521 Orange Street

Indianapolis, IN 46203

$499,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This beautifully remodeled 3-bedroom, 2-bath duplex in the sought-after Bates-Hendricks neighborhood offers the perfect blend of comfort and investment potential. Just minutes from downtown Indy and Fountain Square, it's ideal for homeowners and investors alike. Live in one unit and rent out the other to offset your mortgage-one side is already operating as an Airbnb! Or, rent both sides out with all the tenants looking to live in the area. With brand-new electrical, plumbing, appliances, an electric...This beautifully remodeled 3-bedroom, 2-bath duplex in the sought-after Bates-Hendricks neighborhood offers the perfect blend of comfort and investment potential. Just minutes from downtown Indy and Fountain Square, it's ideal for homeowners and investors alike. Live in one unit and rent out the other to offset your mortgage-one side is already operating as an Airbnb! Or, rent both sides out with all the tenants looking to live in the area. With brand-new electrical, plumbing, appliances, an electric fireplace, and a sleek tiled shower, the home is fully updated and move-in ready. This is a great opportunity to enjoy modern living, while generating passive income.
  1. Listed by Denis O'Brien • Keller Williams Indy Metro S • denisobrien.kw@gmail.com
  2. Listed by Teddy Conn • Keller Williams Indy Metro S

Property Details for 521 Orange Street

Subdivision Name
South Park
Township
Center
Waterfront
No
LISTING UPDATED: 10/25/2024 06:47 PM

Property Details for 521 Orange Street

StatusActive
MLS #22000951
Days on Market65
Taxes$2,264 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1905
Lot Size0.07 AC / 3,049 SF
CountyMarion County

Building Information for 521 Orange Street

Stories-Residences2Year Built1905Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 521 Orange Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46203
  • Postal Code Plus4: 1832
  • Road Access: Frontage Road
  • Road Frontage Type: City Street
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 491113202002000101
  • Semi Annual Property Tax Amt: 2264
  • Tax Exemption: None
  • Tax Year: 2023
  • TaxLot: 8
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: Not Applic
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Description: City Lot
  • Lot Size Square Feet: 3049.0
  • Lot Size Acres: 0.07
  • New Construction: False
  • Possible Use: Residential, Vacant, See Remarks
  • Structure Type: Duplex
  • Year Built Numeric: 1905
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • DPRYN: Yes
  • Legal Subdivision: South Park Add L8
  • Photos Count: 33
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
  • Web Link: www.isgpropertycollection.com
  • Property Condition: Updated/Remodeled
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood
  • Foundation Details: Block
  • Roof: Shingle
Interior Features
  • Basement Description: Storage Space
  • Basement YN: Yes
  • Levels: Two
  • Multi Baths: 3
  • Multi Beds: 6
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: 2 Car Space
Income & Expenses
  • Expenses: 200
  • Gross Income: $3,400.00
Unit 1
  • Unit Kitchen: 156
  • Unit Levels: 2
  • Unit Miscellaneous: Dishwasher,Disposal,Dryer,Eat In Kitchen,Fireplace,Lndry Conn,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Hot Wtr Gas
  • Unit Type Type: 3 Bedroom
Unit 2
  • Unit Kitchen: 156
  • Unit Levels: 2
  • Unit Miscellaneous: Dishwasher,Disposal,Dryer,Fireplace,Lndry Conn,Range/Oven,Refrigrater,Washer
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Hot Wtr Gas
  • Unit Type Type: 3 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Insurance, Sewer, Water

Property History for 521 Orange 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 521 Orange Street

Taxable ValueLand$33,000Additions$158,800Total$191,800
Tax Record2023$4,550 ($379 / month)
Home Facts
Baths1Total Finished SqFt1,341 SqFtAbove Grade Finished SqFt1,341 SqFtStories2Lot Size3,049 SqFtStyleDuplexYear Built1905Year Renovated1940CountyMARIONAPN49-11-13-202-002.000-101

Schools near 521 Orange Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 12
Rating
School
Distance
James A. Garfield School 31
PublicPK to 8

Arsenal Technical High School
Public9 to 12

Emmerich Manual High School
Public12

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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521 Orange Street is a multi-family home for sale in Indianapolis, IN 46203. This property was listed for sale on September 13, 2024 by Keller Williams Indy Metro S, it's currently listed at $499,000. It has been on the market for a total of 65 days and was last sold on February 9, 2024. This listing's school district is Indianapolis Public Schools. Nearby schools include James A. Garfield School 31, Arsenal Technical High School and George Washington Community High School (9-12). 521 Orange Street is a 0-bed, 0-bath, multi-family home built in 1905.

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 Keller Williams Indy Metro S

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.