Pending15d on market
228 N Tacoma Ave
Indianapolis, IN, 46201 • Near Eastside • Marion County
$174,900
Down payment assistance available
2Beds
2Baths
0.12 acLot
1945Built
Property DNA
Bungalow Style
Built 1945 · 81 years of history
No Subdivision
Near Eastside
Market activity
Demand and pricing signals for this listing
7 views
People checking out this listing
15 days on market
Recently listed
About this home
Multi Family · Built 1945
Turnkey Duplex - One Side Leased at $700/Month, Other Side Vacant with $1,000/Month Potential or Owner-Occupy Option! Fantastic investment opportunity in Indianapolis! This 1-bedroom, 1-bathroom per side duplex with a full basement with 2 built out rooms is half occupied and currently generating $700/month in rental income. The other side is vacant and ready - with potential to rent for around $1,000/month or for you to move in and live while building equity. Convenient Location: Close to downtown Indy, shopping, dining, and major highways. The area is surrounded by remodeled and new construction homes, giving this property excellent long-term growth potential. Investor Friendly: One tenant already in place providing stability and cash flow from day one, with immediate upside potential on the vacant unit. At a list price of $179,900, this property meets the 1% rule, making it an attractive buy-and-hold investment. Bonus: The neighboring duplex at 224 N Tacoma Ave is also available. Prefer to sell both as a package, giving you the rare chance to own two side-by-side income-producing properties.
Estimated monthly payment
Based on current rates
$1,149/month
Principal & Interest$916
Property Tax$175
Insurance$58
Down payment20% ($34,980)
3%50%
Est. 6.84% rate · 30yr fixed · $139,920 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family, Duplex
Year Built1945
HeatingNatural Gas
CoolingWindow Unit(s)
ParkingAlley Access, On Street
Days on Zillow15 Days
Property
Home typeMulti Family
Sub-typeMulti Family, Duplex
StyleBungalow
Year built1945
Stories1
Systems
HeatingNatural Gas
CoolingWindow Unit(s)
RoofShingle
Parking & Outdoor
ParkingAlley Access, On Street
BasementStorage Space,Unfinished,Partially Finished
Lot5,227 sqft
Location & Tax
NeighborhoodNear Eastside
Annual tax$3,456
Parcel491005209064000101
Features & details
5 categories of property features
Interior Features
Heating
Natural Gas
Cooling
Window Unit(s)
Laundry
In Basement
Exterior Features
Parking
Alley Access
On Street
Lot Features
Access
Not In Subdivision
Sidewalks
Street Lights
Listing insights
Market data and value estimates
StatusPending
Days on market15
Tax rate0.96%
On marketMar 24, 2026
PostedMar 24, 2026
MLS statusPending
MLS updatedMar 24, 2026
Tour days6
Views7
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46201
Price history
6 events
DateEventPrice$/sqftSource
Mar 24, 2026Pending Sale$174,900—MIBOR as distributed by MLS GRID
Mar 11, 2026Listing Removed$174,900—MIBOR as distributed by MLS GRID
Dec 8, 2025Price Change$174,900—MIBOR as distributed by MLS GRID
Sep 11, 2025Listed For Sale$179,900—MIBOR as distributed by MLS GRID
Apr 5, 2025Listing Removed$200,000—MIBOR as distributed by MLS GRID
Nov 14, 2024Listed For Sale$200,000—MIBOR as distributed by MLS GRID
Pending Sale$174,900
Mar 24, 2026•MIBOR as distributed by MLS GRID
Listing Removed$174,900
Mar 11, 2026•MIBOR as distributed by MLS GRID
Price Change$174,900
Dec 8, 2025•MIBOR as distributed by MLS GRID
Listed For Sale$179,900
Sep 11, 2025•MIBOR as distributed by MLS GRID
Listing Removed$200,000
Apr 5, 2025•MIBOR as distributed by MLS GRID
Listed For Sale$200,000
Nov 14, 2024•MIBOR as distributed by MLS GRID
Tax history
16 years of records
YearTax paidAssessed value
Apr 9, 2024$3,124$145,600
Apr 9, 2023$2,916$131,700
Apr 9, 2022$2,127$123,500
Apr 9, 2021$2,154$92,200
Apr 9, 2020$1,742$93,000
Apr 9, 2019$1,720$73,800
Apr 9, 2018$830$72,200
Apr 9, 2017$1,245$36,100
Apr 9, 2016$800$32,900
Apr 9, 2014$755$34,900
Apr 9, 2013$91$34,900
Apr 9, 2012—$28,400
Apr 9, 2011—$26,900
Apr 9, 2010$564$26,900
Apr 9, 2009$578$26,900
Apr 9, 2007—$17,400
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 17:43:03 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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