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Sold
  • $450,000

    965 Woodruff Place Middle Dr, Indianapolis, IN 46201

    5beds
    4baths
    --sqft
    Multi Family, Triplex
    Built in 1910
    -- sqft lot
    $469,500 Zestimate®
    $--/sqft
    $1,893 Estimated rent

    Home value

    $469,500

    $441,000 - $502,000

    $1,893/mo

    Zestimate® history
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    $1,893/mo

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    $2,807/mo

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    $2,807/mo

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    What's special

    Modern comfortsAmazing restaurantsDiverse income streamsHistoric charm
    Attention investors and future investors! Welcome to an enticing opportunity in the historic neighborhood of Woodruff Place. This property seamlessly blends historic charm with modern amenities, making it an irresistible option for those seeking both appreciation and rental income. Its prime location near downtown ensures strong rental demand from professionals, students, and urban dwellers, allowing tenants to enjoy a vibrant lifestyle with easy access to nightlife on Mass Ave, amazing restaurants, and major sporting events. Key Features: Three Units: This property is divided into three units, providing a diverse rental income stream. Unit One: Currently rented via Furnished Finder for $1400/month, this unit features 1 bedroom and 1 bathroom. Unit Two: Offering 1 bedroom and 1 bathroom, this unit commands $1070/month in rental income. Unit Three: With 3 bedrooms and 2 bathrooms, this unit, already occupied by a long-term tenant, generates $1525/month in rental income. Seize the opportunity to add this historic gem to your investment portfolio. With its strong rental demand, diverse income streams, and historical charm, this property promises both immediate returns and long-term appreciation. Investors have the option to reside in one unit while renting out the other two, effectively offsetting their living expenses with rental income. Imagine enjoying the historic charm and modern comforts of Woodruff Place while simultaneously building wealth through real estate investment. It's a unique opportunity to experience the best of both worlds - comfortable living and passive income generation. Seize the opportunity to add this historic gem to your investment portfolio. With its strong rental demand, diverse income streams, and historical charm, this property promises both immediate returns and long-term appreciation. Take the first step toward maximizing your real estate investment potential with this property!

    Zillow last checked:

    Listing updated:

    Listed by:

    Nicholas Bush 317-690-2856,

    My Agent

    Bought with:

    Jackie Murray

    CENTURY 21 Scheetz

    Source: MIBOR as distributed by MLS GRID,MLS#: 21964699MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    Heating
    • Dual, Forced Air
    Cooling
    • Has cooling: Yes
    Features
    • Basement: Unfinished

    Property

    Parking
    • Total spaces: 3
    • Parking features: Detached
    • Garage spaces: 3
    • Details: Unit Parking(1 Car Garage, 2 Car Garage, On Street)
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Balcony
    Lot
    • Size: 6,969 Square Feet
    Details
    • Parcel number: 491006168206000101

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Triplex
    Materials
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1910

    Community & HOA

    Community
    • Subdivision: Woodruff Acres
    Location
    • Region: Indianapolis

    Financial & listing details

    • Tax assessed value: $432,100
    • Annual tax amount: $4,042
    • Date on market: 2/19/2024
    • Cumulative days on market: 2 days
    • Tenant pays: Electricity, Gas, Insurance

    Price history

    DateEventPrice
    3/28/2024Sold$450,000
    Source: MIBOR as distributed by MLS GRID #21964699 Report a problem
    2/21/2024Pending sale$450,000
    Source: MIBOR as distributed by MLS GRID #21964699 Report a problem
    2/19/2024Listed for sale$450,000+66.7%
    Source: MIBOR as distributed by MLS GRID #21964699 Report a problem
    6/8/2017Sold$270,000+35%
    Source: MIBOR as distributed by MLS GRID #21469788 Report a problem
    12/20/2013Sold$200,000-12.2%
    Source: MIBOR as distributed by MLS GRID #21238336 Report a problem
    11/21/2013Pending sale$227,800
    Source: RE/MAX Metro #21238336 Report a problem
    10/1/2013Listed for sale$227,800
    Source: RE/MAX Metro #21238336 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,671 -1.7%$432,100 +11.4%
    2024$4,751 +5.2%$387,900 -2.3%
    2023$4,518 +11.8%$397,200 +5.8%
    2022$4,043 +12.9%$375,400 +8.7%
    2021$3,581 +4.5%$345,300 +13%
    2020$3,427 +0.4%$305,600 +6.5%
    2019$3,411 +16.9%$287,000 +6.3%
    2018$2,919 +3.8%$269,900 +5.6%
    2017$2,813 +6.4%$255,700 +4%
    2016$2,644 +2.5%$245,900 +3%
    2014$2,579 +2.1%$238,700 +11.1%
    2013$2,527 $214,900 -4.9%
    2012$2,527 $225,900 +14.8%
    2011-- $196,700 +54.5%
    2010$1,311 -1.6%$127,300
    2009$1,333 $127,300
    Find assessor info on the county website

    Neighborhood: Near Eastside

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $469,500
    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
    $469,500