7501 E Troy Avenue
Indianapolis, IN 46239
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1973 build
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An incredible investment opportunity in Franklin Township! This beautifully maintained duplex is in immaculate condition. Ready to be owner-occupied. The area market shows a potential monthly rent range of $1295 per unit. This turn-key ready duplex boasts two identical units, each offering a well-appointed living space, featuring 2 bedrooms and 1 bathroom per unit. Each unit is thoughtfully designed with its private driveway, along with a convenient storage shed and washer/dryer. Recent renovations in 2025 have elevated this property to modern standards, ensuring comfort and style for tenants and owners alike. Upgrades include: SS appliances and brand new luxury vinyl plank (LVP) flooring. Completely remodeled with contemporary finishes new cabinets and Quartz countertops. All new interior paint for a crisp, updated appearance. New PEX plumbing supply lines, PVC drain pipes, recent replacements of electrical panels and water heaters (within the last 5 years) New ceiling fans, and new front and back entry doors. A vapor barrier has been installed to enhance the property's longevity. The Dimensional shingle roof was installed in late 2024. The oversized lot offers ample space for future expansion. Consider adding a garage or accessory building, or explore the potential to split the parcel and develop a separate single-family residence (SFR). The duplex is equipped with separately metered electric and gas utilities, Whether you're looking to generate consistent rental income or seeking a home that offers additional income potential, this duplex has it all.
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Last updated Apr 16, 2025
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MLS# 22020572 —
The Building
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Year Built:1973
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New Construction:false
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Construction Materials:Brick
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Architectural Style:TraditonalAmerican
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Levels:One
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Roof:Shingle
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Security Features:Smoke Alarm
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Green Certification:No
Interior
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Laundry Features:Connections All
Financial & Terms
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Buyer Financing:FHA
Location
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Directions:GPS Friendly
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Latitude:39.724628
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Longitude:-86.034892
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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Property Attached:true
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Parcel Number:491025128018000300
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Acres:1/2-1 Acre
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Lot Size Acres:0.5
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Lot Size SqFt:21,780 Sqft
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Price Per Acre:590000
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Property Condition:Updated/Remodeled
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Additional Parcels:false
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Structure Type:Duplex
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Waterfront:false
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Current Use:Residential
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Possible Use:Residential
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Road Access:Frontage Road
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Road Frontage Type:City Street
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Road Surface Type:Gravel
Listing Agent
- Contact info:
- Agent phone:
- (317) 500-2553
- Office phone:
- (317) 271-5959
Taxes
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Tax Lot:491025128018000300
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Tax Year:2023
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Semi Annual Property Tax Amt:2033
The Listing
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Inspection Warranties:Not Applicable
Utilities
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Building Utilities:Private Well
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Solid Waste:Yes
Schools
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High School District:Franklin Township Com Sch Corp
The Community
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Subdivision Name:No Subdivision
Parking
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Parking:Guest Parking,2 Car Space,Unpaved
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 |
---|---|---|---|---|
4/9/25
Apr 9, 2025
|
Sold | MIBOR | $295,000 | -1.7% |
3/10/25
Mar 10, 2025
|
Pending | MIBOR | $299,999 | |
3/3/25
Mar 3, 2025
|
Price Changed | MIBOR | $299,999 | -9.1% |