12 days on rocket

Sale Pending

2502 Columbia Ave, Indianapolis, IN, 46205

$155,000

Home List Price

$1,841*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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2502 Columbia Ave, Indianapolis$155,000

Buyer Closing Credits

$1,841*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1921
HeatingForced Air
CoolingNone
BasementYes
MLS #21972109
Lot Size0.13 Acres
StatusSale Pending
(Pending)

About 2502 Columbia Ave

Welcome to your premier turnkey investment opportunity nestled in the vibrant Martindale-Brightwood neighborhood of Indianapolis! This ranch-style duplex is a gem awaiting your savvy touch. Strategically positioned adjacent to the ever-popular Monon Trail, convenience and growth are at your doorstep. This central location boasts a flurry of development activity, ensuring sustained value appreciation. Just a brief 10-minute drive from downtown, accessibility is unmatched. The allure of the Monon Trail and the adjacent Monon 30 development adds a unique charm, promising an active and dynamic lifestyle for tenants. Each unit mirrors the other, boasting 2 bedrooms and 1 bathroom each, spanning a cozy 574 square feet, these units are designed for optimal functionality and comfort. One unit stands vacant, recently turned over and prepped for immediate occupancy, while the other is currently leased at $1000 per month under Section 8, on a month-to-month basis. Utilities are separately metered. Professionally managed by PMI Midwest, peace of mind comes standard with this investment. With a potential gross income of $2000, this property significantly surpasses the coveted 1% rule, ensuring robust returns on your investment. For the astute house hacker, the vacant unit presents an enticing opportunity to offset a substantial portion of the mortgage with rental income from the occupied side, maximizing your investment potential. Seize this opportunity to capitalize on the thriving Indianapolis real estate market and schedule your viewing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1921

Listing Office:

  • Office Name: Keller Williams Indpls Metro N
  • Office Email: peter@peterstewartrealty.com
  • Listing Agent: Peter Stewart

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

School Info

Assigned Schools Information:

  • Arsenal Technical High School, Public District Grades 9-12
  • Francis W Parker School 56, Public Magnet Grades PK-8
  • H L Harshman Middle School, Public District Grades 7-8
  • Merle Sidener Gifted Academy, Public District Grades 2-8
  • Joyce Kilmer School 69, Public Magnet Grades KG-6
  • Theodore Potter School 74, Public District Grades KG-6
  • Ernie Pyle School 90, Public District Grades PK-6

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $155,000

Tax Information:

  • Annual Amount: $1,400
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Indianapolis, IN.

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Indianapolis, IN

City

Med. Sold Price

$240K

Med. Price/SqFt

$136

Avg. Days On Market

32

# of Sold Homes

1089

2502 Columbia Ave vs Indianapolis

12 DAYS ON ROCKET

-20 Days

$155,000

-$85K Less

KEY TAKEAWAY

This property is $85K less than the Median Sold Price in Indianapolis, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #21972109

Listing Office:

  • Office Name: Keller Williams Indpls Metro N
  • Office Email: peter@peterstewartrealty.com
  • Listing Agent: Peter Stewart

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

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.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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.

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The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2024, 5:16:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 26, 2017Home Sold
$65,500

Tax History

YEARPROP. TAXASSESSMENT
2020$1,400$65,100
2019$1,466$59,300
2018$2,397$54,900
2017$3,156$54,500

History based on county public records data.

Payment Calculator

$841

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$531

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6574861
1
/10

  • Joyce Kilmer School 69

  • 3421 N Keystone Ave

  • 1.37 miles

  • Public Magnet Grades KG-6

school-card-donut-6574862
2
/10

  • Theodore Potter School 74

  • 1601 E 10th St

  • 1.60 miles

  • Public District Grades KG-6

school-card-donut-6574863
4
/10

  • Ernie Pyle School 90

  • 3351 W 18th St

  • 4.23 miles

  • Public District Grades PK-6

Middle School

school-card-donut-6574864
1
/10

  • Francis W Parker School 56

  • 2353 Columbia Ave

  • 0.18 miles

  • Public Magnet Grades PK-8

school-card-donut-6574865
2
/10

  • H L Harshman Middle School

  • 1501 E 10th St

  • 1.60 miles

  • Public District Grades 7-8

school-card-donut-6574866
9
/10

  • Merle Sidener Gifted Academy

  • 2424 Kessler Boulevard East Dr

  • 4.19 miles

  • Public District Grades 2-8

High School

school-card-donut-6574867
1
/10

  • Arsenal Technical High School

  • 1500 E Michigan St

  • 1.95 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,667. Most Indianapolis, IN residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Indiana›Marion County›Indianapolis›46205›2502 Columbia Ave

This home is located at 2502 Columbia Ave in Indianapolis, IN and zip code 46205 in the Martindale / Brightwood neighborhood. This home, which was built in 1921, sits on a 0.13 acre lot. It has been listed on Rocket Homes since April 23, 2024 and is currently priced at $155,000.

Indianapolis, IN housing market in April 2024 saw over 316 listings sold above listed price, more than 280 sold at listed price and over 493 sold below. In April 2024 in Indianapolis, IN there were 0.3% more homes for sale than in March 2024. Listings spent 32 days on the market in April 2024, and had a median list price of $240,065 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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