Sold80d on marketHistoric · 124 yrs
631 Terrace Ave
Indianapolis, IN, 46203 • Near Southside • Marion County
$180,000
4Beds
3Baths
0.08 acLot
1902Built
Property DNA
Traditional Style
Built 1902 · 124 years of history
South Park
Near Southside
Market activity
Demand and pricing signals for this listing
21 views
People checking out this listing
80 days on market
Established listing
About this home
Multi Family · Built 1902 · Historic
It's your lucky day! Buyer financing fell through so we're back on the market. Be part of the exciting revival of the Old Southside, Bates-Hendricks, and South Park neighborhoods. This early 20th-century duplex offers a unique opportunity for investors or visionary homeowners. With over 2,600 total square feet (m/l), the property is ready for renovation-restore it to its original single-family layout or update both units for solid rental income. The main level features 3 bedrooms and 2 full bathrooms, while the upper unit includes 1 bedroom and 1 full bathroom, accessible via a separate entrance. Whether you're looking to house hack, invest, or fully restore, there's plenty of space and potential to bring your vision to life. Explore the possibilities in one of Indy's most rapidly evolving areas, just minutes from downtown, restaurants, entertainment, and public transit. All appliances in the home stay.
Estimated monthly payment
Based on current rates
$1,183/month
Principal & Interest$943
Property Tax$180
Insurance$60
Down payment20% ($36,000)
3%50%
Est. 6.84% rate · 30yr fixed · $144,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family, Duplex
Year Built1902
HeatingNone
CoolingNone
Parking1 Parking space
Property
Home typeMulti Family
Sub-typeMulti Family, Duplex
StyleTraditional
Year built1902
Stories1
Systems
HeatingNone
CoolingNone
ConstructionVinyl Siding
Parking & Outdoor
ParkingConcrete
BasementUnfinished
Lot3,484 sqft
Location & Tax
NeighborhoodNear Southside
Annual tax$3,876
Parcel491113123041000101
Features & details
6 categories of property features
Interior Features
Heating
None
Cooling
None
Laundry
Connections All
Exterior Features
Parking
Concrete
Construction
Vinyl Siding
Lot Features
Sidewalks
Listing insights
Market data and value estimates
StatusSold
Days on market80
Est. value$180,900
Est. rent$2,137/mo
Tax rate0.96%
On marketMay 15, 2025
PostedMay 15, 2025
Last sold$180,000
MLS statusSold
MLS updatedJan 21, 2026
Tour days6
Views21
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46203
Price history
13 events
DateEventPrice$/sqftSource
Jan 17, 2026Sold$180,000—MIBOR as distributed by MLS GRID
Jan 4, 2026Pending Sale$197,500—MIBOR as distributed by MLS GRID
Nov 4, 2025Price Change$197,500—MIBOR as distributed by MLS GRID
Sep 3, 2025Listed For Sale$210,000—MIBOR as distributed by MLS GRID
May 20, 2025Pending Sale$210,000—MIBOR as distributed by MLS GRID
May 15, 2025Listed For Sale$210,000—MIBOR as distributed by MLS GRID
Mar 9, 2016Sold$66,500—Public Record
Jun 25, 2013Sold$32,070—Agent Provided
May 25, 2013Pending Sale$38,900—CENTURY 21 Gordon & Associates
Jul 27, 2012Price Change$38,900—CENTURY 21 Gordon & Associates
Apr 18, 2012Price Change$39,900—CENTURY 21 Gordon & Associates
Jan 10, 2012Price Change$44,900—CENTURY 21 Gordon & Associates
Feb 24, 2011Listed For Sale$54,400—CENTURY 21 Gordon & Associates
Sold$180,000
Jan 17, 2026•MIBOR as distributed by MLS GRID
Pending Sale$197,500
Jan 4, 2026•MIBOR as distributed by MLS GRID
Price Change$197,500
Nov 4, 2025•MIBOR as distributed by MLS GRID
Listed For Sale$210,000
Sep 3, 2025•MIBOR as distributed by MLS GRID
Pending Sale$210,000
May 20, 2025•MIBOR as distributed by MLS GRID
Listed For Sale$210,000
May 15, 2025•MIBOR as distributed by MLS GRID
Sold$66,500
Mar 9, 2016•Public Record
Sold$32,070
Jun 25, 2013•Agent Provided
Pending Sale$38,900
May 25, 2013•CENTURY 21 Gordon & Associates
Price Change$38,900
Jul 27, 2012•CENTURY 21 Gordon & Associates
Price Change$39,900
Apr 18, 2012•CENTURY 21 Gordon & Associates
Price Change$44,900
Jan 10, 2012•CENTURY 21 Gordon & Associates
Listed For Sale$54,400
Feb 24, 2011•CENTURY 21 Gordon & Associates
Tax history
22 years of records
YearTax paidAssessed value
Apr 8, 2024$3,895$166,400
Apr 8, 2023$3,877$164,200
Apr 8, 2022$3,354$164,200
Apr 8, 2021$3,066$145,400
Apr 8, 2020$3,116$132,400
Apr 8, 2019$3,184$132,000
Apr 8, 2018$2,340$118,000
Apr 8, 2017$2,123$107,200
Apr 8, 2016$1,947$97,000
Apr 8, 2014$1,859$86,000
Apr 8, 2013$1,068$86,000
Apr 8, 2012$1,068$47,400
Apr 8, 2011—$44,000
Apr 8, 2010$920$44,000
Apr 8, 2009$942$44,000
Apr 8, 2007—$38,900
Apr 8, 2006—$47,700
Apr 8, 2005—$47,700
Apr 8, 2004—$47,700
Apr 8, 2003—$47,700
Apr 8, 2002—$18,300
Apr 8, 2001—$6,100
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 14:38:02 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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