Turnkey Investment Opportunity on Indy's Westside! Near Downtown Indianapolis! Don't miss this beautifully updated, income-producing duplex just minutes from downtown Indianapolis, the Indianapolis Zoo, IUPUI, White River State Park, major interstates, shopping, dining, and entertainment. Whether you're looking to expand your investment portfolio or owner-occupy while generating rental income, this well-maintained property offers immediate cash flow and outstanding long-term potential. Both units have been extensively remodeled and are currently configured and used as 2-bedroom, 1-bath units thanks to the finished basement space, offering additional living flexibility beyond the original layout. Each unit features updated interiors, washer and dryer hookups, private rear parking, and separate living spaces designed for comfortable everyday living.Major capital improvements have already been completed, including a roof and furnaces that have been replaced within the past four years, providing peace of mind for years to come.The property is fully occupied with reliable, long-term tenants. Unit 45 currently rents for $1,050/month, and Unit 47 rents for $1,100/month, producing $2,150 in monthly rental income ($25,800 annually). Both tenants are on month-to-month leases and have a strong history of consistent, on-time payments. Tenants pay all utilities except water, which is paid by the seller and averages approximately $115 per month for both units combined. Whether you're a seasoned investor or just getting started, this is an excellent opportunity to acquire a well-maintained duplex with immediate income, strong rental history, and a convenient location close to everything Indianapolis has to offer.
Active
$239,999
45 S Belleview Pl, Indianapolis, IN 46222
4beds
2baths
--sqft
Multi Family, Duplex
Built in 1924
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Finished basement spaceExtensively remodeledWasher and dryer hookupsPrivate rear parkingSeparate living spacesBeautifully updatedUpdated interiors
- 42 days
- 170
- 19
Zillow last checked:
Listing updated:
Listed by:
Heather Ludlow 317-698-2311,
Greene Realty, LLC,
Matthew Ludlow,
Greene Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22115026
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Features
- Basement: Finished,Partial
Property
Parking
- Parking features: None
Lot
- Size: 5,662 Square Feet
Details
- Parcel number: 491109140049000901
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Condition
- New construction: No
- Year built: 1924
Community & HOA
Community
- Subdivision: Carpenters Home Place
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $142,700
- Annual tax amount: $3,478
- Date on market: 7/18/2026
- Cumulative days on market: 44 days
- Tenant pays: Cable TV, Electricity, Gas, Insurance, Sewer, Trash Collection
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/18/2026 | Listed for sale | $239,999 |
Source: | ||
| 1/23/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/18/2023 | Listed for rent | $1,050 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,344 +8.5% | $142,700 +1.3% |
| 2024 | $3,081 +2.7% | $140,900 +8.5% |
| 2023 | $3,001 +44.7% | $129,900 +2.2% |
| 2022 | $2,074 +16.6% | $127,100 +41.4% |
| 2021 | $1,778 +2.9% | $89,900 +17.1% |
| 2020 | $1,728 +15.9% | $76,800 +4.9% |
| 2019 | $1,491 +5.3% | $73,200 +16.9% |
| 2018 | $1,416 +10% | $62,600 -1.7% |
| 2017 | $1,287 +4.4% | $63,700 +12.1% |
| 2016 | $1,233 +12.5% | $56,800 +12% |
| 2014 | $1,096 -10% | $50,700 -3.6% |
| 2013 | $1,218 | $52,600 -3.1% |
| 2012 | $1,218 | $54,300 +14.8% |
| 2011 | -- | $47,300 -3.7% |
| 2010 | $1,021 -2.5% | $49,100 |
| 2009 | $1,046 | $49,100 -6.7% |
| 2007 | -- | $52,600 |
| 2005 | -- | $52,600 |
| 2004 | -- | $52,600 -14.5% |
| 2003 | -- | $61,500 +195.7% |
| 2002 | -- | $20,800 +200.1% |
| 2001 | -- | $6,930 |
| 2000 | -- | $6,930 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Near Westside
Nearby schools
Schools provided by the listing agent
- Elementary: William Penn School 49
- High: George Washington High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




