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  • $262,500

    8465 Bluff Rd, Indianapolis, IN 46217

    2beds
    1baths
    --sqft
    : 
    $1,768/mo
    Get pre-qualified
    Multi Family, Duplex
    Built in 1976
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    4 days
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    179
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    14
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    Zillow last checked:

    Listing updated:

    Listed by:

    Justin Perrey 317-286-6588,

    PHT Holdings LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22120492MLS Logo

      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: 491421121012.000500
      • Parcel number: 491421121011000500
      • 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: $5,580
      • Date on market: 8/22/2026
      • Cumulative days on market: 6 days
      • Tenant pays: All Utilities, Insurance, Grounds Care, Trash Collection

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/22/2026Listed for sale$262,500+31.3%
        Source: MIBOR as distributed by MLS GRID #22120492 Report a problem
        10/7/2022Sold$200,000-7%
        Source: MIBOR as distributed by MLS GRID #21862079 Report a problem
        8/31/2022Pending sale$215,000
        Source: MIBOR as distributed by MLS GRID #21862079 Report a problem
        8/21/2022Listed for sale$215,000
        Source: MIBOR as distributed by MLS GRID #21862079 Report a problem
        8/15/2022Pending sale$215,000
        Source: MIBOR as distributed by MLS GRID #21862079 Report a problem
        6/10/2022Listed for sale$215,000+38.7%
        Source: MIBOR as distributed by MLS GRID #21862079 Report a problem
        4/19/2021Sold$155,000
        Source: MIBOR as distributed by MLS GRID #21770763 Report a problem
        3/12/2021Pending sale$155,000
        Source: Keller Williams #21770763 Report a problem
        3/11/2021Listed for sale$155,000
        Source: Keller Williams #21770763 Report a problem
        3/11/2021Pending sale$155,000
        Source: MIBOR as distributed by MLS GRID #21770763 Report a problem
        3/11/2021Listed for sale$155,000+84.2%
        Source: MIBOR as distributed by MLS GRID #21770763 Report a problem
        9/16/2008Sold$84,150
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,846 +5.5%$215,300 +13.1%
        2024$4,595 +32.5%$190,400 +5.4%
        2023$3,468 +4.6%$180,700 +33.3%
        2022$3,316 +7.1%$135,600 +6.1%
        2021$3,096 +13.9%$127,800 +7.8%
        2020$2,719 +22.9%$118,600 +14.6%
        2019$2,212 -0.9%$103,500 +21.6%
        2018$2,233 -51.1%$85,100 +2.2%
        2017$4,563 +128.7%$83,300 -2.7%
        2016$1,995 +13.5%$85,600 +18.1%
        2014$1,758 +2.9%$72,500
        2013$1,709 $72,500 +3.6%
        2012$1,709 $70,000 -9.8%
        2011-- $77,600
        2010$1,552 $77,600
        2009$1,552 $77,600 -19.3%
        2007-- $96,100 +2.9%
        2006-- $93,400 +13.8%
        2005-- $82,100
        2004-- $82,100
        2003-- $82,100 +81.2%
        2002-- $45,300
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Glenn's Valley

        Getting around

        10 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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