Experience a turnkey investment opportunity of a renovated duplex on the east side of the desirable Fountain Square neighborhood. This is a standout 4.8-star review high performing mid-term airbnb located less than a mile from the center of Fountain Square's vibrant area with popular restaurants, cafes, and local shopping. Completely renovated a few years back, each side of the duplex is a 2-story townhouse with 2 bedrooms and 2 full bathrooms and provides ideal separation between living and sleeping areas. Operating as high-performing mid-term furnished rentals and corporate housing (1 to 6 month stays) with high ROI, this property presents a turnkey investment opportunity with strong income potential. Higher income potential if operated as short-term rentals.
Active
$450,000
717 S Randolph St, Indianapolis, IN 46203
4beds
4baths
--sqft
Multi Family, Duplex
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Renovated duplex
- 37 days |
- 216 |
- 25 |
Zillow last checked:
Listing updated:
Listed by:
Lisa Phillips 317-219-9277,
Compass Indiana, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22105910
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Other
Features
- Has basement: Yes
Property
Parking
- Details: Unit Parking(Other)
Lot
- Size: 3,049 Square Feet
- Features: Other
Details
- Parcel number: 491007120146000101
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family, Duplex
Materials
- Wood Siding
Condition
- New construction: No
- Year built: 1920
Community & HOA
Community
- Subdivision: Caven & Rockwood
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $112,500
- Annual tax amount: $2,520
- Date on market: 6/8/2026
- Cumulative days on market: 126 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Listed for sale | $450,000 |
Source:  MIBOR as distributed by MLS GRID #22105910 Report a problem | ||
| 6/1/2026 | Listing removed | $450,000 |
Source: MIBOR as distributed by MLS GRID #22077873 Report a problem | ||
| 2/27/2026 | Listed for sale | $450,000+637.7% |
Source: MIBOR as distributed by MLS GRID #22077873 Report a problem | ||
| 2/23/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/6/2020 | Listing removed | $1,295 |
Source: Owner Report a problem | ||
| 3/25/2020 | Listed for rent | $1,295 |
Source: Owner Report a problem | ||
| 10/30/2019 | Sold | $61,000-12.9% |
Source: MIBOR as distributed by MLS GRID #21666553 Report a problem | ||
| 10/21/2019 | Pending sale | $70,000 |
Source: Red Bridge Real Estate #21666553 Report a problem | ||
| 10/16/2019 | Price change | $70,000-10.1% |
Source: Red Bridge Real Estate #21666553 Report a problem | ||
| 10/9/2019 | Pending sale | $77,900 |
Source: Red Bridge Real Estate #21666553 Report a problem | ||
| 9/26/2019 | Listed for sale | $77,900 |
Source: Red Bridge Real Estate #21666553 Report a problem | ||
| 9/12/2019 | Pending sale | $77,900+122.6% |
Source: Red Bridge Real Estate #21666553 Report a problem | ||
| 9/6/2019 | Sold | $35,000-55.1% |
Source: Public Record Report a problem | ||
| 9/6/2019 | Listed for sale | $77,900 |
Source: Red Bridge Real Estate #21666553 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,447 +1% | $112,500 +9.1% |
| 2024 | $2,422 +8.1% | $103,100 +1% |
| 2023 | $2,241 +12.5% | $102,100 +7.6% |
| 2022 | $1,992 +20.9% | $94,900 +10% |
| 2021 | $1,647 +6.6% | $86,300 +21.4% |
| 2020 | $1,545 +9.1% | $71,100 +8.7% |
| 2019 | $1,416 +15.9% | $65,400 +10.1% |
| 2018 | $1,222 +7% | $59,400 +6.1% |
| 2017 | $1,142 +5.7% | $56,000 +7.7% |
| 2016 | $1,080 -34% | $52,000 -31.1% |
| 2014 | $1,635 -2.9% | $75,500 |
| 2013 | $1,685 | $75,500 +1.1% |
| 2012 | $1,685 | $74,700 +34.4% |
| 2011 | -- | $55,600 |
| 2010 | $1,164 -2.3% | $55,600 |
| 2009 | $1,192 | $55,600 +6.7% |
| 2007 | -- | $52,100 |
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: Fountain Square
Nearby schools
GreatSchools rating
- 6/10William McKinley School 39Grades: PK-5Distance: 0.1 mi
- 5/10HW Longfellow Med/STEM Magnet MidlGrades: 6-8Distance: 0.5 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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