Income-Producing Duplex Portfolio - Four Fully Rented Units Excellent investment opportunity featuring two duplex properties with four total units, all currently rented. The portfolio offers a strong rental history, with all tenants demonstrating a consistent record of on-time payments. In addition to the four residential units, the property includes four separate garages currently available to be rented for storage, providing an additional income stream. The properties are well maintained and have benefited from numerous recent improvements. Three of the four units have been renovated, including new flooring, lighting, drywall, and interior paint. A new roof and gutters were installed in 2024, and three of the four units have received new water heaters between 2023 and 2025. Two of the four units have new HVAC systems, further enhancing the property's reliability and appeal. Electrical panels have all been replaced and are up to code. Both properties are serviced by well and septic system and have been carefully maintained, with all major systems and components reported to be in good working order. Septic pumped in 2026. This is a turnkey investment opportunity with established tenants, multiple income sources, and a strong history of ongoing maintenance and improvements.
Active
$262,500
8445 Bluff Rd, Indianapolis, IN 46217
2beds
1baths
--sqft
Multi Family, Duplex
Built in 1976
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
New flooring
- 32 days
- 357
- 29
Zillow last checked:
Listing updated:
Listed by:
Justin Perrey Perreyhometeam@gmail.com,
PHT Holdings LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22120485
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Main level bathrooms: 2
Heating
- Electric
Cooling
- Central Air
Appliances
- Laundry: Connections All
Features
- Has basement: No
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.41 Acres
Details
- Additional parcels included: 491421121011500
- Parcel number: 491421121012000500
- Special conditions: Broker Owned
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Slab
- Roof: Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1976
Community & HOA
Community
- Subdivision: No Subdivision
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $215,300
- Annual tax amount: $5,680
- Date on market: 8/22/2026
- Cumulative days on market: 21 days
- Tenant pays: Electricity, Insurance, Grounds Care, Trash Collection
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2026 | Listed for sale | $262,500+31.3% |
Source: | ||
| 10/7/2022 | Sold | $200,000-7% |
Source: | ||
| 8/31/2022 | Pending sale | $215,000 |
Source: | ||
| 8/21/2022 | Listed for sale | $215,000 |
Source: | ||
| 8/15/2022 | Pending sale | $215,000 |
Source: | ||
| 6/10/2022 | Listed for sale | $215,000+38.7% |
Source: | ||
| 4/19/2021 | Sold | $155,000 |
Source: | ||
| 3/12/2021 | Pending sale | $155,000 |
Source: | ||
| 3/11/2021 | Listed for sale | $155,000 |
Source: | ||
| 3/11/2021 | Pending sale | $155,000 |
Source: | ||
| 3/11/2021 | Listed for sale | $155,000-26.9% |
Source: | ||
| 2/15/2012 | Listing removed | $212,000 |
Source: Coldwell Banker South Central Realty #21038415 Report a problem | ||
| 2/24/2011 | Listed for sale | $212,000+139.1% |
Source: Coldwell Banker South Central Realty, Inc. #21038415 Report a problem | ||
| 8/14/2008 | Sold | $88,655 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,846 +5.5% | $215,300 +13.1% |
| 2024 | $4,595 +23.1% | $190,400 +5.4% |
| 2023 | $3,731 +6.3% | $180,700 +23.9% |
| 2022 | $3,511 +7.2% | $145,900 +7.8% |
| 2021 | $3,274 +15.4% | $135,300 +7.9% |
| 2020 | $2,837 +25.7% | $125,400 +16.1% |
| 2019 | $2,257 -0.8% | $108,000 +24.4% |
| 2018 | $2,275 -51.7% | $86,800 +2.2% |
| 2017 | $4,707 +133% | $84,900 -2.7% |
| 2016 | $2,021 +15.2% | $87,300 +20.7% |
| 2014 | $1,753 +3% | $72,300 |
| 2013 | $1,702 | $72,300 +3.7% |
| 2012 | $1,702 | $69,700 -21.2% |
| 2011 | -- | $88,500 |
| 2010 | $1,770 0% | $88,500 |
| 2009 | $1,770 | $88,500 -19.5% |
| 2007 | -- | $110,000 +3% |
| 2006 | -- | $106,800 +14% |
| 2005 | -- | $93,700 |
| 2004 | -- | $93,700 |
| 2003 | -- | $93,700 +76.5% |
| 2002 | -- | $53,100 |
Find assessor info on the county website
Monthly payment
Est. payment






