518 Prospect Street

Indianapolis, IN 46203

$535,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This fully renovated luxury duplex is a rare gem, perfectly situated between the vibrant neighborhoods of Bates-Hendricks, Fletcher Place, and Fountain Square. Ideal for a house hacker, long-term investor, or Airbnb host, this property offers exceptional versatility and value. Each spacious unit boasts 3 large bedrooms, 2 bathrooms, and an open-concept living area that flows seamlessly into a sleek, kitchen, designed for both comfort and entertaining. Every inch of this duplex has been meticulously...This fully renovated luxury duplex is a rare gem, perfectly situated between the vibrant neighborhoods of Bates-Hendricks, Fletcher Place, and Fountain Square. Ideal for a house hacker, long-term investor, or Airbnb host, this property offers exceptional versatility and value. Each spacious unit boasts 3 large bedrooms, 2 bathrooms, and an open-concept living area that flows seamlessly into a sleek, kitchen, designed for both comfort and entertaining. Every inch of this duplex has been meticulously updated with brand-new finishes and stylish touches. Located in one of the most sought-after areas of town, it offers convenience-walk or bike to Eli Lilly, explore nearby downtown hotspots, or hop on the highway within minutes for an effortless commute. Whether you're looking to live in one unit and rent out the other or capitalize on short-term rental opportunities, this property is a true investment goldmine. With cutting-edge renovations and prime location appeal, this duplex presents a unique opportunity to combine modern living with smart financial planning. Schedule your showing today and see why this property is the perfect blend of style, location, and investment potential!
  1. Listed by Valerie Vaughn • Match House Realty Group LLC • valerie@matchhouserealty.com

Property Details for 518 Prospect Street

Architectural Style
Contemporary
Subdivision Name
Hendricks
Township
Center
LISTING UPDATED: 11/26/2024 08:21 AM

Property Details for 518 Prospect Street

StatusActive
MLS #22006424
Days on Market57
Taxes$1,321 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1921
Lot Size0.07 AC / 3,049 SF
CountyMarion County

Building Information for 518 Prospect Street

Stories-Residences2Year Built1921Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 518 Prospect Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46203
  • Postal Code Plus4: 1892
  • Road Access: Access Rd,Frontage Road
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491112101044000101
  • Semi Annual Property Tax Amt: 1321
  • Tax Exemption: None
  • Tax Year: 2023
  • TaxLot: 47
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: Water
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20
  • Lot Size Square Feet: 3180.0
  • Lot Size Acres: 0.07
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1921
  • Living Area Source: Builder
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • DPRYN: Yes
  • Legal Subdivision: Hendricks Sub L47 Ol99 Ex Tri Tr 7.59Ft El X30ft Nl N End For Hwy
  • Photos Count: 55
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Municipal Storm Connected,Water
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Cement Siding
  • Exterior Features: Lighting
  • Roof: Shingle
Interior Features
  • Basement YN: Yes
  • Cooling: Central Electric
  • Levels: Two
  • Laundry Features: Laundry Room
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: On Street, Other
Income & Expenses
  • Expenses: 0
  • Gross Income: $.00
Unit 1
  • Unit Kitchen: 300
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Cl Heat Pump,Hot Wtr Elec
  • Unit Type Type: 3 Bedroom
Unit 2
  • Unit Kitchen: 300
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 3 Bedroom
Rental
Rental Information
  • Tenant Pays: Electricity

Property History for 518 Prospect Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 518 Prospect Street

Taxable ValueLand$30,400Additions$81,000Total$111,400
Tax Record2023$2,642 ($220 / month)
Home Facts
Beds3Total Finished SqFt1,288 SqFtAbove Grade Finished SqFt1,288 SqFtStories1Lot Size3,180 SqFtStyleSingle Family ResidenceYear Built1921Year Renovated1966ZoningZO01CountyMARIONAPN49-11-12-101-044.000-101

Schools near 518 Prospect Street

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

Longfellow 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

518 Prospect Street is a multi-family home for sale in Indianapolis, IN 46203. This property was listed for sale on October 22, 2024 by Match House Realty Group LLC, it's currently listed at $535,000. It has been on the market for a total of 57 days and was last sold on March 22, 2019. This listing's school district is Indianapolis Public Schools. Nearby schools include Washington Irving School 14, Longfellow Magnet Middle School and Arsenal Technical High School. 518 Prospect Street is a 0-bed, 0-bath, multi-family home built in 1921.

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 Match House Realty Group 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.