Opportunity knocks at 4312-4314 Norwaldo Ave! This duplex is perfectly positioned just steps from the Indiana State Fairgrounds, one of Indianapolis' most active event hubs, bringing year-round traffic from the Indiana State Fair, concerts, festivals, and exhibitions. The location alone makes this property a standout for investors looking to capitalize on strong rental demand and future appreciation. Each unit features 2 bedrooms and 1 bathroom, with basement laundry offering added convenience for tenants. While the property could use some TLC, it presents a fantastic value-add opportunity for those looking to renovate, increase rents, and build equity quickly. Whether you're considering a full renovation, light cosmetic updates, or a long-term hold strategy, the upside here is clear. A great addition to any portfolio. Don't miss your chance to turn potential into profit in one of Indianapolis' most active and accessible locations!
Pending
$175,000
4312 Norwaldo Ave, Indianapolis, IN 46205
2beds
1baths
--sqft
Multi Family, Duplex
Built in 1945
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 89 days |
- 278 |
- 17 |
Zillow last checked:
Listing updated:
Listed by:
Maurice Brown 317-797-7672,
Berkshire Hathaway Home
Source: MIBOR as distributed by MLS GRID,MLS#: 22093545
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Appliances
- Laundry: In Basement
Features
- Basement: Interior Entry
Property
Parking
- Parking features: On Street
Features
- Levels: One
- Stories: 1
Lot
- Size: 7,840 Square Feet
- Features: Sidewalks
Details
- Parcel number: 490718106033000801
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Materials
- Block
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1945
Community & HOA
Community
- Subdivision: Montrose
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $151,300
- Annual tax amount: $3,348
- Date on market: 4/20/2026
- Cumulative days on market: 91 days
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/11/2026 | Pending sale | $175,000 |
Source:  MIBOR as distributed by MLS GRID #22093545 Report a problem | ||
| 4/20/2026 | Listed for sale | $175,000+180% |
Source: MIBOR as distributed by MLS GRID #22093545 Report a problem | ||
| 12/6/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/16/2023 | Listed for rent | $850 |
Source: Zillow Rentals Report a problem | ||
| 11/16/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/20/2023 | Price change | $850-5% |
Source: Zillow Rentals Report a problem | ||
| 10/14/2023 | Price change | $895-5.8% |
Source: Zillow Rentals Report a problem | ||
| 9/30/2023 | Listed for rent | $950+111.1% |
Source: Zillow Rentals Report a problem | ||
| 6/4/2019 | Sold | $62,500+38.9% |
Source: Public Record Report a problem | ||
| 3/1/2012 | Listing removed | $450 |
Source: Lifetime Properties Report a problem | ||
| 2/10/2012 | Listed for rent | $450 |
Source: Lifetime Properties Report a problem | ||
| 10/2/2011 | Listing removed | $450 |
Source: Lifetime Properties Report a problem | ||
| 8/4/2011 | Listed for rent | $450 |
Source: Lifetime Properties Report a problem | ||
| 3/11/2011 | Listing removed | $450 |
Source: Lifetime Properties Report a problem | ||
| 1/20/2011 | Listed for rent | $450 |
Source: Lifetime Properties Report a problem | ||
| 7/24/2009 | Sold | $45,000+125% |
Source: MIBOR as distributed by MLS GRID #2903262 Report a problem | ||
| 6/30/2008 | Sold | $20,000-27.3% |
Source: MIBOR as distributed by MLS GRID #2813617 Report a problem | ||
| 4/21/2008 | Price change | $27,500-12.7% |
Source: Listhub #2813617 Report a problem | ||
| 3/15/2008 | Listed for sale | $31,500-22.3% |
Source: Listhub #2813617 Report a problem | ||
| 1/10/2008 | Sold | $40,544-17.3% |
Source: Public Record Report a problem | ||
| 3/30/2004 | Sold | $49,000 |
Source: MIBOR as distributed by MLS GRID #2405653 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,348 +0% | $151,300 +7.2% |
| 2024 | $3,347 +11.1% | $141,100 |
| 2023 | $3,013 +31.6% | $141,100 +10.6% |
| 2022 | $2,288 +14.6% | $127,600 +28.6% |
| 2021 | $1,996 +5.7% | $99,200 +15.1% |
| 2020 | $1,889 +4% | $86,200 +7.8% |
| 2019 | $1,815 +15.2% | $80,000 +5% |
| 2018 | $1,576 +5.8% | $76,200 +7% |
| 2017 | $1,489 +1.8% | $71,200 +6% |
| 2016 | $1,462 +1% | $67,200 +0.3% |
| 2014 | $1,449 +5% | $67,000 +4% |
| 2013 | $1,380 | $64,400 +4.7% |
| 2012 | $1,380 | $61,500 +11% |
| 2011 | -- | $55,400 |
| 2010 | $1,152 -5.2% | $55,400 -2.8% |
| 2009 | $1,215 | $57,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Fairgrounds
Nearby schools
GreatSchools rating
- 6/10Rousseau McClellan School 91Grades: PK-5Distance: 0.8 mi
- NAJoyce Kilmer School 69Grades: 6Distance: 1.2 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 1.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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