Pending

$214,900

5130 E Michigan St, Indianapolis, IN 46219

6beds

4baths

--sqft

$1,534/mo

Get pre-qualified

Multi Family, Duplex

Built in 1920

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Fantastic investment opportunity to own this duplex in the heart of Irvington, known for its historic charm and strong community feel. This property features 3 bedrooms and 2 full bathrooms in both units. Both units have Range and refrigerator as well as washer/dryer hookup on the main floor. Unit 2 is currently tenant occupied, providing $970 mo immediate cash flow. Unit 1 had been recently renting for $1,090 mo. Unit 1 has a new 90% gas furnace and newer LVP flooring and carpets and ready to be rented. Easy to maintain vinyl siding. Conveniently located near shopping, grocery stores, restaurants and Ellenberger Park. Property Sold as-is. Tenants pay all utilities except water/sewer. Tenants do not have access to the basement so could also provide another stream of income for storage.

55 days
233
15

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4

Heating

Electric, Forced Air, Natural Gas, High Efficiency (90%+ AFUE )

Cooling

Central Air

Appliances

Laundry: Connections All

Features

Basement: Unfinished

Property

Parking

Total spaces: 2
Parking features: Alley Access, Gravel
Details: Unit Parking(2 Car Space, On Street)

Features

Levels: Two
Stories: 2

Lot

Size: 5,662 Square Feet
Features: Access

Details

Parcel number: 491003114078000701
Special conditions: As Is

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Multi Family, Duplex
Attached to another structure: Yes

Materials

Foundation: Block
Roof: Asphalt

Condition

New construction: No
Year built: 1920

Community & HOA

Community

Subdivision: Emerson Ave Add

Location

Region: Indianapolis

Financial & listing details

Tax assessed value: $128,900
Annual tax amount: $3,174
Date on market: 7/16/2026
Cumulative days on market: 57 days
Tenant pays: Electricity, Gas
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/22/2026	Pending sale	$214,900
Source: MIBOR as distributed by MLS GRID #22114549 Report a problem
7/16/2026	Listed for sale	$214,900+814.5%
Source: MIBOR as distributed by MLS GRID #22114549 Report a problem
11/7/2006	Sold	$23,500-69.3%
Source: MIBOR as distributed by MLS GRID #2642640 Report a problem
7/12/2006	Sold	$76,500-36.3%
Source: Public Record Report a problem
11/24/2003	Sold	$120,000
Source: MIBOR as distributed by MLS GRID #2343226 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,494 +0.6%	$128,900 +22.6%
2024	$2,479 +31.1%	$105,100 +0.6%
2023	$1,891 +2.9%	$104,500 +30.5%
2022	$1,839 +19.2%	$80,100 +0.5%
2021	$1,542 -22.3%	$79,700 -6.1%
2020	$1,985 +10.2%	$84,900 +1%
2019	$1,801 -22.6%	$84,100 -28.5%
2018	$2,327 +75.8%	$117,700 +8.9%
2017	$1,324 +3.1%	$108,100 +82%
2016	$1,284 +13.3%	$59,400 +13.4%
2014	$1,133 -2.3%	$52,400 +2.3%
2013	$1,160	$51,200 -1%
2012	$1,160	$51,700 -25.2%
2011	--	$69,100 -32.3%
2010	$2,120 +0.7%	$102,000 +3.2%
2009	$2,106	$98,800 -9.9%
2007	--	$109,600 +104.5%
2006	--	$53,600