4405 Prospect St, Indianapolis, IN 46203
What's special
Investment Opportunity with Strong Cash Flow, this is it! Immediate income with this fully renovated 4-bedroom, 1-bath investment property. With lease in place through IHA at $2,310/month which aligns with key investor benchmarks. Move-in date of May 8, 2026. The home has been completely gutted down to the studs and thoughtfully remodeled from top to bottom, offering peace of mind and low maintenance for years to come. Major upgrades include, new metal roof, all-new mechanicals, updated electrical with a 200-amp panel, and a mini-split system with supplemental heat making this property incredibly cost-effective. Inside, the property features luxury vinyl plank flooring throughout, a beautifully updated kitchen with granite countertops, new cabinetry, stainless steel appliances, and modern finishes, plus recessed lighting and contemporary touches that elevate the entire space. The functional layout offers four bedrooms, providing flexibility and strong rental appeal. Additional improvements such as new windows, exterior siding, and a tankless water heater offer enhanced efficiency and long-term value. Whether you're expanding your portfolio or securing your first investment, this is a true turnkey opportunity with built-in returns from day one.
- 158 days |
- 122 |
- 5 |
Travel times
Living Room
Kitchen
Dining Room
Zillow last checked:
Listing updated:
Patricia McCormick tmccormick@truebloodre.com,
Trueblood Real Estate
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 4
Primary bedroom
- Level: Main
- Area: 137.8 Square Feet
- Dimensions: 13x10.6
Bedroom 2
- Level: Main
- Area: 91.02 Square Feet
- Dimensions: 11.1x8.2
Bedroom 3
- Level: Main
- Area: 138.99 Square Feet
- Dimensions: 12.3x11.3
Bedroom 4
- Level: Main
- Area: 165.12 Square Feet
- Dimensions: 9.6x17.2
Dining room
- Level: Main
- Area: 92.66 Square Feet
- Dimensions: 8.2x11.3
Kitchen
- Level: Main
- Area: 48.44 Square Feet
- Dimensions: 4.0x12.11
Living room
- Level: Main
- Area: 204.16 Square Feet
- Dimensions: 11.6x17.6
Heating
- Zoned, Electric, Wall Furnace
Cooling
- Dual, Wall Unit(s)
Appliances
- Included: Microwave, Electric Oven, Refrigerator
- Laundry: Connections All, Main Level
Features
- Vaulted Ceiling(s), Eat-in Kitchen
- Has basement: No
Interior area
- Total structure area: 960
- Total interior livable area: 960 sqft
Video & virtual tour
Property
Parking
- Parking features: On Street
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio, Porch
Lot
- Size: 0.26 Acres
- Features: Sidewalks
Details
- Parcel number: 491016151012000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Crawl Space
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1949
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $198/sqft
- Tax assessed value: $55,000
- Annual tax amount: $324
- Date on market: 5/1/2026
- Cumulative days on market: 102 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 7/20/2026 | Listed for sale | $189,900$198/sqft |
Source:  MIBOR as distributed by MLS GRID #22099054 | ||
| 7/9/2026 | Pending sale | $189,900$198/sqft |
Source: MIBOR as distributed by MLS GRID #22099054 | ||
| 5/13/2026 | Price change | $189,900-3.1%$198/sqft |
Source: MIBOR as distributed by MLS GRID #22099054 | ||
| 5/1/2026 | Listed for sale | $195,900-2%$204/sqft |
Source: MIBOR as distributed by MLS GRID #22099054 | ||
| 4/29/2026 | Listing removed | $199,900$208/sqft |
Source: MIBOR as distributed by MLS GRID #22095585 | ||
| 4/23/2026 | Listed for sale | $199,900$208/sqft |
Source: MIBOR as distributed by MLS GRID #22095585 | ||
| 4/21/2026 | Listing removed | $2,000$2/sqft |
Source: Zillow Rentals | ||
| 4/9/2026 | Listed for rent | $2,000$2/sqft |
Source: Zillow Rentals | ||
| 4/9/2026 | Listing removed | $2,000$2/sqft |
Source: Zillow Rentals | ||
| 3/24/2026 | Listed for rent | $2,000$2/sqft |
Source: Zillow Rentals | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $323 -28.8% | $55,000 +16.5% |
| 2024 | $454 -14.8% | $47,200 -32.2% |
| 2023 | $533 +28.8% | $69,600 -7.2% |
| 2022 | $414 +3.5% | $75,000 +37.1% |
| 2021 | $400 +43.5% | $54,700 +3% |
| 2020 | $279 +6.5% | $53,100 +45.9% |
| 2019 | $262 -3.6% | $36,400 +9.6% |
| 2018 | $271 -57.5% | $33,200 -4% |
| 2017 | $638 +158.7% | $34,600 +4.5% |
| 2016 | $247 +1.4% | $33,100 -0.6% |
| 2014 | $243 -18.5% | $33,300 -1.8% |
| 2013 | $298 | $33,900 -5% |
| 2012 | $298 | $35,700 +3.5% |
| 2011 | -- | $34,500 |
| 2010 | $269 +11.4% | $34,500 |
| 2009 | $241 | $34,500 -5.5% |
| 2007 | -- | $36,500 +19.7% |
| 2006 | -- | $30,500 +4.1% |
| 2005 | -- | $29,300 |
| 2004 | -- | $29,300 |
| 2003 | -- | $29,300 +125.4% |
| 2002 | -- | $13,000 +195.5% |
| 2001 | -- | $4,400 |
| 2000 | -- | $4,400 |
Find assessor info on the county website
Monthly payment
Estimated market value
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Climate risks
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