Sold9d on market
2536 Madison Ave
Indianapolis, IN, 46225 • Garfield Park • Marion County
$250,000
4Beds
2Baths
0.2 acLot
1940Built
Property DNA
Bungalow Style
Built 1940 · 86 years of history
Hoefgens
Garfield Park
Market activity
Demand and pricing signals for this listing
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People checking out this listing
2 saves
Buyers have saved this home
9 days on market
Recently listed
About this home
Multi Family · Built 1940
Fully tenanted duplex. 2 bedrooms / 1 bath with full unfinished basement per side. LVP floors throughout the living space. Gravel drive with off street parking behind the property. Leases in place through November 2026 at $1200 per month. Oven/range and refrigerator on both sides stay with the property.
Estimated monthly payment
Based on current rates
$1,566/month
Principal & Interest$1,232
Property Tax$250
Insurance$83
Down payment20% ($50,000)
3%50%
Est. 6.26% rate · 30yr fixed · $200,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family, Duplex
Year Built1940
HeatingForced Air, Natural Gas
CoolingCentral Air
ParkingGravel
Property
Home typeMulti Family
Sub-typeMulti Family, Duplex
StyleBungalow
ConditionUpdated/Remodeled
Year built1940
Stories1
Systems
HeatingForced Air, Natural Gas
CoolingCentral Air
RoofShingle
ConstructionAluminum Siding
Parking & Outdoor
ParkingGravel
FencingFenced,Partial,Privacy
Lot8,712 sqft
Location & Tax
NeighborhoodGarfield Park
Annual tax$6,372
Parcel491124131009000101
Features & details
7 categories of property features
Interior Features
Heating
Forced Air
Natural Gas
Cooling
Central Air
Laundry
Connections All
In Basement
Exterior Features
Parking
Gravel
Construction
Aluminum Siding
Lot Features
Sidewalks
Street Lights
Mature Trees
Security
Smoke Detector(s)
Listing insights
Market data and value estimates
StatusSold
Days on market9
Est. value$250,100
Est. rent$1,471/mo
Tax rate0.96%
On marketFeb 24, 2026
PostedFeb 24, 2026
Last sold$250,000
MLS statusSold
MLS updatedApr 1, 2026
Tour days6
Views64
Favorites2
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46225
Price history
13 events
DateEventPrice$/sqftSource
Mar 30, 2026Sold$250,000—MIBOR as distributed by MLS GRID
Mar 1, 2026Pending Sale$250,000—MIBOR as distributed by MLS GRID
Feb 24, 2026Listed For Sale$250,000—MIBOR as distributed by MLS GRID
Jul 8, 2024Sold$204,000—MIBOR as distributed by MLS GRID
May 22, 2024Pending Sale$215,000—MIBOR as distributed by MLS GRID
May 17, 2024Listed For Sale$215,000—MIBOR as distributed by MLS GRID
Apr 7, 2020Sold$130,400—Agent Provided
Dec 9, 2017Listing Removed$695—CENTURY 21 Diversified Realty
Nov 10, 2017Listed For Rent$695—CENTURY 21 Diversified Realty
Jul 18, 2016Sold$105,000—MIBOR as distributed by MLS GRID
Apr 23, 2016Listed For Sale$109,900—DNA Properties, LLC
Mar 31, 2015Listing Removed$126,000—Tomorrow Realty, Inc.
Oct 1, 2014Listed For Sale$126,000—Tomorrow Realty, Inc.
Sold$250,000
Mar 30, 2026•MIBOR as distributed by MLS GRID
Pending Sale$250,000
Mar 1, 2026•MIBOR as distributed by MLS GRID
Listed For Sale$250,000
Feb 24, 2026•MIBOR as distributed by MLS GRID
Sold$204,000
Jul 8, 2024•MIBOR as distributed by MLS GRID
Pending Sale$215,000
May 22, 2024•MIBOR as distributed by MLS GRID
Listed For Sale$215,000
May 17, 2024•MIBOR as distributed by MLS GRID
Sold$130,400
Apr 7, 2020•Agent Provided
Listing Removed$695
Dec 9, 2017•CENTURY 21 Diversified Realty
Listed For Rent$695
Nov 10, 2017•CENTURY 21 Diversified Realty
Sold$105,000
Jul 18, 2016•MIBOR as distributed by MLS GRID
Listed For Sale$109,900
Apr 23, 2016•DNA Properties, LLC
Listing Removed$126,000
Mar 31, 2015•Tomorrow Realty, Inc.
Listed For Sale$126,000
Oct 1, 2014•Tomorrow Realty, Inc.
Tax history
16 years of records
YearTax paidAssessed value
Apr 9, 2024$3,316$134,300
Apr 9, 2023$3,455$139,700
Apr 9, 2022$2,873$146,200
Apr 9, 2021$2,433$124,400
Apr 9, 2020$1,396$104,900
Apr 9, 2019$1,409$59,000
Apr 9, 2018$1,231$59,000
Apr 9, 2017$1,221$54,800
Apr 9, 2016$1,097$51,400
Apr 9, 2014$978$45,100
Apr 9, 2013$1,021$45,100
Apr 9, 2012$1,021$45,100
Apr 9, 2011—$49,500
Apr 9, 2010$1,038$49,500
Apr 9, 2009$1,060$49,500
Apr 9, 2007—$55,100
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 2026-04-09 04:07:45 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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