For Sale111d on marketHistoric · 105 yrs
3250 Central Ave
Indianapolis, IN, 46205 • Mapleton-Fall Creek • Marion County
$310,000
-$15,000 since Mar 13, 2026
Down payment assistance available
3Beds
1Baths
0.15 acLot
1921Built
Property DNA
Neighborhood Views
Neighborhood
Character Home
Built 1921 · 105 years of history
No Subdivision
Mapleton-Fall Creek
This home is getting attention
Listed 111 days ago · 422 views · 22 saves
Market activity
Demand and pricing signals for this listing
422 views
People checking out this listing
22 saves
Buyers have saved this home
111 days on market
Established listing
About this home
Multi Family · Built 1921 · Historic
High-performing duplex featuring two units, each with 3 bedrooms and 1 bath. Both units are currently vacant, providing convenient access for showings and a seamless opportunity to bring the three-bedroom, one-bath units to the proposed market rent of $1,600. Excellent opportunity for immediate cash flow or owner-occupancy. Please note that the current rent roll and trailing 12 months are calculated under the assumption that both units are rented. Schedule your tour today to see the potential for yourself! Investment Highlights: Anchored by Billion-Dollar Developments - IU Medical Campus, Circle Centre Mall Redevelopment, The Cultural Trail Low-Maintenance Portfolio addition with new water heaters and furances Strong Proforma Gross Monthly Income Immediate "Day 1 " Value-Add Low Vacancy Rates in the area
Estimated monthly payment
Based on current rates
$1,942/month
Principal & Interest$1,528
Property Tax$310
Insurance$103
Down payment20% ($62,000)
3%50%
Est. 6.26% rate · 30yr fixed · $248,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family, Duplex
Year Built1921
HeatingForced Air
Parking2 Parking spaces
Days on Zillow111 Days
Property
Home typeMulti Family
Sub-typeMulti Family, Duplex
Year built1921
Stories2
Systems
HeatingForced Air
ConstructionBrick
Parking & Outdoor
BasementInterior Entry
Lot6,534 sqft
Location & Tax
NeighborhoodMapleton-Fall Creek
Annual tax$4,082
Parcel490624145050000101
Features & details
4 categories of property features
Interior Features
Heating
Forced Air
Exterior Features
Construction
Brick
Security
Smoke Detector(s)
Views
Neighborhood
Listing insights
Market data and value estimates
StatusFor Sale
Days on market111
Tax rate0.96%
On marketDec 18, 2025
PostedDec 18, 2025
Last sold$143,900
MLS statusActive
MLS updatedMar 13, 2026
Tour days9
Views422
Favorites22
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46205
Price history
13 events
DateEventPrice$/sqftSource
Mar 13, 2026Price Change$310,000—MIBOR as distributed by MLS GRID
Dec 18, 2025Listed For Sale$325,000—MIBOR as distributed by MLS GRID
Mar 24, 2021Listing Removed——Owner
Jun 11, 2019Listing Removed$1,050—Owner
May 13, 2019Listed For Rent$1,050—Owner
Dec 28, 2015Sold$143,900—MIBOR as distributed by MLS GRID
Sep 19, 2015Price Change$139,900—CENTURY 21 Scheetz
Aug 28, 2015Price Change$144,900—CENTURY 21 Scheetz
Aug 10, 2015Price Change$149,900—CENTURY 21 Scheetz
Jul 10, 2015Listed For Sale$155,000—CENTURY 21 Scheetz
Sep 15, 2014Sold$21,000—MIBOR as distributed by MLS GRID
Aug 15, 2014Pending Sale$21,000—CENTURY 21 Scheetz
Aug 1, 2014Listed For Sale$21,000—CENTURY 21 Scheetz
Price Change$310,000
Mar 13, 2026•MIBOR as distributed by MLS GRID
Listed For Sale$325,000
Dec 18, 2025•MIBOR as distributed by MLS GRID
Listing Removed—
Mar 24, 2021•Owner
Listing Removed$1,050
Jun 11, 2019•Owner
Listed For Rent$1,050
May 13, 2019•Owner
Sold$143,900
Dec 28, 2015•MIBOR as distributed by MLS GRID
Price Change$139,900
Sep 19, 2015•CENTURY 21 Scheetz
Price Change$144,900
Aug 28, 2015•CENTURY 21 Scheetz
Price Change$149,900
Aug 10, 2015•CENTURY 21 Scheetz
Listed For Sale$155,000
Jul 10, 2015•CENTURY 21 Scheetz
Sold$21,000
Sep 15, 2014•MIBOR as distributed by MLS GRID
Pending Sale$21,000
Aug 15, 2014•CENTURY 21 Scheetz
Listed For Sale$21,000
Aug 1, 2014•CENTURY 21 Scheetz
Tax history
16 years of records
YearTax paidAssessed value
Apr 9, 2024$4,003$246,800
Apr 9, 2023$3,737$246,800
Apr 9, 2022$3,371$224,100
Apr 9, 2021$3,489$205,900
Apr 9, 2020$3,143$211,300
Apr 9, 2019$1,911$192,100
Apr 9, 2018$1,750$129,300
Apr 9, 2017$1,712$128,500
Apr 9, 2016$355$126,100
Apr 9, 2014$457$15,700
Apr 9, 2013$366$15,700
Apr 9, 2012$366$16,100
Apr 9, 2011—$15,600
Apr 9, 2010$329$15,600
Apr 9, 2009$1,281$59,900
Apr 9, 2007—$89,400
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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Based on information submitted to the MLS GRID as of 2026-04-08 17:58:04 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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