329 South State Avenue

Indianapolis, IN 46201

$229,900
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Looking for an income generating duplex minutes from downtown, Fountain Square, and the new Community Justice Campus? Each unit is 2 beds and 1 bath with updated interior paint, LVP flooring, new decks, new light fixtures and more. Private parking for 4 vehicles with new gravel. All mechanicals were replaced 5 years ago. One unit is rented and the other unit is vacant. The vacant unit is rent ready and could potentially rent at market value for $1200. This is a rapidly changing neighborhood, and...Looking for an income generating duplex minutes from downtown, Fountain Square, and the new Community Justice Campus? Each unit is 2 beds and 1 bath with updated interior paint, LVP flooring, new decks, new light fixtures and more. Private parking for 4 vehicles with new gravel. All mechanicals were replaced 5 years ago. One unit is rented and the other unit is vacant. The vacant unit is rent ready and could potentially rent at market value for $1200. This is a rapidly changing neighborhood, and a house two doors down recently sold.
  1. Listed by Lisa Meulbroek • Liberty Real Estate, LLC. • lmeulbroek@libertyrealestate.biz
  2. Listed by Chris Meulbroek • Liberty Real Estate, LLC.

Property Details for 329 South State Avenue

Architectural Style
Colonial
Subdivision Name
State Square
Township
Center
Waterfront
No
LISTING UPDATED: 12/02/2024 10:52 AM

Property Details for 329 South State Avenue

StatusActive
MLS #22004833
Days on Market69
Taxes$1,300 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1910
Lot Size0.10 AC / 4,356 SF
CountyMarion County

Building Information for 329 South State Avenue

Stories-Residences2Year Built1910Building Size-Lot Size0.10 AC / 4,356 SF

Property Information for 329 South State Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46201
  • Postal Code Plus4: 3933
  • Road Access: Frontage Road
  • Road Frontage Type: City Street
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 491007205011000101
  • Semi Annual Property Tax Amt: 1300
  • Tax Exemption: None
  • Tax Year: 2023
  • TaxLot: 25
  • Tax Block: 1
School Information
  • Elementary School: Center For Inquiry School 2
  • High School: Arsenal Technical High School
  • Middle Or Junior School: HW Longfellow Med/STEM Magnet Midl
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: Insurance, Lawncare, Taxes, Sewer, Water
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Description: Access, Sidewalks, Storm Sewer, Street Lights
  • Lot Size Square Feet: 4443.0
  • Lot Size Acres: 0.1
  • New Construction: False
  • Possible Use: Residential
  • Structure Type: Duplex
  • Year Built Numeric: 1910
  • Living Area Source: Broker
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Inspection Warranties: General
  • Legal Subdivision: State Square Add L25
  • Photos Count: 11
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Road Surface Type: Concrete
  • Transaction Type: Sale
  • Property Condition: Updated/Remodeled
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Separate Gas Meter,Sewer,Water
  • Solid Waste: No
  • Operating Expense: 5271.0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Cedar, Vinyl Siding
  • Foundation Details: Block
  • Roof: Shingle
Interior Features
  • Basement YN: No
  • Cooling: Central Electric, Separate Meters
  • Heating: Forced Air, Gas
  • Levels: Two
  • Laundry Features: Connections All
  • Multi Baths: 2
  • Multi Beds: 4
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: 2 Car Space
Income & Expenses
  • Expenses: 0
  • Net Operating Income: $23,528.00
  • Gross Income: $28,800.00
Unit 1
  • Unit Kitchen: 132
  • Unit Levels: 2
  • Unit Miscellaneous: Eat In Kitchen,Lndry Conn,No Equip
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced,Hot Wtr Elec
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 12x11
  • Unit Levels: 2
  • Unit Miscellaneous: Eat In Kitchen,Lndry Conn
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Heat Pump,Fuel Elec,Heat Forced,Heat Ht Pump,Hot Wtr Gas
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Tenant Pays: Electricity, Fees, Gas

Property History for 329 South State 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 329 South State Avenue

Taxable ValueLand$6,200Additions$103,400Total$109,600
Tax Record2023$2,600 ($217 / month)
Home Facts
Total Finished SqFt1,008 SqFtAbove Grade Finished SqFt1,008 SqFtStories2Lot Size4,443 SqFtStyleDuplexYear Built1910Year Renovated1960CountyMARIONAPN49-10-07-205-011.000-101

Schools near 329 South State 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

HW Longfellow Med/STEM Magnet Midl
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.

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329 South State Avenue is a multi-family home for sale in Indianapolis, IN 46201. This property was listed for sale on October 15, 2024 by Liberty Real Estate, LLC., it's currently listed at $229,900. It has been on the market for a total of 69 days and was last sold on June 13, 2019. This listing's school district is Indianapolis Public Schools. Nearby schools include Washington Irving School 14, HW Longfellow Med/STEM Magnet Midl and Arsenal Technical High School. 329 South State Avenue is a 0-bed, 0-bath, multi-family home built in 1910.

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 Liberty Real Estate, LLC.

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.