2968 N Arsenal Avenue
Indianapolis, IN 46218
- 5 beds
- 5 baths
- 1,711 sqft
- 7,275 sqft lot
- $146 per sqft
- 1920 build
Excellent Investment Opportunity - Income-Producing Duplex! This versatile property offers strong rental potential with two distinct living spaces: Main Level Residence: Spacious and well-maintained, featuring 3 bedrooms and 3 bathrooms, perfect for owner occupancy or long-term rental. Upper-Level Apartment: A charming 2-bedroom, 2-bath unit with unique character. While it doesn't have a designated living room, it includes two cozy alcoves off the kitchen. One bedroom can easily be repurposed as a living space if rented as a one-bedroom unit, offering flexible layout options for tenants. Recent updates have been made in the past few years, and the property is being sold As-Is, Where-Is. Additional features include: Fenced-in backyard - ideal for pets or privacy Gravel off-street parking in the rear Washer/dryer hookup in the upstairs apartment Dedicated laundry area for the main level in the basement Whether you're an investor or looking to live in one unit while renting the other, this property has the potential to generate immediate income!
Last checked:
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Checking…
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Last updated May 19, 2025
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MLS# 22039527 —
The Building
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Year Built:1920
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New Construction:false
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Construction Materials:Vinyl With Stone
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Architectural Style:Bungalow
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Levels:Two
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Basement:true
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Foundation Details:Block
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Patio And Porch Features:Covered Porch
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Accessibility Features:No
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Direction Faces:East
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Green Certification:No
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Upper SqFt:837
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Building Area Total:1924
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Below Grade Finished Area:37
Interior
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Rooms:8
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Rooms Total:9
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Rooms Total:8
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Interior Features:Windows Vinyl
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Eating Area:Dining Combo/Family Room
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Laundry Features:In Basement
Room Dimensions
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SqFt:1674
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Main Level SqFt:837
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Living Area:1711
Location
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Directions:GPS Friendly
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Latitude:39.810551
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Longitude:-86.134723
The Property
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View:true
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:false
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Parcel Number:490730103026000101
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Acres:<1/4 Acre
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Lot Features:On Golf Course, See Remarks
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Lot Size Acres:0.17
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Lot Size SqFt:7,275 Sqft
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Price Per Acre:1470588
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Property Condition:Updated/Remodeled
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Waterfront:false
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Horse Amenities:None
Listing Agent
- Contact info:
- Agent phone:
- (317) 397-3311
- Office phone:
- (317) 397-3311
Taxes
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Tax Lot:31
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Tax Year:2023
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Semi Annual Property Tax Amt:368
Beds
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Beds:5
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Bedrooms:5
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Bedrooms Total:5
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Main Level Bedrooms:3
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Primary Bedroom Description:Closet Walk in
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# of Bedrooms Upper:2
Baths
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Baths:5
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Full Baths:5
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Full Baths:5
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Full Baths Main:3
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Full Baths Upper:2
Heating & Cooling
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Heating:Forced Air
Utilities
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Water Source:Municipal/City
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Solid Waste:No
Appliances
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Appliances:Dishwasher, Electric Water Heater, Electric Oven, Refrigerator
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:J H Claypools 1st Add
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Association:false
Parking
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Parking Features:Other
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Garage:false
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Garage & Parking:Assigned Parking Outside
Monthly cost estimate
Asking price
$250,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,338
|
| Taxes | $61 |
| Insurance | $68 |
| Utilities | $173 See report |
| Total | $1,640/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/19/25
May 19, 2025
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Listed / Active | MIBOR | $250,000 | 21.7% (6.9% / YR) |
|
4/4/22
Apr 4, 2022
|
MIBOR | $205,400 | -12.6% | |
|
3/7/22
Mar 7, 2022
|
MIBOR | $234,900 |
