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  • $130,000

    4312 Norwaldo Ave, Indianapolis, IN 46205

    2beds
    1baths
    --sqft
    Multi Family, Duplex
    Built in 1945
    -- sqft lot
    $130,400 Zestimate®
    $--/sqft
    $1,194 Estimated rent

    Home value

    $130,400

    $124,000 - $137,000

    $1,194/mo

    Zestimate® history
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    $1,194/mo

    Rent Zestimate®

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    $875/mo

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    $875/mo

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    What's special

    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Maurice Brown 317-797-7672,

    Berkshire Hathaway Home

    Bought with:

    Butch Stanifer

    Stanifer & Associates Real Est

    Source: MIBOR as distributed by MLS GRID,MLS#: 22093545MLS Logo

    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: 117 days
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    9/4/2026Sold$130,000-25.7%
    Source: MIBOR as distributed by MLS GRID #22093545 Report a problem
    7/31/2026Listed for sale$175,000
    Source: MIBOR as distributed by MLS GRID #22093545 Report a problem
    7/11/2026Pending sale$175,000
    Source: MIBOR as distributed by MLS GRID #22093545 Report a problem
    4/20/2026Listed for sale$175,000+180%
    Source: MIBOR as distributed by MLS GRID #22093545 Report a problem
    12/6/2023Listing removed--
    Source: Zillow Rentals Report a problem
    11/16/2023Listed for rent$850
    Source: Zillow Rentals Report a problem
    11/16/2023Listing removed--
    Source: Zillow Rentals Report a problem
    10/20/2023Price change$850-5%
    Source: Zillow Rentals Report a problem
    10/14/2023Price change$895-5.8%
    Source: Zillow Rentals Report a problem
    9/30/2023Listed for rent$950+111.1%
    Source: Zillow Rentals Report a problem
    6/4/2019Sold$62,500+38.9%
    Source: Public Record Report a problem
    3/1/2012Listing removed$450
    Source: Lifetime Properties Report a problem
    2/10/2012Listed for rent$450
    Source: Lifetime Properties Report a problem
    10/2/2011Listing removed$450
    Source: Lifetime Properties Report a problem
    8/4/2011Listed for rent$450
    Source: Lifetime Properties Report a problem
    3/11/2011Listing removed$450
    Source: Lifetime Properties Report a problem
    1/20/2011Listed for rent$450
    Source: Lifetime Properties Report a problem
    7/24/2009Sold$45,000+125%
    Source: MIBOR as distributed by MLS GRID #2903262 Report a problem
    6/30/2008Sold$20,000-27.3%
    Source: MIBOR as distributed by MLS GRID #2813617 Report a problem
    4/21/2008Price change$27,500-12.7%
    Source: Listhub #2813617 Report a problem
    3/15/2008Listed for sale$31,500-22.3%
    Source: Listhub #2813617 Report a problem
    1/10/2008Sold$40,544
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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

    Neighborhood: Fairgrounds

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $130,400
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $130,400