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Off market
  • $202,500

    460 N State Ave, Indianapolis, IN 46201

    10beds
    2,990sqft
    MultiFamily
    Built in 1915
    -- sqft lot
    $202,500 Zestimate®
    $68/sqft
    $1,195 Estimated rent

    Home value

    $202,500

    $186,000 - $221,000

    $1,195/mo

    Zestimate® history
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    Owner options

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    $1,195/mo

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    $1,195/mo

    Rent Zestimate®

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    $1,312/mo

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    $1,312/mo

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    What's special

    ZONED D8 (sober Living) Does not need special licenses - just the zoning Currently being used as Sleeping Rooms Current Monthly Cash Flow is $3010/mo from the left side only $140/week per room When the Right side is used as sleeping rooms Monthly Cash Flow is $6020/mo SOBER LIVING (working conservatively) $800/bed/mo with 2 beds per room (total of 20 beds) = gross $16,000/mo or $196,000 /yr Could Be up to 34 beds 4 rooms are large enough for 4 beds & the remaining 6 are large enough for 2-3 beds per room Remodelled Exterior has been remodelled Interior has been remodelled ( may need some finishes) Electric updated Brand new roof New water heater All new windows Onsite property manager is currently in place Can line up a sober living property manager (if needed) Great opportunity for an investor to utilize the cash flow from the left side until the right side/sober living is cash flowing. To see all properties visit website & look at spreadsheet

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Other
    Appliances
    • Included: Microwave, Range / Oven, Refrigerator
    Features
    • Flooring: Linoleum / Vinyl
    • Basement: Unfinished
    Interior area
    • Total interior livable area: 2,990 sqft

    Property

    Features
    • Has view: Yes
    • View description: City
    Lot
    • Size: 4,900 sqft
    Details
    • Parcel number: 491006122011000101

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Asphalt
    Condition
    • Year built: 1915

    Community & neighborhood

    Location
    • Region: Indianapolis

    Price history

    DateEventPrice
    10/31/2023Listing removed--
    Source: Owner Report a problem
    8/2/2023Price change$460,000-8%$154/sqft
    Source: Owner Report a problem
    7/6/2023Listed for sale$500,000+11.1%$167/sqft
    Source: Owner Report a problem
    6/1/2023Listing removed--
    Source: MIBOR as distributed by MLS GRID #21898183 Report a problem
    12/30/2022Listed for sale$450,000+1025%$151/sqft
    Source: MIBOR as distributed by MLS GRID #21898183 Report a problem
    10/18/2007Sold$40,000$13/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,050 +0%$229,400 +7.8%
    2024$5,048 +9%$212,800
    2023$4,632 +19%$212,800 +8.5%
    2022$3,894 +364.5%$196,200 +16.2%
    2021$838 +1.7%$168,800 +366.3%
    2020$824 +1.7%$36,200 +3.7%
    2019$810 -64.5%$34,900 +2.6%
    2018$2,280 -14.6%$34,000 +2.4%
    2017$2,669 +276.3%$33,200 +1.8%
    2016$709 +2.8%$32,600 -33.5%
    2014$690 -36.5%$49,000
    2013$1,086 $49,000 -41.2%
    2012$1,086 $83,400 +86.6%
    2011-- $44,700
    2010$934 -2.4%$44,700
    2009$957 $44,700 -54.1%
    2007-- $97,300

    Find assessor info on the county website

    Neighborhood: Near Eastside

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $202,500
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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
    $202,500