Great investment property in a developing area! This 4 unit property appraised OVER the listing price. Located on the Red Line. All four units are three bedroom, one bath with individually metered electric and gas. Coin operated laundry in the basement is leased and adds to monthly income. New indoor mail system approved by postmaster with parcel locker for secure tenant mail/package delivery and 5 new breaker boxes for each unit and common area. This building is zoned D8 and several new multi-use buildings are being constructed in this area. Owner pays water, sewer, and common area electric. 2x 80 gal water heaters handle all units & laundry. Utility bill average is $200/mo. Could charge a flat rate for water/sewer/electric, and add more washer/dryers & storage units in the basement for additional income.
Sold
$450,000
633 E 38th St, Indianapolis, IN 46205
12beds
4baths
--sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$2,149 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,149/mo
Zestimate® history
Owner options
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$2,806/mo
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List your homeWhat's special
Parcel lockerNew indoor mail systemCoin operated laundry
Zillow last checked:
Listing updated:
Listing Provided by:
Devan Lunceford 812-230-6651,
Elite Indy Realty Group
Bought with:
Erik Wentz
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 21958749
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
- Main level bathrooms: 12
Features
- Has basement: Yes
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,484 sqft
Details
- Parcel number: 490624119088000101
- Zoning: Commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1920
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: No Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 4/11/2024 | Sold | $450,000 |
Source:  MIBOR as distributed by MLS GRID #21958749 Report a problem | ||
| 3/5/2024 | Pending sale | $450,000 |
Source: MIBOR as distributed by MLS GRID #21958749 Report a problem | ||
| 3/1/2024 | Listed for sale | $450,000 |
Source: MIBOR as distributed by MLS GRID #21958749 Report a problem | ||
| 2/22/2024 | Pending sale | $450,000 |
Source: MIBOR as distributed by MLS GRID #21958749 Report a problem | ||
| 2/21/2024 | Listed for sale | $450,000 |
Source: MIBOR as distributed by MLS GRID #21958749 Report a problem | ||
| 1/8/2024 | Pending sale | $450,000 |
Source: MIBOR as distributed by MLS GRID #21958749 Report a problem | ||
| 1/5/2024 | Listed for sale | $450,000+42.4% |
Source: MIBOR as distributed by MLS GRID #21958749 Report a problem | ||
| 3/25/2021 | Sold | $316,000+5.3% |
Source: MIBOR as distributed by MLS GRID #21765581 Report a problem | ||
| 2/20/2021 | Pending sale | $300,000 |
Source: MIBOR as distributed by MLS GRID #21765581 Report a problem | ||
| 2/18/2021 | Listed for sale | $300,000+30.2% |
Source: MIBOR as distributed by MLS GRID #21765581 Report a problem | ||
| 1/12/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 12/21/2020 | Listed for rent | $800 |
Source: Zillow Rental Manager Report a problem | ||
| 3/13/2020 | Sold | $230,500+0.7% |
Source: MIBOR as distributed by MLS GRID #21693330 Report a problem | ||
| 2/7/2020 | Pending sale | $229,000 |
Source: Wilmoth Group #21693330 Report a problem | ||
| 2/4/2020 | Listed for sale | $229,000+227.1% |
Source: Wilmoth Group #21693330 Report a problem | ||
| 11/23/2011 | Sold | $70,000+68.1% |
Source: Public Record Report a problem | ||
| 6/23/2011 | Sold | $41,651 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,291 +68.7% | $266,700 +0.6% |
| 2024 | $3,729 +10.8% | $265,100 +68.6% |
| 2023 | $3,364 +39.6% | $157,200 +10.3% |
| 2022 | $2,411 +14.4% | $142,500 +36.4% |
| 2021 | $2,107 +1.8% | $104,500 +14.8% |
| 2020 | $2,070 -0.9% | $91,000 +3.8% |
| 2019 | $2,089 -20.4% | $87,700 |
| 2018 | $2,625 +57.2% | $87,700 +6.8% |
| 2017 | $1,670 -3.2% | $82,100 +4.9% |
| 2016 | $1,725 +1.5% | $78,300 -0.4% |
| 2014 | $1,699 -7% | $78,600 |
| 2013 | $1,828 | $78,600 +8% |
| 2012 | $1,828 | $72,800 -13% |
| 2011 | -- | $83,700 |
| 2010 | $1,900 -1% | $83,700 |
| 2009 | $1,920 | $83,700 |
| 2007 | -- | $83,700 |
Find assessor info on the county website
Neighborhood: Mapleton-Fall Creek
Nearby schools
GreatSchools rating
- 5/10William Bell School 60 - A Butler Lab Reggio Emilia SchoolGrades: PK-5Distance: 0.7 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 3.3 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 0.7 mi
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