplexes in the immediate area.

    Zillow last checked:

    Listing updated:

    Listed by:

    Andy Tresize 317-701-4289,

    Compass Indiana, LLC

    Bought with:

    Kyle Hoffman

    @properties

    Source: MIBOR as distributed by MLS GRID,MLS#: 22038511MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    Features
    • Basement: Unfinished

    Property

    Parking
    • Details: Unit Parking(On Street)
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 0.27 Acres
    • Features: Sidewalks
    Details
    • Parcel number: 490718106036000801
    • Special conditions: As Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Multi Family, Duplex
    Materials
    • Block
    • Foundation: Block
    • Roof: Asphalt
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1945

    Community & HOA

    Community
    • Subdivision: Montrose
    Location
    • Region: Indianapolis

    Financial & listing details

    • Tax assessed value: $170,800
    • Annual tax amount: $3,340
    • Date on market: 7/16/2025
    • Cumulative days on market: 57 days
    • Tenant pays: All Utilities
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    7/23/2026Listing removed$1,200
    Source: Zillow Rentals Report a problem
    4/27/2026Price change$1,200-4%
    Source: Zillow Rentals Report a problem
    2/18/2026Listed for rent$1,250+108.3%
    Source: Zillow Rentals Report a problem
    11/19/2025Sold$196,500-4.1%
    Source: MIBOR as distributed by MLS GRID #22038511 Report a problem
    9/13/2025Pending sale$205,000
    Source: MIBOR as distributed by MLS GRID #22038511 Report a problem
    7/16/2025Listed for sale$205,000+130.3%
    Source: MIBOR as distributed by MLS GRID #22038511 Report a problem
    8/16/2013Listing removed$600
    Source: Zillow Rental Network Report a problem
    8/10/2013Listed for rent$600
    Source: Zillow Rental Network Report a problem
    7/10/2013Listing removed$89,000
    Source: 360 Realty #21215665 Report a problem
    4/18/2013Listed for sale$89,000+709.1%
    Source: 360 Realty #21215665 Report a problem
    3/13/2013Sold$11,000-85.3%
    Source: Agent Provided Report a problem
    2/13/2013Listed for sale$75,000+210.1%
    Source: 360 Realty #21215665 Report a problem
    9/26/2003Sold$24,182
    Source: MIBOR as distributed by MLS GRID #2336823 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,842 +0%$170,800 +5.5%
    2024$3,840 +15%$161,900
    2023$3,341 +31.7%$161,900 +14.4%
    2022$2,538 +14.1%$141,500 +28.6%
    2021$2,223 +49%$110,000 +14.6%
    2020$1,492 +6.7%$96,000 +51.9%
    2019$1,398 +13.5%$63,200 +7.7%
    2018$1,232 +2.1%$58,700 +6.7%
    2017$1,206 +5.3%$55,000 +5.4%
    2016$1,145 -35.6%$52,200 -36.5%
    2014$1,777 -11.6%$82,200 +3.9%
    2013$2,010 $79,100 -11.7%
    2012$2,010 $89,600 -10%
    2011-- $99,600 +926.8%
    2010$202 -2.5%$9,700
    2009$207 $9,700
    Find assessor info on the county website

    Neighborhood: Fairgrounds

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $227,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $227,400