Live in one side and let the other help pay the mortgage! This updated duplex offers a fantastic opportunity for an owner-occupant looking to house hack or an investor seeking a versatile addition to their portfolio. Each unit features 2 bedrooms, 1.5 baths, plus finished third-floor attic space offering valuable flexibility as a bonus room, home office, dressing area, hobby space, or additional storage. Both units have benefited from numerous updates and improvements. The 515 side features renovated bathrooms, updated kitchen finishes including granite and butcher block countertops, updated plumbing and light fixtures, newer carpeting, a repaired rear porch, replacement dishwasher and recently replaced washing machine. A portion of the exterior sewer line serving the property was also replaced approximately two years ago. The 517 side has been freshly painted throughout and features new granite kitchen countertops, an updated upstairs bathroom, updated plumbing and light fixtures, newer carpeting throughout the stairways and third floor, a newer refrigerator, and recently replaced washer and dryer. The rear deck has also received additional repairs and fresh paint. With two spacious units, flexible finished attic areas, separate living spaces, and extensive updates already completed, this property offers options for a variety of buyers. Live in one unit while generating rental income from the other, rent both units for investment income, or create a multigenerational living arrangement while maintaining separate spaces.Conveniently located with access to everything Indianapolis has to offer, 515-517 Sutherland is ready for its next chapter. Home is on Indiana Historic Landmark Registry (see attached covenant).
Active
$417,000
515 Sutherland Ave, Indianapolis, IN 46205
4beds
2baths
--sqft
Multi Family, Duplex
Built in 1900
-- sqft lot
$406,600 Zestimate®
$--/sqft
$-- HOA
What's special
Finished third-floor attic spaceRepaired rear porchNewer carpetingReplacement dishwasherRecently replaced washing machineRenovated bathrooms
- 41 days
- 220
- 28
Zillow last checked:
Listing updated:
Listed by:
Dawn McClara dawn.mcclara@talktotucker.com,
F.C. Tucker Company,
Will Lonnemann,
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22124636
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Main level bathrooms: 4
Heating
- Forced Air
Cooling
- Separate Meters
Appliances
- Laundry: Connections All
Features
- Has basement: Yes
Property
Parking
- Details: Unit Parking(Guest Parking, Unpaved)
Features
- Levels: Three Or More
- Fencing: Fenced,Partial
Lot
- Size: 3,484 Square Feet
- Features: Sidewalks, Mature Trees
Details
- Parcel number: 490625113035000101
- Special conditions: Historic District
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman,Traditional
- Property subtype: Multi Family, Duplex
Materials
- Wood Siding
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1900
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Wrights Park Ave
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $388,200
- Annual tax amount: $9,248
- Date on market: 9/5/2026
- Cumulative days on market: 42 days
- Tenant pays: All Utilities
- Road surface type: Asphalt
Estimated market value
$406,600
$386,000 - $427,000
$1,311/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2026 | Listed for sale | $417,000+21.6% |
Source: | ||
| 9/2/2021 | Sold | $343,000+4.3% |
Source: | ||
| 7/12/2021 | Pending sale | $329,000 |
Source: | ||
| 7/10/2021 | Listed for sale | $329,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,538 +38.6% | $388,200 +7.9% |
| 2024 | $6,162 +4.3% | $359,800 |
| 2023 | $5,906 +44.3% | $359,800 +5.8% |
| 2022 | $4,094 -27.7% | $340,200 +39.2% |
| 2021 | $5,660 +2.8% | $244,400 |
| 2020 | $5,505 +85.8% | $244,400 +4.8% |
| 2019 | $2,964 +16.5% | $233,200 +87.5% |
| 2018 | $2,544 +0.4% | $124,400 +3.8% |
| 2017 | $2,532 -2.2% | $119,800 |
| 2016 | $2,590 +9493.1% | $119,800 +4.7% |
| 2014 | $27 | $114,400 |
| 2013 | $27 | $114,400 +0.9% |
| 2012 | -- | $113,400 +50.2% |
| 2011 | -- | $75,500 |
| 2010 | -- | $75,500 |
| 2009 | -- | $75,500 -8.2% |
| 2007 | -- | $82,200 |
Find assessor info on the county website
Monthly payment
Est. payment






