Pending42d on marketHistoric · 96 yrs
735 N Bancroft St
Indianapolis, IN, 46201 • Near Eastside • Marion County
$185,000
Down payment assistance available
2Beds
2Baths
0.15 acLot
1930Built
Property DNA
Traditional Style
Built 1930 · 96 years of history
Emerson Heights
Near Eastside
This home is getting attention
Listed 42 days ago · 263 views · 16 saves
Market activity
Demand and pricing signals for this listing
263 views
People checking out this listing
16 saves
Buyers have saved this home
42 days on market
Established listing
Selling Soon Prediction
HighThis home ranks in the top 24% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1930 · Historic
Perfect Addition to Your Rental Portfolio! Well-maintained 1 bedroom / 1 full bathroom per side duplex located in the popular Emerson Heights neighborhood. This turnkey investment offers immediate and stable rental income with long-term tenants already in place. Upon arrival, you're welcomed by a well-kept lot and inviting front porch areas for each unit to enjoy. Inside, both units feature an open living and dining room layout filled with charm and classic character. The thoughtfully designed kitchens offer functional space and practical flow. Down the hall, each unit includes a full bathroom with a tub/shower combo and a spacious bedroom. The property also includes a 2-car detached garage, with each unit enjoying its own 1-car garage space - a valuable amenity for tenants. Investment Highlights: Unit 733: Leased is MTM at $700/month (tenant in place since 2014). Unit 735: Leased through 4/2027 at $900/month (tenant in place since 2025). With strong rental history, established tenants, and location in a neighborhood known for ongoing growth and appeal, this property is an excellent opportunity to add steady cash flow to your portfolio.
Standout features identified
Our analysis highlights well-kept lot, thoughtfully designed kitchens, and inviting front porch areas as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,216/month
Principal & Interest$969
Property Tax$185
Insurance$62
Down payment20% ($37,000)
3%50%
Est. 6.84% rate · 30yr fixed · $148,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family, Duplex
Year Built1930
Parking2 Covered Parking spaces
Days on Zillow42 Days
Property
Home typeMulti Family
Sub-typeMulti Family, Duplex
StyleTraditional
Year built1930
Stories1
Parking & Outdoor
ParkingDetached
Garage2 spaces
Lot6,534 sqft
Location & Tax
NeighborhoodNear Eastside
ZoningZO01
Annual tax$3,832
Parcel491004107069000101
Features & details
1 category of property features
Exterior Features
Parking
Detached
Listing insights
Market data and value estimates
StatusPending
Days on market42
Tax rate0.96%
On marketFeb 25, 2026
PostedFeb 25, 2026
Last sold$173,500
MLS statusPending
MLS updatedMar 16, 2026
Tour days6
Views263
Favorites16
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46201
Price history
12 events
DateEventPrice$/sqftSource
Mar 16, 2026Pending Sale$185,000—MIBOR as distributed by MLS GRID
Feb 25, 2026Listed For Sale$185,000—MIBOR as distributed by MLS GRID
Apr 4, 2025Listing Removed$900—Zillow Rentals
Feb 7, 2025Listed For Rent$900—Zillow Rentals
Dec 15, 2023Sold$173,500—MIBOR as distributed by MLS GRID
Nov 15, 2023Pending Sale$173,500—MIBOR as distributed by MLS GRID
Oct 6, 2023Listed For Sale$173,500—MIBOR as distributed by MLS GRID
Oct 2, 2023Pending Sale$173,500—MIBOR as distributed by MLS GRID
Sep 2, 2023Listed For Sale$173,500—MIBOR as distributed by MLS GRID
Mar 24, 2021Listing Removed——Owner
Jan 9, 2020Listing Removed$645—Owner
Dec 31, 2019Listed For Rent$645—Owner
Pending Sale$185,000
Mar 16, 2026•MIBOR as distributed by MLS GRID
Listed For Sale$185,000
Feb 25, 2026•MIBOR as distributed by MLS GRID
Listing Removed$900
Apr 4, 2025•Zillow Rentals
Listed For Rent$900
Feb 7, 2025•Zillow Rentals
Sold$173,500
Dec 15, 2023•MIBOR as distributed by MLS GRID
Pending Sale$173,500
Nov 15, 2023•MIBOR as distributed by MLS GRID
Listed For Sale$173,500
Oct 6, 2023•MIBOR as distributed by MLS GRID
Pending Sale$173,500
Oct 2, 2023•MIBOR as distributed by MLS GRID
Listed For Sale$173,500
Sep 2, 2023•MIBOR as distributed by MLS GRID
Listing Removed—
Mar 24, 2021•Owner
Listing Removed$645
Jan 9, 2020•Owner
Listed For Rent$645
Dec 31, 2019•Owner
Tax history
16 years of records
YearTax paidAssessed value
Apr 8, 2024$2,204$161,500
Apr 8, 2023$1,657$92,900
Apr 8, 2022$1,880$96,500
Apr 8, 2021$1,517$81,500
Apr 8, 2020$1,660$79,200
Apr 8, 2019$1,453$70,300
Apr 8, 2018$1,535$76,200
Apr 8, 2017$986$69,300
Apr 8, 2016$850$41,600
Apr 8, 2014$984$45,500
Apr 8, 2013$1,238$57,000
Apr 8, 2012$1,238$55,200
Apr 8, 2011—$44,200
Apr 8, 2010$1,427$67,600
Apr 8, 2009$1,459$67,600
Apr 8, 2007—$72,000
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 16:38:01 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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