Investor opportunity with immediate income in Lawrence. Tenant-occupied property generating $1,200/month ($14,400 annually) with lease in place through 12/31/2027, offering approximately 10.7% gross yield before expenses based on list price. Located within a small portfolio of three rental homes all within approximately .25 miles, providing potential for scale. Fenced back yard. Property is being sold as-is. No yard sign and no showings without an accepted offer. Please do not disturb tenants. Buyer to verify all information. Other MLS #s: 22095884 and 22095897
Pending
$135,000
8217 E 48th St, Indianapolis, IN 46226
3beds
792sqft
Residential, Single Family Residence
Built in 1954
8,276 Square Feet Lot
$-- Zestimate®
$170/sqft
$-- HOA
What's special
- 82 days |
- 15 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Mark Gill 317-716-0137,
Berkshire Hathaway Home
Source: MIBOR as distributed by MLS GRID,MLS#: 22095893
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12X11
Bedroom 2
- Level: Main
- Area: 99 Square Feet
- Dimensions: 11X09
Bedroom 3
- Level: Main
- Area: 88 Square Feet
- Dimensions: 11X08
Kitchen
- Level: Main
- Area: 96 Square Feet
- Dimensions: 12X08
Living room
- Level: Main
- Area: 165 Square Feet
- Dimensions: 15X11
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Dishwasher, Gas Water Heater
Features
- Eat-in Kitchen
- Has basement: No
Interior area
- Total structure area: 792
- Total interior livable area: 792 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Fencing: Fenced,Full
Lot
- Size: 8,276 Square Feet
- Features: Sidewalks, Mature Trees
Details
- Parcel number: 490807101113000407
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow,Mid-Century Modern
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1954
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Harrison Park
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $170/sqft
- Tax assessed value: $79,300
- Annual tax amount: $1,584
- Date on market: 4/25/2026
- Cumulative days on market: 83 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Pending sale | $135,000$170/sqft |
Source:  MIBOR as distributed by MLS GRID #22095893 Report a problem | ||
| 4/26/2026 | Listed for sale | $135,000+80.2%$170/sqft |
Source: MIBOR as distributed by MLS GRID #22095893 Report a problem | ||
| 1/4/2011 | Listing removed | $74,900$95/sqft |
Source: Keller Williams Indy Metro North #21048509 Report a problem | ||
| 11/8/2010 | Price change | $74,900-6.3%$95/sqft |
Source: Keller Williams Indianapolis Metro North #21048509 Report a problem | ||
| 9/18/2010 | Listed for sale | $79,900$101/sqft |
Source: Keller Williams Indianapolis Metro North #21048509 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,583 +0.2% | $79,300 +9.1% |
| 2024 | $1,581 +5.9% | $72,700 |
| 2023 | $1,492 +34.3% | $72,700 +6.9% |
| 2022 | $1,111 +67.8% | $68,000 +16.4% |
| 2021 | $662 +26.9% | $58,400 +98% |
| 2020 | $522 +2.8% | $29,500 +13% |
| 2019 | $508 +20.4% | $26,100 +2.8% |
| 2018 | $422 -10.8% | $25,400 +20.4% |
| 2017 | $473 +16% | $21,100 -1.9% |
| 2016 | $408 -6% | $21,500 -0.9% |
| 2014 | $434 -50.1% | $21,700 -51% |
| 2013 | $870 | $44,300 -8.8% |
| 2012 | $870 | $48,600 +11.7% |
| 2011 | -- | $43,500 -27.1% |
| 2010 | $1,194 0% | $59,700 |
| 2009 | $1,194 | $59,700 -7.7% |
| 2007 | -- | $64,700 |
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.Climate risks
Neighborhood: 46226
Nearby schools
GreatSchools rating
- 3/10Harrison Hill Elementary SchoolGrades: 1-6Distance: 0.8 mi
- 3/10Belzer Middle SchoolGrades: 7-8Distance: 0.9 mi
- 3/10Lawrence Central High SchoolGrades: 9-12Distance: 1.2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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