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Sold
  • $505,000

    518 Prospect St, Indianapolis, IN 46203

    6beds
    4baths
    --sqft
    Multi Family, Duplex
    Built in 1921
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $3,108 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,108/mo

    Zestimate® history
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    What's special

    This fully renovated luxury duplex is a rare gem, perfectly situated between the vibrant neighborhoods of Bates-Hendricks, Fletcher Place, and Fountain Square. Ideal for a house hacker, long-term investor, or Airbnb host, this property offers exceptional versatility and value. Each spacious unit boasts 3 large bedrooms, 2 bathrooms, and an open-concept living area that flows seamlessly into a sleek, kitchen, designed for both comfort and entertaining. Every inch of this duplex has been meticulously updated with brand-new finishes and stylish touches. Located in one of the most sought-after areas of town, it offers convenience-walk or bike to Eli Lilly, explore nearby downtown hotspots, or hop on the highway within minutes for an effortless commute. Whether you're looking to live in one unit and rent out the other or capitalize on short-term rental opportunities, this property is a true investment goldmine. With cutting-edge renovations and prime location appeal, this duplex presents a unique opportunity to combine modern living with smart financial planning. Schedule your showing today and see why this property is the perfect blend of style, location, and investment potential!

    Zillow last checked:

    Listing updated:

    Listed by:

    Valerie Bunch 317-728-9618,

    Match House Realty Group LLC

    Bought with:

    Olubunmi Famosinpe

    eXp Realty, LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22006424MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Cooling
    • Has cooling: Yes
    Appliances
    • Laundry: Laundry Room
    Features
    • Has basement: Yes

    Property

    Parking
    • Parking features: Alley Access, Gravel
    • Details: Unit Parking(On Street, Other)
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Lighting
    Lot
    • Size: 3,049 Square Feet
    Details
    • Parcel number: 491112101044000101
    • Special conditions: Sales Disclosure Supplements

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary
    • Property subtype: Multi Family, Duplex
    Materials
    • Cement Siding
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1921

    Community & HOA

    Community
    • Security: Fire Alarm
    • Subdivision: Hendricks
    Location
    • Region: Indianapolis

    Financial & listing details

    • Tax assessed value: $320,600
    • Annual tax amount: $2,642
    • Date on market: 10/22/2024
    • Cumulative days on market: 77 days
    • Tenant pays: Electricity
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    8/17/2026Listing removed$7,194
    Source: Zillow Rentals Report a problem
    8/15/2026Price change$7,194-1.8%
    Source: Zillow Rentals Report a problem
    8/14/2026Price change$7,324-3.4%
    Source: Zillow Rentals Report a problem
    8/12/2026Price change$7,583-3.3%
    Source: Zillow Rentals Report a problem
    8/10/2026Price change$7,843-1.6%
    Source: Zillow Rentals Report a problem
    8/9/2026Price change$7,972-1.6%
    Source: Zillow Rentals Report a problem
    8/8/2026Price change$8,102-3.1%
    Source: Zillow Rentals Report a problem
    8/6/2026Price change$8,361-1.5%
    Source: Zillow Rentals Report a problem
    8/5/2026Price change$8,491-1.5%
    Source: Zillow Rentals Report a problem
    8/4/2026Price change$8,621-2.9%
    Source: Zillow Rentals Report a problem
    8/2/2026Price change$8,880-2.4%
    Source: Zillow Rentals Report a problem
    8/1/2026Price change$9,099+5.7%
    Source: Zillow Rentals Report a problem
    7/30/2026Price change$8,607+2.4%
    Source: Zillow Rentals Report a problem
    7/29/2026Price change$8,406+2.5%
    Source: Zillow Rentals Report a problem
    7/28/2026Price change$8,204+5.2%
    Source: Zillow Rentals Report a problem
    7/26/2026Price change$7,802+105.3%
    Source: Zillow Rentals Report a problem
    7/24/2026Price change$3,800+2.3%
    Source: Zillow Rentals Report a problem
    7/23/2026Price change$3,713+0.7%
    Source: Zillow Rentals Report a problem
    7/22/2026Price change$3,689+1.3%
    Source: Zillow Rentals Report a problem
    7/20/2026Price change$3,643+1.7%
    Source: Zillow Rentals Report a problem
    7/19/2026Price change$3,583+2.5%
    Source: Zillow Rentals Report a problem
    7/17/2026Price change$3,494+2.7%
    Source: Zillow Rentals Report a problem
    7/15/2026Price change$3,402+2.4%
    Source: Zillow Rentals Report a problem
    7/13/2026Price change$3,323-5.7%
    Source: Zillow Rentals Report a problem
    7/11/2026Listed for rent$3,522
    Source: Zillow Rentals Report a problem
    2/14/2025Sold$505,000+271.3%
    Source: MIBOR as distributed by MLS GRID #22006424 Report a problem
    3/27/2019Sold$136,000+1411.1%
    Source: Public Record Report a problem
    5/11/2010Sold$9,000
    Source: MIBOR as distributed by MLS GRID #21013268 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,471 +69.2%$320,600 +70.2%
    2024$2,642 +0.5%$188,400 +69.1%
    2023$2,630 +14.4%$111,400
    2022$2,300 +8.4%$111,400 +11.7%
    2021$2,121 -3.4%$99,700 +8.8%
    2020$2,196 +4%$91,600 -1.5%
    2019$2,111 -56.1%$93,000 +5%
    2018$4,810 +2.3%$88,600 +6.9%
    2017$4,700 +184.1%$82,900 -2.5%
    2016$1,654 +4.9%$85,000 +16.6%
    2014$1,576 +0.4%$72,900 +3%
    2013$1,570 $70,800 +1.1%
    2012$1,570 $70,000 +1.2%
    2011-- $69,200
    2010$1,439 -2.5%$69,200
    2009$1,475 $69,200 -9.8%
    2007-- $76,700 +824.1%
    2002-- $8,300 +199.6%
    2001-- $2,770
    2000-- $2,770
    Find assessor info on the county website

    Neighborhood: Near Southside

    Nearby schools

    GreatSchools rating
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