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.
Pending
Price cut: $50.1K (6/15)
$699,900
7315 S Meridian St, Indianapolis, IN 46217
6beds
4baths
--sqft
Multi Family, Duplex
Built in 1997
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Solid brick duplexOpen floor plansVaulted ceilingsPlayground equipmentFreshly paintedHardwood floors
- 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#: 22088548
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
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Pending sale | $699,900 |
Source: | ||
| 6/15/2026 | Price change | $699,900-6.7% |
Source: | ||
| 6/8/2026 | Price change | $750,000-9.1% |
Source: | ||
| 6/4/2026 | Listed for sale | $825,000 |
Source: | ||
| 3/23/2026 | Listing removed | $825,000 |
Source: | ||
| 3/20/2026 | Listed for sale | $825,000+135.7% |
Source: | ||
| 9/13/2019 | Sold | $350,000-10.2% |
Source: | ||
| 8/17/2019 | Pending sale | $389,900 |
Source: Christy's of Indiana #21653110 Report a problem | ||
| 7/9/2019 | Price change | $389,900+38989900% |
Source: Christy's of Indiana #21653110 Report a problem | ||
| 6/7/2019 | Listed for sale | $1 |
Source: Christy's of Indiana #21639623 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $54,670 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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
Nearby schools
GreatSchools rating
- 7/10Perry Meridian 6th Grade AcademyGrades: 6Distance: 0.7 mi
- 9/10Perry Meridian High SchoolGrades: 9-12Distance: 0.9 mi
- 8/10Perry Meridian Middle SchoolGrades: 7-8Distance: 0.7 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Marion County
- Indianapolis
- 46217
- Linden Wood
- 7315 S Meridian St




