4303 Norwaldo Avenue
Indianapolis, IN 46205
Map
- – beds
- – baths
- – sqft
- 11,680 sqft lot
- 1945 build
Here's your opportunity to expand your portfolio with this remarkable duplex located in the highly sought-after SoBro neighborhood! The area is bustling with investment, making this a prime time to secure a property in this thriving community. The duplex is currently generating income with tenants on a month-to-month lease, paying $1,950/month, with potential market rent at $2,860/month. Addresses are 4303 and 4305 Norwaldo Ave. Recent updates to the property include a newer roof, and updates to Unit #1 include fresh paint, updated light fixtures, modern appliances, and a renovated kitchen and bathroom, ensuring it's move-in ready and low maintenance. Unit #2 could use some cosmetic updates. Situated in a convenient north side location, this property offers easy access to everything Indy has to offer. Enjoy proximity to schools, parks, shopping, and recreational spots like the Monon Trail. Commuting is simplified with access to the Red & Purple Lines, and major roads such as N College Ave, N Keystone Ave, 38th St, and Fall Creek Pkwy. The Fairgrounds are also just a short distance away. Please note, this property is part of a larger 16-property investment portfolio which includes 11 duplexes, 3 single-family homes, and 2 vacant lots, and cannot be purchased individually. This is a rare chance to invest in a substantial portfolio within a dynamic and growing neighborhood. Don't miss out on this exceptional investment opportunity to boost your real estate holdings in SoBro!
Last checked:
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Last updated Jul 16, 2025
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MLS# 22038511 —
The Building
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Year Built:1945
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New Construction:false
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Construction Materials:Block
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Architectural Style:Ranch
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Roof:Asphalt
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Foundation Details:Block
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Levels:One
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Basement:true
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Basement:Unfinished
Location
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Directions:GPS Friendly
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Latitude:39.834908
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Longitude:-86.128669
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Parcel Number:490718106036000801
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Acres:1/4-1/2 Acre
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Lot Features:Sidewalks
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Lot Size Acres:0.27
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Lot Size SqFt:11,680 Sqft
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Price Per Acre:759259
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Property Condition:Updated/Remodeled
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Structure Type:Duplex
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Road Access:Street Cuts
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Road Frontage Type:City Street
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Road Surface Type:Asphalt
Listing Agent
- Contact info:
- Agent phone:
- (317) 701-4289
- Office phone:
- (317) 563-5051
Taxes
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Tax Lot:26
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Tax Year:2024
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Semi Annual Property Tax Amt:1670
Utilities
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Solid Waste:No
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Montrose
Parking
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Parking:On Street
Extra Units
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# of Units Total:2
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/16/25
Jul 16, 2025
|
Listed / Active | MIBOR | $205,000 | 747.7% (34.3% / YR) |
|
9/26/03
Sep 26, 2003
|
MIBOR | $24,182 |
