1409 Marlowe Avenue
$279,000
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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.
- Listed by Joshua Vida • Paradigm Realty Solutions • jvida@realtyparadigm.com
Property Details for 1409 Marlowe Avenue
Architectural Style
Victorian
Subdivision NameArsenal Park
TownshipCenter
LISTING UPDATED: 10/07/2024 06:51 PM
Property Details for 1409 Marlowe Avenue
Status | Active |
---|---|
MLS # | 22005202 |
Days on Market | 33 |
Taxes | $1,670 semi-annually |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 1986 |
Lot Size | 0.10 AC / 4,356 SF |
County | Marion County |
Building Information for 1409 Marlowe Avenue
Stories-Residences2Year Built1986Building Size-Lot Size0.10 AC / 4,356 SF
Property Information for 1409 Marlowe Avenue
Property History for 1409 Marlowe Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
George Washington Community High School (9-12) 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.
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