New hvac systemsNew flooringInterior paintNew roof and guttersNew water heatersFour separate garages
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. This is a turnkey investment opportunity with established tenants, multiple income sources, and a strong history of ongoing maintenance and improvements.
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Zillow last checked:
Listing updated:
Listed by:
Justin Perrey317-286-6588,
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: 6 days
Tenant pays: Electricity, Insurance, Grounds Care, Trash Collection
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
8/22/2026
Listed for sale
$262,500+31.3%
Source: MIBOR as distributed by MLS GRID #22120485Report a problem
10/7/2022
Sold
$200,000-7%
Source: MIBOR as distributed by MLS GRID #21862089Report a problem
8/31/2022
Pending sale
$215,000
Source: MIBOR as distributed by MLS GRID #21862089Report a problem
8/21/2022
Listed for sale
$215,000
Source: MIBOR as distributed by MLS GRID #21862089Report a problem
8/15/2022
Pending sale
$215,000
Source: MIBOR as distributed by MLS GRID #21862089Report a problem
6/10/2022
Listed for sale
$215,000+38.7%
Source: MIBOR as distributed by MLS GRID #21862089Report a problem
4/19/2021
Sold
$155,000
Source: MIBOR as distributed by MLS GRID #21770777Report a problem