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  • $220,000

    5021 Orion Ave, Indianapolis, IN 46201

    4beds
    2baths
    --sqft
    Multi Family, Duplex
    Built in 1920
    -- sqft lot
    $237,900 Zestimate®
    $--/sqft
    $1,311 Estimated rent

    Home value

    $237,900

    $226,000 - $250,000

    $1,311/mo

    Zestimate® history
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    $1,461/mo

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    What's special

    Updated duplexModern kitchensUpdated finishes throughoutRefreshed kitchens and bathroomsNewer flooring
    Discover a rare investment opportunity just minutes from downtown Indianapolis at 5021 Orion Avenue. Perfectly positioned near the Christian Park and historic Irvington corridor, this updated duplex blends convenience and flexibility in one desirable package. Located less than 15 minutes from Monument Circle and just steps from the bus line, this property offers convenient urban access and convenience whether you're a seasoned investor or a first-time homebuyer looking to house hack. Each side of this duplex features two bedrooms and one full bath, with bright, spacious living areas, modern kitchens, and updated finishes throughout. The floorplans are nearly identical, offering efficient use of space and a comfortable flow from room to room. Both units have been thoughtfully improved with newer flooring, refreshed kitchens and bathrooms, and updated electrical and plumbing systems for peace of mind and reduced maintenance costs. The fenced yard provides private outdoor space-perfect for tenants, pets, or anyone who enjoys a little green space near the city. The left side of the property is currently tenant-occupied, providing immediate rental income for the next owner. Tenant rights apply, while the right side is vacant and ready for occupancy. This makes the property ideal for anyone looking to live in one unit while renting out the other, or for investors seeking a fully leased duplex with strong long-term potential. Turnkey duplexes like this are rare in this area, especially those that have already been updated and are ready to generate income from day one. Whether you're building your portfolio or searching for a smart first home that helps pay for itself, 5021 Orion Avenue offers both immediate value and long-term upside. Updated, well-located multi-family properties near the city center are becoming increasingly hard to find and this one stands out as a truly turnkey opportunity.

    Zillow last checked:

    Listing updated:

    Listed by:

    Clay Burris 317-508-9823,

    Highgarden Real Estate

    Bought with:

    Alexander Kovacs

    Canull Group LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22072167MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Laundry: In Basement
    Features
    • Basement: Unfinished

    Property

    Parking
    • Details: Unit Parking(On Street)
    Features
    • Levels: Two
    • Stories: 2
    • Fencing: Fenced,Privacy
    Lot
    • Size: 3,049 Square Feet
    • Features: Access, Curbs, Sidewalks
    Details
    • Parcel number: 491009159034000101

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family, Duplex
    Materials
    • Block
    • Foundation: Block
    Condition
    • New construction: No
    • Year built: 1920

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: Latonia Park
    Location
    • Region: Indianapolis

    Financial & listing details

    • Tax assessed value: $103,500
    • Annual tax amount: $2,476
    • Date on market: 1/7/2026
    • Cumulative days on market: 8 days

    Price history

    DateEventPrice
    2/20/2026Sold$220,000-8.3%
    Source: MIBOR as distributed by MLS GRID #22072167 Report a problem
    1/15/2026Pending sale$240,000
    Source: MIBOR as distributed by MLS GRID #22072167 Report a problem
    1/7/2026Listed for sale$240,000+210.1%
    Source: MIBOR as distributed by MLS GRID #22072167 Report a problem
    11/3/2025Listing removed$1,050
    Source: Zillow Rentals Report a problem
    10/6/2025Listed for rent$1,050+10.5%
    Source: Zillow Rentals Report a problem
    11/6/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    10/24/2021Listed for rent$950+2.7%
    Source: Zillow Rental Manager Report a problem
    12/4/2019Listing removed$925
    Source: LeaseRunner Report a problem
    12/3/2019Listed for rent$925+60.9%
    Source: LeaseRunner Report a problem
    5/3/2019Sold$77,400+810.6%
    Source: Public Record Report a problem
    7/14/2017Listing removed$575
    Source: Zillow Rental Manager Report a problem
    7/5/2017Listed for rent$575+4.5%
    Source: Zillow Rental Manager Report a problem
    9/4/2014Listing removed$550
    Source: SBHInc.managebuilding.com Report a problem
    6/23/2014Listed for rent$550
    Source: SBHInc.managebuilding.com Report a problem
    2/18/2014Sold$8,500-49.7%
    Source: Public Record Report a problem
    1/28/2014Listed for sale$16,900-32.4%
    Source: Puma Properties, LLC Report a problem
    11/21/2005Sold$25,000
    Source: MIBOR as distributed by MLS GRID #2541064 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,475 +1.6%$103,500 -0.8%
    2024$2,436 +5.6%$104,300 +1.6%
    2023$2,307 +15.3%$102,700 +5.1%
    2022$2,000 +10%$97,700 +12.7%
    2021$1,818 +7.1%$86,700 +10.4%
    2020$1,697 +8.1%$78,500 +9.2%
    2019$1,570 +17.5%$71,900 +9.1%
    2018$1,336 -0.5%$65,900 +10%
    2017$1,343 +8.3%$59,900 +4.9%
    2016$1,240 +1.5%$57,100 +1.1%
    2014$1,222 +155.7%$56,500
    2013$478 $56,500 +1.4%
    2012$478 $55,700 +16.3%
    2011-- $47,900
    2010$1,001 -2.4%$47,900
    2009$1,025 $47,900 -6.8%
    2007-- $51,400
    Find assessor info on the county website

    Neighborhood: Christian Park

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $237,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $237,900