Spacious Duplex Investment Opportunity in University Highlands! This duplex is not short on space! Each unit in this 2-unit property offers a comfortable 2-bedroom, 1.5-bath layout with generous living areas, plus a full unfinished basement for laundry and storage. Situated on a 0.27-acre lot with mature trees and a large backyard, this well-maintained home provides privacy and room to breathe. Recent major updates make it truly turn-key: new roof, gutters, and soffits in 2025, plus a furnace replacement in 2024. Enjoy the convenience of separate driveways and the solid construction of a 1970-built duplex in a prime location. Located in the desirable University Highlands neighborhood, this property is just minutes from the University of Indianapolis, offering strong rental demand from students, faculty, and young professionals. It's also conveniently close to shopping, dining, and major highways. Perfect for a variety of buyers - whether you're seeking a student rental, traditional long-term tenants, short-term/Airbnb income, or a smart house hack (live in one side, rent the other). Both sides already tenant-occupied and generating reliable income. Property Highlights: * 2 Units - Each with 2 Beds + 1.5 Baths * 0.27 Acres with ample yard space * Built 1970 | Recent roof & mechanical updates * Full basement for laundry/storage * Strong location near UIndy with excellent rental potential Priced to sell at $249,900, this is a fantastic investment in a high-demand area with proven growth. Don't miss out on this turn-key opportunity - schedule your showing today!
Pending
$249,900
955 E Mills Ave, Indianapolis, IN 46227
4beds
4baths
--sqft
Multi Family, Duplex
Built in 1970
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Separate drivewaysMature treesLarge backyard
- 10 days |
- 409 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Craig Deboor 317-445-0351,
Real Broker, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22113237
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Main level bathrooms: 4
Cooling
- Separate Meters
Appliances
- Laundry: Connections All, Other
Features
- Has basement: Yes
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
- Details: Unit Parking(Unpaved)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.27 Acres
- Features: Access, Busline, Mature Trees
Details
- Parcel number: 491136109024000574
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other,Victorian
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Materials
- Vinyl Siding, Vinyl With Brick
- Foundation: Block
Condition
- New construction: No
- Year built: 1970
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: University Highland
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $229,000
- Annual tax amount: $5,076
- Date on market: 7/10/2026
- Cumulative days on market: 11 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Pending sale | $249,900 |
Source:  MIBOR as distributed by MLS GRID #22113237 Report a problem | ||
| 7/10/2026 | Listed for sale | $249,900+111.8% |
Source: MIBOR as distributed by MLS GRID #22113237 Report a problem | ||
| 7/19/2019 | Listing removed | $850 |
Source: Zillow Rental Manager Report a problem | ||
| 7/2/2019 | Listed for rent | $850 |
Source: Zillow Rental Manager Report a problem | ||
| 10/20/2017 | Sold | $118,000-9.2% |
Source: MIBOR as distributed by MLS GRID #21513409 Report a problem | ||
| 9/19/2017 | Pending sale | $130,000+73.3% |
Source: Hoosier, REALTORS #21513409 Report a problem | ||
| 9/8/2017 | Sold | $75,000-42.3% |
Source: Public Record Report a problem | ||
| 8/21/2017 | Listed for sale | $130,000+75.1% |
Source: Owner Report a problem | ||
| 6/15/2017 | Sold | $74,250-12.6% |
Source: Public Record Report a problem | ||
| 6/2/2017 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 8/1/2011 | Sold | $85,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,076 +4.1% | $229,000 +14.8% |
| 2024 | $4,877 +8.5% | $199,400 +4% |
| 2023 | $4,496 +11.2% | $191,800 +9.1% |
| 2022 | $4,043 +7.8% | $175,800 +12.8% |
| 2021 | $3,749 +11.8% | $155,800 +8.5% |
| 2020 | $3,355 +10% | $143,600 +12.5% |
| 2019 | $3,049 +91.8% | $127,700 +8.9% |
| 2018 | $1,590 -2.2% | $117,300 +13.3% |
