38 N Elder Avenue
Indianapolis, IN 46222
- – beds
- – baths
- – sqft
- 6,970 sqft lot
- 1890 build
Charming Duplex with Airbnb Income Near Downtown Indy Located just minutes from downtown Indianapolis and Indianola Park, this well-maintained duplex on North Elder Avenue is a standout investment opportunity. Both 2-bedroom, 1-bathroom units are currently rented as successful Airbnb listings, providing steady short-term rental income. Each 810 sq. ft. unit features an inviting front porch, classic vinyl siding, and a landscaped yard. Inside, enjoy an open-concept layout with abundant natural light, laminate flooring, a functional kitchen, dedicated dining area, and spacious bedrooms with ample closet space. Unit 1 includes access to a partial basement, while Unit 2 is equipped with its own washer and dryer. Efficient heating and cooling systems ensure year-round comfort. An excellent opportunity in a convenient location-schedule your showing today!
Last checked:
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Last updated Apr 12, 2025
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MLS# 22027751 —
The Building
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Year Built:1890
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New Construction:false
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Construction Materials:Vinyl Siding
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Architectural Style:TraditonalAmerican
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Levels:One
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Basement:true
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Basement:Partial
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Green Certification:No
Location
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Directions:GPS Friendly
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Latitude:39.767663
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Longitude:-86.194359
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:491103142009000101
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Acres:<1/4 Acre
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Lot Size Acres:0.16
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Lot Size SqFt:6,970 Sqft
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Price Per Acre:1625000
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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:
- (317) 236-9172
- Office phone:
- (317) 635-3333
Taxes
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Tax Lot:43
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Tax Year:2024
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Semi Annual Property Tax Amt:798.8
Heating & Cooling
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Heating:Electric, Natural Gas
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:Mileys
Parking
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Parking Features:Alley Access
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 |
|---|---|---|---|---|
|
4/10/25
Apr 10, 2025
|
Listed / Active | MIBOR | $260,000 | 1200.0% (162.9% / YR) |
|
11/28/17
Nov 28, 2017
|
MIBOR | $20,000 |
