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Sold
  • $180,000

    631 Terrace Ave, Indianapolis, IN 46203

    4beds
    3baths
    --sqft
    Multi Family, Duplex
    Built in 1902
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $2,396 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,396/mo

    Zestimate® history
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    What's special

    It's your lucky day! Buyer financing fell through so we're back on the market. Be part of the exciting revival of the Old Southside, Bates-Hendricks, and South Park neighborhoods. This early 20th-century duplex offers a unique opportunity for investors or visionary homeowners. With over 2,600 total square feet (m/l), the property is ready for renovation-restore it to its original single-family layout or update both units for solid rental income. The main level features 3 bedrooms and 2 full bathrooms, while the upper unit includes 1 bedroom and 1 full bathroom, accessible via a separate entrance. Whether you're looking to house hack, invest, or fully restore, there's plenty of space and potential to bring your vision to life. Explore the possibilities in one of Indy's most rapidly evolving areas, just minutes from downtown, restaurants, entertainment, and public transit. All appliances in the home stay.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Rodney Forrest 317-502-2920,

    eXp Realty, LLC

    Bought with:

    Alexander Moore

    FULL CANOPY REAL ESTATE, LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22039038MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    Heating
    • None
    Cooling
    • None
    Appliances
    • Laundry: Connections All
    Features
    • Basement: Unfinished

    Property

    Parking
    • Total spaces: 1
    • Parking features: Concrete
    • Details: Unit Parking(1 Car Space, On Street, Other)
    Features
    • Levels: One and One Half
    • Stories: 1
    Lot
    • Size: 3,484 sqft
    • Features: Sidewalks
    Details
    • Parcel number: 491113123041000101
    • Special conditions: As Is,Fixer Upper,Needs Updating,Sales Disclosure Supplements

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Multi Family, Duplex
    Materials
    • Vinyl Siding
    • Foundation: Block, Brick/Mortar
    Condition
    • New construction: No
    • Year built: 1902

    Community & neighborhood

    Location
    • Region: Indianapolis
    • Subdivision: South Park

    Price history

    DateEventPrice
    1/17/2026Sold$180,000-8.9%
    Source: MIBOR as distributed by MLS GRID #22039038 Report a problem
    1/4/2026Pending sale$197,500
    Source: MIBOR as distributed by MLS GRID #22039038 Report a problem
    11/4/2025Price change$197,500-6%
    Source: MIBOR as distributed by MLS GRID #22039038 Report a problem
    9/3/2025Listed for sale$210,000
    Source: MIBOR as distributed by MLS GRID #22039038 Report a problem
    5/20/2025Pending sale$210,000
    Source: MIBOR as distributed by MLS GRID #22039038 Report a problem
    5/15/2025Listed for sale$210,000+215.8%
    Source: MIBOR as distributed by MLS GRID #22039038 Report a problem
    3/9/2016Sold$66,500+107.4%
    Source: Public Record Report a problem
    6/25/2013Sold$32,070-17.6%
    Source: Agent Provided Report a problem
    5/25/2013Pending sale$38,900
    Source: CENTURY 21 Gordon & Associates #21220930 Report a problem
    7/27/2012Price change$38,900-2.5%
    Source: CENTURY 21 Gordon & Associates #21165537 Report a problem
    4/18/2012Price change$39,900-11.1%
    Source: CENTURY 21 Gordon & Associates #21165537 Report a problem
    1/10/2012Price change$44,900-17.5%
    Source: CENTURY 21 Gordon & Associates #2948953 Report a problem
    2/24/2011Listed for sale$54,400
    Source: CENTURY 21 Gordon & Associates #2948953 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,949 +1.4%$164,800 -1%
    2024$3,895 +0.5%$166,400 +1.3%
    2023$3,877 +15.6%$164,200
    2022$3,354 +9.4%$164,200 +12.9%
    2021$3,066 -1.6%$145,400 +9.8%
    2020$3,116 -2.1%$132,400 +0.3%
    2019$3,184 +36.1%$132,000 +11.9%
    2018$2,340 +10.2%$118,000 +10.1%
    2017$2,123 +9%$107,200 +10.5%
    2016$1,947 +4.7%$97,000 +12.8%
    2014$1,859 +74%$86,000
    2013$1,068 $86,000 +81.4%
    2012$1,068 $47,400 +7.7%
    2011-- $44,000
    2010$920 -2.4%$44,000
    2009$942 $44,000 +13.1%
    2007-- $38,900 -18.4%
    2006-- $47,700
    2005-- $47,700
    2004-- $47,700
    2003-- $47,700 +160.7%
    2002-- $18,300 +200%
    2001-- $6,100

    Find assessor info on the county website

    Neighborhood: Near Southside

    Nearby schools

    GreatSchools rating
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