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Sold
  • $295,000

    7501 E Troy Ave, Indianapolis, IN 46239

    4beds
    2baths
    --sqft
    Multi Family, Duplex
    Built in 1973
    -- sqft lot
    $300,800 Zestimate®
    $--/sqft
    $1,315 Estimated rent

    Home value

    $300,800

    $274,000 - $328,000

    $1,315/mo

    Zestimate® history
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    $1,315/mo

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    $1,840/mo

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    $1,840/mo

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    What's special

    Modern light fixturesNew pex pipingBrand new gravel drivewaysElegant quartz countertopsGas furnaceWater softenerTankless electric water heater
    An incredible investment opportunity in Franklin Township! This beautifully maintained duplex is in immaculate condition. Ready to be owner-occupied. The area market shows a potential monthly rent range of $1295 per unit. This turn-key ready duplex boasts two identical units, each offering a well-appointed living space, featuring 2 bedrooms and 1 bathroom per unit. Each unit is thoughtfully designed with its private driveway, along with a convenient storage shed and washer/dryer. Recent renovations in 2025 have elevated this property to modern standards, ensuring comfort and style for tenants and owners alike. Upgrades include: SS appliances and brand new luxury vinyl plank (LVP) flooring. Completely remodeled with contemporary finishes new cabinets and Quartz countertops. All new interior paint for a crisp, updated appearance. New PEX plumbing supply lines, PVC drain pipes, recent replacements of electrical panels and water heaters (within the last 5 years) New ceiling fans, and new front and back entry doors. A vapor barrier has been installed to enhance the property's longevity. The Dimensional shingle roof was installed in late 2024. The oversized lot offers ample space for future expansion. Consider adding a garage or accessory building, or explore the potential to split the parcel and develop a separate single-family residence (SFR). The duplex is equipped with separately metered electric and gas utilities, Whether you're looking to generate consistent rental income or seeking a home that offers additional income potential, this duplex has it all.

    Zillow last checked:

    Listing updated:

    Listed by:

    Miguel Rodriguez 317-500-2553,

    Keller Williams Indy Metro S,

    Ashley Rodriguez

    Bought with:

    Ashley Stovall

    Gold Street Realty, LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22020572MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Appliances
    • Laundry: Connections All

    Property

    Parking
    • Total spaces: 2
    • Details: Unit Parking(Guest Parking, 2 Car Space, Unpaved)
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 0.5 Acres
    Details
    • Parcel number: 491025128018000300
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Multi Family, Duplex
    • Attached to another structure: Yes
    Materials
    • Brick
    • Roof: Shingle
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1973

    Community & HOA

    Community
    • Features: Low Maintenance Lifestyle
    • Security: Smoke Alarm
    • Subdivision: No Subdivision
    Location
    • Region: Indianapolis

    Financial & listing details

    • Tax assessed value: $208,500
    • Annual tax amount: $4,066
    • Date on market: 2/5/2025
    • Cumulative days on market: 32 days
    • Tenant pays: All Utilities
    • Road surface type: Gravel

    Price history

    DateEventPrice
    4/9/2025Sold$295,000-1.7%
    Source: MIBOR as distributed by MLS GRID #22020572 Report a problem
    3/10/2025Pending sale$299,999
    Source: MIBOR as distributed by MLS GRID #22020572 Report a problem
    3/3/2025Price change$299,999-9.1%
    Source: MIBOR as distributed by MLS GRID #22020572 Report a problem
    2/13/2025Price change$329,999-5.7%
    Source: MIBOR as distributed by MLS GRID #22020572 Report a problem
    2/5/2025Listed for sale$349,999+204.3%
    Source: MIBOR as distributed by MLS GRID #22020572 Report a problem
    4/13/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    4/10/2022Listed for rent$900
    Source: Zillow Rental Manager Report a problem
    5/31/2019Sold$115,000+35.5%
    Source: Public Record Report a problem
    6/29/2004Sold$84,900
    Source: MIBOR as distributed by MLS GRID #2428131 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,974 -2.3%$208,500 +4.9%
    2024$4,067 +3%$198,700 -2.3%
    2023$3,947 +39%$203,300 +3%
    2022$2,840 +10.1%$197,300 +39%
    2021$2,580 +13.2%$141,900 +10.1%
    2020$2,280 +10.1%$128,900 +13.2%
    2019$2,071 -2.2%$113,900 +10.5%
    2018$2,117 -1.6%$103,100 +0.9%
    2017$2,151 +9.8%$102,200 +1.9%
    2016$1,959 -1%$100,300 +1.8%
    2014$1,979 +3.1%$98,500
    2013$1,920 $98,500 +3%
    2012$1,920 $95,600 +8.8%
    2011-- $87,900
    2010$1,768 $87,900
    2009$1,768 $87,900 -3.9%
    2007-- $91,500
    Find assessor info on the county website

    Neighborhood: Five Points

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $300,800
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    Estimated market value
    $300,800