1409 Marlowe Avenue
Indianapolis, IN 46201
- – beds
- – baths
- – sqft
- 4,400 sqft lot
- 1986 build
Discover an outstanding investment opportunity with this charming duplex located at 1409 and 1411 Marlowe Ave in the heart of Indianapolis. Each side features three spacious bedrooms and one full bathroom, making this property perfect for both seasoned investors and those entering the real estate market. Situated just minutes from downtown Indianapolis, this duplex offers convenient access to the Monon Trail and the vibrant Bottleworks District, known for its shopping, dining, and entertainment. This prime location ensures a strong demand for rentals and great potential for appreciation in value. The open floor plans of both units create a welcoming atmosphere, enhanced by large windows that fill the spaces with natural light. Modern kitchens are equipped with ample counter space and essential appliances, perfect for culinary pursuits. Each unit's three well-sized bedrooms provide comfortable living spaces, while the conveniently located full bathrooms serve essential needs. With separate entrances and utilities, privacy and functionality are maximized for each unit. Investors will find significant potential for passive income, given the growing demand for rental properties in the 46201 zip code. Recent comparable properties highlight strong rental rates, making this duplex an attractive prospect for diversifying any investment portfolio. Don't miss this unique opportunity to own a duplex in a sought-after Indianapolis location. This property is ideal for anyone looking to embark on or expand their real estate journey. Explore the possibilities that 1409 and 1411 Marlowe Ave have to offer! Major renovation has already started on the 1411 Marlowe side. Many materials are there including kitchen cabinets, all bathroom vanities, new Anderson windows, front doors, back door, and HVAC duct work.
Last checked:
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Last updated Oct 7, 2024
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MLS# 22005202 —
The Building
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Year Built:1986
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New Construction:false
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Construction Materials:Vinyl Siding
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Architectural Style:Victorian
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Levels:Two
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Roof:Asphalt
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Basement:true
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Green Certification:No
Location
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Directions:GPS Friendly
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Latitude:39.770231
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Longitude:-86.134884
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:491006161029000101
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Acres:<1/4 Acre
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Lot Size Acres:0.1
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Lot Size SqFt:4,400 Sqft
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Price Per Acre:2790000
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Structure Type:Duplex
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Current Use:Residential
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Road Access:Not Applic
Listing Agent
- Contact info:
- Agent phone:
- (574) 626-8432
- Office phone:
- (574) 626-8432
Taxes
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Tax Lot:61
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Tax Year:2023
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Tax Exemptions:Homestead Tax Exemption
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Semi Annual Property Tax Amt:1670
Heating & Cooling
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Cooling:Central Electric
Utilities
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Solid Waste:Yes
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Arsenal Park
Extra Units
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# of Units Total:2
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/4/24
Oct 4, 2024
|
Listed / Active | MIBOR | $279,000 | 1.5% (0.5% / YR) |
|
10/5/21
Oct 5, 2021
|
MIBOR | $275,000 | -16.7% | |
|
9/7/21
Sep 7, 2021
|
MIBOR | $330,000 |
