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  • $195,000

    802 E Raymond St, Indianapolis, IN 46203

    1beds
    1baths
    --sqft
    Multi Family, Duplex
    Built in 1940
    -- sqft lot
    $195,000 Zestimate®
    $--/sqft
    $864 Estimated rent

    Home value

    $195,000

    $185,000 - $205,000

    $864/mo

    Zestimate® history
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    $864/mo

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    $864/mo

    Rent Zestimate®

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    $1,277/mo

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    $1,277/mo

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    What's special

    Full dry basementAmple closet spaceExcellent hardwood floors
    Fantastic investment opportunity for a turnkey property that has been consistently rented for the past 30 years. This exceptionally maintained property features a maintenance-free exterior with siding and windows updated, as well as newer HVAC systems and water heaters. The units offer excellent hardwood floors and ample closet space. All appliances are included in both units including Washers and dryers. One side currently brings in $675 per month with long-term tenants, Pleasant Run side is ready to rent. There is significant potential to increase rent to $900-$1,000 per month, especially given the included 2 car garage parking and off street parking. Additionally, the property includes a full dry basement-confirmed by photos taken after heavy rains-which could easily be converted into another bedroom or living area with the installation of egress windows. Located just steps away from Garfield Park. Just minutes from Downtown, Fountain Square & Bates Hendricks. Also easy near access to I-65. This is an ideal long-term rental for anyone looking to start or expand their portfolio.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Randy Myers 317-408-4877,

    Indiana Real Estate Alliance,

    Bought with:

    Ali Rahimi

    Trueblood Real Estate

    Source: MIBOR as distributed by MLS GRID,MLS#: 22098366MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    Heating
    • Natural Gas
    Features
    • Basement: Full,Storage Space,Unfinished

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached
    • Garage spaces: 2
    • Details: Unit Parking(2 Car Garage)
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 5,227 sqft
    Details
    • Parcel number: 491113161006000101
    • Special conditions: As Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Bungalow,Ranch
    • Property subtype: Multi Family, Duplex
    Materials
    • Foundation: Block
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1940

    Community & neighborhood

    Location
    • Region: Indianapolis
    • Subdivision: Hilgemeiers Sub Beatys

    Price history

    DateEventPrice
    6/15/2026Sold$195,000-2.5%
    Source: MIBOR as distributed by MLS GRID #22098366 Report a problem
    5/15/2026Pending sale$199,900
    Source: MIBOR as distributed by MLS GRID #22098366 Report a problem
    4/30/2026Listed for sale$199,900
    Source: MIBOR as distributed by MLS GRID #22098366 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,200 +16.1%$82,800 -10.7%
    2024$1,895 +0.5%$92,700 +16%
    2023$1,886 +24.8%$79,900
    2022$1,511 -9.7%$79,900 +22%
    2021$1,674 +39.1%$65,500 -9.4%
    2020$1,204 +5.5%$72,300 +41.8%
    2019$1,141 +9.7%$51,000 +6.5%
    2018$1,041 +0.9%$47,900 +4.1%
    2017$1,032 +41.5%$46,000 +3.4%
    2016$729 +6.7%$44,500 +40.8%
    2014$683 -4.3%$31,600
    2013$714 $31,600
    2012$714 $31,600 -8.9%
    2011-- $34,700
    2010$726 -2.3%$34,700
    2009$744 $34,700 -6%
    2007-- $36,900 +476.6%
    2000-- $6,400

    Find assessor info on the county website

    Neighborhood: Near Southside

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $195,000
    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
    $195,000