Turn-key duplex investment opportunity at 5939 E. 24th Street offering immediate income potential with projected Section 8 rents of approximately $1,200 per side ($2,400/month total potential income). This vacant multifamily property features two spacious units, each offering 2 bedrooms and 1 full bath with functional layouts and low-maintenance living. Recent upgrades include new roof. Perfect for investors or owner-occupants looking to house hack, this move-in-ready duplex allows flexibility to place tenants at market rent or occupy one side while generating income from the other. A great opportunity to add a cash-flowing asset to your portfolio.
Pending
$159,900
5939 E 24th St, Indianapolis, IN 46218
4beds
2baths
--sqft
Multi Family, Duplex
Built in 1951
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Functional layoutsSpacious unitsNew roof
- 23 days |
- 425 |
- 48 |
Zillow last checked:
Listing updated:
Listed by:
Hayley Wild 317-405-7915,
Compass Indiana, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22108805
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Appliances
- Laundry: Other
Property
Parking
- Details: Unit Parking(On Street)
Lot
- Size: 9,583 Square Feet
- Features: Other
Details
- Parcel number: 490727101029000701
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Wood With Stone
Condition
- New construction: No
- Year built: 1951
Community & HOA
Community
- Subdivision: W Arlington
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $118,200
- Annual tax amount: $2,543
- Date on market: 6/21/2026
- Cumulative days on market: 25 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Pending sale | $159,900 |
Source:  MIBOR as distributed by MLS GRID #22108805 Report a problem | ||
| 6/21/2026 | Listed for sale | $159,900+299.8% |
Source: MIBOR as distributed by MLS GRID #22108805 Report a problem | ||
| 8/2/2023 | Sold | $40,000-1.2% |
Source: Public Record Report a problem | ||
| 8/14/2006 | Sold | $40,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,544 +5.3% | $118,200 +10.3% |
| 2024 | $2,415 +37.1% | $107,200 +5.3% |
| 2023 | $1,761 +35.4% | $101,800 +36.5% |
| 2022 | $1,301 +76.7% | $74,600 +32.3% |
| 2021 | $736 -6.6% | $56,400 +77.4% |
| 2020 | $789 -0.9% | $31,800 -4.8% |
| 2019 | $796 -42.2% | $33,400 |
| 2018 | $1,376 -10.2% | $33,400 |
| 2017 | $1,532 +143.2% | $33,400 +16% |
| 2016 | $630 +71.4% | $28,800 +69.4% |
| 2014 | $368 -14.7% | $17,000 |
| 2013 | $431 | $17,000 -11.5% |
| 2012 | $431 | $19,200 -13.1% |
| 2011 | -- | $22,100 |
| 2010 | $459 -5.9% | $22,100 -3.5% |
| 2009 | $488 | $22,900 +3.6% |
| 2007 | -- | $22,100 -3.1% |
| 2006 | -- | $22,800 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Eastside
Nearby schools
GreatSchools rating
- 2/10Arlington Woods School 99Grades: PK-6Distance: 2.3 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 5 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 4.1 mi
- $148,4002 bd-- ba816 sqft5931 E 24th St, Indianapolis, IN 46218Off Market
- $110,0002 bd1 ba-- sqft5947 E 24th St, Indianapolis, IN 46218Sold
- $117,3002 bd1 ba816 sqft5925 E 24th St, Indianapolis, IN 46218Off Market
- $121,4002 bd1 ba846 sqft5949 E 24th St, Indianapolis, IN 46218Off Market
- $9502 bd1 ba816 sqft5923 E 24th St, Indianapolis, IN 46218For Rent
- $105,0002 bd-- ba816 sqft5955 E 24th St, Indianapolis, IN 46218Sold
- $--1 bd1 ba816 sqft5959 E 24th St, Indianapolis, IN 46218Off Market
- $117,5002 bd1 ba846 sqft2410 W Arlington Ct, Indianapolis, IN 46218Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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