1 of 49

Want to see this property?

429 N Colorado Avenue

Indianapolis, IN 46201

– beds
– baths
– sqft
5,576 sqft lot
1919 build

This fully renovated duplex on the east side of Indianapolis offers an incredible opportunity for both investors and homeowners looking to offset their mortgage. With both sides vacant and ready to rent, you can move into one side and start collecting rent from the other immediately. Each unit features 2 beds, 1 bath and has been fully renovated in 2022, so there's no work needed-just move in or rent out for instant income. The property boasts brand-new LVP flooring throughout, providing a sleek, durable, and low-maintenance option for both owners and tenants. Located in a prime area close to local amenities, schools, parks, and public transport, this property is perfectly situated for easy living and rental demand. Whether you're looking to live in one unit and rent out the other or add a well-maintained, income-generating asset to your portfolio, this duplex is a fantastic value that you won't want to miss.

Listing courtesy of MIBOR / @properties

Last checked: Checking… • Last updated Apr 11, 2025 •

MLS# 22031189 —

The Building

Year Built:

1919
New Construction:

false
Construction Materials:

Wood Brick
Architectural Style:

TraditonalAmerican
Levels:

One and One Half
Basement:

true
Security Features:

Smoke Alarm
Green Certification:

No
Gross Area SqFt:

2040

Interior

Laundry Features:

Connections All

Location

Directions:

GPS Friendly
Latitude:

39.774171
Longitude:

-86.094792

The Property

View:

true
Property Type:

Residential Income
Property Subtype:

Duplex
Property Attached:

true
Parcel Number:

491004119324000101
Acres:

<1/4 Acre
Lot Features:

Not Applicable
Lot Size Acres:

0.13
Lot Size SqFt:

5,576 Sqft
Price Per Acre:

2038462
Structure Type:

Duplex
Current Use:

Vacant
Possible Use:

Residential
Road Access:

Not Applic

Listing Agent

Contact info:

Taxes

Tax Lot:

491004119324000101
Tax Year:

2024
Semi Annual Property Tax Amt:

1456

Utilities

Solid Waste:

No

Schools

High School District:

Indianapolis Public Schools

The Community

Subdivision Name:

Tuxedo Park

Parking

Parking:

On Street

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/9/25 Apr 9, 2025	Listed / Active	MIBOR	$265,000	112.0% (38.0% / YR)
4/29/22 Apr 29, 2022		MIBOR	$125,000	-3.8%
4/18/22 Apr 18, 2022		MIBOR	$130,000

Want a closer look?

Go see 429 N Colorado Avenue

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Indianapolis, IN

Similar sold homes

This multifamily located in East Side, Indianapolis, IN 46201 is currently for sale for $265,000. 429 N Colorado Avenue is a – square foot multifamily with – beds and – baths. 429 N Colorado Avenue is in the East Side neighborhood of Indianapolis and has a WalkScore® of 55, making it somewhat walkable. This multifamily is in the attendance area of T C Howe Community School, Arsenal Technical High School, George Washington Community High School, Riverside High School, Ralph Waldo Emerson School 58, and Arlington Middle School.

Listing Courtesy of: MIBOR and @properties.

IDX 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 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.

Data is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service