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Pending
  • Price cut: $50.1K (6/15)
    $699,900

    7315 S Meridian St, Indianapolis, IN 46217

    6beds
    4baths
    --sqft
    : 
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    Multi Family, Duplex
    Built in 1997
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Solid brick duplexOpen floor plansVaulted ceilingsPlayground equipmentFreshly paintedHardwood floors
    One of kind, solid brick duplex with 3 Br / 2 Ba / 2 car garage per side. Live in one side, rent out the other, perfect for multigenerational living arrangements, or buy as an investment. Better yet, operate a licensed childcare biz for up to 32 children 24/7. Current owner has successfully run a childcare business out of this location for many years. Due to the existing configuration, licensing history and revenue generating potential, the owner believes childcare operation presents the highest and best use. Property has been updated to meet Indiana's Class II childcare licensing requirements. These improvements help create a facility capable of supporting larger enrollment capacities. Both sides have open floor plans and stunning sunrooms with loads of natural light. Vaulted ceilings, some bathrooms updated, hardwood floors, numerous lights have been updated, freshly painted and so much more. You haven't seen a duplex quite like this one. The owner is open to leaving the existing childcare furnishings, equipment, educational materials, playground equipment, security and camera systems, and other daycare inventory. The inventory is substantial enough to support successful operation on both sides of the property, creating a rare turnkey opportunity for the right buyer. Whether you are an experienced childcare provider, an entrepreneur seeking a unique business opportunity, an investor looking for multiple income streams, or a family seeking a flexible multigenerational living arrangement, this property presents possibilities rarely found in today's market.
    33 days
    |
    2,795
    |
    50
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Derek Gutting 317-679-6767,

    Keller Williams Indpls Metro N

    Source: MIBOR as distributed by MLS GRID,MLS#: 22088548MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 4
      • Main level bathrooms: 6
      Cooling
      • Central Air
      Appliances
      • Laundry: Connections All
      Features
      • Has basement: No

      Property

      Parking
      • Total spaces: 4
      • Parking features: Attached
      • Attached garage spaces: 4
      • Details: Unit Parking(2 Car Garage, Paved Area, 2 Car Space, Other)
      Features
      • Levels: One
      • Stories: 1
      • Fencing: Fenced,Full
      Lot
      • Size: 0.65 Acres
      • Features: Corner Lot, Curbs, Sidewalks, Street Lights, Not In Subdivision
      Details
      • Parcel number: 491413103175000500

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Ranch
      • Property subtype: Multi Family, Duplex
      • Attached to another structure: Yes
      Materials
      • Brick
      • Foundation: Block
      Condition
      • New construction: No
      • Year built: 1997

      Community & HOA

      Community
      • Security: Smoke Detector(s), Security System
      • Subdivision: Lancastershire
      Location
      • Region: Indianapolis

      Financial & listing details

      • Tax assessed value: $592,900
      • Annual tax amount: $14,478
      • Date on market: 3/20/2026
      • Cumulative days on market: 38 days
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/2/2026Pending sale$699,900
        Source: MIBOR as distributed by MLS GRID #22088548 Report a problem
        6/15/2026Price change$699,900-6.7%
        Source: MIBOR as distributed by MLS GRID #22088548 Report a problem
        6/8/2026Price change$750,000-9.1%
        Source: MIBOR as distributed by MLS GRID #22088548 Report a problem
        6/4/2026Listed for sale$825,000
        Source: MIBOR as distributed by MLS GRID #22088548 Report a problem
        3/23/2026Listing removed$825,000
        Source: MIBOR as distributed by MLS GRID #22088548 Report a problem
        3/20/2026Listed for sale$825,000+135.7%
        Source: MIBOR as distributed by MLS GRID #22088548 Report a problem
        9/13/2019Sold$350,000-10.2%
        Source: MIBOR as distributed by MLS GRID #21653110 Report a problem
        8/17/2019Pending sale$389,900
        Source: Christy's of Indiana #21653110 Report a problem
        7/9/2019Price change$389,900+38989900%
        Source: Christy's of Indiana #21653110 Report a problem
        6/7/2019Listed for sale$1
        Source: Christy's of Indiana #21639623 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$14,478 +6.7%$592,900 +4.2%
        2024$13,573 +4.4%$568,800 +6.6%
        2023$13,001 +24.2%$533,800 +5%
        2022$10,470 +11.1%$508,400 +26%
        2021$9,428 +96.1%$403,500 +11.7%
        2020$4,806 +8.6%$361,100 +41%
        2019$4,424 -0.7%$256,100 +7%
        2018$4,458 -29.1%$239,300 -26.5%
        2017$6,285 +8.8%$325,500 +0.9%
        2016$5,777 -3.9%$322,500 -5.6%
        2014$6,013 +52.4%$341,600 +4%
        2013$3,946 $328,500 +3%
        2011-- $318,800
        2010$3,188 +0%$318,800
        2009$3,188 $318,800 +9.7%
        2007-- $290,600 -0.4%
        2006-- $291,800
        2005-- $291,800
        2004-- $291,800
        2003-- $291,800 +77.9%
        2002-- $164,000 +200%
        2001-- $54,670
        2000-- $54,670

        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Linden Wood

        Getting around

        50 / 100
        Somewhat Walkable
        17 / 100
        Minimal Transit
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Douglas MacArthur Elementary Sch
        • Middle: Perry Meridian Middle School
        • High: Perry Meridian 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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