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  • $172,500

    735 N Bancroft St, Indianapolis, IN 46201

    2beds
    2baths
    --sqft
    Multi Family, Duplex
    Built in 1930
    -- sqft lot
    $173,300 Zestimate®
    $--/sqft
    $1,182 Estimated rent

    Home value

    $173,300

    $163,000 - $184,000

    $1,182/mo

    Zestimate® history
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    What's special

    Well-kept lotThoughtfully designed kitchensInviting front porch areasSpacious bedroomCharm and classic character
    Perfect Addition to Your Rental Portfolio! Well-maintained 1 bedroom / 1 full bathroom per side duplex located in the popular Emerson Heights neighborhood. This turnkey investment offers immediate and stable rental income with long-term tenants already in place. Upon arrival, you're welcomed by a well-kept lot and inviting front porch areas for each unit to enjoy. Inside, both units feature an open living and dining room layout filled with charm and classic character. The thoughtfully designed kitchens offer functional space and practical flow. Down the hall, each unit includes a full bathroom with a tub/shower combo and a spacious bedroom. The property also includes a 2-car detached garage, with each unit enjoying its own 1-car garage space - a valuable amenity for tenants. Investment Highlights: Unit 733: Leased is MTM at $700/month (tenant in place since 2014). Unit 735: Leased through 4/2027 at $900/month (tenant in place since 2025). With strong rental history, established tenants, and location in a neighborhood known for ongoing growth and appeal, this property is an excellent opportunity to add steady cash flow to your portfolio.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Rosie Berzenye 317-777-0750,

    T&H Realty Services, Inc.

    Bought with:

    Teresa Ashmore

    T&H Realty Services, Inc.

    Source: MIBOR as distributed by MLS GRID,MLS#: 22085980MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Features
    • Has basement: Yes

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 6,534 sqft
    Details
    • Parcel number: 491004107069000101
    • Zoning: ZO01
    • Special conditions: Sales Disclosure Supplements

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Multi Family, Duplex
    Condition
    • New construction: No
    • Year built: 1930

    Community & neighborhood

    Location
    • Region: Indianapolis
    • Subdivision: Emerson Heights

    Price history

    DateEventPrice
    5/8/2026Sold$172,500-6.8%
    Source: MIBOR as distributed by MLS GRID #22085980 Report a problem
    3/16/2026Pending sale$185,000
    Source: MIBOR as distributed by MLS GRID #22085980 Report a problem
    2/25/2026Listed for sale$185,000+6.6%
    Source: MIBOR as distributed by MLS GRID #22085980 Report a problem
    4/4/2025Listing removed$900
    Source: Zillow Rentals Report a problem
    2/7/2025Listed for rent$900+39.5%
    Source: Zillow Rentals Report a problem
    12/15/2023Sold$173,500
    Source: MIBOR as distributed by MLS GRID #21941335 Report a problem
    11/15/2023Pending sale$173,500
    Source: MIBOR as distributed by MLS GRID #21941335 Report a problem
    10/6/2023Listed for sale$173,500
    Source: MIBOR as distributed by MLS GRID #21941335 Report a problem
    10/2/2023Pending sale$173,500
    Source: MIBOR as distributed by MLS GRID #21941335 Report a problem
    9/2/2023Listed for sale$173,500
    Source: MIBOR as distributed by MLS GRID #21941335 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    1/9/2020Listing removed$645
    Source: Owner Report a problem
    12/31/2019Listed for rent$645
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,832 +73.9%$171,000 +5.9%
    2024$2,204 +33%$161,500 +73.8%
    2023$1,657 -11.8%$92,900 -3.7%
    2022$1,880 +24%$96,500 +18.4%
    2021$1,517 -8.6%$81,500 +2.9%
    2020$1,660 +14.2%$79,200 +12.7%
    2019$1,453 -5.4%$70,300 -7.7%
    2018$1,535 +55.7%$76,200 +10%
    2017$986 +16%$69,300 +66.6%
    2016$850 -13.6%$41,600 -8.6%
    2014$984 -20.6%$45,500 -20.2%
    2013$1,238 $57,000 +3.3%
    2012$1,238 $55,200 +24.9%
    2011-- $44,200 -34.6%
    2010$1,427 -2.2%$67,600
    2009$1,459 $67,600 -6.1%
    2007-- $72,000

    Find assessor info on the county website

    Neighborhood: Near Eastside

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Middle: H L Harshman Middle School
    • High: Arsenal Technical 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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    Estimated market value
    $173,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $173,300