Don't miss this cash-flowing duplex and excellent investment opportunity with solid rental history. Unit 558 is leased through March 2026, offering long-term stability. Unit 556 is currently on a month-to-month lease with a reliable tenant in place since 2021. Each side features separate entrances and functional layouts, ideal for continued rental income or future owner-occupancy. Great opportunity to build or expand your rental portfolio!
Sold
$169,000
556 N Gray St, Indianapolis, IN 46201
4beds
2baths
--sqft
Multi Family, Duplex
Built in 1910
-- sqft lot
$171,000 Zestimate®
$--/sqft
$1,143 Estimated rent
Home value
$171,000
$157,000 - $186,000
$1,143/mo
Zestimate® history
Owner options
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$1,143/mo
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$1,143/mo
Rent Zestimate®
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$1,111/mo
Est. payment
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$1,111/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Zachary Purdy 317-793-3491,
Berkshire Hathaway Home
Bought with:
Jenni Bliss McMillion
@properties
Source: MIBOR as distributed by MLS GRID,MLS#: 22030691
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Features
- Has basement: Yes
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 5,662 sqft
Details
- Parcel number: 491005155019000101
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Condition
- New construction: No
- Year built: 1910
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Langes E Michigan St
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2025 | Sold | $169,000 |
Source:  MIBOR as distributed by MLS GRID #22030691 Report a problem | ||
| 5/5/2025 | Pending sale | $169,000 |
Source: MIBOR as distributed by MLS GRID #22030691 Report a problem | ||
| 4/15/2025 | Listed for sale | $169,000+9% |
Source: MIBOR as distributed by MLS GRID #22030691 Report a problem | ||
| 4/14/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/3/2021 | Listed for rent | $750 |
Source: Zillow Rental Network Premium Report a problem | ||
| 2/5/2021 | Sold | $155,000+210% |
Source: Public Record Report a problem | ||
| 11/12/2020 | Sold | $50,000+1566.7% |
Source: Public Record Report a problem | ||
| 8/21/2009 | Sold | $3,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,003 +6.5% | $212,700 +26.1% |
| 2024 | $3,757 +4.3% | $168,700 +6.5% |
| 2023 | $3,603 +83.7% | $158,400 +3.8% |
| 2022 | $1,961 +691.4% | $152,600 +79.5% |
| 2021 | $248 +3.9% | $85,000 +694.4% |
| 2020 | $238 +20.6% | $10,700 +5.9% |
| 2019 | $198 -16.2% | $10,100 +21.7% |
| 2018 | $236 -30% | $8,300 +2.5% |
| 2017 | $337 +143% | $8,100 +20.9% |
| 2016 | $139 +10.7% | $6,700 +15.5% |
| 2014 | $125 -18.1% | $5,800 |
| 2013 | $153 | $5,800 -12.1% |
| 2012 | $153 | $6,600 -46.8% |
| 2011 | -- | $12,400 |
| 2010 | $263 -2.1% | $12,400 |
| 2009 | $269 | $12,400 |
| 2007 | -- | $12,400 |
Find assessor info on the county website
Neighborhood: Near Eastside
Nearby schools
GreatSchools rating
- 4/10Thomas D. Gregg School 15Grades: PK-5Distance: 0.5 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 2.1 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Brookside School 54
- Middle: H L Harshman Middle School
- High: Arsenal Technical High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$171,000
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
$171,000
- Indiana
- Marion County
- Indianapolis
- 46201
- Near Eastside
- 556 N Gray St
Nearby cities
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