311-313 Eastern Avenue Indianapolis, IN ^$ 245,000

311-313 Eastern Avenue

^$ 245,000

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Recently Listed

311-313 Eastern Avenue

Indianapolis, IN, 46201

^$ 245,000

Studio Baths0.0

Monthly Estimate*

^$ 1,711

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Studio

Multi-Family Home for sale in Indianapolis, IN

for $245,000. This home was built in 1900 on a lot size of 0.07.

Duplex was completely renovated inside & out in 2022! 313 side is leased for $950 a month and lease expires Oct 2024. 311 side is rented for $930 a month and lease ends Feb 2025. Tenants pay gas and electric (metered separately) and owner pays water/sewer bill (metered together) which averages $85 a month. First floor laundry connections in each unit. Photos courtesy of current property management company, who would be happy to continue management services if buyer desires.

Multi-Family Active

Price

^$ 245,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 3,038

Style

Lot Size

0.07

Year Built

1900

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21976520

Features

General

Heating Forced Air

Cooling Central Electric

Possession Closing Subject To Tenants Rights

Architectural Style Other

Construction Materials Other

Year Built 1900

Tenant Pays Electricity Gas Insurance

Township Center

Levels One and One Half

Property SubType Duplex

Tax Year 2023

Current Use Residential

County Marion

New Construction N

Property Type Residential Income

Subdivision Name Gills Eastern Place

Status Active

Directions GPS Friendly

City Indianapolis

Buyer Agent Compensation 2.5

High School District Indianapolis Public Schools

Total Units 2

MLS Area 4912 - Marion - Center Ne

Lot Size Square Feet 2919

Street Name Eastern

Property Attached Y/N Y

Current Financing Conventional

Additional Parcels Y/N N

Days on Market 1

Standard Status Active

Tax Lot 1

Buyer Agent Compensation Type %

Legal Description Gills Eastern Place Add 40' N Side Of L1 & L2

Exterior

Lot Features Other

Lot Size Acres 0.07

Interior

Basement (Y/N) Y

Street Suffix Avenue

Laundry Features Other

* Excluded Features

List By

Keller Williams Indy Metro S

Broker

emilyhuskey@kw.com

Affordability Calculator

$1,965

Per Month

Monthly Principal & Interest: $1,711
Monthly Property Taxes: $253
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Indianapolis, IN

Average List Price ^$291,388

Percent of Sale Price 19%

About Indianapolis, IN

843,184 Population

8% Since 2002

^$43,160 Median Income

35.24 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4044905 Elementary School

4044909 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/29/2024	$245,000		Listed Price

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311-313 Eastern Avenue, Indianapolis, IN, 46201 is a Multi-Family Home for sale at $245,000 with a lot size of 0.07. 311-313 Eastern Avenue is a studio with 0.0 baths and was built in 1900. The property's zip code is 46201 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Property information provided courtesy of the Internet Exchange Program of the Metropolitan Indianapolis Board of REALTORS® Broker Listing Cooperative® listing service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/17/2024.

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311-313 Eastern Avenue

Multi-Family Home for sale in Indianapolis, IN

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