1409 Marlowe Avenue

Indianapolis, IN 46201

$279,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover an outstanding investment opportunity with this charming duplex located at 1409 and 1411 Marlowe Ave in the heart of Indianapolis. Each side features three spacious bedrooms and one full bathroom, making this property perfect for both seasoned investors and those entering the real estate market. Situated just minutes from downtown Indianapolis, this duplex offers convenient access to the Monon Trail and the vibrant Bottleworks District, known for its shopping, dining, and entertainment....Discover an outstanding investment opportunity with this charming duplex located at 1409 and 1411 Marlowe Ave in the heart of Indianapolis. Each side features three spacious bedrooms and one full bathroom, making this property perfect for both seasoned investors and those entering the real estate market. Situated just minutes from downtown Indianapolis, this duplex offers convenient access to the Monon Trail and the vibrant Bottleworks District, known for its shopping, dining, and entertainment. This prime location ensures a strong demand for rentals and great potential for appreciation in value. The open floor plans of both units create a welcoming atmosphere, enhanced by large windows that fill the spaces with natural light. Modern kitchens are equipped with ample counter space and essential appliances, perfect for culinary pursuits. Each unit's three well-sized bedrooms provide comfortable living spaces, while the conveniently located full bathrooms serve essential needs. With separate entrances and utilities, privacy and functionality are maximized for each unit. Investors will find significant potential for passive income, given the growing demand for rental properties in the 46201 zip code. Recent comparable properties highlight strong rental rates, making this duplex an attractive prospect for diversifying any investment portfolio. Don't miss this unique opportunity to own a duplex in a sought-after Indianapolis location. This property is ideal for anyone looking to embark on or expand their real estate journey. Explore the possibilities that 1409 and 1411 Marlowe Ave have to offer! Major renovation has already started on the 1411 Marlowe side. Many materials are there including kitchen cabinets, all bathroom vanities, new Anderson windows, front doors, back door, and HVAC duct work.
  1. Listed by Joshua Vida • Paradigm Realty Solutions • jvida@realtyparadigm.com

Property Details for 1409 Marlowe Avenue

Architectural Style
Victorian
Subdivision Name
Arsenal Park
Township
Center
LISTING UPDATED: 10/07/2024 06:51 PM

Property Details for 1409 Marlowe Avenue

StatusActive
MLS #22005202
Days on Market33
Taxes$1,670 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1986
Lot Size0.10 AC / 4,356 SF
CountyMarion County

Building Information for 1409 Marlowe Avenue

Stories-Residences2Year Built1986Building Size-Lot Size0.10 AC / 4,356 SF

Property Information for 1409 Marlowe Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46201
  • Postal Code Plus4: 3005
  • Road Access: Not Applic
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491006161029000101
  • Semi Annual Property Tax Amt: 1670
  • Tax Exemption: Homestead Tax Exemption
  • Tax Year: 2023
  • TaxLot: 61
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Size Square Feet: 4400.0
  • Lot Size Acres: 0.1
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1986
  • Living Area Source: Appraisal
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Arsenal Park L61
  • Photos Count: 51
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Roof: Asphalt
Interior Features
  • Basement YN: Yes
  • Cooling: Central Electric
  • Levels: Two
Multi Family
Multi-Family Information
  • Total Units: 2
Income & Expenses
  • Expenses: 0
  • Gross Income: $.00
Unit 1
  • Unit Kitchen: 0
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly

Property History for 1409 Marlowe Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1409 Marlowe Avenue

Taxable ValueLand$41,800Additions$238,200Total$280,000
Tax Record2023$3,318 ($276 / month)
Home Facts
Total Finished SqFt1,688 SqFtAbove Grade Finished SqFt1,688 SqFtStories2Lot Size4,400 SqFtStyleDuplexYear Built1986CountyMARIONAPN49-10-06-161-029.000-101Fireplace TypeHas Fireplace

Schools near 1409 Marlowe Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Washington Irving School 14
PublicPK to 6

H.L. Harshman Magnet Middle School
Public7 to 8

Arsenal Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1409 Marlowe Avenue is a multi-family home for sale in Indianapolis, IN 46201. This property was listed for sale on October 4, 2024 by Paradigm Realty Solutions, it's currently listed at $279,000. It has been on the market for a total of 33 days and was last sold on October 5, 2021. This listing's school district is Indianapolis Public Schools. Nearby schools include Washington Irving School 14, H.L. Harshman Magnet Middle School and Arsenal Technical High School. 1409 Marlowe Avenue is a 0-bed, 0-bath, multi-family home built in 1986.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Paradigm Realty Solutions

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.