| 2017 | $1,625 +12.7% | $103,500 +2.6% |
| 2016 | $1,443 -0.3% | $100,900 -4% |
| 2014 | $1,446 +15.6% | $105,100 -4.5% |
| 2013 | $1,251 | $110,100 +1.2% |
| 2012 | $1,251 | $108,800 +27.1% |
| 2011 | -- | $85,600 |
| 2010 | $1,712 +0% | $85,600 |
| 2009 | $1,712 | $85,600 -7.7% |
| 2007 | -- | $92,700 |
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: North Perry
Nearby schools
GreatSchools rating
- 6/10Abraham Lincoln Elementary SchoolGrades: 1-5Distance: 1.6 mi
- 8/10Perry Meridian Middle SchoolGrades: 7-8Distance: 3.9 mi
- 9/10Perry Meridian High SchoolGrades: 9-12Distance: 4.1 mi
- $--2 bd2 ba1.2k sqft957 E Mills Ave, Indianapolis, IN 46227Off Market
- $205,0004 bd4 ba-- sqft959-961 E Mills Ave, Indianapolis, IN 46227Sold
- $145,6002 bd1 ba1k sqft961 E Mills Ave, Indianapolis, IN 46227Off Market
- $205,000-- bd-- ba2.1k sqft959 E Mills Ave, Indianapolis, IN 46227Sold
- $207,2003 bd2 ba2k sqft939 E Mills Ave, Indianapolis, IN 46227Off Market
- $211,0003 bd2 ba1.9k sqft950 E Mills Ave, Indianapolis, IN 46227Sold
- $197,1002 bd0 ba1.5k sqft958 E Mills Ave, Indianapolis, IN 46227Off Market
- $135,8002 bd1 ba875 sqft933 E Mills Ave, Indianapolis, IN 46227Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $249,9003 bd2 ba2.9k sqft6029 Barth Ave, Indianapolis, IN 46227Active
MLS ID #22094530, Ray Stuck, HomeXpert, Ray Stuck & Co.. MIBOR as distributed by MLS GRID - $249,9004 bd2 ba1.2k sqft5136 Gambel Rd, Indianapolis, IN 46221Active
MLS ID #22111774, Amanda Norman, eXp Realty LLC. MIBOR as distributed by MLS GRID - $280,0003 bd2 ba2.7k sqft234 E Cragmont Dr, Indianapolis, IN 46227For Sale
MLS ID #202626689, Ashley Morris, RE/MAX First Integrity. IRMLS - $179,0003 bd2 ba1.4k sqft3945 Aurora St, Indianapolis, IN 46227Active
MLS ID #22110408, Joshua Bangert, Hidalgo Group, LLC. MIBOR as distributed by MLS GRID - $289,0003 bd2 ba1.4k sqft255 Iowa St, Indianapolis, IN 46225ActiveMLS ID #22113055, Jeremy Sandlin, F.C. Tucker Company. MIBOR as distributed by MLS GRID
- $245,0003 bd2 ba1.6k sqft1115 Harlan St, Indianapolis, IN 46203ActiveMLS ID #22094716, Tad Aschliman, @properties. MIBOR as distributed by MLS GRID
- $254,9004 bd2 ba2.1k sqft1442 Laurel St, Indianapolis, IN 46203ActiveMLS ID #22094475, Ashley Mullin, FS Houses LLC. MIBOR as distributed by MLS GRID
- $209,9004 bd2 ba-- sqft251 S Emerson Ave, Indianapolis, IN 46219ActiveMLS ID #22113240, Craig Deboor, Real Broker, LLC. MIBOR as distributed by MLS GRID
- $219,9003 bd2 ba1.4k sqft3930 Ivory Way, Indianapolis, IN 46237ActiveMLS ID #22112856, Heather Bottorff Harmon, Doc Real Estate, Inc. MIBOR as distributed by MLS GRID
- $--3 bd2 ba1.4k sqft7020 Ira Ct, Indianapolis, IN 46217AuctionServiceLink Auction
- $215,0004 bd3 ba1.8k sqft1510 E Raymond St, Indianapolis, IN 46203ActiveMLS ID #22109697, Shelby Farrar, Opendoor Brokerage LLC. MIBOR as distributed by MLS GRID
- $250,0003 bd3 ba1.7k sqft4519 Woodland Ct, Indianapolis, IN 46254ActiveMLS ID #22114408, Bernard Onyia, Leona Realty, LLC. MIBOR as distributed by MLS GRID
- $265,0006 bd2 ba-- sqft2610 E North St, Indianapolis, IN 46201ActiveMLS ID #22107451, Peter Stewart, Keller Williams Indpls Metro N. MIBOR as distributed by MLS GRID
- $234,9003 bd1 ba2k sqft5335 Norcroft Dr, Indianapolis, IN 46221ActiveMLS ID #22110846, Valerie Hoefling, Hoefling Realty, LLC. MIBOR as distributed by MLS GRID
- $250,0003 bd2 ba1.2k sqft432 Chapel Hill West Dr, Indianapolis, IN 46214For SaleMLS ID #202624362, Fransisco Salazar, Maitlen Realty. IRMLS
- $299,9992 bd1 ba-- sqft1338 S Talbott St, Indianapolis, IN 46225ActiveMLS ID #22102103, Maurice Brown, Berkshire Hathaway Home. MIBOR as distributed by MLS GRID
- $185,0004 bd2 ba1.2k sqft1322 E Naomi St, Indianapolis, IN 46203ActiveMLS ID #22093836, Thuriya Sai, Carpenter, REALTORS®. MIBOR as distributed by MLS GRID
- $184,5003 bd2 ba1.4k sqft2134 Pleasant St, Indianapolis, IN 46203ActiveMLS ID #22100423, Chiquita Watkins, Keller Williams Indy Metro NE. MIBOR as distributed by MLS GRID
- $299,9003 bd2 ba2k sqft8314 Alcona Dr, Indianapolis, IN 46227For Sale By Owner
- $229,0003 bd2 ba1.2k sqft1120 Bomar Ln, Greenwood, IN 46142ActiveMLS ID #22099470, Jonah Hartsburg, Hoosier Hub Realty, LLC. MIBOR as distributed by MLS GRID
